France
This coverage focuses on retail developments in France that are relevant to UK retail professionals, highlighting market trends, store openings and closures, cross-border strategies, leadership moves, and regulatory changes. Reporting provides insights into how French retail dynamics influence and intersect with UK businesses, supporting managers and executives monitoring international opportunities and challenges.
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Sep- 2021 -17 SeptemberSupermarkets
Marks and Spencer to close 11 French stores
Marks and Spencer (M&S) has announced the closure of all 11 franchise stores with partner SFH in France over the coming months, which it has attributed to the impact of Brexit on its supply of fresh and chilled food. However, M&S added that the nine franchise stores with partner Lagardere…
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Aug- 2021 -26 AugustClothing & Shoes
Frasers to open new Flannels store in Livingston
The Frasers Group will open a new Flannels store at the Centre shopping centre in Livingston, after committing to take 17,500 sq ft of space with a trading space of 11,000 sq ft across two floors. The Centre, is a c.856,000 sq ft, 160-unit shopping centre in the Scottish town…
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20 AugustSupermarkets
M&S ups full-year guidance as revenues rise 10%
Marks and Spencer has seen an upturn in its profit outlook during the 19 weeks up to 14 August, and now predicts an adjusted profit before tax for the year to be above the upper end of previous guidance of £300-350m. The retailer said it comes as food revenues increased…
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2 AugustLuxury Goods
Hermes H1 net income reaches £1bn
Women’s bags and clutches retailer Hermes saw net income soar to €1.17bn (£999m) during the first half of FY21, up from €335m (£286m) the previous year. The group also reported a 70.2% year-on-year spike in revenues to €4.24bn (£3.62bn) during the period. Net income for the half year represented 27.7%…
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Jul- 2021 -16 JulyHigh Street
Eve Sleep revenue rises 13% in H1
Eve Sleep has announced that for the six months ended 30 June 2021, group revenue increased 13% to £13.9m, up from £12.2m the previous year. The growth was primarily seen through its online sales, with a “softer” performance from retail partners, reflecting lockdown restrictions over the first quarter as well…
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13 JulyFeatures
Amazon got caught, but waste management is an issue for all
June saw an ITV News investigative team release footage that alleged Amazon has been destroying millions of unsold items every year at its Dunfermline fulfilment centre. A leaked document found that one week alone in April led to 124,000 items being marked “destroy” at the warehouse, begging the wider questions…
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5 JulyDIY
Hema to close its six UK stores
Dutch homeware retailer Hema has announced it has decided to close all six of its UK stores and exit the market in order to “place a stronger focus on its core markets”. The retailer, which first entered the UK in 2014, said it will close all six of its shops…
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1 JulyClothing & Shoes
Gap to close all UK and Ireland stores
Gap has announced plans to close all 81 of its UK and Ireland stores following a strategic review of its European business. The move comes as a part of the group’s 2023 power plan, which commenced with a strategic review of Gap’s European operations last year. While the closures will…
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Jun- 2021 -28 JuneSport & Leisure
JD Sports snaps up Spanish online retailer
JD Sports had agreed to acquire Deporvillage, a Spanish online retailer focussing on the sale of specialist sports equipment, for €140.4m (£120.4m). The group’s 50.02% intermediate holding company in Spain, entered into a conditional agreement to acquire 80% of the issued shares in Deporvillage SL. Based in Manresa in Catalonia,…
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15 JuneDIY
Ikea France fined €1m for staff privacy breaches
Ikea France has been fined €1m (£862,101) after its former CEO, Jean-Louis Baillot, was found guilty of collecting private data on some 400 staff, according to the BBC. As a result of being found guilty by a French Court, Baillot was sentenced to a two-year suspended jail term and €50,000…
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