Store Estate
This coverage examines UK retailers’ store estate strategies, including site selection, portfolio optimisation, leasing decisions, openings, closures, and location analytics. Reporting highlights how businesses shape physical footprints to balance cost efficiency, customer accessibility, and market growth — offering insight for executives, real estate managers, and operations professionals responsible for retail property planning.
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Nov- 2021 -29 NovemberSupermarkets
Lidl GB appoints new CEO
Lidl GB has announced the promotion of Ryan McDonnell as its newest CEO with effect 1 February 2022. He replaces Christian Härtnagel who will be moving to the role of CEO at Lidl Germany on 1 March 2022. Härtnagel has been CEO of the UK group for more than five…
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29 NovemberSupermarkets
McColl’s to convert 450 sites to Morrisons Daily format within 12 months
McColl’s has announced it has agreed a deal with Morrisons to extend the number of Morrisons Daily converted stores from 350 to 450 stores over the next year. The group said it expects to complete all 450 conversions by the end of November 2022, compared to its previous target of…
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8 NovemberHigh Street
Cake Box sees H1 profits rise to £3.7m
Dessert specialist Cake Box has revealed that pre-tax profits rose to £3.7m from £1.66m for the six month period ending 30 September 2021. Revenue grew to £16.47m from £8.59m and was boosted by the opening of 20 new franchise stores during the period. The franchise store estate traded “well” in…
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Oct- 2021 -18 OctoberSupermarkets
Tesco commences £500m share buyback
Tesco has announced that it has entered into an arrangement with Citigroup Global Markets Limited to repurchase a total of £500m shares on behalf of the company. The supermarket chain claimed that the shares will be bought back in its entirety no later than October 2022. The grocer had previously…
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14 OctoberSupermarkets
Aldi to open 100 new stores over two years
Aldi has announced that it plans to open 100 new stores across the UK over the next two years. The group has now pledged to invest £1.3bn by 2023 in a bid to further grow its retail estate, as it continues to push ahead with plans to open an average…
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13 OctoberClothing & Shoes
Shoe Zone revenues fall to £119m in FY21
Shoe Zone has announced that group revenue dropped slightly to £119.1m in the full-year ending 2 October 2021, down from £122.6m in 2020 and £162m in 2019. This decline was largely attributed to the effects of the pandemic, which saw its store estate closed for 16 weeks in the first…
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6 OctoberSupermarkets
Tesco profits double in H1 amid ‘resilient’ performance
Tesco has revealed that pre-tax profits rocketed 107% to £1.14bn for the six-months ending 28 August 2021, despite supply chain issues affecting much of the grocery sector. Revenue also grew by 5.9% to £30.4bn, largely boosted by a “significant” recovery in travel driven by the easing of government restrictions earlier…
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1 OctoberSupermarkets
Tesco to launch InPost partnership across estate
Tesco has announced a new nationwide partnership with out-of-home and e-commerce delivery company InPost, which will see InPost’s automated parcel machines (APMs) deployed across Tesco’s entire large-format store estate in the UK. The new rollout is set to reach up to 500 large-format sites by the end of November, and…
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Sep- 2021 -29 SeptemberClothing & Shoes
Quiz sees FY21 losses widen to £9.6m
Fashion retailer Quiz has seen its losses widen to £9.6m for the year ending 31 March 2021 compared with a previous year’s loss of £3.1m. Revenue also dropped by 66.4% to £39.7m from £118m in 2020 and reflects the impact of the prolonged lockdowns and curtailment of social occasions through…
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7 SeptemberClothing & Shoes
Ted Baker Q2 revenues rise 50%
Ted Baker has reported that a 50% YOY increase in group revenues for the 16-week period from 25 April 2021 to 14 August 2021, as the company snapped back from the material negative impact of Covid-19. Trading momentum continued to build through the period, with the last four-week exit rate…
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