Poland
This coverage examines the connections between Poland and the UK retail industry, focusing on supply chain relationships, sourcing strategies, market expansion by UK retailers into Poland, and the role of Polish economic and consumer trends in shaping retail decisions. Reporting is tailored for professionals managing cross-border operations, procurement, and international strategy.
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May- 2023 -3 MayElectrical
Dyson seeks permission for £100m research centre in Bristol
Dyson plans to invest £100m in a new research and development building opposite Castle Park, close to Bristol Bridge, which would be home to hundreds of software and artificial intelligence engineers, the BBC has reported. According to the engineering giant, it chose Bristol for its plans for the city’s reputation…
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Dec- 2022 -14 DecemberClothing & Shoes
Shein considers becoming online marketplace
Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly to customers, according to a memo seen by The Wall Street Journal. The move would see the online retailer expand its business beyond selling its own brand apparel. According to…
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9 DecemberClothing & Shoes
Primark to open 10 stores before Christmas
Primark’s parent company Associated British Foods (ABF) has announced that it is set to open 10 new stores before Christmas. As part of its trading update ahead of its AGM, ABF stated that Primark’s trading had been “encouraging” with the retailer set to open 27 new stores in the current…
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Nov- 2022 -24 NovemberDIY
Kingfisher lowers upper end of FY guidance
Home improvement retailer Kingfisher has lowered its upper guidance for its FY 22/23 pre-tax profit range despite seeing an increase in sales for the three months to October 31. The B&Q owner said it now expects its FY adjusted pre-tax profits to come in between £730m to £760m. However, overall…
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Oct- 2022 -12 OctoberHigh Street
Poundland owner sees revenues rise 17.4% in FY22
Pepco Group, the parent company of Poundland, has revealed an increase in the group’s full year revenues of 17.4% on a constant currency basis to €4.8bn (£4.2bn) for the financial year ending 30 September 2022. Poundland experienced a “strong” like-for-like full-year growth of 5.2%, as the discount goods brand increased…
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May- 2022 -23 MayDIY
Kingfisher sales drop despite supply pressures easing
Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although this is up 16.2% from pre-pandemic levels as inflationary and supply chain pressures have eased. In the UK and Ireland, total sales fell 14.1% in Q1, but increased 16.7% on…
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16 MayDIY
Screwfix to open 80 new stores
Kingfisher-owned Screwix is set to open 80 new stores by the start of next year, creating around 800 new retail jobs. Boosted by the home-improvement surge during the pandemic lockdowns, the retailer revealed it has seen sustained demand from tradespeople and is set to expand its presence in the UK…
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3 MayFeatures
Missguided: what went wrong?
As the face of online shopping for young women around the world, Missguided has faced its fair share of troubles despite its ever-present popularity within the fast fashion industry. Now the company is eyeing potential buyers, it puts into question the future of the business. Since its launch in March…
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Mar- 2022 -22 MarchDIY
Kingfisher hails ‘record’ year as profits surge 20.9%
Kingfisher has reported “record” revenue and profits for the year ending 31 January 2022 as adjusted pre-tax profits surged 20.9% year-on-year from £786m to £949m, reflecting higher retail profit and lower net finance costs. Total sales are up 9.9% to £13.18bn compared to £12.34m last year, and operating profit increased…
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8 MarchClothing & Shoes
Uniqlo owner defends decision to keep operating in Russia
The CEO of Fast Retailing, the parent company of fashion brand Uniqlo, has defended the company’s decision to continue operating in Russia claiming “clothing is a necessity of life”. In a statement first published by Nikkei and reported by Bloomberg, Tadashi Yanai said: “Clothing is a necessity of life. The…
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