Three
This coverage explores Three’s strategy, operations, and presence in the UK mobile and retail market. Reporting highlights store activity, financial results, network developments, partnerships, and leadership moves. Aimed at retail executives, category managers, and planners monitoring telecom retail trends, competitive positioning, and consumer demand for mobile services.
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Oct- 2024 -4 OctoberClothing & Shoes
Shein to hold informal talks with investors ahead of possible London float
Shein is reportedly set to hold informal talks with potential investors in the coming weeks regarding its much anticipated London initial public offering (IPO), according to Reuters.Three sources with knowledge of the matter said the discussions will be held as the fast fashion giant awaits UK regulatory approval to launch…
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Sep- 2024 -19 SeptemberShopping Centres
Hammerson sells stake in Bicester Village for £1.5bn
Property firm Hammerson has announced that it has sold off its stake in Bicester Village for £1.5bn to Silver Bidco, a company established by certain affiliates of L Catterton. The news comes after Hammerson announced it had entered into a binding agreement for the disposal of Bicester Village to Silver…
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11 SeptemberEconomy
UK economy stagnates for second consecutive month
The UK economy experienced no growth for the second consecutive month in July, underperforming analysts’ expectations of 0.2% growth for the month. The latest figures from the Office for National Statistics (ONS) show that services output is estimated to have increased by 0.1% in July 2024, following a decrease of…
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Aug- 2024 -14 AugustSport & Leisure
Fanatics renews long-term FA partnership amid surge in merch sales
Global digital sport platform Fanatics and The Football Association (FA) have announced a long-term renewal and expansion to their wide-ranging retail, e-commerce and merchandising partnership, following record England merchandise sales during Euro 2024. Under the terms of the expanded partnership, Fanatics will retain e-commerce rights with the FA and run…
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Feb- 2024 -1 FebruaryHigh Street
M Core acquires Princes Square in Glasgow
Commercial property and investment collective, M Core, has announced its acquisition of the Princes Square retail development in Glasgow city centre for an undisclosed sum. Princes Square, occupying a prime position on Buchanan Street, has been “widely acknowledged” as the UK’s best retail centre outside of London. The 118,625 sq…
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Dec- 2023 -14 DecemberNews
Retailers urge government to reform Apprenticeship Levy
Three leading trade bodies and seven food retailers are calling for urgent action to reform the broken Apprenticeship Levy system and address the “critical and persistent” labour shortages in the food supply chains. In a letter sent to the government, the British Retail Consortium (BRC), the National Farmers Union (NFU)…
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1 DecemberFeatures
Why retailers and logistic companies need to diversify carriers
In 2022, Evri was responsible for 53% of deliveries from online purchases during peak season in the UK. Evri’s performance has improved since its rebrand in March 2022 from Hermes. However, a quick sweep of the headlines still reveals disgruntlement with a number of carriers in the UK. Three of…
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Nov- 2023 -8 NovemberNews
M&S profits soar 75% to £360m in H1
M&S has reported its profit before tax soared by 75.3% to £360.2m in the first half of the year, up from £205.5m the prior year, as its Food and Clothing and Home businesses both outperformed the market. Overall sales increased by 10.8% to £6.1bn in the period, compared to £5.5bn…
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Sep- 2023 -18 SeptemberPeople Moves
Lululemon adds Shane Grants to its board
Lululemon Athletica has announced the appointment of Shane Grant to serve on its board of directors, effective 1 November 2023. Grant has been the group deputy CEO, CEO Americas and EVP Dairy, Plant Based and Global Sales at Danone, a leading global food and beverage company, since January of 2023.…
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1 SeptemberClothing & Shoes
Lululemon sales rise 18% to $2.2bn in Q2
Athletic wear brand Lululemon has reported an 18% rise in sales to $2.2bn (£1.74bn) in Q2 2023. Gross profit was up 23% to $1.3bn (£1.03bn) and gross margin increased 230 basis points to 58.8%. Additionally, income from operations increased 19% to $479.3m (£378.02m) and adjusted income from operations increased 23%.…
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