Expansion
This coverage examines retail expansion strategies and activities within the UK market. Reporting highlights store openings, market entry plans, international growth, investment in new formats, and leadership decisions driving growth. With a focus on commercial opportunities and competitive positioning, it provides insights for executives and managers overseeing strategic development and operational rollout.
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Apr- 2021 -12 AprilAnalysis
How John Lewis plans to bounce back
In 2007, upmarket retail giant John Lewis revealed plans for an ambitious expansion scheme, which aimed to double the size of its business. At the time, the company only had 26 sites across the UK and the £700m investment was created to increase its high street presence: bringing a further…
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9 AprilClothing & Shoes
Boohoo continues expansion with new warehouse deal
Boohoo has announced that following an exchange of contracts, it has agreed a long-term lease for a new warehouse in Daventry, in a bid to fuel further growth for the group. The site is due to become operational in the second quarter of the retailer’s financial year, and forms part…
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9 AprilClothing & Shoes
Asos to raise £500m to aid global expansion
Asos has announced its intention to raise £500m via the placing of senior unsecured guaranteed convertible bonds through its wholly owned subsidiary Cornwall Jersey. The cash injection will be used to fund Asos’ global expansion strategy, as well as refinancing its acquisition of Topshop in February 2021. Issued at par,…
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9 AprilPeople Moves
OnBuy hires new CFO
OnBuy has announced the appointment of James Watts as its new chief financial officer. Watts brings 12 years of experience in financial services to the online retail marketplace, having previously worked for Deloitte, WPP Group and most recently, Richmond Group. This hiring represents one of many within the company, following…
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Mar- 2021 -29 MarchDIY
Victoria Plum sees 46% increase in sales to £103m
Online bathroom retailer Victoria Plum has announced that its sales rose by a record 46% to £103m for the year ended 28 February 2021. In addition, the Doncaster headquartered business added that its EBITDA increased by 115% to £4.5m. Over the same period, the company grew its headcount from 349…
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26 MarchHigh Street
Majestic accelerates expansion with new Beaconsfield site
Majestic, the specialist wine retailer, has opened the doors of a new store in Beaconsfield, Greater London, as part of a wider strategy targeting future growth across the country. The move now puts the total number of stores for the 40 year old retailer at over 200. The retailer revealed…
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26 MarchPeople Moves
OnBuy hires ex-eBay director as CCO
OnBuy.com has announced the appointment of Mark Lister as its first chief commercial officer (CCO) as part of a series of C-suite hires. Lister brings over 20 years’ commercial experience to the role, including expertise in the e-commerce and marketplace sector built over the past 12 years. Prior to his…
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23 MarchNews
End acquired by the Carlyle Group
Luxury, streetwear and sportswear retailer End has announced that the Carlyle Group, a global investment firm, has acquired a majority stake in the group. Closing on 1 April 2021, the deal sees founders Christiaan Ashworth and John Parker retain a significant majority stake and remain co-CEOs at the company. However,…
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23 MarchOnline & Digital
Faire launches UK operations
Faire, an online wholesale marketplace, has announced its launch in the UK and Netherlands. Founded in 2017, the provider of tools and technology to small businesses has since grown 200% year-on-year. Faire is now valued at $2.5bn (£1.9bn) and serves over 170,000 independent retailers across the USA, with its brand…
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19 MarchAnalysis
Lidl & Aldi – Location, Location, Location
The demise of the high street and the evolution that part of retail is currently experiencing is extremely well documented. But one area that is not so well covered is the rise of Lidl & Aldi and their move towards dominance in the extremely valuable food retail market. This is…
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