All Retail Week articles in January 2023 – Page 4
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News
Argos Ireland closure and Lloydspharmacy withdrawal from Sainsbury’s put 2,600 jobs at risk
Around 2,600 retail jobs could be lost after Argos revealed it will end its operations in Ireland and Lloydspharmacy decided to close its branches in Sainsbury’s stores.
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News
Consumer confidence shows no improvement as it drops to near-historic lows
UK consumer confidence dropped again in January and showed little signs of improvement as it reached near-historic lows.
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Opinion
‘Don’t write off the pureplays, despite a Christmas shocker’
As store shutters slammed down during lockdowns, some wrote off the likelihood of a bricks-and-mortar recovery. Now the same gloom has descended over pureplays. It was proven wrong then and it will be proved wrong now.
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News
Superdrug reports strong Christmas sales as customers return to high streets
Superdrug has posted strong Christmas sales driven by customers returning to bricks-and-mortar stores, strong demand for fragrance and cosmetics products, and the launch of a new marketplace.
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News
Dr Martens warns on profits after ‘challenging conditions’ in US
Dr Martens has blamed operational issues at its US distribution centre and “unseasonably warm weather” for its latest profit warning as direct-to-consumer growth slowed.
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News
Mamas & Papas unveils new chief executive as it targets global expansion
Mamas & Papas has announced key changes to its executive team ahead of its planned expansion into international markets.
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News
Hotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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Gallery
Store gallery: Whole Foods Market’s new store in iconic New York building
Whole Foods Market has opened a store in one of New York’s most famous buildings, showcasing local products and catering to the district’s well-heeled clientele.
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News
Deliveroo profits break even despite dwindling order volume
Deliveroo has taken a step towards profitability, having broken even on EBITDA, despite dwindling order numbers across its UK and international businesses.
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News
Dunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.
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News
Boohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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Analysis
Coupang: What can UK retailers learn from the Amazon of South Korea?
Coupang has turned industry heads around the world, with many claiming the Korean platform has even managed to ‘out-Amazon’ Amazon. So what sets it apart? And what might UK retailers be able to learn from its example?
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Analysis
Analysis: How consumers shopped the electricals sector this Christmas
Once a stalwart of Christmas and Boxing Day Sales shopping, the pressure from the cost-of-living crisis meant electricals presented a mixed bag for retailers over this festive season.
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News
Farfetch announces key leadership changes with new executives
Online luxury fashion retail platform Farfetch has made key changes to its leadership team with new executives joining the business.
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News
Gymshark poaches former Lacoste executive as first supply chain boss
Gymshark has announced that Laurent Madelaine will join the brand as its first-ever chief supply chain officer.
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News
Inflation dips in December but UK households still feel squeeze
UK inflation dipped in December but remains at one of the highest levels since records began as the cost-of-living crisis continues.
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Opinion
Stuart Machin: ‘Customers want great shops and our communities need them’
In the week in which M&S unveiled an investment of almost £500m in stores, chief executive Stuart Machin explains the benefits of a store rotation programme and how it supports the case for redevelopment of its Marble Arch flagship
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News
Burberry pins sales slowdown on Covid disruption in China
Burberry has reported a slow growth in sales over Christmas as a result of Covid-related disruption in China.
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News
CMA launches inquiry into £600m Asda forecourt c-stores deal
The Competition and Markets Authority (CMA) has launched an inquiry into Asda’s proposed £600m acquisition of 129 Co-op forecourt convenience stores.
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News
Aldi increases base rate of pay for warehouse workers
Discounter Aldi has raised the base rate of pay for its warehouse workers by 20%, following on from an increase for store staff earlier in the month.