All Retail Week articles in February 2024 – Page 7
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News
UK consumers face potential Red Sea tea shortages
British consumers could face shortages of black tea products in supermarkets as the unrest in the Red Sea continues.
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News
Yodel secures rescue deal led by rival Shift
Parcel delivery group Yodel has been acquired by a privately funded consortium led by executives of rival company Shift for an undisclosed sum.
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Opinion
‘We need a government that offers business leaders a seat at the table’
Retail needs to see joined-up government thinking that understands you cannot increase costs from every angle all at once, says the BRC’s Helen Dickinson
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Analysis
Cider: What you need to know about the fast-fashion brand challenging Shein
As the fast fashion sphere becomes more competitive than ever, Retail Week sheds light on rapidly rising fast-fashion brand Cider and why it’s giving Shein a run for its money.
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News
January ecommerce sales suffer as demand weakens
Ecommerce sales took a sharp dip in January as most product categories recorded a slowdown due to weakened demand.
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News
Deliveroo, Uber Eats and Just Eat riders to strike on Valentine’s Day
Delivery drivers working for four takeaway apps, including Deliveroo and Uber Eats, are preparing to strike on Valentine’s Day as they push for better pay and working conditions, the BBC has reported.
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News
Aldi commits £550m to bolster store network in 2024
Aldi will invest more than £550m into “expanding and further improving” its store and distribution network this year, creating more than 1,500 new jobs across the UK.
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News
B&Q becomes ‘highest-paying major retailer’ after pay boost
B&Q has raised its hourly rate of pay and now claims to be the highest-paying major retailer in the UK.
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News
Matalan poaches new CFO from Poundland
Matalan chief financial officer Stephen Hill has stepped down from his role and will be succeeded by former Poundland finance director Dave Williams.
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News
Evri parcelled up for £2bn sale
Evri is being prepared for a multibillion-pound sale by its private equity owner, according to reports.
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News
New Body Shop owner prepares to appoint administrators in UK
The Body Shop’s new owner is preparing to call in administrators just weeks after taking over the retailer.
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Innovation of the Week
Co-op turns to AI and secure tills to combat retail crime
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
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Data
Ranking: The top 30 biggest retailers in the UK and where they’ll be in three years
Asos gets the boot, the discounters hit peak growth, Shein soars and more in our annual ranking of the 30 biggest UK retailers and where they’ll be in three years
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News
Exclusive: Shein to knock Asos out of UK’s top 30 retailer ranking
Asos will drop out of the list of Britain’s biggest retailers by 2027 as it gets overtaken by Shein and Zara owner Inditex, Retail Week can reveal.
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News
Waterstones profits fall as IT issues cause order backlog
Waterstones’ full-year profits declined despite a boost in sales as issues with stock distribution technology caused a backlog of orders.
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News
Missy Empire under fire over allegations of ‘toxic’ working culture
Fast fashion brand Missy Empire has been accused of fostering a “toxic culture” as some female former employees have made claims regarding bullying and abusive and degrading comments, according to The Guardian.
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News
Asda hit by first store strike in living memory
Asda supermarket workers in Gosport, Hampshire, went on strike for 48 hours over the weekend - the first time there has been a store staff strike in living memory.
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News
EE to invest £6m in UK store estate over next 12 months
Mobile phone provider EE has announced it will invest a total of £6m into its UK store estate over the next 12 months as part of its ongoing retail strategy.
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News
Under Armour ‘on track’ for full year despite sales dip
Sportswear retailer Under Armour has said it delivered better than expected profitability and remains “on track” for the full year, despite a decline in sales in its third quarter.
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News
Barclays acquires Tesco Bank in £600m deal
Barclays has today confirmed it will acquire Tesco Bank in a £600m deal, which will see the bank take on the grocery giant’s 2,800 employees working across banking products.