All Retail Week articles in March 2023 – Page 8
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NewsEx-John Lewis boss Street: Staff ownership changes would be ‘a tragedy’
Ex-John Lewis boss Andy Street has urged the retailer not to change its staff ownership model, saying any move to take outside investment would be “a tragedy”.
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NewsBoots owner mulls float or sale by end of 2023 to focus on US market
Walgreens, the US-based parent company of Boots, could either sell or float the UK retail favourite as the global pharmacy giant faces intense pressure to break up.
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Innovation of the WeekInnovation of the Week: Estée Lauder launches virtual Clinique Lab
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsThe Perfume Shop extends recycling scheme to all its stores
The Perfume Shop has rolled out its biggest perfume bottle recycling scheme across all 211 UK stores.
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GalleryStore gallery: Fortnum & Mason’s new Food & Drink Studio
Fortnum & Mason has unveiled its revamped third floor, now dedicated to luxury food and drink.
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NewsMatalan names former Lidl and Co-op bosses as new chair and CEO
Fashion retailer Matalan has announced Karl-Heinz Holland and Jo Whitfield as the company’s new chair and chief executive respectively, with immediate effect.
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AnalysisCan Chinese retailer Miniso overcome its controversial past as it eyes rapid UK expansion?
In stark contrast to its motto “Life is for Fun”, Miniso has been involved in more controversies than the number of years it has been operational. From abandoning its Chinese heritage to allegedly faking its business model, Retail Week takes a closer look at the brand ahead of its expansion plans in the UK
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NewsFood inflation surge drives shop prices to fresh highs
The highest levels of food inflation on record drove overall shop prices to fresh highs during the ongoing cost-of-living crisis in March.
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AnalysisRetail’s next CEO most likely to come from M&S or JLP
Retail Week’s Future Leaders report recognises 30 individuals with high potential to become CEOs at the UK’s biggest retailers. M&S and JLP boast the largest volume of future talent, followed by two other major brands
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NewsOcado sales and customer numbers rise but basket size falls
Online grocer Ocado Retail reported being “on track to restore sales momentum” after revenues climbed in its first quarter.
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NewsUpdated: Next bolsters brand portfolio with swoop on Cath Kidston
Fashion giant Next has added to its stable of brands with the acquisition of Cath Kidston for £8.5m.
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DataConsumer pain increases as grocery inflation hits record high
Grocery price inflation reached a new high in March, with consumers now facing an £837 increase in their annual bills.
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NewsBoots sales increase 16% as it wins market share in beauty
Boots posted a 16% year-on-year increase in sales in the three months to February 2023, driven by a “record-breaking” beauty performance.
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NewsDecathlon launches UK’s first nationwide sports rental scheme
Decathlon customers will now be able to rent products ranging from bikes and kayaks to stand-up paddle boards and tennis rackets as a part of the new scheme.
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NewsNext delivers growth but budgets for profit drop next year
Next has delivered healthy growth in sales and pre-tax profits, but warned strong comparables in the first half would result in a decline in both metrics next year.
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NewsLululemon upbeat for 2023 as sales soar
Lululemon recorded net sales growth of 32% and 33% on constant dollar terms in the full year and fourth quarter of 2022, respectively.
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NewsAsda profits plummet as inflation costs and investing in prices hit bottom line
Supermarket giant Asda has reported plummeting profits as spiralling costs and investing in keeping prices lower for customers hammered its bottom line.
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AnalysisLord Wolfson poses ‘the big question’ for Next’s long-term future
Next chief executive Lord Wolfson this week asked the provocative question of whether the business should now be seen as mature or if it still has strong growth prospects. Here are the takeaways from the bellwether retailer’s full-year results
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AnalysisWatch: How The Edit LDN is hiring top talent to disrupt in challenging times
Creating new, ROI-driving roles is key to becoming a disruptive force to be reckoned with, reveals a retailer that is growing revenue 500% year on year. Find out more in our virtual discussion, free and on demand
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Retail VoiceWhy returns costs retailers 6% of RRP on all sales
As the volume of returns continues to grow and the cost becomes unsustainable, Katie Quarmby, director at Newton Europe, explains why retailers need to rethink their approach to managing this valuable stock.