All Retail Week articles in December 2023 – Page 4
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NewsSosandar swings to loss despite growth in revenue
Sosandar reported a loss in the first half of the year despite a growth in revenue as it continues to move towards a multichannel model.
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NewsWaitrose to expand export business as global sales grow
Waitrose has unveiled plans to expand its export business as demand for products continues to grow in international markets.
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NewsPepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
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GalleryLush opens biggest store yet in Glasgow
Lush, the handmade bath and body retailer, has opened its biggest Scottish store on Buchanan Street, Glasgow, featuring experiential concepts and an in-store coffee shop.
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AnalysisThe trends and categories set to dominate Christmas spending
Following a record Black Friday and Cyber Monday, with Shopify merchants reaching a total of $9.3bn (£7.4bn) sales globally, the ecommerce platform predicts the top trends setting retailers up for a very merry Christmas
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AnalysisThe AI revolution: the future of retail or the next ‘shiny object’?
AI is making waves in the retail industry – but it is not without its challenges. Retail Week examines how retailers are overcoming the difficulties associated with adopting new technologies.
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NewsRevolution Beauty reaches legal settlement with co-founder
Revolution Beauty has announced it has reached a £490,000 settlement agreement with co-founder Tom Allsworth.
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NewsInditex profits and sales rocket
Spanish fashion giant Inditex has reported soaring profits and sales and hailed the response of customers to its autumn and winter collections.
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NewsProCook shows strong golden quarter trading
ProCook losses have improved, but the retailer is still in the red despite outperforming the market over Black Friday and the early part of Christmas trading.
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NewsPoundland hires nearly 1,000 former Wilko staff in 70 days
Poundland has so far hired 962 former Wilko staff in 70 days after it acquired several former Wilko sites.
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NewsProCook boss expects profit to break even as it plans return to growth
ProCook chief executive Lee Tappenden has said he is “cautiously optimistic” about Christmas trading following a strengthened Black Friday performance.
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NewsLondon Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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NewsPotential Boots and Shein IPOs show ‘there is life’ in the City
As the week saw news of both Boots and Shein exploring a public listing in London, analysts told Retail Week that there may still be “life in the old dog yet”.
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NewsRetailers call for levy scheme reform to secure UK food supply
The British Retail Consortium alongside the National Farmer’s Union (NFU), UKHospitality and seven leading grocers have called for reform to the apprenticeship levy system.
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Opinion‘Fewer, better stores will be a focus for many retailers in 2024’
Increased demand for space in retail parks and dealing with the effect of higher rates will be among the property considerations to characterise retail next year, believes Jonathan De Mello
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AnalysisThe Disruptors: Four tech firms ensuring crime doesn’t pay
With retail crime making the headlines, tech companies are coming up with inventive ways to tackle the problem. From security robots to AI camera systems, we highlight four innovative solutions to shoplifting
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NewsCurrys sales decline but profit guidance holds
Currys reported a decline in group revenue for the six months ending October 31, but made no change to profit guidance as trading remained in line with expectations.
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GalleryBang & Olufsen opens global flagship on New Bond Street
Luxury electricals brand Bang & Olufsen has opened a global flagship on New Bond Street, showcasing its range of speakers and televisions.
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NewsMusic Magpie credits record Black Friday for boosting performance
Music Magpie said a record Black Friday period has helped “offset a softer H1” as it posted its pre-close trading update to November 30, 2023.
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NewsSephora expands with third store in Manchester
French beauty retailer Sephora has revealed plans to expand in the North of England, with a third UK store opening in Manchester’s Trafford Centre.