Sweden
This coverage examines retail activity, market trends, and brand strategies in Sweden, offering insight into its influence on and connections with the UK retail sector. Reporting highlights store openings, cross-border expansion, consumer behaviour, and sustainability initiatives shaping retail in the Swedish market. Retail executives, brand managers, and strategists can use these insights to assess opportunities and challenges in Sweden’s retail landscape.
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May- 2025 -29 MayClothing & Shoes
Frasers closes in on ailing Norwegian sportswear giant takeover
Frasers Group has confirmed that it is close to assuming a controlling stake in Norwegian sportswear company XXL ASA, but has warned that it may not be able to save the company. The group has confirmed that should its offer be accepted it will control 92% of the company’s share…
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1 MayDepartment Stores
Ikea officially opens Oxford Street store
Ikea has today (1 May) announced the opening of its Oxford Street store in London. A ribbon-cutting ceremony took place at 10am, with Peter Jelkeby, CEO and chief sustainability officer Ikea UK and Ireland, joined by Ikea co-workers, store manager Matt Gould, Sir Sadiq Khan, Mayor of London, and Ambassador…
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Mar- 2025 -6 MarchOnline & Digital
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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Feb- 2025 -21 FebruaryNews-In-Brief
Today’s news in brief-21/2/25
UK retail sales saw a 1.7% rise in January 2025, driven primarily by a 5.6% surge in food sales, the largest monthly increase since March 2020, according to the Office for National Statistics (ONS). Despite this rebound, sales volumes over the three months to January fell by 0.6% compared to…
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21 FebruarySport & Leisure
Frasers Group withdraws offer for Norway’s XXL ASA
Frasers Group has announced that it will not proceed with its intended voluntary offer for the shares in Norwegian sporting goods retailer XXL ASA at NOK 10 per share, which valued the company’s fully diluted share capital at NOK 246,357,450 (£17.45m). News comes after Frasers initially revealed its voluntary offer…
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Dec- 2024 -6 DecemberClothing & Shoes
Frasers eyes takeover deal of Norwegian sports retailer
Frasers Group has announced this morning (6 December) its intention to launch a voluntary offer for all shares in XXL ASA, a Norwegian sporting goods retailer, which has a physical and online presence in the Nordics and Australia. News comes via the Oslo Stock Exchange after Frasers “carefully considered the…
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4 DecemberNews
Ruggable launches first in-store presence through John Lewis partnership
Ruggable has announced that for the first time in the UK market, its rugs will be available to view in-store as part of its recent retail partnership with John Lewis. The washable rug brand will be part of an in-store experience at the John Lewis flagship store on London’s Oxford…
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Nov- 2024 -26 NovemberM&A
Secret Sales expands European presence with Afound acquisition
Secret Sales, the marketplace for off-price retail in fashion, sportswear and beauty, has acquired H&M Group’s digital fashion outlet, Afound. The company said the move solidifies its position in European off-price retail, establishing operations across 10 countries including Sweden, Denmark, Norway, Finland, Germany, The Netherlands, Belgium, Ireland, Spain and the…
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Sep- 2024 -30 SeptemberClothing & Shoes
Peak Performance opens new shop in Covent Garden
Scandinavian outdoor brand Peak Performance has opened its debut UK store in Covent Garden. Renowned for its bold design and technical innovation, Peak Performance has opened a 1,700 sq ft store in 49 Long Acre, delivering its ski and outdoor wear to the UK in a standalone space for the…
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26 SeptemberClothing & Shoes
H&M lowers profit target as sales flatline in Q3
H&M has revealed that it does not expect to hit its profit margin of 10% which it forecast for the full year as it posted flat net sales of SEK59bn (£4.35bn) for the three months ended 31 August 2024. Its operating profit in the third quarter dropped 26% to SEK3.5bn…
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