All Retail Week articles in 18-24 July 2020 – Page 2
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News
High streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.
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News
Eve Sleep narrows losses despite sales slide
Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
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News
Kingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
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News
Ebay sells Gumtree to Norwegian rival Adevinta in $9bn deal
Ebay has sold its online classifieds business, which includes its Gumtree platform in the UK, in a $9bn (£7.1bn) deal as it ramps up focus on its core marketplace proposition.
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Retail Voice
Data: How coronavirus has altered shoppers' mindsets
Shoppers will favour local stores as life gets back on track, despite more than half of Brits being worried that their finances will be severely affected, new YouGov stats reveal.
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Analysis
Dispatch: How Saudi Arabia’s VAT rise sparked a retail sales boom
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts, who provide their insights into how they are coping with the pandemic.
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News
Government opens call for evidence on business rates reform
The government has launched a call for evidence on possible future reform of the existing business rates system.
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Opinion
‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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Opinion
John Roberts: 'Why all AO staff – not just bosses – will share our success'
At AO.com, we talk a lot about trying to do things that would make our mums proud.
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News
Superdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
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News
Matalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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News
Delivery firm Hermes to create 10,500 jobs to capitalise on UK ecommerce boom
Delivery giant Hermes has said it plans to create some 10,500 jobs in the UK after seeing a surge in demand from people shopping at home during the coronavirus lockdown.
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News
Grocery market grows at fastest rate since records began
Sales of take-home groceries have soared to new heights, growing faster than at any time since records began in 1994, according to the latest market share data.
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News
Co-op staff don face coverings early to encourage consumer use
Staff at one of the biggest Co-ops began wearing face coverings yesterday to promote their use ahead of them becoming compulsory for shoppers on Friday.
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News
AO.com to reward all staff through ambitious incentive plan
All of electricals etailer AO.com’s 3,000 staff are to share in value created in the company through a reward plan that will recognise “truly exceptional performance”.
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News
Ted Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
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News
Asda sale talks back on, Walmart reveals
Walmart has recommenced discussions with potential buyers of a stake in Asda, the US giant said.
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News
Week five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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News
Marks & Spencer axes 950 jobs as it ‘accelerates transformation’
Marks & Spencer is to cut almost 1,000 jobs as it reshapes operations through the ‘Never the Same Again’ programme unveiled as the coronavirus pandemic hit.
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News
Huawei makes UK retail debut with launch of three stores
Huawei is ploughing £10m investment into the launch of three stores on UK high streets over the next year, creating 100 new jobs.
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