Europe – Page 3
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Innovation of the Week
Innovation of the Week: Albert Heijn trials ‘True Price’ to reveal real cost of food
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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News
Zalando credits boost in revenue and ‘improved profitability’ to online shopping club
Zalando has credited a rise in revenue and “improved profitability” in its first quarter to increased demand for its online shopping club Lounge by Zalando.
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News
H&M slashes 150 jobs as it merges Monki and Weekday brands
H&M Group has announced the closure of its Monki head office in Gothenburg, Sweden, “regrettably” cutting around 150 jobs within the business as it confirms the merger of its Monki and Weekday brands.
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News
Ikea’s property arm buys Parisian shopping centre to expand Livat format
Ikea’s property arm Ingka Centres has confirmed its acquisition of the Italie Deux shopping centre in Paris from retail property giant Hammerson, as well as its high-street extension Italik and the Apollo office complex.
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Analysis
Oysho: The brand Inditex has been keeping from the UK
More than a decade since the brand’s inception, Zara-owner Inditex has finally decided to grace the UK with a physical Oysho store
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News
Currys appoints new Nordics boss to help ‘restore healthy levels of profit’
Currys has appointed Fredrik Tønnesen as its new Nordics chief executive officer in a bid to help the division navigate a challenging market and tough consumer environment.
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Gallery
Store gallery: Inditex-owned Oysho’s first UK store in London
Fashion retailer Oysho has opened the doors to its first UK store at Westfield London in White City as it “strengthens its international presence”.
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News
Hugo Boss profits soar in ‘outstanding year’
Hugo Boss reported strong performance for 2022, surpassing pre-pandemic sales figures by 26%.
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Analysis
How retailers are responding to Turkey and Syria earthquakes
In response to the humanitarian crisis in Turkey and Syria following the huge earthquakes on February 6, retailers have pledged to help victims, charities and first responders in the region, with many donating money, clothes and blankets.
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Opinion
‘Three years on from Brexit, the most difficult bit is yet to come’
Three years on from Brexit and the impact to retailers and consumers has been relatively limited. However, in many ways, the most difficult bit is yet to come, says British Retail Consortium’s Andrew Opie
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News
Dunkerton: Free trade deal with EU key to breaking inflationary cycle
The boss of Superdry has said he believes that striking a free trade deal with the European Union is key to breaking the UK out of its current inflationary cycle.
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Gallery
Store gallery: Inside Flannels’ debut Dublin store
High-end fashion retailer Flannels has opened the doors to its first-ever store in Ireland.
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News
Poundland owner Pepco ramps up investment in stores as profits rise
Poundland owner Pepco Group plans to accelerate its store expansion plan after posting an increase in profits.
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Analysis
Primark - more cheer than fear despite tough times to come
Primark parent ABF’s John Bason looks forward to a post-Covid Christmas, a bolstered digital presence and the opportunities that a new strategic board can help realise – even as margins fall in punishing market conditions
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Innovation of the Week
Innovation of the Week: How Decathlon is engaging customers with its green goals
Every week, we will bring you new ideas and case studies that link to the trends in our Retail Horizon 2023 report – across society, technology, economy, policy, industry and culture.
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News
Marks & Spencer rolls out Sparks loyalty scheme internationally
Marks & Spencer is launching its Sparks loyalty programme into big overseas markets including India and the US.
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News
Authentic Brands Group adds Ted Baker to European portfolio
US conglomerate Authentic Brands has completed the acquisition of Ted Baker.
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News
H&M blames closure of Russian business for 'significantly' affecting sales and profits
H&M has blamed the pause and eventual winding-down of its Russian business for a significant drop in revenues and profits.
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News
Zalando warns on profits as customer demand wanes
Zalando has issued a profit warning after a worse-than-expected second quarter.
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News
AO scraps German business following strategic review
Electrical goods etailer AO.com has taken the decision to close its German business after eight years of trading, following a strategic review into its performance.