Retail Navigator AnalysisTHG (Strategy)
Rolling out a data platform that publishes fact-checked sustainability claims on beauty products that feature on Lookfantastic and Dermstore allows THG to support its customers in making informed decisions at checkout.
Retail Navigator AnalysisAO (Strategy)
In a deal expected to complete in the first quarter of 2025, AO’s acquisition of secondhand tech specialist Music Magpie will enhance the electrical retailer’s consumer tech and refurbished tech offerings.
Retail Navigator AnalysisTopps Group (Financials)
Despite an increasingly challenging trading background, Topps Group sales rose 6.3% to £262.7m in the year to end-September 2023 (FY2022), bolstered by the first full-year contribution from its online-only businesses, although profits came under pressure from cost inflation.
Retail Navigator AnalysisTesco (Financials)
Tesco delivered a rebound in profitability for the year to 24 February 2024 (FY2023) with operating profits surging 100.1% to £2.82bn while pre-tax profits climbed from £0.88bn to £2.29bn. The group saw statutory revenues climb 4.4% to £68.19bn while more widely reported group sales climbed 7.4% to £61.48bn.
Retail Navigator AnalysisBoohoo Group (Strategy)
Boohoo’s showroom in Soho, London, is a shared space for Boohoo, Boohoo Man, Karen Millen, Debenhams and PrettyLittleThing and hosts influencers, press, celebrities, stylists and brand partners, as well as employee events.
Retail Navigator AnalysisJD Sports (Financials)
JD Sports delivered another year of record sales, climbing 4.1% to £10.54bn on a reported basis for the 53 weeks to 3 February 2024 (FY2023). JD Sports chief executive Régis Schultz commented “In the period, we once again outperformed a challenging and volatile market with organic sales growth of 9%, broadly in line with our objective to deliver double digit growth, and organic sales growth in Premium Sports Fashion of 11%, ahead of our objective.”
Retail Navigator AnalysisThe Works (Financials)
In a challenging trading environment impacted by the cost-of-living crisis and and softened consumer demand, The Works sales edged up 0.9% year on year to £282.6m in the 2023 financial year to 5 May 2024 (FY2023). Store sales drove growth in FY2023, with total store like for likes up 0.6% and online sales down 12.4% resulting in an overall like-for-like sales decline of 0.9%.
Retail Navigator AnalysiseBay (Strategy)
eBay UK removes seller fees across nearly all its categories, “designed to give buyers access to greater breadth and depth of inventory while creating a simplified and streamlined experience for sellers.”
Retail Navigator AnalysisNike (Financials)
Nike saw sales come under pressure in its latest financial year to 31 May 2024 (FY2023), up 0.3% to $51.4bn (£41.3bn) on a reported basis. Revenues in its fourth quarter fell 2% with sales across Nike Direct down 8%.
Retail Navigator AnalysisGymshark (Strategy)
Gymshark announces ‘ramping up’ of its omnichannel strategy, with four new stores planned for 2024/25. Three permanent locations, including its first in Europe, will join a new pop-up outlet store at Bicester Village, Oxfordshire.