Greece
This coverage examines Greece’s retail landscape and its influence on the UK market. Stay informed on how Greek retail trends, consumer behaviour, and new store openings impact UK-based brands and retailers expanding into Greece. Tailored for UK retail professionals, our reporting provides insights into cross-market strategies, international growth opportunities, and the evolving retail dynamics in both regions.
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Apr- 2025 -29 AprilNews-In-Brief
Today’s news in brief-29/4/25
Primark reported a 1% rise in sales to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m. However, UK and Ireland sales fell by 4% due to cautious consumer spending and mild autumn weather affecting seasonal purchases. The retailer’s market share in the…
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29 AprilOnline & Digital
Vinted profits triple in FY24 as revenues soar 36%
Vinted Group has seen its profits triple in FY24, as net profit soared by 330% to €76.7m (£65.1m), while revenues rocketed 36% to €813.4m (£690.5m) during the financial year. The group also significantly strengthened its financial position, reporting adjusted EBITDA of €158.9m (£134.9m), compared with €76.6m (£65m) the prior year. …
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Oct- 2024 -14 OctoberComment
Why American Golf put its people at the centre of its retail ‘reset’
In the world of retail, few professionals can claim the breadth of experience and transformative leadership that Elaine Wrigley has garnered over nearly four decades in the industry. With roles spanning everything from fashion to food, DIY to outdoor retail, and now her current position in golf retail, Wrigley has…
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Jun- 2024 -11 JuneClothing & Shoes
White Stuff to launch wholesale arm in the US
White Stuff will be officially launching in the US this summer as part of its international expansion plans to double the size of its wholesale business over the next four years. The fashion retailer’s entrance into the US will be through several wholesale partners in Illinois, Indiana, Michigan, Iowa, Wisconsin…
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Feb- 2024 -20 FebruaryElectrical
Currys shares soar 36% amid takeover interest
Currys shares soared 36% to 64.9p on Monday after it was revealed that Chinese e-commerce company JD.com has joined the potential list of suitors looking to acquire the retailer. The bid currently faces competition from US Investment Group Elliott, owner of Waterstones, which recently made a £700m preliminary offer for…
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Jan- 2024 -18 JanuaryNews
Today’s news in brief-18/1/24
Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure, she strengthened brands like Argos, Habitat, and Tu. Sainsbury’s also announced a focused restructuring of its Operating Board. Graham Biggart will assume commercial responsibility for General Merchandise and Clothing, with…
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18 JanuaryElectrical
Currys profits to exceed expectations despite revenue dip
Currys expects full-year profits to be above expectations despite UK&I revenues dipping 3% during the 10 weeks ended 6 January. During the quarter, the electronics retailer also recorded a 6% drop in like-for-like sales in the Nordic region and a 4% drop in Greece. Despite this, the company said it…
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Oct- 2023 -11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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11 OctoberFeatures
How much is the ‘tourist tax’ harming retailers
The Centre for Economics and Business Research has calculated that the “tourist tax” is costing the UK £10.7bn in lost GDP and deterring two million tourists from visiting the country per year. The report from the Centre for Economics and Business Research (CEBR) claims that the additional revenue generated by…
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11 OctoberNews
Currys to consider offers for Greek business
Currys has announced that it is weighing up offers for its Greek business Kotsovolos after commencing a strategic review in June. The tech retailer said it has been approached by “several potential buyers” but it is not sure whether the sale will go ahead yet. Kotsovolos started as a small…
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