All Retail Week articles in February 2024 – Page 2
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NewsIssa brother mulls sale of Asda stake to focus on petrol forecourt empire
The ownership team behind supermarket chain Asda could be set to shuffle again after reports emerged that one of the Issa brothers is exploring a sale in his stake of the business.
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NewsTreasury to review VAT-free shopping ‘tourist tax’ ahead of Budget
The Treasury is reviewing the so-called ‘tourist tax’ on VAT-free shopping ahead of the spring Budget and could ditch the policy in a boost for retail.
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NewsRevolution Beauty reaches settlement with former CEO
Revolution Beauty has reached a settlement agreement with former chief executive Adam Minto after a long-running legal battle over delayed results, which saw the business removed from the stock market.
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NewsTed Baker owner Authentic mulls CVA as it cuts ties with UK retail partner
Ted Baker owner Authentic is reportedly mulling a CVA of the fashion retailer following the announcement it has cut ties with AARC, the Dutch retail group running its stores and ecommerce business across the UK and Europe.
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NewsL’Oréal orders staff to return to office
Global cosmetics giant L’Oréal has ordered its staff to return to the office for at least two Fridays every month as it tightens remote working policies, The Times has reported.
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NewsAsda to open 110 Express c-stores in February
Asda has announced it plans to open 110 Express convenience stores across the UK in February – a record for the retailer in a single month.
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NewsSuperdrug and Co-op kick off Apprenticeship Week with new roles
Superdrug and the Co-op have announced new apprenticeship roles as they push for reform to the apprenticeship levy scheme.
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NewsNaked Wines names new chief executive
Naked Wines has named Rodrigo Maza as its new chief executive as Rowan Gormley moves back to his former non-executive chair role.
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NewsNew Balance launches resale platform
New Balance has launched a new resale platform, Reconsidered, allowing consumers to shop for pre-owned shoes as it looks to focus on the “longevity and circularity of products”.
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AnalysisThe rise of retail media networks: why the digital ad revolution is taking off
With The Co-op announcing the launch of the UK’s first retail media network in the convenience sector, Retail Week assesses whether the advertising platform is a viable option for all retailers to explore.
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NewsExclusive: Asos and Boohoo turn to nearshoring as Red Sea crisis intensifies
Asos and Boohoo are relying on nearshoring their supply chains to navigate the ongoing challenges of attacks on container ships in the Red Sea.
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NewsRetail sales slow in third year of high living costs
UK retail sales slowed in January as “the higher cost of living continued into its third year,” according to the latest BRC-KPMG Retail Sales Monitor.
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NewsSnap to lay off 10% of its workforce
Snap Inc, which operates Snapchat, plans to axe “approximately” 10% of its staff, which is estimated to be around 500 people.
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NewsMorrisons store chief David Lepley resigns
Morrisons’ long-serving store chief David Lepley has resigned from the supermarket chain, as new boss Rami Baitiéh promises to “reinvigorate” the grocer.
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AnalysisHow retailers can entice cash-strapped shoppers to spend in 2024
Shoppers may not be hitting the high street or splashing out on big-ticket items, but household spending has jumped sharply over the past year owing largely to price rises
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NewsSephora launches global branding as it seeks to ‘reinvent’ beauty industry
French beauty giant, Sephora is adopting a global brand signature as it looks to shape ”the prestige beauty industry” and ”reinvent the codes of beauty.”
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GalleryCastore opens first of 24 new flagships in Dublin
Manchester-based sportswear retailer Castore has opened doors to a first-of-its-kind flagship store in Dublin, Ireland.
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NewsOnline shoppers turn to BNPL for January sales
Online spending in the UK in January increased 3.4% year on year as shoppers bought exercise equipment and made the most of the post-Christmas sales.
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NewsEstée Lauder to cut roles as global sales decline
Global cosmetics giant, Estée Lauder Companies has confirmed restructuring plans as global sales declined in the three months to December 2023.
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NewsRituals sales soar driven by strong European home performance
Wellness and beauty retailer Rituals has posted record full-year sales as it grew “across all countries and across all channels” in 2023.