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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Sep- 2024 -11 SeptemberDepartment Stores
Dunelm PBT rises 6.6%
Dunelm has revealed that its profit-before-tax rose 6.6% to £205m, up from £193m, for the year ended 29 June 2024. Alongside this, the company’s total sales rose 4.1% to £1.71bn compared with £1.64bn in the same period last year. The company also stated it saw an increase in active customers…
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6 SeptemberGovernment
CBI boss calls for gov to fix ‘antiquated’ rates system
CBI CEO Rain Newton-Smith has called on the government to fix the “antiquated” business rates rules in England to boost investment and grow the economy. Ahead of the Autumn Budget, the CBI convened firms from 12 sectors, including retail and manufacturing, to develop cross-economy solutions for a competitive and transparent…
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Aug- 2024 -7 AugustNews
Bensons for Beds acquires 19 Carpetright stores
Bensons for Beds has announced that it has successfully acquired 19 locations where Carpetright was previously trading. The locations include: Aberdeen, Ashton, Belfast, Canterbury, Edmonton, Exeter, Irvine, Kettering, Old Kent Road, Oldbury, Portsmouth, Salisbury, Slough, Sutton, Torquay, Bath, Eastbourne, Gillingham and Solihull. The bed specialist retailer now plans to start…
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5 AugustClothing & Shoes
Seasalt profits and sales soar amid portfolio expansion
Seasalt has seen its full-year profits and sales rise “markedly” as more bricks-and-mortar stores were added to its high street estate.The Cornish clothing brand saw turnover rise by 12% to £132.6m in the year ended 27 January, The Sunday Times reported. This was largely boosted by in-store sales, which rose…
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Jul- 2024 -19 JulyDIY
Carpetright rival close to rescue deal
Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The Times. This comes after Carpetright placed its administrators at PwC on standby last Friday (12 July), as it sought “a period of protection” to secure an additional investment. While the…
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8 JulyHealth & Beauty
Superdrug FY23 pre-tax profits hit £111m
Health and beauty retailer Superdrug has revealed its pre-tax profits jumped 43% to £111.6m during the 52 weeks ended 31 December 2023. Superdrug said the positive figures have been driven by strong retail store performance, increased sales volume and continued own brand growth as sales increased 11% to £1.52bn. Superdrug…
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Jun- 2024 -14 JuneNews
Aldi announces planned refurbs for more than 30 stores
Aldi has announced that over 30 of its stores across the UK will undergo refurbishments this summer, with the supermarket set to invest more than £90m on store improvements throughout 2024. Over 100 stores located across the country are getting an upgrade this year – from Crewe to Cardiff and…
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14 JuneTechnology
Crew Clothing partner with tech platform to streamline operations
Crew Clothing has expanded its partnership with cloud management solutions platform Cegid in order to improve operations across its store estate.The clothing brand, which has been a user of Cegid Retail Store Excellence since 2009, has now rolled-out the Cegid’s Newsfeed feature across its 105 stores. The Newsfeed feature “bridges…
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May- 2024 -29 MaySupermarkets
M&S to invest £30m in London store portfolio
M&S has announced plans to invest over £30m in new and renewed stores across London this financial year, which is also expected to support an estimated 100 new jobs. As a result, the retailer will be opening two new fresh-market style food halls in Sidcup and Friern Barnet, as well…
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20 MayNews
Today’s news in brief-20/5/24
Asda reported a robust financial performance for Q1 2024, with a 6.6% increase in total revenues (excluding fuel) to £5.3bn and a 1.4% rise in like-for-like sales. The supermarket chain saw notable growth in its George at Asda clothing line and homewares, with the latter boosted by the new Stacey…
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