Italy
This coverage focuses on UK retailers’ activities and strategies relating to the Italian market, including store openings, partnerships, consumer trends, and market entry or expansion efforts. Reporting examines how businesses adapt operations to Italy’s retail landscape — providing insight for executives, managers, and professionals overseeing international growth and cross-border retail strategy.
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Apr- 2021 -26 AprilHigh Street
Poundland owner confirms Polish IPO
Poundland owner, Pepco Group, has confirmed plans to go ahead with a listing on the Polish stock market that could value the company at around £3.9bn. The firm, which operates the Pepco and Dealz brands in Europe, had planned to go public in 2020 with a dual listing in London…
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22 AprilClothing & Shoes
Brunello Cucinelli Q1 revenues rise 5.1%
Brunello Cucinelli, the luxury fashion brand, saw its revenue for the first quarter of FY21 grow 5.1% year-on-year at current exchange rates to £143m. The group attributed the performance to a 28.9% spike in its Asia revenues, while Europe also grew 3.9% when compared to the three months to 31…
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Feb- 2021 -24 FebruaryClothing & Shoes
Gap battles landlords in bid to shutter stores
Gap is reportedly battling its landlords ahead of plans to “hand back the keys” to all its UK stores this July, according to the Times. The group first announced it was considering the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2…
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23 FebruaryClothing & Shoes
Moncler EBIT falls 25% in FY20
Moncler has announced its EBIT fell by 25% to €368.8m (£318m) for the financial year ended 31 December 2020, down from €491.8m (£424m) the prior year. The retailer also saw an 11% decline for its consolidated revenues to €1.4bn (£1.2bn), down from €1.62bn (£1.39bn) the previous year. Net income dropped…
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22 FebruarySupermarkets
Poundland owner to open 400 new stores despite dent to profits
Poundland owner the Pepco Group has announced plans to open 400 stores this year despite posting a drop in profits from €331 (£285m) to €229m (£198.2m) due to the impact of Covid-19. The group said the results for the 52-week period ending 30 September 2020 is primarily related to temporary…
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Jan- 2021 -22 JanuaryPeople Moves
EG Group appoints Lord Stuart Rose as chair
The Issa Brothers’ EG Group has announced the appointment of Lord Stuart Rose as non-executive chairman with immediate effect. Lord Rose is currently chairman of Ocado plc, a post from which he will retire in May after more than eight years as chair. He previously served as chief executive and…
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18 JanuaryClothing & Shoes
Uniqlo reports 7.2% revenue decline
Fast Retailing, the parent company of Uniqlo, has revealed the high street fashion brand’s year-on-year revenue for the quarter ended 30 November 2020 fell by 7.2%. A large profit rise in Asia alongside steady e-commerce expansion did result in a £295m (9.5%) Q1 2021 increase to the firm’s global operating…
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Dec- 2020 -8 DecemberClothing & Shoes
Moncler acquires Stone Island
Luxury fashion brand Moncler has announced the acquisition of Italian brand Stone Island for an undisclosed sum. The transaction will see the two brands work together to strengthen their ability to “interpret the evolving cultural codes” of new generations, while reportedly reinforcing their positioning within the luxury segment. Moncler will…
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Oct- 2020 -23 OctoberClothing & Shoes
Gap considers closure of all European stores
Gap has launched a strategic review for its European business that may result in the possible closures of company-operated stores in the UK, France, Ireland and Italy at the end of Q2 2021. In addition, it is reviewing its warehouse and distribution model, as well as its Gap and Banana…
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Sep- 2020 -4 SeptemberPeople Moves
Ebay UK announces new general manager
Ebay has announced that Murray Lambell will lead its UK business as general manager (GM). Lambell has been promoted from his position as vice president of UK trading, where he was responsible for all of Ebay UK’s business to consumer and sales and operations activities. He replaces Rob Hattrell in…
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