All articles by Grace Bowden – Page 3
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NewsWalmart unveils drone delivery scheme for 4 million US households
Walmart’s new drone delivery service, which will be rolled out to six US states, will be available to shoppers by the end of the year.
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NewsPets at Home profits surge as sales climb bolstered by record new customer numbers
Pets at Home reported a jump in full-year profits and sales as outgoing boss Peter Pritchard as the retailer is ’well placed to accelerate our growth in market share’.
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NewsM&S ‘fundamentally changed’ as full-year profits climb and sales rise
Marks & Spencer has recorded a strong uplift in full-year profits bolstered by sales increases across both clothing and food, as outgoing chief executive Steve Rowe says the business has “the opportunity for substantial further growth”.
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AnalysisFrom AR to Gen Z – the must-read stories and insight from Retail Week Live 2022
Reporting by: Grace Bowden, George MacDonald, Hugh Radojev, Rosie Shepard, Luke Tugby
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NewsRetail sales decline as stretched shoppers rein in non-food spending
In April, retail sales registered a substantial decline in the volume of products bought year-on-year.
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NewsTesco axes multi-buy junk food deals despite HFSS delay
Tesco has said it will press ahead with plans to remove BOGOF deals on unhealthy items despite the government announcing that the regulations would be delayed for a year.
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NewsMade.com acquires Trouva as it ‘accelerates’ marketplace ambitions
Made.com has acquired homewares platform Trouva for an undisclosed sum, in a move that chief executive Nicola Thompson says will “significantly accelerate our growth strategy”.
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NewsMorrisons sweetens last-ditch McColl’s bid following EG Group swoop
Morrisons has upped its initial offer for convenience chain McColl’s in an eleventh-hour attempt to win the chain ahead of rival bidders EG Group.
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AnalysisDeep dive: Room for one more – are co-CEOs the future of retail leadership?
When it comes to leadership, are two heads really better than one? Marks & Spencer seems to think so. Retail Week explores the trend for co-chief executives in retail.
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NewsRevolution Beauty sales soar as boss hails ‘flight to value’ for cosmetics shoppers
Revolution Beauty has posted a strong uplift in full-year sales and profits, which boss Adam Minto believes will continue as value-conscious shoppers “accelerate” the D2C brand’s growth.
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GalleryStore gallery: Decathlon unveils ‘unique’ Liverpool city centre flagship
Decathlon has opened a new flagship store in Liverpool as the sports specialist ramps up its high street store network.
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NewsBensons poaches Costcutter director in executive reshuffle
Bensons for Beds has appointed Costcutter director Francesca Haynes to helm its retail division.
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NewsBoohoo boss pledges to ‘rebound’ as profits slide and returns rates spike
Boohoo has recorded a slide in preliminary profits exacerbated by slowing international growth, but boss John Lyttle says the etailer is “well-positioned to rebound strongly”.
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NewsReliance and Apollo join forces in bid to secure Boots takeover
India’s largest listed company Reliance Industries and US buyout firm Apollo Global Management, which had both previously bid separately for Boots, have launched a joint bid for the health and beauty chain.
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NewsSainsbury’s profits climb but sales slip as grocer braces for cost-of-living crunch
Sainsbury’s has recorded an uplift in full-year profits but warned that “significant external pressures” would dampen its profits in the upcoming financial year.
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AnalysisAnalysis: Five ways outgoing B&M boss Simon Arora created a value powerhouse
B&M chief executive Simon Arora will step down next year, having transformed the value operator into a UK retail powerhouse over the past two decades. His time at the helm offers lessons aplenty for his contemporaries, as Retail Week explores.
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NewsManoMano launches trade marketplace to supercharge UK growth
ManoMano has launched a dedicated online marketplace for UK trade professionals called ManoManoPro, which co-CEO Philippe de Chanville says offers a greater variety of products and prices than its competitors.
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NewsExclusive: Missguided boss steps down as etailer explores ‘strategic options’
Missguided founder and chief executive Nitin Passi will exit the business as it enters its next stage of growth.
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NewsNext teams up with investment firms to acquire JoJo Maman Bébé
Next and hedge fund Davidson Kempner have partnered to acquire mother-and-baby retailer JoJo Maman Bébé for an undisclosed sum.
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NewsOcado ex-worker ‘forced out’ for raising fire safety issues
Ocado has been ordered to pay a former employee £20,000 in damages after judges ruled his resignation amounted to constructive dismissal.