H&M’s Post

Spain Emerges as Primark's Second Economic Powerhouse: The Changing Landscape of Retail Marking another milestone in its expansion journey, Primark is set to unveil its newest store in the heart of Madrid's La Vaguada shopping center next Thursday. This move not only underscores Spain's pivotal role as Primark's second-largest market but also signals a notable shift in dynamics within the retail sector. With Madrid at its focus, Spain has become a vital market for Primark, led by the continuous wave of store openings, resulting in a significant reshuffling amongst industry players. As Primark solidifies its position as a low-cost retail giant, it is stepping in to fill the voids left by other operators, as evidenced by the takeover of prime locations previously occupied by El Corte Inglés. This forthcoming inauguration marks Primark's 61st store in Spain, aligning with its ambitious roadmap announced in late 2022. With a commitment of €100 million investment and the creation of 1,000 new jobs by 2024, the brand is steadfast in its dedication to the Spanish market's growth and prosperity. The expansion into La Vaguada sees Primark repurposing a vast commercial space, once under the helm of El Corte Inglés. This strategic maneuver highlights the evolving landscape of retail, where adaptability and efficiency are paramount for sustained success. Primark's expansion plans extend beyond La Vaguada, with four additional openings slated for the Community of Madrid this year alone. With each new venture, Primark not only reinforces its foothold in Spain but also revitalizes local economies and job markets. Despite facing challenges exacerbated by the pandemic, Primark's resilience shines through, as evidenced by its commendable growth of 33% in the Spanish market in 2022. As the company continues to thrive, its commitment to fostering employment and economic vitality in Spain remains unwavering. As Primark charts its course for sustained growth and innovation, Spain emerges as a cornerstone of its success story, embodying the essence of collaboration, resilience, and forward momentum in the ever-evolving retail landscape. #primark #primarni #spain #retail #ecommerce #fashion

𝐀𝐋𝐒𝐇𝐀𝐘𝐀 𝐒𝐄𝐓𝐒 𝐓𝐇𝐄 𝐒𝐓𝐀𝐆𝐄 𝐅𝐎𝐑 𝐏𝐑𝐈𝐌𝐀𝐑𝐊’𝐒 𝐃𝐄𝐁𝐔𝐓 𝐈𝐍 𝐓𝐇𝐄 𝐌𝐈𝐃𝐃𝐋𝐄 𝐄𝐀𝐒𝐓 𝐀𝐥𝐬𝐡𝐚𝐲𝐚 𝐆𝐫𝐨𝐮𝐩’𝐬 newly announced partnership with Primark, the Irish fashion powerhouse renowned for its value-driven approach, is poised to reshape the Middle Eastern fashion retail landscape. This collaboration signals Primark’s long-anticipated entry into the GCC—a development eagerly awaited by value-conscious consumers. From an industry perspective, this alliance stands out for its strategic implications. Alshaya’s dominance in franchise operations and Primark’s distinctive value-fashion proposition create a potent combination. While many global brands have already staked their claim in the region, Primark’s entry marks a new chapter in affordable fashion—introducing a model that is both accessible and trend-driven. John Hadden, 𝗖𝗘𝗢, 𝗔𝗹𝘀𝗵𝗮𝘆𝗮 𝗚𝗿𝗼𝘂𝗽 said "𝘞𝘦 𝘢𝘳𝘦 𝘪𝘯𝘤𝘳𝘦𝘥𝘪𝘣𝘭𝘺 𝘱𝘳𝘰𝘶𝘥 𝘵𝘰 𝘱𝘢𝘳𝘵𝘯𝘦𝘳 𝘸𝘪𝘵𝘩 𝘗𝘳𝘪𝘮𝘢𝘳𝘬 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘵𝘰 𝘣𝘳𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘴𝘵𝘰𝘳𝘦𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘳𝘦𝘨𝘪𝘰𝘯. 𝘍𝘰𝘳 𝘮𝘢𝘯𝘺 𝘺𝘦𝘢𝘳𝘴, 𝘴𝘩𝘰𝘱𝘱𝘦𝘳𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘩𝘦 𝘳𝘦𝘨𝘪𝘰𝘯 𝘩𝘢𝘷𝘦 𝘢𝘴𝘬𝘦𝘥 𝘧𝘰𝘳 𝘗𝘳𝘪𝘮𝘢𝘳𝘬 𝘢𝘯𝘥 𝘸𝘦 𝘢𝘳𝘦 𝘭𝘰𝘰𝘬𝘪𝘯𝘨 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘵𝘰 𝘵𝘩𝘦 𝘴𝘵𝘢𝘳𝘵 𝘰𝘧 𝘢 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 𝘵𝘰 𝘩𝘦𝘭𝘱 𝘣𝘳𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘦𝘹𝘤𝘦𝘱𝘵𝘪𝘰𝘯𝘢𝘭 𝘪𝘯-𝘴𝘵𝘰𝘳𝘦 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦 𝘵𝘰 𝘵𝘩𝘦 𝘎𝘊𝘊.” We will be closely watching how this partnership unfolds and will keep you updated on the broader impact it may have on the region's retail dynamics. 𝐀𝐛𝐨𝐮𝐭 𝐏𝐫𝐢𝐦𝐚𝐫𝐤 ————————— Founded in Dublin, Ireland, 55 years ago, Primark now operates over 450 stores across 17 markets, offering customers great value essentials and high-quality fashion ranges at affordable and accessible prices for everyone. 𝐀𝐛𝐨𝐮𝐭 𝐀𝐥𝐬𝐡𝐚𝐲𝐚 𝐆𝐫𝐨𝐮𝐩 ———————————— Alshaya Group, a family-owned business established in Kuwait in 1890, has grown into one of the world’s leading brand franchise operators. With over 4,000 stores across MENA, Türkiye and Europe, Alshaya’s portfolio spans more than 70 well-known international brands, including Starbucks, H&M, Victoria’s Secret, Footlocker, Charlotte Tilbury, Raising Cane’s, Shake Shack and Chipotle. #RetailIntelligence #MiddleEastFashion #StrategicPartnership #GCCRetail #RetailDisruption #AlshayaGroup #Primark #IMAGESRetailME

