All Retail Week articles in June 2022 – Page 5
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NewsBoots deal in the balance as banks stop lending
The long running auction for Boots is in danger of imploding as the ongoing cost-of-living crisis spooks prospective buyers and debt markets freeze up.
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News‘The worst is yet to come’ on food prices warns ex-Sainsbury’s boss
Former Sainsbury’s chief executive Justin King has warned consumers “the worst is yet to come” on food prices amidst warnings that doubledigit inflation could last for more than a year.
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NewsMarks & Spencer appoints new food boss
Marks & Spencer has appointed a new managing director of its food division, following former grocery boss Stuart Machin’s promotion to become chief executive.
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NewsGymshark poaches The Very Group’s marketing chief
Gymshark has appointed The Very Group’s chief marketing officer Carly O’Brien to drive its brand marketing strategy.
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GalleryStore gallery: Hugo Boss unveils digital-led London flagship
Hugo Boss has opened a new flagship store on London’s Oxford Street.
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NewsPrimark boss Marchant: ‘Click and collect is the culmination of two years of investment’
Primark chief executive Paul Marchant has said that the retailer’s new click-and-collect offer has been years in the making.
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NewsOcado raises £575m to fund expansion of its tech division
Ocado has successfully raised £575m through a share placement as the company seeks to capitalise on the growth of its technology arm.
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NewsGrocery inflation hits 13-year high costing customers an extra £380 a year
Grocery inflation has hit a 13-year high in the month of June, with food bills on course to increase by an average of £380 a year for customers.
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NewsM&S ‘bewildered and disappointed’ by Gove’s Marble Arch intervention
Marks & Spencer has reacted angrily to Michael Gove’s decision to call in the planned redevelopment of its flagship Marble Arch premises.
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Opinion‘Is UK retail’s £2.8bn excess stock timebomb set to be the sector’s next big crisis?’
UK retail is facing a perfect storm of rising costs and plummeting consumer confidence. Could an excess of stock be the final nail in the coffin for many in the squeezed mid-market?
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NewsCity centre footfall battered by rail and tube strike chaos
Footfall dropped across city centre shopping destinations as people opted to stay home and avoid the strikes.
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Opinion‘Today, retailers can harness the power of artificial intelligence in practical ways’
Applied AI can bring efficiency gains, improved decision-making and enhanced financial performance, say McKinsey’s Anita Balchandani and Louise Herring.
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AnalysisWinning the war for talent: How to attract and retain the workforce of the future
With staff shortages widespread across the sector, the Great Resignation far from over and the cost-of-living crisis only just beginning to play out, retail has reached an inflection point when it comes to its workforce.
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Retail VoiceWhy the health and happiness of retail workers is paramount
One in five retail workers plans to leave the industry, but that’s just the tip of the wellbeing crisis in retail, says Retail Trust chief executive Chris Brook-Carter.
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NewsAsda chair Rose urges VAT cut to combat cost of living crunch
Asda chair Lord Stuart Rose believes the government should consider reducing VAT or further cutting fuel tax to help ’kill’ inflation, which is prompting shoppers to limit their spending.
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NewsJD Sports’ profits double versus pre-pandemic record
JD Sports has more than doubled full-year profits compared to the record sum achieved before the Covid pandemic hit.
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NewsHarrods delays summer Sale due to supply chain disruption
Harrods has delayed its famous summer Sale as its new season stock has yet to arrive.
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NewsAmazon names Doug Herrington as new retail chief executive
Retail giant Amazon has named Doug Herrington as the new chief executive of its retail arm, weeks after the previous boss stepped down.
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InterviewRenting is the new buying: Hirestreet CEO on creating a supersized shared wardrobe
Looking forward to a summer full of events and weddings, Hirestreet boss Isabella West explains how the industry can move the dial and put rental firmly in fashion
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AnalysisTalking Shop: What do shoppers want from stores post-pandemic?
In the second of a two-part examination of the future role of shops, Mark Faithfull looks at how some of the innovators in both the retail and food and drink sectors are experimenting with form and function as they strive for relevance and purpose in a confusing world.