All Retail Week articles in June 2023 – Page 6
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NewsExclusive: Belfast revealed as best value retail location in the UK
Belfast city centre offers retailers the best value compared with any other location in the UK, an exclusive ranking for Retail Week has revealed.
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NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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NewsWilko may pay no rent on some stores for three years in restructuring push
Turnaround plans being drawn up by variety store group Wilko, which may include a CVA, mean it may pay no rent on some stores for three years.
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NewsMorrisons unveils new round of summer price cuts
Morrisons has cut the prices of almost 50 popular products by an average of 25% as it seeks to bolster its appeal to hard-pressed shoppers.
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NewsMusic Magpie trading ‘strengthens’ as it focuses on cost control
Music Magpie has delivered a “strengthened” trading performance as it chose to focus on cost control and increasing gross margins instead of “growing revenues on lower-margin products”.
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NewsNext increases profit guidance as warm weather triumphs
Fashion giant Next has upgraded its full-year profit and sales guidance as the effects of the warm weather and annual salary increases pay off.
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NewsMarks & Spencer invests in lower prices on 200 products in summer value push
Marks & Spencer has unveiled a new round of price investment as it seeks to “deliver trusted value” to customers.
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NewsHotel Chocolat to open five new retail park stores by Christmas
Hotel Chocolat is going all in on its new out-of-town format, with plans to open a further five new stores in retail parks before Christmas.
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NewsBoohoo seeks greater control of Revolution Beauty in boardroom coup
Boohoo, which owns a 26.6% stake in Revolution Beauty, announced its intentions to vote against the reappointment of the beauty brand’s senior executives as it moves to take control of the struggling business.
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NewsSuperdrug rolls out personal diagnostics service in all stores
Superdrug has entered a two-year partnership with Thriva Solutions, a personal diagnostics and health platform, to roll out a nationwide service to all its customers.
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NewsKurt Geiger secures new funding to drive global growth
Luxury footwear and accessories retailer Kurt Geiger has secured fresh funding in a bid to “refinance its existing debt” and support its international growth plans.
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Retail VoiceRetail needs better ESG reporting
Talking the talk on sustainability isn’t enough, says Informatica’s Vita Berneburg, retail needs to be doing more when it comes to reporting on environmental, social and governance
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NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
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NewsAmazon launches flexible financing programme
Amazon has launched a flexible financing programme for small and medium businesses.
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NewsFrasers continues acquisition streak with stakes in Currys and Boohoo
Frasers Group has acquired an 8.9% stake in electricals retailer Currys and a 5% stake in online fashion retailer Boohoo in a continued string of acquisitions for Mike Ashley’s retail empire.
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NewsGrocery inflation hits ‘lowest level this year’ but still at 16.5%
Grocery price inflation has fallen to its lowest level this year, but is still at the sixth-highest monthly figure recorded since 2008.
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NewsRevolution Beauty threatens legal action against former CEO
Revolution Beauty is considering legal action against its founder and former chief executive Adam Minto amid an ongoing crisis at the brand.
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NewsAlibaba CEO steps down to focus on brand’s cloud business
Alibaba chief executive and chairman Daniel Zhang will step down later this year to focus on the retail giant’s cloud business.
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InterviewQ&A: THG Beauty’s Lucy Gorman on why the opportunities for growth are online
Retail Week talks to THG Beauty chief executive Lucy Gorman about the future of direct-to-consumer businesses, loyalty schemes and her time at the business
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GalleryStore gallery: Harrods unveils luxury loungewear and lingerie ‘universe’
Harrods has welcomed shoppers to its new “luxurious lingerie and lounge universe” on its first floor in Knightsbridge, featuring two rooms for customers to “explore every aspect of the ultimate lounge to lingerie wardrobe”.