Romania
This coverage analyses Romania’s evolving role in UK retail supply chains, trade relations, and sourcing strategies. Reporting includes insights into Romania’s emergence as a nearshoring hub within the EU, offering cost-effective manufacturing and logistics solutions for UK retailers seeking to mitigate post-Brexit trade frictions. Analysis also covers bilateral trade dynamics, with total trade between the UK and Romania reaching £9.9bn in 2024, reflecting a 5.1% increase from the previous year. This information supports retail executives, supply chain managers, and strategic planners in navigating the complexities of UK-Romania retail interactions.
-
Sep- 2024 -5 SeptemberClothing & Shoes
Primark UK sales drop amid weak footfall and bad weather
Primark’s parent company, Associated British Foods (ABF), expects like-for-like sales for Primark UK to fall by around 2% in the second half of the year, with total sales to be around 0.5% lower. This follows a like-for-like decline of 0.6% in the third quarter, which is projected to drop further…
Read More » -
May- 2024 -29 MayNews
Today’s news in brief-29/5/24
Retail sales in the UK have seen their fastest growth since December 2022, according to the CBI Distributive Trades Survey. Sales volumes jumped by 8% in May, even as selling price inflation eased significantly to its lowest since August 2020, falling from 54% in February to 20%. Despite this improvement,…
Read More » -
29 MayClothing & Shoes
Primark enters 17th market with new Budapest store
Primark has officially entered its 17th market with the opening of a store in Hungary’s capital Budapest. The move comes after the fashion retailer invested more than €8m (£6.8m) as part of its growth plans in Central and Eastern Europe. Primark’s Budapest store, which spans over 33,900 sq ft of…
Read More » -
Feb- 2024 -23 FebruaryClothing & Shoes
Zara owner expands budget brand Lefties in bid to rival Shein
Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast fashion rivals such as Shein. According to Reuters, the company is “quietly growing” its budget ranges as part of this strategy, including the expansion of Lefties, which sells €17.99 (£15)…
Read More » -
Nov- 2023 -29 NovemberNews
Today’s news in brief-29/11/23
José Neves, the owner of luxury fashion site Farfetch, is reportedly in talks to take the company private, just five years after its IPO on the New York Stock Exchange. Farfetch has seen over 90% of its value wiped out since its listing in 2018. Neves, who holds a 15%…
Read More » -
29 NovemberClothing & Shoes
Canada Goose acquires knitwear manufacturer Paola Confectii
Canada Goose has recently announced the acquisition of the operating assets of Paola Confectii Manufacturing for an undisclosed sum. Building upon its existing network of seven facilities across Canada, the acquisition marks the company’s first European facility, and supports its strategic growth plan, specifically expanding existing categories and increasing year-round…
Read More » -
Dec- 2022 -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…
Read More » -
May- 2022 -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…
Read More » -
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…
Read More » -
Feb- 2022 -17 FebruaryPeople Moves
Kingfisher announces leadership shakeup
Kingfisher plc has announced a number of senior management changes to strengthen its group executive team and support the delivery of the group’s strategy. Sebastien Krysiak, currently chief executive officer (CEO) of Castorama Poland, has been appointed to the new role of chief commercial officer, with effect from 4 April.…
Read More »
- 1
- 2