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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Nov- 2024 -26 NovemberAdvice
Reinventing loyalty: Josh Graham’s vision for mobile-driven retail
Josh Graham, co-founder and chief marketing officer of Airtime Rewards, reflects on a journey that began in the aisles of an independent menswear store and now sees him at the forefront of mobile-driven retail innovation. With nearly a decade of Airtime Rewards behind him, Graham is helping redefine how retailers…
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26 NovemberM&A
Secret Sales expands European presence with Afound acquisition
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has acquired H&M Group’s digital fashion outlet, Afound. The company said the move solidifies its position in European off-price retail, establishing operations across 10 countries including Sweden, Denmark, Norway, Finland, Germany, The Netherlands, Belgium, Ireland, Spain and the…
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19 NovemberNews-In-Brief
Today’s news in brief-19/11/24
Morrisons has achieved a significant reduction in its debt, cutting it by £2.4bn as part of a major restructuring. Since the start of 2023, the supermarket’s debt has dropped from £6.2bn to £3.8bn, supported by a £370m ground rent deal with Song Capital. The restructuring extended Term Loan Facilities to…
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19 NovemberHealth & Beauty
Revolution Beauty profits rise to £3.9m despite 20% drop in sales
Revolution Beauty has reported an 18% rise in adjusted EBITDA to £3.9m for the six months ended 31 August 2024, despite a 20% drop in sales from £90.4m to £72.4m. The decline in group revenues were driven by the planned simplification of the product portfolio and the discontinuation of unproductive…
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6 NovemberNews-In-Brief
Today’s news in brief-6/11/24
Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28 September 2024. Revenue increased by 5.7% to £6.48bn, attributed to the company’s “Reshape M&S for Growth” strategy. Food sales grew 8.1%, while Clothing and Home sales rose by 4.7%. Despite…
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6 NovemberClothing & Shoes
Hugo Boss sales remain flat in Q3
Hugo Boss reported flat sales to €1.02bn (£833m) in Q3 2024 despite ongoing macroeconomic and geopolitical uncertainties. In light of the slowdown in sales, the group’s operating profit declined 7% with EBIT amounting to €95m (£79m) in the third quarter. Over the first nine months of 2024, currency-adjusted group sales…
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6 NovemberComment
How detrimental has Brexit been for UK retail?
Brexit. The term alone conjures layers of complexity for UK retailers as they try to adjust to the changing tides of regulations, consumer behaviours, and economic challenges. Retail is a dynamic industry, historically resilient but now forced to adapt faster than ever. In an engaging conversation, Alexander Otto and Richard…
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1 NovemberComment
From side hustle to global costume leader – The story of Fraser Smeaton’s costume empire
In 2009, Fraser Smeaton, CEO and co-founder of MorphCostumes, saw an unusual potential in what seemed like an ordinary moment. While walking the streets of Dublin with a friend sporting a bright blue spandex suit, he noticed that people couldn’t help but stop and stare, with many even approaching to…
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Oct- 2024 -9 OctoberSport & Leisure
Angling Direct revenues rise to £45.8m
Angling Direct, the fishing equipment retailer, has announced a 5.6% increase in revenues to £45.8m for the six months ended 31 July 2024. The group’s store sales were up 8.4% to £26.4m, while its online sales rose 2.8% to £17.0m. Like-for-like store sales also increased by 1.8% underpinned by improved…
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Aug- 2024 -2 AugustClothing & Shoes
Hugo Boss sees profits and revenues fall in Q2
Hugo Boss has reported a 42% drop in operating profit (EBIT) to €70m (£59m) in Q2 2024 due to lower revenues in the three month period as well as higher operating expenses. Its sales also dropped by 1% to €1.01bn (£858.5m) and EBIT margin decreased by 490 basis points to…
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