Next updates profit forecast as sales exceed expectations
UK fashion retailer Next has raised its 2021 profit forecast from £700m to £720m following its most recent sales forecast which “smashed expectations”.
Queues form as non-essential retail reopens in Northern Ireland
Non-essential retail shops in Ireland re-opened today following a four-month-long lockdown that begun at the...
Meeting customer needs and keeping data safe in 2021: SOTI
IoT and business mobility expert SOTI director of sales UK and Ireland, Sarah Edge, tells Retail Insight Network how retailers...
Primark returns furlough cash following record sales week
Associated British Foods (ABF), the parent firm of fashion retailer Primark, today announced that it will be returning furlough cash...
Rebuilding from furlough: The future of retail workforce management
Retail and hospitality industry expert Fourth CEO Clinton Anderson tells Retail Insight Network how retailers can maintain good communication with...
Latest Deals
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NextCapital Raising $75M
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Reliance Retail VenturesMergers & Acquisitions $3.38BN
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Couche-TardMergers & Acquisitions $39M
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A-MarkMergers & Acquisitions $138.3M
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NextCapital Raising $75M
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Reliance Retail VenturesMergers & Acquisitions $3.38BN
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Couche-TardMergers & Acquisitions $39M
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A-MarkMergers & Acquisitions $138.3M
Weekly chart
Top 10 completed retail sector acquisitions in past year (Source: GlobalData)
| Acquisition | Value (US$bn) |
|---|---|
| Taobao China acquired A-Rt Retail Holding on 18/10/2020 | 3.6 |
| VF Corp acquired Supreme Clothing Inc. on 09/11/2020 | 2.1 |
| Gree Real Estate Co Ltd acquired Zhuhai Duty Free Enterprises Group Co. Ltd. on 11/05/2020 | 1.8 |
| Itochu Corp acquired FamilyMart Co., Ltd. on 08/07/2020 | 1.7 |
| Franchise Group Inc acquired Pet Supplies Plus/USA Inc. on 25/01/2021 | 0.7 |
| Fortenova Grupa acquired Poslovni sistem Mercator on 21/09/2020 | 0.6 |
Latest News
M&S and Blue Yonder collaborate for supply chain planning
US-based technology company Blue Yonder has finished installing its Luminate Planning supply chain solution at British retail chain Marks and…
BRC reports 40% drop in UK retail footfall in April
The BRC data, which covers the four weeks from 4 April to 1 May, shows a 28.7% improvement from the…
Amazon to open robotics fulfilment centre in Louisiana
The 650,000ft² facility will generate more than 1,000 full-time jobs, in an effort by Amazon to support local communities. Employees…
Adidas records 27% growth in first-quarter revenues
Adidas' direct-to-consumer (DTC) revenues and e-commerce sales primarily contributed to this growth, with e-commerce sales rising by 43%. The revenue…
Latest Themes
Mainstream retailers’ demise has created more pop-up opportunities for small retailers
Permanent store closures were already rife in UK retail before the Covid-19 pandemic due to changing consumer habits and online shopping.
Luxury blockchain consortium to combat counterfeit products
Brands are exploring new ways to secure trust due to burgeoning consumer concerns regarding product authenticity and sustainability.
Health and wellness is the consumer trend to tackle and AI can help
Over recent years, consumers have become more receptive to health and wellness trends, and this is forecast to increase.
Misinformation – Technology Trends
Online misinformation, in its most successful forms, can impact its audience in different ways. It spreads in large volume of conflicting messages to persuade citizens...
Third national lockdown takes a slice out of Topps Tiles’ revenue
Topps Tiles was adversely affected by the third national lockdown. Its H1 was a tale of two halves, with retail like-for-like sales growing 19.9% in...
Argy-Bargy or Lethargy? Here are some lost consumer trends that might not make a comeback post-pandemic
By now, it is a common consensus that the Covid-19 pandemic has acted as an ‘accelerating force’, whether we are talking about remote-working, the decline...
Vivo plans to open more than 100 stores in India
China-based smartphone brand Vivo has revealed plans to strengthen its operations in India by opening more than 100 stores by the end of the year.
Expert Commentary & Analysis
View MoreConsumers stock up on home goods at Maisons du Monde
Maisons du Monde achieved a bumper start to 2021 as group sales in its first quarter grew 35.8% in Q1 2020 and 18.1% in Q1 2019 thanks to positive performances…
Skincare products to develop formulations that combat ‘digital fatigue’ amid Covid-19
The Covid-19 pandemic has dramatically impacted consumer behaviour since its emergence in late 2019. The surge in active Covid-19 cases last year forced governments all over the world to impose…
Toy manufacturers shift focus to sustainability
Mattel and Hasbro increase sustainability efforts In recent years, there has been a shift to sustainable products and many companies have come under fire for contributing to pollution and have…
Crocs sales soar on back of pandemic and celebrity collaborations
US shoe brand, Crocs, has reported record sales in the first quarter of 2021. Revenue for the company surged by 64%, reaching $460m. CEO Andrew Rees has stated that the…