🇦🇺 When in Australia the past two weeks, I visited a 70+ store chain well-known for its heritage and craftsmanship. They’ve even had a few press pieces lately about new services they are offering in-store. After visiting one of their Melbourne stores that had 3 staff on duty, with no customers in the store, none of the staff greeted or acknowledged me as I did a slow, full lap around the entire store. That seemed pretty surprising, so I visited another one of their stores to A/B test; I received a “Hello” with eye contact, but that was all. Zero engagement onward… These may be somewhat anecdotal, but is #retail hard? Or are standards absent? Many retailers seem to be looking for quick wins, silver bullets, but they do not exist. You can implement whatever tool you want, but if the behavior doesn’t change at the front-line it’s a waste. And it takes leadership to drive change. Yet there’s another retailer that has also made press recently, but for not ideal reasons: The Body Shop. Their Highpoint location had breathtaking service. Shout out to the Manager Johanna. An incredibly genuine greeting, breaking down of any potential resistance, thoughtful/intentional probing, and a fantastic demonstration of features, advantages, and benefits. As a retail geek, it was mind-blowing. No surprise Highpoint is one of their top stores, and Australia is the group’s most profitable region. Sounds like they have been focused on the right things...

Should Estée Lauder Companies' sales decline be considered an issue to UK beauty retail?   Estée Lauder Companies, home to brands like The Ordinary and Jo Malone London, reported a 1.9% decline in sales to $15.61bn (£12.40bn) for the year ended 30 June 2024 in what chief executive Fabrizio Freda called “a difficult year”.   What does this mean for UK retailers like Boots UK, Space NK, and SEPHORA? Beth Bloomfield, senior retail analyst at Lumina Intelligence says: “the beauty market in the UK is in good shape and is still expected to grow over the next few years. Many retailers are now concentrating on their in-store experience to attract shoppers and encourage repeat purchases – just look at SEPHORA’s aggressive store rollout in the region or Space NK, which has focused on upsizing stores to add more products and services.” Learn more about our conversation on this topic with sister brand Retail Week: https://lnkd.in/eEuTRH4u #retail #healthandbeauty #beauty #beautyproducts #marketinsights #marketresearch #consumerinsights #retailers #beautyretailers

