‘Supermalls’ in the UK are set to outperform physical retail growth overall, as they attract Millennial shoppers by including more leisure options in their mix, according to a new report from GlobalData.
Sports shoe and clothing retailer Footasylum has confirmed its float plans with the company saying Monday that it will list its shares on the London Stock Exchange’s Alternative Investment Market (AIM).
German sport fashion retailer and buying group Sport 2000 International is linking up with Spanish retailer Base Group in a deal that will mean pooling procurement capacities and launching joint marketing campaigns.
JD Sports’ founder David Makin and business partner John Wardle are reported to be about to float their Footasylum sports shoe chain with an IPO potentially putting a value of around £150 million on the business.
JD Sports confounded the sceptics in H1 with sales and profits powering ahead, despite nervousness over intense competiton and fewer major launches. And the company is expanding fast abroad as well as in the UK.
The Superdry chain is to roll out its Sport label as a standalone store brand. After reporting stellar annual results, CEO Euan Sutherland said he aims to “further embed Superdry’s position as a global lifestyle brand.”
JD Sports Fashion said trading and profits are on track for the first half, even though calendar effects make it hard at the moment to compare current trading with 2016. The firm continues to expand internationally.
Expanding fashion retailer Quiz confirmed Thursday a plan to list its shares, with a stock market debut next month on the AIM market of the London Stock Exchange. The move is likely to mean even faster growth.