All Prospect Analysis articles – Page 10

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  • store-strategy-prospect
    Prospect Analysis

    Stores at Ryman

    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. 

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at Ryman

    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.

  • store-strategy-prospect
    Prospect Analysis

    Stores at Reiss

    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.

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at Reiss

    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.

  • swot-analysis-prospect
    Prospect Analysis

    Reiss (SWOT)

    Reiss

    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.

  • strategy-prospect
    Prospect Analysis

    Reiss (Strategy)

    Reiss

    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. 

  • swot-analysis-prospect
    Prospect Analysis

    The Range (SWOT)

    The Range

    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. 

  • strategy-prospect
    Prospect Analysis

    The Range (Strategy)

    The Range

    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. 

  • store-strategy-prospect
    Prospect Analysis

    Stores at The Range

    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. 

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at The Range

    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.

  • swot-analysis-prospect
    Prospect Analysis

    QVC (SWOT)

    QVC

    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.

  • strategy-prospect
    Prospect Analysis

    QVC (Strategy)

    QVC

    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.

  • store-strategy-prospect
    Prospect Analysis

    Stores at QVC

    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.

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at QVC

    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.

  • swot-analysis-prospect
    Prospect Analysis

    Quiz (SWOT)

    Quiz

    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.

  • strategy-prospect
    Prospect Analysis

    Quiz (Strategy)

    Quiz

    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.

  • store-strategy-prospect
    Prospect Analysis

    Stores at Quiz

    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.

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at Quiz

    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.

  • Primark 8
    Prospect Analysis

    Stores at Primark

    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.

  • technology-strategy-prospect
    Prospect Analysis

    Technology strategy at Primark

    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.