Spain

Søstrene Grene to open 500 stores amid ‘record’ trading

Danish homewares brand Søstrene Grene is set to expand into Italy and Poland in 2026, as it plans to operate 500 stores by 2027. The news comes on the heels of the group’s strong trading across the UK and wider European markets.  According to Søstrene Grene, it expects to deliver…

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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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Primark UK sales fall 4% in H1 as US and Europe boost growth

Primark’s sales grew by 1% to £4.47bn in the first half of the year, with adjusted operating profit up 8% to £540m, as weaker UK and Ireland sales were offset by growth across the US and Europe. In both the UK and Ireland, sales fell by 4% despite good like-for-like…

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Today’s news in brief-28/3/25

WHSmith has agreed to sell its high street retail arm to Modella Capital in a £76m deal, marking a significant shift for the historic brand. The acquisition includes around 480 stores across the UK, which will be rebranded as TGJones. WHSmith will retain its travel and international operations, including stores…

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Decathlon appoints new CEO

Decathlon has announced the appointment of Javier López as the new chief executive officer. With 26 years of experience at the sporting goods retailer, López has held numerous positions within the company, in digital, logistics and retail.  Most recently, he headed Decathlon Germany from 2012 to 2015, then served as…

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Today’s news in brief-11/3/25

Boohoo has rebranded as Debenhams Group following its acquisition of the high street department store in 2021, which it relaunched as an online-only business. The rebrand comes amid challenges for Boohoo’s youth-focused brands, including Boohoo, PrettyLittleThing, and MAN, which have required heavy discounting. The group reported a 16% revenue drop…

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Mango turnover tops €3.3bn in 2024 amid record investment

Mango has hailed its “excellent” full-year results after turnover rose by 7.6% to €3.3bn (£2.8bn) in 2024, while net profit soared by 27% to €219m (£184m), in what the group has called the “best moment of its history” amid record investment. Over the period, full-year EBITDA rose by 19% to…

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Temu earns high marks from top German consumer watchdog

Temu, the online marketplace, has received strong endorsements for its quality, data security, and customer-friendly returns in a recent evaluation conducted by Stiftung Warentest, Germany’s leading consumer testing organisation. Stiftung Warentest, known for its rigorous and impartial assessments, awarded Temu a “good” rating for its data handling and shopping experience.…

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Today’s news in brief-23/1/25

Primark has revised its sales forecast for 2025 downwards following a challenging autumn trading period in the UK and Ireland. The company reported a 6% decline in like-for-like sales in these regions, largely attributed to cautious consumer sentiment and mild weather affecting seasonal clothing purchases. Despite a modest recovery during…

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Primark lowers FY guidance amid weak UK autumn trading

Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over the autumn period.  In the UK and Ireland, which accounted for 45% of trading, like-for-like sales fell by 6% in the 16 weeks to 4 January 2025. In the UK…

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