Just a short while after we heard that Uniqlo and Theory will be taking over the former Superdry flagship on Regent Street, London, it has emerged that the label has signed up for a brand new flagship.
Reporting “outstanding growth and strategic progress” is good. Achieving them in a “transformational year” on top of a recent IPO is even better. That’s how In The Style updated the market on Wednesday.
Another major UK retailer is upping its supply chain credentials. JD Sport Fashion will open a 514,000 sq ft warehouse complex on the outskirts of Derby towards the end of the year, employing up to 500 people.
Finnish retail giant Stockmann's Q2 and half-year results showed a dramatic improvement all round. Revenue rose over 20% in the last three months, while the gross margin and adjusted operating profits jumped too.
Concerns have emerged that Morrisons may face heavy costs after it's been taken over by private equity. The lead bidder will conduct a review of the property portfolio, raising the spectre of sale/leaseback deals.
In a surprise move, Ted Baker said on Friday that it’s moving to a new London HQ. It will resettle in Fitzrovia, with the new home costing much less than the existing head office it has operated from for 20+ years.
Kurt Geiger-owned women’s footwear and accessories retail brand Carvela has opened a standalone store at the Landsec-operated Bluewater mall in Kent. It becomes Carvela's seventh UK store and first in the South East.
Fast-growing fashion retail giant Next said on Wednesday that it had easily beaten its own expectations for full-price sales, with the last 11 weeks seeing an 18.6% surge compared to the same period in 2019.