All Retail Week articles in July 2023 – Page 4
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NewsAmazon mobile users fall ahead of Prime Day as Shein and Temu grow
The number of Amazon mobile users in the UK has fallen by 1 million since the start of the year, while Temu and Shein’s daily mobile users have been growing.
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NewsCost-of-living crisis to cost households £65bn
The cost-of-living crisis is likely to go on for the next 10 months and cost households £65bn, according to the latest research by Retail Economics and Grant Thornton UK LLP.
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InterviewQ&A: Flying Tiger Copenhagen’s managing director on standing out in variety
Retail Week speaks to Flying Tiger Copenhagen (FTC) managing director Michael Burke about high street rivals and how business is booming after lockdown
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NewsShoe Zone ups profit guidance as demand climbs
Shoe Zone has increased its profit guidance by almost a third as demand for value soars during the cost-of-living crisis.
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NewsBlueprint to ‘save the future of retail’ launched
An initiative to prevent shop closures and improve job quality in the retail sector is being launched by the union Usdaw.
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NewsSuperdrug profits surge off the back of strong own-brand product performance
Superdrug has reported surging profits and sales off the back of improved footfall, successful own-brand product launches and a strong Christmas performance.
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NewsMango sales grow as it announces ‘ambitious expansion plans’
Fashion retailer Mango posted a boost in sales in the first half of the year, crediting “good performance” in its key markets as well as a “strengthened ecosystem of channels and partners”.
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AnalysisHow inflation has forced retailers to adapt their loyalty schemes
As inflation has run rampant and customer confidence plummets, retailers have increasingly turned to loyalty schemes to drive sales. Retail Week takes a look at how six retailers have adapted their programmes to appeal to cash-strapped customers
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Opinion‘More Marks & Spencer magic should help Ocado sparkle’
As Ocado prepares to reveal half-year results next week, the tech and retail group’s star has been on the wane.
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Report StoreThe Christmas Forecast 2023
Retail’s most lucrative time of the year, the golden quarter has the power to make or break businesses – so nailing your strategy is essential.
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AnalysisFashion and beauty retailers will be most resilient this Christmas
Fashion and health and beauty will be the only two sectors to record both value and volume sales increases this golden quarter, Retail Week’s new report reveals
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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NewsMusic Magpie credits ‘strong momentum’ for first-half trading
Music Magpie has credited “strong momentum” for its first-half performance as it traded in line with expectations and looks forward to the “seasonally important” second half of the year.
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NewsFrasers Group ups stakes in N Brown and Currys
Frasers Group has increased its stakes in fashion retailer N Brown and electricals retailer Currys in a continued shopping spree for Mike Ashley’s retail empire.
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NewsCo-op names Debbie White as new chair
The Co-op has named Debbie White as the company’s new chair, succeeding Allan Leighton when he steps down from the role in February next year.
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NewsPepco revenue rises despite ‘challenging trading environment’
Pepco has reported a growth in revenue despite facing a “challenging trading environment” in April and May across central Europe.
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AnalysisFrasers or Nordstrom: who is Asos’ perfect match?
Embattled fashion pureplay Asos has recently been at the centre of takeover talks following reports of a £1bn takeover bid by Turkish fast-fashion retailer Trendyol. Frasers Group also sparked speculation by increasing its stake in the fashion retailer three times in two weeks
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NewsUniqlo owner Fast Retailing ups profit guidance
The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.
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NewsExclusive: Selfridges to host ‘immersive joyride’ for Barbie movie
Selfridges London is to “turn pink” in honour of the upcoming release of Barbie: The Movie.
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AnalysisInside an Amazon warehouse during Prime Day
Amid the ongoing battle between Amazon and the GMB union, Retail Week visits Amazon’s LCY3 fulfilment centre in Dartford, Kent, on one of the ecommerce giant’s busiest days of the year