All International articles – Page 17
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Analysis
Analysis: What are the implications for retail as sterling takes a pounding?
The new government’s mini-budget last week proved to be anything but. Indeed, it was so dramatic that it has spooked financial markets and sent the pound to record lows against the dollar.
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News
Retail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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Opinion
‘Even wealthy consumers may reach a tipping point where prices are too high’
Careful management is needed or luxury retail – often insulated from the effects of downturns – may not emerge unscathed from the impending recession, warns Alvarez & Marsal’s Erin Brookes
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Analysis
Strategy spotlight: Five things to know about Currys as it transforms to navigate the cost-of-living crisis
Chief executive Alex Baldock is pushing ahead with a transformation plan for Currys, which focuses on leveraging omnichannel and credit, and more recently addresses inflation and the rising cost of living.
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News
Inditex sales reach ‘historic high’ as it expands store estate worldwide
Inditex, the owner of brands including Zara, has registered record sales with positive numbers across all countries in which it operates.
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News
Discount grocery start-up Motatos raises £33m for UK expansion
Sweden-based discount ecommerce grocer Motatos has raised £33m in its latest round of seed funding with plans to expand its operations in the UK and Germany.
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News
EG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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Gallery
In pictures: Great food halls from around the world
As Selfridges’ new owners formally take the keys to the legendary department store business, one of their priorities is to modernise the food hall at the Oxford Street flagship.
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Analysis
Data: JD Sports vs Frasers Group – two sports retail titans square up
The rivalry between JD Sports and Frasers Group – formerly Sports Direct – is one of the longest-running in UK retail. Now with fresh blood at the helm of both empires and expansion plans on the horizon, which is best placed to take the lead?
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News
Farfetch to buy stake in Yoox-Net-a-Porter from Richemont
Farfetch has snapped up a large stake in Yoox Net-a-Porter as owner Richemont right-sizes its assets
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Analysis
Analysis: Five things you need to know about beauty B Corp Natura
The Body Shop’s parent company Natura &Co has been through a tumultuous few years since it acquired Avon in 2020
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News
Selfridges’ new owners unveil omnichannel ambitions as £4bn deal completes
The new owners of Selfridges intend to create “the world’s leading luxury omnichannel platform” following the completion of the takeover, understood to be valued at £4bn.
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News
Frasers Group makes cash offer for MySale as it eyes international expansion
Frasers Group has made an offer for Australian flash Sales website MySale as the retail group seeks to further bolster its roster of recent acquisitions.
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Analysis
Authentic Brands – the conglomerate bidding to put Ted Baker back in fashion
Authentic Brands is a name that’s been mentioned in British retail acquisitions lately, but who is the retail conglomerate, and where could it be looking next?
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Analysis
‘The days of cheap food are over’ – how food security concerns are fuelling higher prices
With the entire UK state fraying at the seams, surging energy prices, war in Europe and heatwaves have exacerbated worries about the country’s long-term food security
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News
Marks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.
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Analysis
Profile: Régis Schultz – the man stepping into Cowgill’s trainers at JD Sports
JD Sports has appointed Régis Schultz as its new chief executive, but can the Frenchman alleviate the City’s governance concerns while keeping the business’s growth on track?
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News
Hotel Chocolat’s Japan venture reaches melting point
Hotel Chocolat’s Japanese joint venture has entered into “civil rehabilitation”.
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Data
Walmart issues profit warning as costs soar and inflation bites
US retail giant Walmart has warned on profits for the second time this year, as soaring inflation curbed customer spending
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News
Amazon blames inflation after increasing cost of Prime subscription
US giant Amazon is increasing the cost of its Prime subscription across its five key European markets as it seeks to offset increases in operating costs