Now is the perfect time to begin exploring your entry into the UK Beauty Market... here's why: 💸 eCommerce is booming, iconic high street retailers (Selfridges, Harrods, Space NK and Boots) are investing heavily in Beauty + there's a plethora of pathways for getting your products to market. 🌍 With the UK being a populated, diverse & multi-cultural market - there's enough opportunities and room everyone to find their consumer and succeed! ⚡️The UK Beauty Market is noisy, over-crowded yet FULL of buzz. We have one of the most influential and leading markets globally. Your brand has to stand out and be bold enough to make some noise! If you can break the UK, expect global markets to follow suit on the hype. #NewProductLaunch #BeautyProductLaunch #NZBeauty #AustralianBeauty #PathtoMarket #UKBeautyConsumer #BeautyIndustry #UKRetailStrategy #BeautyBusinessConsultant #BusinessTips #BeautyBrandTips

Now is the perfect time to begin exploring your entry into the UK Beauty Market... here's why: 💸 eCommerce is booming, iconic high street retailers (Selfridges, Harrods, Space NK and Boots) are investing heavily in Beauty + there's a plethora of pathways for getting your products into the UK. 🌍 With the UK being a populated, diverse & multi-cultural market - there's enough opportunities and room for success for everyone! ⚡️The UK Beauty Market is noisy, over-crowded yet FULL of buzz. We have one of the most influential and leading markets globally. Your brand has to stand out and be bold enough to make some noise! If you can break the UK, expect global markets to follow suit on the hype. #beautyconsumer #beautyindustry #ukbeautymarket #beautybrand

Major growth alert! Primark is planning a £100m re-fit programme for new and existing UK stores, expected to reach 195 stores by the end of 2024. This includes substantial extensions, exciting relocations, and the opening of new stores. Find out which locations made the list and learn more about this ambitious project here: #Primark #retailmanagement #businessgrowth

Saddened by the news that Brooks Brothers, Ted Baker and Lucky Brand are all leaving Canada. It furthers the argument I made in this article about the challenges facing the mid market. Each of these brands are owned by Authentic Brands Group and were troubled when acquired. They were brought back on the value of the brand, which is not a path for long term success in the mid market. Mid market is all about hitting the balance between price and quality that reflects what your unique customer wants. If you can not describe your target customer, what they value about your brand, and why they chose you over others, time to call Faculty of Change. I promise the ROI of this work alone (not even full Strategic Renewal) will be impressive. https://lnkd.in/gVsG22mC #retail #strategy

Vogue or Rogue? Aldi has done it again! They have playfully recreated March 2024 issue of British Vogue featuring 40 iconic women on the cover, in a shoot titled "Legends".🌟 And what have they replaced the legends with?🤔 Well, with their 40 best-known products.🛍️ Quite a humorous and, not to mention, timely campaign!😄 This is not the first time Aldi has done something like this. How could one forget the infamous Cuthbert cake saga? (That's a story for another time. ;) ) The brand has notoriously trolled both Nando’s and M&S in the past.🔥 Only time will tell how Rogue Aldi's campaigns will get.⏳ #marketing #vogue #advertisingandmarketing #Aldi

SEPHORA, the global beauty retail giant known for stocking brands such as Dyson, TATCHA and Urban Decay Cosmetics, has so far made a triumphant return to the UK market! 🎉 Leaving behind the challenges of the past, Sephora is embracing the current positive momentum across the beauty sector and seeing the results! 💷 Recent sales figures in the UK have surpassed expectations by a staggering 300%, solidifying SEPHORA's UK comeback story. Now, with the recent announcement of its strategic expansion into Northern territories, including the unveiling of a planned flagship store in Newcastle (Manchester will open it's doors this summer), SEPHORA's presence in the UK is more exciting than ever! 🚀 LVMH owned SEPHORA's decision to expand northward underscores its commitment to meeting consumer demands and diversifying its presence beyond London. Sarah Boyd, Managing Director of Sephora UK, has emphasised the significance of listening to consumer preferences, ensuring that every step aligns with the desires of beauty 💄 enthusiasts nationwide. The newly announced store in Newcastle's Eldon Square marks a positive boost for the development and region, solidifying Eldon Square's position as a premier destination in Newcastle city center and cements the city's growing allure for global retailers, promising job creation and economic growth. 💼 As SEPHORA continues its expansion journey in the UK, the future of beauty retail is certainly looking bright! ☀ #SephoraUK #BeautySector #BeautyRetail #ConsumerInsights #UKExpansion