All International articles – Page 7
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Analysis
Five ways Shein is disrupting fashion as it posts £1bn in UK sales
In September 2023, Shein’s UK business posted £1.1bn in sales and a pre-tax profit of £12.2m in the 16 months to December 31, 2022, according to a Companies House filing. Here are the key things you need to know about this ecommerce powerhouse and how it is making waves in the fashion industry
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News
Carrefour warns shoppers with ‘shrinkflation’ signs
French supermarket Carrefour has started warning its shoppers of “shrinkflation” with shelf-edge signs.
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News
H&M sales edge up in third quarter
Sales at fashion giant H&M edged up in the third quarter but were “flattish” in most local currencies as the cost-of-living crisis and stiff competition made for a tough backdrop.
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News
Inditex sales and profits continue to climb
Inditex has reported an increase in profit and sales that the group said is a result of a “very robust operating performance”.
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Interview
Q&A: Shopify directors on leveraging AI and creating new products
Shopify’s managing director for Europe, Middle East and Africa Deann Evans and director of product Miqdad Jaffer speak to Retail Week about the marketplace’s AI offering, its new suite of products and always adapting to the retail market
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News
Søstrene Grene opens online UK shop
Søstrene Grene is to make its range of home decor and accessories available to shop online in the UK for the first time.
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News
Exclusive: Seasalt to open first store in New Zealand
Cornish fashion retailer Seasalt has confirmed the opening of its first standalone store in Auckland’s Milford Centre this month as part of its continued international expansion, Retail Week can reveal.
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News
Currys posts dip in revenue as profit guidance remains ‘unchanged’
Currys has posted a decline in group revenue for the 17 weeks ending August 26, 2023, but has made no changes to its profit guidance for the year.
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News
Exclusive: Pepco launches in Bosnia and Herzegovina
Pepco Group is pushing further into Europe by opening its first store in Bosnia and Herzegovina, Retail Week can reveal.
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News
Lululemon sales jump as revenue ‘exceeds expectations’
Lululemon has recorded strong sales and revenue growth that “exceeded expectations” as it continues to enhance its business model and product offering.
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Interview
Q&A: Søstrene Grene CEO Mikkel Grene on its rapid UK expansion
Selling contemporary, Scandi-style home furnishings at affordable prices, it’s no surprise Søstrene Grene has been going down well with UK shoppers since it arrived from Denmark in 2016. Chief executive Mikkel Grene has ambitious plans to open 50 stores across the UK within the next few years and spoke to Retail Week about them
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News
Uniqlo names new CEO and COO in leadership shake-up
Uniqlo parent company Fast Retailing has announced changes to Uniqlo’s senior leadership team, appointing Tadashi Yanai as chief executive and Daisuke Tsukagoshi as president and chief operating officer, starting from September 1.
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Gallery
Reserved resumes UK expansion with new store concept
Polish fashion retailer Reserved has opened its newest store at London’s Westfield Stratford City as it continues to ramp up its UK and European expansion plans.
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News
Exclusive: Uniqlo hunting for city locations to drive global growth
Uniqlo is “actively seeking opportunities” for growth, both in India and other locations around the world, as it continues to expand its global footprint, Retail Week can reveal.
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News
Shein unveils partnership with Forever 21
Fast-fashion retailer Shein has announced a partnership with Forever 21 owner Sparc Group, a joint venture between Authentic Brands Group and Simon Property Group, in a bid to experiment with an in-store presence for shoppers across the US.
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Analysis
Strategy spotlight: Five ways Sephora is set to disrupt the UK market
Sephora returned to the UK in March 2023 with its first store after a nearly 15-year hiatus. What has brought the global beauty specialist back for round two and what can other retailers learn from its return?
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News
Abercrombie & Fitch raises outlook as brand positioning pays off
Abercrombie & Fitch has raised its outlook for the full financial year as it recorded a surge in sales during the second quarter, which it credits to the success of the “positioning and assortment” of its brand portfolio.
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News
Pret a Manger to double loyalty discount
Pret a Manger is set to double its Club Pret discount from 10% to 20% from September 5 for loyal customers.
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Report Store
The Global Innovation Report
This report showcases the technology, data and new thinking being drawn upon by global retailers in 18 markets to drive innovation in all areas of business.
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Analysis
Four of the biggest innovations coming out of global retail
Published today, The Global Innovation Report takes a detailed look at retailers and brands spanning 18 international markets for inspiration on new thinking, technology and partnerships to drive a path forward. Here we highlight four significant innovations