All Retail Week articles in July 2024 – Page 4
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Retail Navigator Analysis
Under Armour (SWOT)
Under Armour has firmly established itself as a global sports retailer, with turnover surpassing £4bn in FY2024. Younger than its competitors Nike, Adidas and Puma it still has room to grow especially in the UK market.
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Retail Navigator Analysis
Under Armour (Financials)
Under Armour recorded a subdued performance in the year to end-March 2024 (FY2023) with sales declining 3.4% to $5.7bn (£4.5bn). Chief executive Kevin Plank commented: “Amid a challenging retail environment in fiscal 2024 that included high inventories and a consistent drumbeat of promotions – we demonstrated disciplined expense control and delivered results that were aligned with our previous outlook.
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News
Ikea is opening 100 new click-and-collect points at Tesco stores
The Swedish home retailer plans to expand its partnership with Tesco to open 100 new click-and-collect points at the supermarket.
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News
Asda is bracing for further strike action for a second time
More than 150 Asda workers are getting ready to walk out in a further strike action claiming the supermarket has failed to address dispute points, according to GMB.
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Interview
Q&A: Elemis’ global president on becoming the number one British skincare brand
As Elemis opens its first standalone store in the UK, co-founder and global president Noella Gabriel talks to Retail Week about the new shop, appealing to all generations and what’s to come for the skincare brand in the future
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News
Landlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
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News
Tapi has bought Carpetright but many jobs and stores are still at risk
Carpetright has been rescued from collapse by rival carpet and flooring retailer Tapi – but hundreds of stores are expected to close, leaving many jobs at risk.
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News
Matalan has bolstered its brand portfolio with new third-party additions
Fashion retailer Matalan has bolstered its third-party brand offering with 29 new additions across womenswear, menswear, homeware and accessories.
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News
The Body Shop may emerge from administration in August
The Body Shop may come out of administration in August as prospective new owner Auréa takes charge of developing a long-term growth plan.
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News
John Lewis has partnered with Timpson on a repair service
Customers at John Lewis will be able to give clothing, accessories and homeware pieces a new lease of life via a new in-store repair service in partnership with Timpson.
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News
The owner of Homebase is mulling a sale after a takeover approach from The Range
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.
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Innovation of the Week
Foot Locker will launch AR takeover to mark Paris Olympics
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
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News
Airport retailers could see a boost in sales if global IT outage continues
Retailers operating in airports could end up receiving a boost in sales and footfall if the IT outage causing havoc around the world continues.
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News
Morrisons has launched a ‘Sir Ken’ staff leadership programme
Grocer Morrisons has launched a leadership programme for employees, designed to equip them with the skills and mindset to progress in their careers.
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News
Cotton Traders’ sales and profits have dipped amid ongoing ‘macroeconomic turmoil’
Fashion retailer Cotton Traders has reported a dip in sales and profits for the 2023 full financial year amid ongoing “macroeconomic turmoil”.
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News
UK retail sales fell in June driven by the election and wet weather
UK retail sales volume declined across all sectors in June except for automotive fuel as wet weather, low footfall and the general election are likely to have impacted sales.
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News
Pret is ditching its coffee subscription in favour of a ‘new and simpler’ offer
Pret a Manger has revealed that it will be axing its coffee subscription for loyal customers and replacing it with a “new and simpler offer”.
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News
Castore has appointed its first commercial director
Sportswear brand Castore has appointed a former Joe Browns and JD Sports executive in the newly created role of commercial director.
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News
Exclusive: More than half of Carpetright’s stores could be at risk in a Tapi deal
More than half of Carpetright’s stores could be at risk even if they are bought by rival Tapi, Retail Week can reveal.