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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Jun- 2021 -9 JuneClothing & Shoes
Gap to step away from 19 UK sites
Gap is set to close 19 of its stores across the UK and Ireland as their leases expire on 31 July 2021. The US clothing and accessories retailer confirmed that is stepping away from the sites as part of a strategic review of its operations, which commenced last Autumn. While…
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May- 2021 -20 MayDIY
Kingfisher raises guidance as Q1 sales soar 60%
Kingfisher has increased its profit forecast for the year after total sales for the first quarter of 2021 came to £3.44bn, resulting in a 60% year-on-year increase. The B&Q parent company saw like-for-like sales grow by 64.2% over the period compared to last year and posted a 22.5% rise when…
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19 MayHigh Street
Simba reports ‘record’ start to the year
Simba, the London-based sleep technology business launched in 2016, has reported its highest ever Q1 sales and profits. It revealed Q1 2021 sales jumped by 295% YOY in the UK, as consumers continued to “invest heavily in their sleep”. The sleep technology firm also witnessed a 265% YOY leap in…
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12 MaySport & Leisure
Angling Direct FY21 revenues soar 27.1%
Angling Direct, the fishing tackle and equipment retailer, saw group revenue spike 27.1% year-on-year to £67.6m in FY21. The firm’s gross profit rose 39.5% from £16.6m in FY20 to £23.1m this year, as its EBITDA climbed £5m to £5.7m for the 12 months to 31 January 2021. Online sales at…
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Apr- 2021 -23 AprilPeople Moves
Hammerson names new chief development and repositioning officer
Hammerson has announced that Harry Badham has been appointed to the role of chief development and asset repositioning officer. Badham joins from AXA IM Alts where he was UK head of development. During his time here he led £3.5bn of “major” investment, development and repositioning projects from start to completion…
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15 AprilSupermarkets
Tesco adds independent non-executive directors to board
Tesco has announced that Thierry Garnier and Bertrand Bodson will join the board as independent non-executive directors with effect from 30 April and 1 June 2021, respectively. In addition, from those dates, Garnier will also join the remuneration committee whilst Bodson will join the corporate responsibility committee. Garnier has been…
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Mar- 2021 -22 MarchDepartment Stores
Former Ikea execs face prison over espionage allegations
Ikea is appearing in court for allegedly spying on its customers and employees, as two of the group’s former chief executives face up to 10 years in prison. The group’s French subsidiary could receive fines of up to £3.2m after being accused of paying for illegal access to police files.…
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Feb- 2021 -24 FebruarySport & Leisure
Angling Direct sees revenue soar by 27%
Fishing tackle and equipment retailer Angling Direct is expecting to report a 27% increase in revenue to £67.6m for the financial year which ended 31 January, ahead of announcing its final results on 11 May 2021. In a trading update, the retailer reported a strong performance from its online store…
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24 FebruaryClothing & Shoes
Gap battles landlords in bid to shutter stores
Gap is reportedly battling its landlords ahead of plans to “hand back the keys” to all its UK stores this July, according to the Times. The group first announced it was considering the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2…
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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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