All Retail Week articles in January 2024 – Page 9
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NewsCo-op targets 8 million members after scrapping loyalty scheme
C-store specialist Co-op has unveiled new targets of having 8 million members and increasing its share of the quick commerce market, as part of wider changes to its membership scheme rolled out today.
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NewseBay to axe 1,000 roles
Online marketplace eBay will lay off around 1,000 staff in the US, equating to an estimated 9% of its current workforce.
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NewsMorrisons to sell petrol forecourts in £2.5bn deal
Grocery giant Morrisons is on the brink of sealing a £2.5bn deal with CD&R-owned Motor Fuel Group to sell its petrol forecourts.
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NewsHidden charges for online shoppers to be banned
Unavoidable hidden fees for online shoppers are set to be banned under new law proposals expected to come into force this spring.
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Opinion‘Walmart’s closing its tech incubation hub – and that might be a good sign’
On the face of it, shutting down a technology incubation unit, as Walmart is doing, looks a bit Jurassic Park in its thinking.
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AnalysisOwn-brand beauty: How ‘budget’ lines have disrupted the market
With beauty retailers enjoying a bumper Christmas trading period, the one thing they all had in common was the resounding success of their competitively-priced, own-brand products against the traditionally dominant branded offerings.
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NewsHalfords maintains profit guidance after ‘resilient’ performance
Halfords has maintained its full-year profit guidance after a “resilient” third quarter in what the retailer said remains a “very challenging consumer environment”.
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NewsDr Martens sales dip in ‘volatile’ quarter
Dr Martens has reported a decline in sales due to “volatile” trading during the third quarter but has held firm on profit guidance for the year ahead.
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NewsPuma posts sales increase but warns of challenges ahead
Puma has reported a sales increase during the 2023 full year despite warning of the ongoing “geopolitical and macroeconomic challenges” likely to persist in 2024.
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NewsMarks & Spencer names new digital and international bosses
Marks & Spencer has appointed two executive directors to lead its digital and overseas operations.
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NewsIkea slashes global carbon footprint as revenues surge
Ingka Group, the largest of Ikea’s retail brands, has slashed its carbon emissions by 12.7% year on year while delivering a 30.9% increase in revenue for the same period.
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InterviewQ&A: By Rotation founder Eshita Kabra on transforming fashion consumption
As fashion-conscious shoppers increasingly opt to rent clothing, By Rotation founder and chief executive Eshita Kabra talks to Retail Week about the platform’s unique business model and the importance of fostering a considered and inclusive rental community for the future
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NewsThe Fragrance Shop sales surge in 'exceptional' Christmas
The Fragrance Shop has posted a record-breaking Christmas as sales surged in the 13 weeks to December 31, 2023.
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InterviewDiscount Dragon: Meet the pureplay brand setting the value sector alight
Emerging as a new player in the value market, Discount Dragon is striving to guarantee Brits a bargain. Boss Martin Higginson is co-founder and CEO of parent company Huddled.
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NewsExclusive: Amazon faces fresh round of strikes
Amazon workers in Coventry will strike again following a compulsory re-ballot, Retail Week can reveal.
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NewsShoplifting offences hit highest level in 20 years
Shoplifting offences rose to their highest level in two decades last year, according to the Office for National Statistics.
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NewsUK fruit and veg prices set to rocket this spring
The price of fruit and vegetables in the UK is predicted to rise when new post-Brexit import controls are introduced in the spring.
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NewsUK consumer confidence rises to best score in two years
UK consumer confidence rises to “best headline score in two years” as optimism strengthens with inflation predicted to fall in the next 12 months.
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NewsWHSmith sales soar driven by ‘strongest ever’ travel division
WHSmith posted growth in sales in the 20 weeks to January 26, 2024, as it achieved its “strongest ever position as a global travel retailer”.
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NewsSuperdry CFO steps down as it issues profit warning
Superdry reported a fall in sales and said it expects full-year profitability to be impacted as it blamed “a challenging consumer retail market” set against ”macroeconomic uncertainty and some remarkably unseasonal weather conditions” for its weakened financial performance.