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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. In 2022, SHEIN opened three new distribution centers, in Poland, Italy and the United Arab Emirates, bringing the total number of SHEIN “nearshoring bases” in EMEA to eight.

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Brett Blundy agrees to sell Accent stake to UK retail group Frasers

Inside Retail

per cent of Accent’s shares in November 2017 for $61 million and hit the 19 per cent mark in May 2022. However, net profit fell from $88.7 Frasers Group is listed on the London Stock Exchange with a market value of £3.9 Blundy, a director of Accent, has sold all of his 14.7 He first bought 14.4 billion the year prior.

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Is Sa Sa’s store closure in China a tactical withdrawal or strategic surrender?

Inside Retail

Hong Kong-listed multi-brand beauty retailer Sa Sa International Holdings has shuttered all of its remaining stores in Mainland China, drawing a line under a decade-long push into the world’s second-largest beauty market. billion, while net profit plunged 64.8 Combined turnover in the two markets declined 12.3

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Rituals targets UK expansion after hitting record €2bn sales

Retail Gazette

Sales in these markets rose by 39% to 172m (148.6m) in 2024. Rituals international footprint has expanded rapidly since entering Asia in 2022, with new stores in Hong Kong and Japan contributing to 46 locations across the continent in 2024. The growth is largely driven by strong sales in Europe and a growing presence in Asia.

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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How HomePro aims to grow in Thailand’s fragmented DIY market 

Inside Retail

Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 billion) in 2022, and this figure probably understates the true size of the pie. Net profit came in at 1.6

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Why Premier Investments is “well-placed” to meet economic pressures

Inside Retail

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 per cent on the first half of 2022 – is a common trend across the retail industry, due to the return to in-store shopping.