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Retail DECODED

Latest edition: 17 May 2024
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Spotlight

Open-air retail booms in US suburban markets

Research from DLC has revealed store openings exceeded closings in 2023 for the third year running.

Latest news

Superdrug bets big on bricks-and-mortar

With plans to open 25 new stores in 2024, Superdrug’s expanding store estate is expected to create 500 jobs nationwide.

Currys unveils store revamp to boost customer experience

The company is seeking to make its physical stores more user-friendly via the project.

Luxury fashion retailer Burberry's profit plummets in FY24

Luxury fashion house Burberry’s profit declined 44% to £271m ($342m) in the fiscal year 2024 (FY24) compared with £492m in FY23.

Under Armour reports 38% decrease in net income for fiscal 2024

Athletic performance apparel brand Under Armour has reported its net income declined by 38% to $232.04m in fiscal 2024 (FY 2024) from $374.45m in fiscal 2023 (FY 2023).

Reliance Retail signs exclusive licensing agreement with UK's ASOS

The partnership makes Reliance Retail as ASOS’ exclusive partner in India, covering both online and offline channels.

SPAR Hungary makes $10m investment in new supermarket in Szentendre

SPAR Hungary has announced an investment of €9.2m ($9.9m) in a greenfield project to establish a SPAR supermarket in Szentendre.

BEUC files complaint against Temu over breach of online content rules

BEUC' accuses the retailer of not providing adequate traceability for traders on its platform.

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