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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Aug- 2024 -6 AugustSupply Chain
Bangladesh protests to delay clothing manufacturing
Political unrest in Bangladesh is expected to delay clothing manufacturing for fashion retailers such as H&M and Zara in the run-up to the key holiday season, Reuters has reported. It comes as Bangladesh has seen a rise in violence since July, which has forced Prime Minister Sheikh Hasina to resign…
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May- 2024 -1 MayLuxury Goods
Mulberry revenues decline 4% in FY24
Mulberry Group revenues fell by 4% in the year ended on 30 March compared to the previous year against a backdrop of challenging macroeconomic conditions and a decline in luxury consumer spending. Losses for the full year will be impacted by the additional operational costs of new stores in Sweden…
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Mar- 2024 -26 MarchHigh Street
Arket to open first store in Ireland
Nordic fashion and lifestyle brand Arket continued its expansion in Europe with the opening of a flagship store in Dublin during 2024, the first destination in Ireland. Based in Sweden, Arket is a modern-day market and lifestyle brand. The collections offer ready-to-wear and accessories for women, men, and children, complemented…
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Jan- 2024 -31 JanuaryNews
H&M announces new CEO as Q4 sales dip
H&M has today (31 January) announced the appointment of its new CEO, Daniel Ervér, as the group struggled to maintain profitability in Q4 2023. Former CEO Helena Helmersson has decided to step down after four years, saying that the role has been personally demanding, although leaving the position has not…
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Nov- 2023 -30 NovemberLuxury Goods
Mulberry H1 losses leap 79% despite healthy revenues
Luxury fashion group Mulberry revealed that operating losses grew 79% to £10.4m, despite a 7% increase in revenues to £69.7m for the half year ended 30 September. The retailer also sustained an underlying loss before tax of £12.3m, which increased from £2.8m in 2022. This included £3.3m of SaaS costs,…
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Aug- 2023 -4 AugustLuxury Goods
Mulberry revenues up 4% in FY23 despite UK sales drop
The luxury handbag brand, Mulberry, has revealed that revenues increased 4% to £159.1m for the year ended 1 April, an increase from £152.4m recorded in 2022. While UK retail sales only reached £87.7m, after reaching £88.5m in the previous year, performance improved in the second half. The group attributed its…
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Jun- 2023 -28 JuneClothing & Shoes
Mulberry profits fall to £13.2m in FY23
Mulberry has reported that pre-tax profits fell from £21.3m to £13.2m in the year ended 1 April 2023, despite reporting that revenues rose by 4% to £159.1m over the same period. Its UK retail sales saw a slight decline from £88.5m to £87.7m however, as the first half of the…
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May- 2023 -19 MayClothing & Shoes
A Day’s March opens new London store
Swedish label, A Day’s March, is to open new retail space housed across three storeys in London’s Soho this June. The townhouse is a historic grade-listed building and will showcase the brand’s core collections across menswear and womenswear. Working with Shaftesbury Capital, the 2,700 square feet of retail space is…
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Apr- 2023 -28 AprilClothing & Shoes
Skechers to acquire Scandinavian distributor
Skechers has announced that it has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding Aps. The Sports Connection business comprises 58 existing Skechers retail locations, several e-commerce solutions as well as over 1,600 wholesale customers. It will become a wholly-owned subsidiary of Skechers, primarily responsible for…
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Feb- 2023 -2 FebruaryAdvice
What does France’s new environmental legislation mean for UK retail?
When it comes to environmental legislation, France is a pioneer. A decade ago, it became the first country to introduce extended producer responsibility (EPR) for textiles and furniture; last year, it added sports equipment, toys, and DIY and gardening equipment to the list. All retailers trading in France – large…
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