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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Nov- 2019 -7 NovemberComment
Sustainability Consumerism: How retailers are on the front line
We live in febrile times, and for once we are not talking about Brexit. Within the last year we have seen a global backlash against disposable plastics and mounting concern over climate change. Anxiety about deforestation, and especially the uncontrolled spread of industrial scale farming and ranching, also made the…
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5 NovemberClothing & Shoes
Primark profits top £900m in 2019
Fashion retailer Primark has reported an 8% increase in operating profits to £913m, for the year ended 14 September 2019. The fashion chain also saw a 4.2% increase in year-on-year sales to £7.79b, and Primark’s owner ABF hailed the year of “resilient performance” from the high street retailer. Despite like-for-like…
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Sep- 2019 -30 SeptemberComment
The benefits of the secondary market
In June, the French prime minister announced a new law that looks to ban the destruction of unsold products. The legislation, which directly tackles the €650m (£576m) worth of new consumer products that are binned or destroyed every year in France, will go into effect within the next four years.…
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18 SeptemberHigh Street
Kingfisher sales slip in H1 results
DIY retailer Kingfisher has reported a 0.9% decrease in total sales for the six months ended 31 July 2019. Retail profit was down 4.4% in constant currency, which it said was “largely driven” by its French operations, and statutory pre-tax profit dropped by 12.5%, after exceptional items. B&Q’s total sales…
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Aug- 2019 -13 AugustHigh Street
Dr Martens profits soar in full-year results
Profits and sales at footwear retailer Dr Martens continued to rise last year, EBITDA for the period soared by 70% to £85m for the year ending 31 March. Group revenue increased by 30% to £454.4m, as the company focused on direct to consumer (DTC) channels, which now accounts for 44%…
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1 AugustOnline & Digital
Zalando raises profit forecast amid ‘strongest ever’ Q2
Online retailer Zalando has raised its profit outlook for the second half of the year after it recorded its “strongest ever” Q2 for active customer growth. The company revealed its number of active customers “grew significantly” by 3.7 million (15.2%) year-over-year to 28.3 million across its 17 European markets. In…
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Jul- 2019 -29 JulyShopping Centres
Hammerson reports £319.8m loss
Shopping centre owner Hammerson has reported a £319.8m loss during the first six months of the year ending 30 June. Hammerson, which owns shopping centres such as London’s Brent Cross and Birmingham’s Bullring, revealed on an adjusted basis profits were down 10.5% to £107.3m. The company also reported a 6.8%…
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24 JulyHigh Street
B&M revenues surge during first quarter
Discount retailer B&M has posted a revenue growth of 13.8 in Q1. Revenue relating to the period from 31 March 2019 to 29 June 2019 was £738.9m, compared with £649.2m for the same period last year. Group revenue, which includes brands Heron Foods, Jawoll and Babou increased by 21.4% to…
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12 JulyOnline & Digital
Government to go ahead with UK digital services tax
The UK government has announced plans to go ahead with a digital services tax aimed at large tech companies such as Amazon, Facebook and Google. The news comes on the same day that the US government threatened to impose tariffs on France over a similar tax levy. The 2% tax,…
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5 JulyClothing & Shoes
Zalando announces plans to build fulfillment center
Zalando has announced it is to build a new £180m fulfillment center in an existing business park near Rotterdam to help cater for its western European customers. The expansion of its logistics network forms part of Zalando’s 2023/24 growth target and aims to expands its customer proposition for customers in…
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