All Retail Week articles in April 2023 – Page 6
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NewsQuiz sales soar as it hails ‘increased consumer demand’
Quiz has reported a 17% increase in revenue to £91.7m in the 12 months ending March 31.
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NewsAmazon strikes: hundreds of Coventry workers walk out over pay
Hundreds of Amazon workers have walked out in the first of two three-day strikes over pay.
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Opinion‘CEOs face the challenge of staying true to a long-term vision amid uncertainty’
Ahead of the World Retail Congress, Spencer Stuart’s Sally Elliott assesses the changing demands on retail chief executives and how effective succession planning can best position companies for success
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Innovation of the WeekInnovation of the Week: Alibaba and L’Oréal partner to promote circular beauty in China
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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InterviewMarks Electrical boss Mark Smithson on keeping its edge in a difficult market
The electricals sector has faced tough challenges amid the cost-of-living crisis, high inflation and a poor macroeconomic environment since Covid-19 but for Marks Electrical, the past few years have meant revenue growth and soaring sales.
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News‘Speed is of the essence’ for Superdry as it mulls equity raise
City analysts have warned Superdry that “speed is of the essence” if it wants to survive after the fashion retailer issued a profit warning and announced it was exploring an equity raise of 20% earlier today.
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NewsDiscounters and Asda follow Tesco and Sainsbury’s in cutting milk prices
Aldi, Lidl and Asda have all joined supermarket giants Tesco and Sainsbury’s in cutting the price of milk by at least 5p.
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NewsDr Martens issues profit warning as LA distribution centre increases costs
Dr Martens has issued a profit warning for 2023 as ongoing issues with its LA distribution centre meant costs were “higher than initial estimates”.
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NewsAO raises profit guidance again as it recovers from struggling market
AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.
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NewsJohn Lewis bids to win kidswear market share with expanded range
John Lewis hopes to seize a bigger share of the children’s clothing market with the launch of an expanded collection, including debut ranges from its new director of design for fashion, Queralt Ferrer.
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GalleryStore gallery: Inside PrettyLittleThing’s new ‘pink haven’ showroom
PrettyLittleThing has unveiled its new London-based showroom and office facility located in “the heart of Oxford Circus”.
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NewsSuperdrug and Savers become latest retailers to offer flexible pay
Superdrug and Savers have announced new benefits to help employees manage the cost-of-living crisis, including offering early pay and partnering with financial wellbeing and digital healthcare apps.
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NewsPandora latest retailer to offer pay rise for staff
Jewellery retailer Pandora has announced a pay increase for retail employees in the UK and Ireland, making this the third pay rise the retailer has offered in the past 12 months.
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AnalysisInflation, supplier relationships and loyalty – the take from Tesco boss Ken Murphy
From a chink of light at the end of the inflationary tunnel to the market share gains of discounters, Tesco boss Ken Murphy shared his thoughts on the state of play in UK grocery.
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NewsLVMH enjoys sales boom in ‘excellent start’ to the year
Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.
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NewsHolland & Barrett weighs up last-minute Planet Organic bid
Holland & Barrett, which is owned by Russian-linked investment group LetterOne, may be in talks to acquire struggling grocery chain Planet Organic and other assets, Sky News has reported.
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NewsAsda to offer staff a paid day off for King’s coronation
Asda is to offer all hourly paid store colleagues a paid day off for the King’s coronation bank holiday on May 8.
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NewsTesco expects flat profits amid soaring inflation pressures
Tesco has posted a fall in profit for the full financial year and forecasts flat profits in FY 23/24 as a result of “unprecedented levels of inflation”.
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NewsKidly turns to the crowd to raise cash for own-label range
Kidly has launched a crowdfunding campaign to invest in its own-brand range.
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InterviewQ&A: Cotswold Company CEO Ralph Tucker on repair shops, store openings and the four-day week
Tucker took on his first CEO gig at premium home and furniture retailer Cotswold Company just four weeks before the pandemic hit and has steered it through several crises since