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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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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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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