All articles by Hugh Radojev – Page 9
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Gallery
In pictures: Fragrance Shop showcases UK’s first ever ‘AI creation machine’
The Fragrance Shop has opened a new Oxford Street flagship, featuring the UK’s first-ever AI fragrance creation machine.
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News
Retail reliant on strong Black Friday after slow start to festive season
The retail sector is pinning its hopes on strong performance over the Black Friday weekend after a disappointing start to the festive trading season in terms of ecommerce performance.
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Analysis
What next for Hotel Chocolat after its sweet £534m deal with Mars?
Hotel Chocolat founder Angus Thirlwell says the surprise deal with Mars represents a “meeting of minds”, but after a torrid year what will the acquisition mean for the retailer?
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News
Burberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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News
Hotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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News
Retailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
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News
Ocado strikes first fulfilment deal outside of grocery
Ocado Group has struck its first deal providing automated fulfilment solutions to a non-grocery retailer in Canada.
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News
Sainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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News
Next juggernaut rolls on as it ups profit guidance
Fashion giant Next has increased its full-year profit guidance and reported an uptick in full-price sales.
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News
Asos losses deepen as it prioritises shift ‘back to fashion’
Embattled fashion retailer Asos has reported deepening losses and falling revenue, and unveiled plans for a strategic switch “back to fashion” in 2024.
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Analysis
Why Matthew Barnes is an ideal leader for post-Tarry Tesco
Last week grocery giant Tesco announced that long-serving UK and Ireland boss Jason Tarry would be stepping down after more than three decades with the retailer.
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News
Tesco UK boss Tarry to step down after 33 years at grocer
Tesco’s UK chief executive Jason Tarry is set to stand down from the supermarket giant after more than 30 years at the retailer.
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Analysis
Black Friday: Retailers confident of festive boost despite consumer caution
After one of the roughest years for consumer confidence on record, retailers are entering the golden quarter on less sure footing than ever.
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News
Asda poaches Aldi director for head of marketing role
Supermarket giant Asda has poached former Aldi marketing director Adam Zavalis to help “deliver outstanding quality products at incredible prices” for UK consumers.
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News
Business rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
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Analysis
Fat Face: What sort of business is Next buying and where does it fit?
Although Next boss Lord Wolfson recently said he was determined not to see the fashion giant become a conglomerate-style “corporate blob”, it has snapped up another retailer.
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News
Ted Baker owner steps in to prop up struggling retailer
Authentic Brands Group, the US-based owner of Ted Baker, has moved to head off a cash crunch at the fashion retailer as the company appointed to run operations struggles to raise financing.
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News
Grocery prices fall for seventh consecutive month
Grocery prices fell for the seventh straight month in September, bringing some much-needed relief to consumers in the run-up to Christmas, but food inflation is still in double figures.
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News
River Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
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News
UK consumers cut back on dining out to save for Christmas splurge
Cash-strapped consumers across the UK are reining in on eating out and buying takeaways to save up for what many see will be an expensive festive season.