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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Feb- 2021 -5 FebruaryOnline & Digital
ManoMano doubles sales volume to over £1bn
ManoMano, an online DIY marketplace, saw its global business volume climb to £1.05bn last year, with its UK sales tripling to £105m. As a result of the spike in company-wide revenues, which more than doubled, the group is targeting an expansion strategy across Northern Europe. According to Christian Raisson, co-founder…
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4 FebruarySport & Leisure
JD Sports raises £464.2m to bolster acquisition plans
JD Sports has announced the completion of the placing of new ordinary shares in the business’ capital, which raised £464.2m for the company, to be used for future acquisition plans. A total of 58,393,989 new ordinary shares in the retailer were placed by Investec and Peel Hunt, at an issue…
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1 FebruarySupermarkets
Asda prioritises deliveries to support 5,000 nurseries
Asda has announced that it will now be offering priority access to slots in order to support 5,000 nurseries which continue to provide essential childcare services during lockdown. The supermarket chain has gifted its nursery customers with a ‘Priority Pass’, which will allow them to benefit from advance access to…
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Jan- 2021 -28 JanuarySupermarkets
Lidl swings to £13.6m after tax loss
Lidl has reported losses after tax of £13.6m for the year ending in February 2020, following the group’s heavy investment into growing its workforce and store estate. It comes as the discount retailer reported revenues of £6.9bn as it attracted a new found customer base. Nonetheless, the slump comes as…
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28 JanuaryHigh Street
Retail venture snaps up Knomo
Inc Retail Group, a newly formed arm of the Manchester-based digital brand company Inc and Co, has acquired the bags and accessories retailer Knomo. The transaction represents Inc’s debut into the retail sector, and marks the beginning of a three-year “growth and development plan”. The expansion plans will be led…
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28 JanuaryLuxury Goods
Hugo Boss appoints new chief sales officer
Hugo Boss has announced the appointment of Oliver Timm as chief sales officer. In his role, he will be responsible for delivering a “premium shopping experience” for the retail group customers across all consumer touch-points − from retail and wholesale to e-commerce. Among Timm’s top priorities will be the implementation…
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27 JanuarySupermarkets
Poundland owner reports Q1 sales drop
Pepco Group, which owns brands such as Poundland in the UK, has reported a like-for-like sales decline of 2.1% in its first quarter due to lockdown restrictions resulting in store closures across the country. Despite this fall in sales, trading stores that were open for the full duration of any…
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21 JanuaryClothing & Shoes
Primark appoints new corporate affairs director
Primark has announced the appointment of Alice Macandrew to the newly-created position of corporate affairs director with immediate effect. Macandrew joins Primark with the remit to develop a global corporate affairs team and strategy that will build and protect long-term value in Primark. Working closely with the group’s leadership team…
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20 JanuaryAdvice
Building an online business by selling into overseas territories
Worldwide, eCommerce sales are growing year on year, and consumers switching to online shopping during Covid-19 has accelerated this growth. If you want to expand your reach, boost your sales and stay ahead of the competition, now’s the time to think about expanding into international markets. After all, the UK…
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18 JanuaryClothing & Shoes
Uniqlo reports 7.2% revenue decline
Fast Retailing, the parent company of Uniqlo, has revealed the high street fashion brand’s year-on-year revenue for the quarter ended 30 November 2020 fell by 7.2%. A large profit rise in Asia alongside steady e-commerce expansion did result in a £295m (9.5%) Q1 2021 increase to the firm’s global operating…
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