Germany
This coverage explores UK retailers’ strategies and activities in the German market, focusing on store openings, partnerships, consumer trends, and market entry or expansion plans. Reporting highlights how businesses adapt to Germany’s retail landscape and regulatory environment — providing insight for executives, managers, and professionals overseeing international growth and operations.
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Mar- 2022 -7 MarchNews
TK Maxx cuts ties with Russia
TK Maxx has announced it has taken “meaningful” business actions to cut ties with Russia. The announcement comes in addition to supporting its associates and the ongoing humanitarian relief efforts. Consistent with the firm’s corporate values, it said it is “committed” to divest its minority investment in Familia, a Russian…
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Feb- 2022 -22 FebruarySport & Leisure
Angling Direct ups guidance following year of strong sales
Angling Direct has upped its full-year guidance following a full year of strong trading, expecting to report a 7.2% increase in revenue for FY22 to £72.5m, against FY21 sales of £67.6m, representing a 36.3% increase on a two-year basis. The group said this “strong performance” was achieved despite all of…
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16 FebruaryClothing & Shoes
Reiss to widen online offering through Next Total Platform
Reiss is set to launch a new, revamped website through Next Total Platform, which will enable a host of service upgrades for its online customers. The site is set to launch tomorrow (17 February) and the brand said the site’s look and feel will “remain true to Reiss’ distinctive aesthetic”. …
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7 FebruaryClothing & Shoes
Abercrombie & Fitch’s Gilly Hicks to debut its first UK store
Shaftesbury has announced the opening of Gilly Hicks’ first UK standalone store on 39 Carnaby Street, which is set to open in spring. Gilly Hicks is a brand in the Abercrombie and Fitch Co. portfolio that offers underwear, loungewear and activewear, and the announcement comes as the company is reintroducing…
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Jan- 2022 -28 JanuaryClothing & Shoes
Adidas set to hire 2,800 new employees in 2022
Adidas has announced plans to hire 2,800 new employees this year at 307 of its locations in 47 countries. The majority of the new employees, more than 900 people, will be deployed in the Adidas retail stores. Adidas is also filling more than 500 positions in the areas of digital,…
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27 JanuaryOnline & Digital
AO to review German business following revenue hit
AO has launched a strategic review of its German business after it was hit by supply chain issues and rising marketing costs. It comes as group revenue fell by 14% in the quarter ended 31 December on a one-year basis, reporting a rise of 45% on a two-year basis. Its…
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25 JanuaryHigh Street
Gorillas enters discussion for international expansion
Gorillas, the on-demand delivery company, has entered into an exclusive discussion to acquire the French delivery firm Frichti, to allow for “immediate” access to curated, fresh and local products. Founded in 2015, Frichti has become a “national leader” in instant food and grocery delivery in France. It delivers fresh groceries,…
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21 JanuaryLuxury Goods
Hugo Boss hails 51% rise in sales amid ‘record’ quarter
Hugo Boss has reported its revenues increased year-on-year by 51% to €906m (£757m) in the fourth-quarter (Q4) of 2021, with sales up 55%. The revenue is a 12% increase from pre-pandemic levels, making Q4 FY21 “the most successful one in Hugo Boss’ history”. The company’s pre-tax profits for the full…
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Dec- 2021 -10 DecemberClothing & Shoes
Primark trading ‘ahead of expectations’ despite supply issues
Associated British Foods (ABF), the owners of Primark, has revealed that trading for the year to date is set to be “ahead of expectations”, despite recent disruptions across its supply chain. The retailer has reported improved like-for-like sales compared with the fourth quarter of the last financial year, but still…
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7 DecemberDepartment Stores
Harrods launches new partnership with Klarna
Luxury retailer Harrods has announced a new partnership with Klarna, a global retail bank, in a bid to offer customers more “flexible” and “convenient” payment options. Harrods UK will allow shoppers to use Klarna’s Pay in three payment options for beauty purchases in Harrods Beauty Hall, as well as across…
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