All Retail Week articles in 5-11 September 2020 – Page 2
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NewsJD Sports half-year profits slide as online sales costs mount
JD Sports has delivered a fall in pre-tax profit at the half-year mark despite a minimal sales decline due to steep costs associated with fulfilling its online orders.
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NewsFortnum & Mason chief executive to step down
Fortnum & Mason’s long-standing chief executive Ewan Venters is set to step down from his role in the new year.
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Opinion‘Charles Wilson, retail legend – the industry will be poorer without him’
“Tesco might be buying Booker, but the biggest thing they are getting in this deal is Charles Wilson.”
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Retail VoiceFive ways online retailers can remain resilient against future disruption
As businesses count the cost of Covid-19 and prepare for the future, Citrix’s Rob Kenny highlights five key factors that will help online retailers to adapt and thrive.
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NewsIceland creates 3,000 new jobs to deal with ecommerce surge
Frozen food specialist Iceland has created 3,000 new jobs to help it cope with the boom in ecommerce demand driven by the coronavirus pandemic.
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NewsBoden profits fall amid major investments in online and fulfillment
Boden reported a drop in profits for 2019, as it invested more in its online offerings and fulfilment capabilities, with a particular focus on the US.
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NewsAmazon pays £293m in direct UK tax despite £13.7bn revenue
Amazon paid out £293m in “direct taxes” on its UK operations in 2019, despite the group’s UK revenue surging to £13.7bn that year.
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NewsTiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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AnalysisAnalysis: How coronavirus has shifted JD Sports boss Cowgill’s priorities
JD Sports has made a name for itself as one of UK retail’s star performers. And despite the hammer blows coronavirus has delivered to swathes of the sector, the sports fashion giant has emerged bruised but still swinging.
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Opinion‘If landlords reject New Look CVA, they’ll be next in line for administration’
A lot of people have had to swallow bitter pills to help safeguard the future of New Look. Now one final group, landlords, is being asked to share the harsh medicine.
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NewsPhilip Day considers sale of Jaeger and Austin Reed
Edinburgh Woolen Mill boss and retail mogul Philip Day has brought in advisers to assess the sale of a number of his brands, after receiving unsolicited offers.
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Retail VoiceFour global marketplaces you haven’t heard of (but need to)
Retailers are facing up to a new reality. With online retail sales still 50% higher than pre-pandemic levels, there are new opportunities for businesses to connect with shoppers on their path to purchase by partnering with global marketplaces.
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NewsTesco to pilot drone deliveries in innovation drive
Tesco is to start testing home grocery deliveries by drone as it ramps up its innovation drive.
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NewsWatch: Tesco must do more to enforce face masks in store, urges Andy Burnham
Andy Burnham, the Mayor of Greater Manchester, has slammed supermarkets for not enforcing the wearing of face masks in-store in an interview with Retail Week.
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NewsMorrisons boss Potts pledges further price cuts in run-up to Christmas
Morrisons chief executive David Potts has pledged that the grocer will make further price cuts in the run-up to Christmas as the effects of the recession continue to bite.
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NewsThe Hut Group aims to raise £1.9bn as it confirms IPO
The Hut Group has confirmed its intention to launch a £4.5bn stock market listing that would give the etail group a £5.4bn market capitalisation.
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NewsL’Oreal boosts sustainability with make-up recycling scheme
L’Oreal plans to roll out make-up recycling bins across 1,000 stores in the UK in a bid to drive sustainability.
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AnalysisAnalysis: Does a new golden age beckon for UK grocers following pandemic?
Morrisons boss David Potts described the first half of the year as the “renaissance of the British supermarket”. Retail Week analyses whether the stats back up his assertion and what it means for the wider grocery market
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GalleryStore gallery: Rolling Stones launch Carnaby Street flagship store
The Rolling Stones have opened their first permanent store on London’s Carnaby Street with product ranging from limited edition artwork to plectrums and face masks.
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Digital editionRetail Week magazine: September 11
This week’s issue looks at the challenge faced by city centres amid the coronavirus pandemic, what the future holds for WHSmith’s travel division, and Amazon’s “seamless shopping experience” as its first supermarket opens in LA.
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