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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Sep- 2021 -22 SeptemberSupply Chain
Yoox Net-A-Porter doubles global inventory capacity
Yoox Net-A-Porter has opened a new single hub in Italy that will help to serve all of its Net-A-Porter and Mr Porter’s global customer base, doubling the stores’ existing inventory capacity. Located in Landriano, near Milan, Yoox Net-A-Porter said the new €47m (£40m) distribution centre represents one of its “most…
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8 SeptemberEconomy
UK shoppers buying internationally drops 14%
The proportion of UK shoppers buying internationally reportedly dropped 14% to just over one in 10 (31%) in 2021. According to research conducted by Sendcloud, a shipping platform for e-commerce businesses, 56% of EU consumers claimed to shop internationally, a fall of just 5% from 2020. The group’s annual e-commerce…
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Jul- 2021 -1 JulyClothing & Shoes
Gap to close all UK and Ireland stores
Gap has announced plans to close all 81 of its UK and Ireland stores following a strategic review of its European business. The move comes as a part of the group’s 2023 power plan, which commenced with a strategic review of Gap’s European operations last year. While the closures will…
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Jun- 2021 -28 JuneSport & Leisure
JD Sports snaps up Spanish online retailer
JD Sports had agreed to acquire Deporvillage, a Spanish online retailer focussing on the sale of specialist sports equipment, for €140.4m (£120.4m). The group’s 50.02% intermediate holding company in Spain, entered into a conditional agreement to acquire 80% of the issued shares in Deporvillage SL. Based in Manresa in Catalonia,…
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28 JuneClothing & Shoes
Burberry CEO to step down
Burberry has announced that Marco Gobbetti will step down as CEO and leave the company after nearly five years at the helm. The board will now begin the search for his successor and anticipate that Gobbetti will remain with the retailer until the end of the calendar year. In that…
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9 JuneClothing & Shoes
Gap to step away from 19 UK sites
Gap is set to close 19 of its stores across the UK and Ireland as their leases expire on 31 July 2021. The US clothing and accessories retailer confirmed that is stepping away from the sites as part of a strategic review of its operations, which commenced last Autumn. While…
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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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