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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May- 2024 -21 MayNews
Today’s news in brief-21/5/24
Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths are diverging. This acquisition excludes Cooplands bakery, certain Starbucks outlets, and EG’s electric vehicle charging business, Evpoint, with the deal expected to conclude by late June. Additionally, Zuber Issa is…
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21 MayDIY
B&Q owner holds guidance as UK&I outperforms European arms
Kingfisher has announced that it will be maintaining its profit guidance after Q1 sales at B&Q in the UK and Ireland offset its weaker performance at its groups in France and Poland. During the period to 30 April, sales rose 0.3% to £3.3bn. However, sales declined 0.9% on a like-for-like…
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8 MayNews
Frasers Group launches new digital infrastructure to enhance operations
Frasers Group has announced it is investing in enhancing its digital infrastructure to improve its retail operations and ecommerce experience across its sports, premium and luxury brands. The retailer is teaming up with industry-leading partners including digital product developer ‘And Digital’, innovation experience specialist Valtech, and tech agency Lab Digital…
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7 MayNews
Zalando revenues hit €2.2bn in Q1
Zalando has seen revenues increase to €2.2bn (£1.8bn) for the first quarter of 2024. Adjusted earnings before interest and tax (adjusted EBIT) rose to €28.3m (£24.2m), in line with market expectations and representing a margin of 1.3%, compared to – €0.7m (£0.6m) in the prior-year period. Gross merchandise volume (GMV)…
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2 MayNews
Retail bosses lose confidence in tax-free shopping return
Retail bosses have reportedly warned the government that the decision not to restore tax-free shopping for international tourists will have a knock-on effect on other industries, according to The Times. Janine Constantin-Russell, boss of the outlet shopping centre at the O2 Arena, has accused the government of not paying attention…
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Apr- 2024 -22 AprilAdvice
Evolving brand and retailer partnerships in a mobile-first world
In today’s digitally-driven retail landscape where consumer expectations and behaviours constantly evolve, the onus is on brands to keep pace with marketplace shifts. So, when a major brand reassesses its way of doing business, it’s worth taking note. Adidas, the global sportswear brand, has recently done just that, sharing with…
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Mar- 2024 -25 MarchNews
Today’s news in brief-25/3/24
Former UK Chancellor Nadhim Zahawi is reportedly in discussions with online retailer The Very Group regarding the role of its new chair. While talks are ongoing, Zahawi’s potential appointment could signal a shift in leadership dynamics within the company, following the departure of its previous chair, Dirk Van den Berghe.…
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25 MarchDIY
Kingfisher profits drop amid poor international performance
Kingfisher has seen its pre-tax profits drop 25% to £568m for the year ended 31 January, down from £758m the year prior. The company has put this drop down to poor international sales specifically in France and Poland. As a result, the company is now predicting full year profits of…
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20 MarchComment
How can the physical retail sector win its battle to survive?
It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17% increase in company insolvencies compared to this month last year, with the retail sector particularly badly hit. With the closure of many Body Shop stores already confirmed this year, and…
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7 MarchEconomy
Budget will ‘do nothing to turbocharge investment’, says BRC
The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth in communities”. This comes after Chancellor Jeremy Hunt revealed his Spring Budget without many big giveaways for retail businesses. Hunt resisted calls from business leaders to reduce business rates, reintroduce…
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