All Retail Week articles in April 2022 – Page 4
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News
Data: Inflation hits 30-year high of 7% as fuel and food prices soar
The annual rate of inflation recorded a rise to 7% in the 12 months to March as the cost of living continues to soar.
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Gallery
Store gallery: Zara unveils most tech-driven store yet with scan-and-go payments and automated returns
Zara has opened its most innovative store concept in Plaza de España in Madrid.
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News
Tesco full-year profits skyrocket bolstered by 'strong' sales
Tesco’s preliminary profits have more than tripled as boss Ken Murphy hails the grocer’s “strong performance” and says the chain is better placed than its rivals to tackle the looming cost of living crisis for shoppers.
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Interview
Interview: Mike Yorwerth – the tech chief putting digital Sparks into M&S
When Mike Yorwerth joined Marks & Spencer at the start of last year, the retailer had made a definitive switch towards a digital-first model after the Covid pandemic sparked a shopping shift online.
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News
Asos looks forward to ‘summer of fun’ despite consumer gloom
Asos chief operating officer and chief financial officer Mat Dunn was optimistic about prospects, despite the challenges facing the business and consumers such as inflation and ongoing supply chain disruption.
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News
Marks & Spencer launches spring/summer lines on rental platform Hirestreet
Marks & Spencer has introduced a range of new season womenswear on specialist platform Hirestreet in its latest tie-up with the rental platform.
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News
Boots owner set to lose billions on sale of health and beauty giant
US retailer Walgreens faces losing billions after the private equity firms earmarked to take over Boots valued the retailer much lower than Walgreens’ official price tag.
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News
Asos profits plunge following period of ‘significant volatility and disruption’
Asos has reported a drop in pre-tax profits in its interim results as it continues to grapple with supply chain challenges.
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News
eBay launches £1m investment programme for small businesses
eBay has unveiled an investment programme and regional roadshow, designed to help small online businesses navigate rising inflation and the impact of the pandemic.
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Analysis
Analysis: What the Farfetch and Neiman Marcus partnership reveals about the future of luxury
Farfetch is to invest up to $200m (£153m) in Neiman Marcus as part of a wide-ranging partnership. What are the implications of this tie-up for the luxury sector as a whole?
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Data
Data: Retail sales take a hit from rock-bottom consumer confidence
Retail sales were battered in March as consumer confidence waned in light of rising inflation.
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News
George at Asda launches collaboration with Netflix
George at Asda will partner with Netflix to offer a range of fashion and lifestyle products based on the streaming service’s original series.
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News
Marks & Spencer cuts prices of everyday foods as cost of living climbs
Marks & Spencer has reduced the prices of 60 staple foods in its Remarksable Value range as consumers’ cost of living soars.
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News
Asda reignites ‘equal value’ row with pay offer to warehouse staff
Asda has reignited a long-running equal pay row after being accused of offering male staff a larger pay rise than female employees.
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Analysis
In pictures: Boohoo unveils ‘model factory’ to reinvigorate Leicester rag trade
Boohoo has opened the doors of its first clothing production factory, which boss John Lyttle says is a commitment to Leicester’s “great future” as the hub of the UK textiles industry.
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Retail Voice
How to tackle three of the biggest challenges retailers face
With customer demands shifting by the hour and efficiencies being strained, it is often difficult for retailers to be certain they are making the correct calls. Faculty’s Matt Hopkins examines how businesses can make the right decisions quickly.
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News
Sainsbury’s becomes first major grocer to pay both real and London living wage
Sainsbury’s will increase pay for Sainsbury’s and Argos store employees in outer London, becoming the first major supermarket to pay the real living wage and London living wage to all its store workers.
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News
Morrisons’ new owner offers to sell petrol stations to ease fuel price fears
The private equity owner of Morrisons has offered to sell several of its petrol stations following concerns from the competition watchdog that the takeover could lead to higher fuel prices.
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Report Store
Retail’s New Consumer Personas
Understanding behaviours and buying habits of today’s global consumer