Retail Navigator AnalysisAdidas (Strategy)
As circular initiatives continue to gain traction, Adidas launches its UK Repair & Care service through partner The Seam. Customers can book repairs online, talking through the steps and service required with a chatbot with repairs completed in up to 10 days.
Retail Navigator AnalysisUnder Armour (SWOT)
Under Armour has firmly established itself as a global sports retailer, with turnover surpassing £4bn in FY2024. Younger than its competitors Nike, Adidas and Puma it still has room to grow especially in the UK market.
Retail Navigator AnalysisUnder Armour (Financials)
Under Armour recorded a subdued performance in the year to end-March 2024 (FY2023) with sales declining 3.4% to $5.7bn (£4.5bn). Chief executive Kevin Plank commented: “Amid a challenging retail environment in fiscal 2024 that included high inventories and a consistent drumbeat of promotions – we demonstrated disciplined expense control and delivered results that were aligned with our previous outlook.
Retail Navigator AnalysisDunelm (Strategy)
Dunelm has continued to improve its website with recent introductions including ‘back in stock’ notifications and an increase in the number of products available for click and collect. The retailer has reported sales growth for both Q4 FY2023 and the full financial year.
Retail Navigator AnalysisScS (Strategy)
Having wound down the sale of carpets and flooring under its new owner, ScS will be better aligned with Poltronesofà, which only sells sofas and armchairs. Retail Week revealed that the sale of flooring online has been stopped and ranges removed from its stores.
Retail Navigator AnalysisPoundland (Strategy)
Poundland once again doubles down on its eponymous £1 price point, with a new price campaign that focuses on the value of its growing grocery range. It highlights that over 1,000 grocery items in every Poundland store cost £1 or less.
Retail Navigator AnalysisBurberry (Strategy)
Burberry announces leadership change amid slump in first quarter sales. Chief executive Jonathan Akeroyd stepped down from his role “by mutual agreement” with Joshua Schulman replacing him, as retail revenues tumbled 22% to £458m in the 13 weeks to 29 June 2024.
Retail Navigator AnalysisMoonpig (Strategy)
As well as enhancing personalisation through AI, Moonpig continues to onboard “trusted brands” and recently launched Hotel Chocolat, which Moonpig said “instantly became one of our most popular gifting options”.
Retail Navigator AnalysisJohn Lewis (Strategy)
With partner numbers having been cut significantly over the last few years, John Lewis is said to be considering “Selfridges - style” staffing of its fashion brands to boost sales and provide better service levels. The retailer is targeting £900m of cost-savings across the group.
Retail Navigator AnalysisPuma (Financials)
Sales at Puma grew 1.6% to €8.6bn (£7.5bn) on a reported basis for the year ended 31 December 2023 (FY2023), climbing 6.6% in constant currency. Puma chief executive Arne Freundt commented: “In a volatile environment that impacted the whole industry, Puma delivered strong growth and profitability fully in line with the outlook.”