All Space NK articles
Space NK is a luxury beauty retailer offering a highly selective range of well-known luxury and niche, innovative brands from all over the world. Founded by Nicky Kinnaird in Covent Garden, London in 1993, Space NK brands itself as an “apothecary”. The retailer targets affluent shoppers and that is reflected in its securing of stores in well-heeled areas. Space NK has over 70 stores across the UK and Ireland, five concessions in Harvey Nichols, and over 30 stores in the US.
-
NewsSpace NK sales and profits rise driven by growth in active customer base
Space NK posted a growth in sales and profits in the year ending March 2024 driven by customer growth across generations.
-
Retail Navigator AnalysisSpace NK (Strategy)
Space NK reveals plans to open 10 more stores next year, as sales climb in the year to end-March 2024. The beauty retailer revealed it sales are growing across all age brackets thanks to its unique mix of brands.
-
Retail Navigator AnalysisSpace NK (Financials)
Space NK once more delivered record sales, rising 23.1% to £146.6m for the 52-week period ending 25 March 2023 (FY2022). The retailer said the growth was a result of strong store like-for-like sales which climbed 28% and its newly opened and upsized stores.
-
NewsSpace NK to open new stores next year as sales surge
Beauty chain Space NK plans to open 10 shops next year after its sales increased 34% in a year.
-
NewsSpace NK urges shoppers to watch out for Black Friday fraudsters
Cosmetics retailer Space NK is warning customers not to purchase its luxury advent calendar from fake adverts for Black Friday Sales as criminals are targeting consumers with offers that are too good to be true.
-
AnalysisAre Estée Lauder’s struggles a sign the good times might be over for UK beauty retail?
As global cosmetics giant Estée Lauder Companies reported a fall in sales marked by a slowdown in prestige beauty sales, Retail Week explores if this should be a cause of concern for beauty retailers in the UK
-
NewsSpace NK offloads US wholesale arm amid sale rumours
Space NK has sold its US wholesale arm to beauty platform PCA Companies as rumours swirl of a possible sale of the premium beauty chain, according to WWD reports.
-
Opinion‘Brightening retail outlook could create sweet spot for M&A this year’
After a challenging 2023, falling valuations and pent-up demand for deals could spark a revival in retail M&A as economic conditions stabilise, believes Erin Brookes
-
DataRanking: The 20 biggest beauty retailers dominating the UK market
The beauty market is as competitive as it is lucrative. To see who has the edge over others, we asked Retail Week sister brand Retail Navigator to reveal the biggest beauty retailers in the UK.
-
NewsGlossier fulfils UK expansion ambitions with Space NK tie-up
Glossier has announced its partnership with high street beauty retailer Space NK, which will see the brand’s in-store and online presence expand in the UK and Ireland.
-
NewsSpace NK owner appoints bankers for sale of beauty chain
Space NK owner Manzanita Capital has appointed bankers as it eyes a potential sale of the premium high street beauty chain.
-
NewsManzanita Capital to put Space NK up for sale
Space NK owner Manzanita Capital is in talks to appoint bankers to oversee a partial or complete sale of the premium high-street beauty retailer, Sky News reported.
-
AnalysisHow retailers are creating the best in-store experiences
The purpose of the retail store faced an overhaul as the pandemic caused many shops to shut for months, with customers having no choice but to turn to online shopping.
-
InterviewQ&A: Space NK’s Andy Lightfoot on being truly multichannel and fighting competition
Space NK chief executive Andy Lightfoot speaks to Retail Week about the importance of high streets in today’s climate, the true meaning of experiential retail in beauty, Sephora and his journey at the retailer since being promoted four years ago
-
NewsExclusive: Space NK to open first Welsh store as it goes on expansion trail
Space NK is set to expand its bricks-and-mortar offering with a debut store in Wales opening at the end of this summer, Retail Week can reveal.
-
DataForecast: The trends shaping health and beauty in 2023 and beyond
The Retail Week analyst team predicts the UK health and beauty market will grow at a compound annual growth rate (CAGR) of 3.9% to 2026/27 as retailers fight to gain market share in this lucrative category.
-
NewsSpace NK set to make city debut with new store at Liverpool One
Space NK is set to open its first store in Liverpool at Liverpool One shopping centre, joining the extensive range of premium lifestyle brands on Peter’s Lane.
-
GalleryStore gallery: Inside Space NK’s largest UK site at Westfield London
Space NK has extended its Westfield London site in White City.
-
AnalysisSephora: has it changed enough to make a success of the UK?
Sephora has finally opened the doors of its new London store, the first on British soil since it uncerimoniously wrapped up its UK business in 2005, but what has it got planned to make sure this time it sticks?
-
AnalysisAnalysis: Life after Debenhams – how beauty brands defied the department store downturn
Dwindling department store numbers across the UK could have been a death knell to the beauty sector’s fortunes, but new entrants and changing consumer habits have driven the sector’s performance