All Retail Week articles in December 2022 – Page 2
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Report StoreCrisis and the consumer
Half of consumers plan to spend less this Christmas and 40% are looking to spend the same as last year, a major new research report from Retail Week reveals.
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AnalysisHow to break free of a harmful promotional cycle
Shoppers love promotions – they capture new customers, get lapsed ones excited again and, crucially, can have an immediate and overwhelming impact on sales.
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NewsVery Group launches AR feature allowing app users to try makeup virtually
The Very Group has launched in-app augmented reality features that allow customers to try out new cosmetics products digitally.
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DataGrocery price inflation still at record high despite first drop in nearly two years
Grocery inflation was still at a near-record high in November, despite prices dipping slightly for the first time in 21 months.
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NewsAsda to create 10,000 new jobs with rollout of 300 Express stores
Asda is accelerating its push into the convenience store market in the UK with plans to open 300 Express stores over the next four years, creating 10,000 new jobs in the process.
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NewsGreggs expands outlet chain as it seeks to cut food waste
Food-on-the-go specialist Greggs has opened the 30th store of its outlet chain, which enables it to minimise waste while contributing to deprived communities.
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NewsFenwick sells Bond Street store to fund return to profitable growth
Department store group Fenwick is to leave central London after selling its Bond Street branch to provide the fresh capital investment needed to restore profitable growth.
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NewsExclusive: The Body Shop executive Linda Campbell steps down
The Body Shop’s global retail director Linda Campbell has stepped down from the business with immediate effect, Retail Week has learned.
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NewsMoonpig lowers sales forecasts amid ‘challenging’ pre-Christmas trading
Moonpig has reduced its full-year sales forecasts after turbulent trading conditions hit its top line.
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NewsQuiz swings to profit as sales rebound post-pandemic
Quiz has swung back into the black as sales rebounded in its stores, concessions and online following the disruption of the pandemic.
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NewsExclusive: Fat Face profitability returns to pre-pandemic levels
Fashion retailer Fat Face’s pre-tax profits jumped following a record sales performance last year that helped profitability return to pre-pandemic levels.
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DataRanking: The UK’s busiest retail websites on Black Friday 2022
Retail Week’s ranking of the UK’s busiest Black Friday sites reveals another reserved year for what was once one of the busiest weekends of retail’s promotional calendar
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NewsFrasers Group profits and sales surge on the back of acquisitions
Frasers Group’s profits and revenues have soared, driven by the retailer’s new brand acquisition strategy, disposal of some assets and the continued growth of Flannels.
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NewsIn the Style launches strategic review as it swings to loss
Fashion brand In the Style has launched a strategic review of the business after its chief executive stood down and the business swung to a loss.
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NewsCash retail payments halved last year as ecommerce sales soared
Cash accounted for just 15% of all transactions in 2021, the latest figures from the British Retail Consortium (BRC) have revealed.
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NewsMorrisons strikes warehouse sale and leaseback deal for £220m
Morrisons is said to have entered a sale and leaseback deal to accelerate the rollout of its convenience store format.
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NewsRoger Whiteside to take on senior non-exec role on Card Factory board
Former Greggs chief executive Roger Whiteside is taking on a senior non-executive role on the board of Card Factory.
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NewsPrimark to open 10 new stores before Christmas
Primark owner ABF has announced it is to open 10 new stores before Christmas.
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Opinion‘Retail’s recent wave of IPO companies look like beached whales’
The performance of the wave of retail initial public offerings (IPOs) in the past couple of years has been the worst advert imaginable for the industry.
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GalleryStore gallery: Inside Nothing’s high-tech Soho playground
London-based tech start-up Nothing opened its first bricks-and-mortar store on December 10.