Finland
This coverage explores Finland’s evolving retail landscape, offering insights for UK-based retail professionals monitoring international market dynamics. It reports on the dominance of domestic giants S Group and Kesko, the rise of e-commerce with foreign retailers capturing over 37% of online purchases, and the impact of economic factors such as inflation on consumer behaviour. The reporting also addresses challenges faced by UK retailers, including the withdrawal of Tesco products due to Brexit-related complications, and examines opportunities for market entry and expansion within Finland’s retail sector.
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Jun- 2025 -27 JuneDIY
Søstrene Grene to open 500 stores amid ‘record’ trading
Danish homewares brand Søstrene Grene is set to expand into Italy and Poland in 2026, as it plans to operate 500 stores by 2027. The news comes on the heels of the group’s strong trading across the UK and wider European markets. According to Søstrene Grene, it expects to deliver…
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May- 2025 -29 MayClothing & Shoes
Frasers closes in on ailing Norwegian sportswear giant takeover
Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but has warned that it may not be able to save the company. The group has confirmed that should its offer be accepted it will control 92% of the company’s share…
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Feb- 2025 -21 FebruaryNews-In-Brief
Today’s news in brief-21/2/25
UK retail sales saw a 1.7% rise in January 2025, driven primarily by a 5.6% surge in food sales, the largest monthly increase since March 2020, according to the Office for National Statistics (ONS). Despite this rebound, sales volumes over the three months to January fell by 0.6% compared to…
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21 FebruarySport & Leisure
Frasers Group withdraws offer for Norway’s XXL ASA
Frasers Group has announced that it will not proceed with its intended voluntary offer for the shares in Norwegian sporting goods retailer XXL ASA at NOK 10 per share, which valued the company’s fully diluted share capital at NOK 246,357,450 (£17.45m). News comes after Frasers initially revealed its voluntary offer…
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Dec- 2024 -6 DecemberClothing & Shoes
Frasers eyes takeover deal of Norwegian sports retailer
Frasers Group has announced this morning (6 December) its intention to launch a voluntary offer for all shares in XXL ASA, a Norwegian sporting goods retailer, which has a physical and online presence in the Nordics and Australia. News comes via the Oslo Stock Exchange after Frasers “carefully considered the…
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4 DecemberNews
Ruggable launches first in-store presence through John Lewis partnership
Ruggable has announced that for the first time in the UK market, its rugs will be available to view in-store as part of its recent retail partnership with John Lewis. The washable rug brand will be part of an in-store experience at the John Lewis flagship store on London’s Oxford…
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Nov- 2024 -26 NovemberM&A
Secret Sales expands European presence with Afound acquisition
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has acquired H&M Group’s digital fashion outlet, Afound. The company said the move solidifies its position in European off-price retail, establishing operations across 10 countries including Sweden, Denmark, Norway, Finland, Germany, The Netherlands, Belgium, Ireland, Spain and the…
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Oct- 2024 -23 OctoberNews-In-Brief
Today’s news in brief-23/10/24
Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British high streets, which have been struggling to compete with online giants. The proposed measures could come after her upcoming autumn budget, which is expected to introduce tax hikes and spending…
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23 OctoberPeople Moves
Asda bolsters leadership team with new senior hires
Asda has appointed two new senior leaders to help drive its growth ambitions in 2025. The supermarket giant has named Lauren Lepley as vice president Central Operations and Mark Henry will join in January from M&S as vice president Retail South, with responsibility for Asda’s southern store operations. Both Lepley…
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Apr- 2023 -28 AprilClothing & Shoes
Skechers to acquire Scandinavian distributor
Skechers has announced that it has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding Aps. The Sports Connection business comprises 58 existing Skechers retail locations, several e-commerce solutions as well as over 1,600 wholesale customers. It will become a wholly-owned subsidiary of Skechers, primarily responsible for…
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