All Prospect Analysis articles – Page 10
Most recent first.
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Prospect AnalysisStores at Ryman
The Ryman store network has been placed under review in response to the changed conditions in the wake of the pandemic, although management has stressed that this could include the opening of new stores where appropriate.
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Prospect Analysis
Technology strategy at Ryman
Ryman has spent the past couple of years improving its store technology, as well as its stock and merchandising systems. The wider group is investing in infrastructure and development of cross-brand multichannel propositions.
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Prospect Analysis
Stores at Reiss
While the earlier turnaround programme focused on closing marginal stores to restore financial health to the business, the opening of high-profile outlets in key locations has remained a key part of the forward strategy given the aspirational nature of the brand.
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Prospect Analysis
Technology strategy at Reiss
As part of a long-term strategic partnership with Next from March 2021, Reiss transferred its online platform, warehouse, distribution and logistics to the Next Total Platform from early 2022, making use of Next’s extensive infrastructure capabilities to aid its future growth in the UK and overseas.
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Prospect Analysis
Reiss (SWOT)
Reiss enjoys a profile significantly higher than its domestic network of just over 100 standalone stores and concessions might imply. It has benefited from the patronage of the Duchess of Cambridge, which has heightened awareness of the brand both domestically and internationally.
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Prospect Analysis
Reiss (Strategy)
With the retailer’s private equity owner Warburg Pincus having put the planned sale of the business on hold as the Covid-19 pandemic hit in 2020, in March 2021, Reiss agreed a long-term strategic partnership with Next. This has seen the fashion giant taking a 25% equity stake in Reiss with the option to raise this to a majority holding.
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Prospect Analysis
The Range (SWOT)
It would appear that boss Chris Dawson is eventually sanctioning more investment in technology to keep up with competitors and exploit online more fully given the changing shopping patterns brought on by the pandemic.
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Prospect Analysis
The Range (Strategy)
The Range is one of the UK’s fastest-growing retailers and has – perhaps somewhat ambitiously – stated that it is targeting a network of 600 stores. It is still predominately based in retail parks but has recently started to move into city centre and shopping centre locations. Most of the retailer’s investment has focused on ensuring it has the necessary infrastructure to cope with future expansion plans.
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Prospect Analysis
Stores at The Range
The Range continues to expand its UK store network at a rapid pace, although the pandemic limited development opportunities during the 2020 financial year. Its large stores – typically around 40,000 sq ft – are mainly based in retail park locations, however it now also targets shopping centre and high street locations following a strategy shift.
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Prospect Analysis
Technology strategy at The Range
As The Range is continuing to grow very rapidly it has stepped up its investment in IT in recent years. This has included projects with external suppliers such as PCMS and JDA. A main consideration is always scalability as systems need to be able to keep pace with its expansion plans.
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Prospect Analysis
QVC (SWOT)
QVC embraced ecommerce at an early stage and has continued to develop its multichannel capabilities. As a result, it has continued to experience strong growth in ecommerce sales, which in recent years has been driven by mobile.
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Prospect Analysis
QVC (Strategy)
QVC’s UK subsidiary has benefited in recent years from its ability to offer good value and from the significant growth in shoppers making purchases on smartphones and computers.
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Prospect Analysis
Stores at QVC
QVC trades through one outlet stores in the UK in Warrington following the reported closure of its second outlet in Shrewsbury. The store provides a platform to sell end-of-season goods, customer returns, discontinued stock, repackaged and on-air display merchandise.
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Prospect Analysis
Technology strategy at QVC
QVC has a fairly unique business model and has been keen to adapt this to a multichannel age, reflecting the move to online and mobile purchasing in particular. As a result, QVC’s use of technology has been innovative, and it aims to continue to invest in this area.
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Prospect Analysis
Quiz (SWOT)
Quiz provides its customers with a clear and concise proposition of affordable, contemporary occasion wear as well as a newer range of smart casual clothing.
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Prospect Analysis
Quiz (Strategy)
Quiz was forced to restructure the business in 2020 to cut the size of its store estate, while it has also significantly reduced its dependence on UK department stores. Going forward, this will allow the business to generate more of its revenues from its own stores and websites which have traditionally generated higher returns than other revenue streams.
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Prospect Analysis
Stores at Quiz
With store sales on a sharp downward trajectory – further exacerbated by the pandemic - Quiz undertook a restructure of its standalone store portfolio in June 2020, which saw its UK standalone stores placed into administration. This enabled the retailer to renegotiate rents or dispose of unprofitable properties. This has seen the UK standalone store network reduced from 75 stores in March 2020 to 61 as of March 2021.
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Prospect Analysis
Technology strategy at Quiz
Quiz has increased its investment in technology to support its omnichannel growth strategy and global potential, particularly focusing on online, IT and system infrastructure.
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Prospect Analysis
Stores at Primark
While UK expansion is slowing due to its maturing presence, Primark continues to see expansion opportunities in the UK. The retailer is achieving this through larger store openings, with a service-led proposition, and extensions to existing outlets – raising its average store size to almost 40,000 sq ft.
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Prospect Analysis
Technology strategy at Primark
The details of Primark’s store IT are a closely guarded secret, but it’s clear that it is focused on developing a lean and efficient way to open stores quickly and run them smoothly. There is also a big focus on economies of scale, logistics and reliability.
