All Retail Week articles in January 2024 – Page 7
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NewsNickolds exits Sainsbury's to become White Company CEO
Sainsbury’s has unveiled a host of changes to its operating board, the most notable being the departure of general merchandise commercial director Paula Nickolds.
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NewsLosses deepen at The Works as Christmas fails to deliver
The Works has reported deepening losses as cash-strapped customers prioritised food and essentials over gifts at Christmas.
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NewsPepco delivers record revenues as it warns on Red Sea disruption
Pepco Group, which owns Poundland in the UK and the Pepco and Dealz brands in Europe, has posted record first-quarter group revenues.
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NewsDunelm holds firm on outlook despite surging sales
Dunelm has refused to nudge up full-year profit expectations despite hailing “strong sales growth” in the first half of the year.
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NewsCurrys upgrades profit guidance despite sales slip
Currys expects full-year profits to exceed consensus expectations following a “successful peak trading period”.
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NewsNaked Wines sales slip as repeat customer base shrinks
Naked Wines said that constant currency sales were down over peak trading but are steadily improving, despite its average repeat customer base shrinking by 12%.
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NewsJD Sports completes Polish acquisition
JD Sports has completed the acquisition of Poland-based footwear and clothing company Marketing Investment Group (MIG) as it strengthens its foothold in Central and Eastern Europe.
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NewsWatches of Switzerland issues profit warning
Watches of Switzerland has issued a profit warning as shares plummeted by more than 25% this morning. In the run-up to Christmas, consumers opted to spend on fashion, beauty, travel and hospitality rather than luxury.
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NewsMarks & Spencer unveils ‘biggest ever’ investment in Scottish stores
Marks & Spencer is to invest £30m to open or expand shops in Scotland.
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NewsN Brown ‘confident’ in strategy despite dip in sales
Fashion group N Brown, which owns Simply Be, Jacamo and JD Williams, has said it is “confident” in its strategic direction for the year ahead, despite posting a dip in sales in its third quarter.
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NewsCurrys boss blasts ‘inflationary’ government proposals
Currys chief executive Alex Baldock has lashed out at government “meddling” heaping unnecessary pressure on the retail sector.
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GalleryBrazilian brand Farm Rio opens first European store on King’s Road
Brazilian fashion and lifestyle brand Farm Rio has opened its 100th international and first-ever European store on King’s Road, Chelsea, London.
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NewsWickes makes store manager roles more flexible
Wickes has introduced flexible working options to all store manager roles across its estate.
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Opinion‘Big changes at Sainsbury's hint at next strategic phase’
As Sainsbury’s prepares for a strategy update to the City at the start of next month, some big developments hint at what may be expected
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NewsRetailer pain from volume hit to December sales, ONS reports
Retail sales advanced by value in December but volume slid, official data shows.
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NewsDFS suffers weather hit to sales but confident in full-year guidance
Sofa giant DFS has reported a fall in demand but still expects to meet full-year earnings expectations.
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NewsAsda to open more new c-stores this month
Asda is ramping up its expansion into the convenience store market with plans to open 21 new c-stores before the end of the month.
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NewsLogistics giant Wincanton to go private in £560m mega deal
Wincanton is set to be snapped up by French shipping giant CMA CGM and delisted from the London Stock Exchange in a deal worth over £560m.
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NewsBirkenstock warns on profits despite ‘most successful’ year to date
German footwear retailer Birkenstock has warned that 2024 EBITDA margins are expected to see a “modest headwind” due to increased costs, despite posting booming sales and profits in its “most successful” year to date.
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Innovation of the WeekCarrefour teams up with Netflix to enhance loyalty programme
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.