All Retail Week articles in May 2022 – Page 6
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News
Bank of England warns on recession risk and surge in cost of living
The Bank of England has signalled the possibility of a recession later this year when inflation is likely to reach 10%.
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News
Primark massively scales up sustainable cotton programme
Primark is to hugely expand its sustainable cotton programme, which is designed to bring environmental benefits and support farmers’ livelihoods.
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News
McColl’s flags likely administration unless funding predicament resolved
Convenience store group McColl’s said the prospect of administration is “increasingly likely” if it cannot find a solution to its funding difficulties.
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Gallery
Store gallery: Decathlon unveils ‘unique’ Liverpool city centre flagship
Decathlon has opened a new flagship store in Liverpool as the sports specialist ramps up its high street store network.
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News
Exclusive: McColl’s pauses Morrisons Daily rollout as administration looms
McColl’s has paused the rollout of its Morrisons Daily format in a bid to conserve cash and stave off administration, Retail Week has learned.
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Data
Data: Footfall drops in April as retail sweats on sustained cost-of-living contraction
Footfall in April dropped across all retail destinations as the sector waits to see whether the month will be a precursor for the future as the cost-of-living crisis deepens.
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Opinion
M&S executive: ‘Oxford Street must innovate to avoid becoming a mishmash of poor, idle shopping space’
Marks & Spencer’s modernisation of its flagship Marble Arch store will help restore the glory of West End shopping and bring big sustainability benefits, maintains M&S group property, store development and technology director Sacha Berendji
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News
Bensons poaches Costcutter director in executive reshuffle
Bensons for Beds has appointed Costcutter director Francesca Haynes to helm its retail division.
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News
Zalando profits and sales slip as supply chain and inflation costs bite
Zalando has reported dropping profits and revenues as rising inflation and the cost-of-living crunch impacted its bottom line.
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News
Next sales up as digital channels exceed expectations
Fashion giant Next has reported a strong period of full-price sales growth as stores traded in line with expectations and its online channels far exceeded them.
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News
John Lewis launches tech recruitment drive to ramp up digital capabilities
John Lewis Partnership, the owner of the Waitrose grocery business as well as the eponymous department store group, has unveiled a tech talent recruitment drive.
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Opinion
‘Younger people – your future consumers – now as likely to enjoy shopping in-store as online’
Digital natives are now less wowed by the capabilities of online and will drive the future of stores, says PwC UK industry leader for consumer markets Lisa Hooker
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Report Store
Rents, Rates, Reform
Twenty-five leading retailers on the blueprint to solve the industry’s property crisis
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Analysis
Research: 25 retailers talk property strategy and need for rates reform
The leaders of 25 UK retailers including Primark, B&M, Iceland, Frasers Group, ScS and The Original Factory Shop have spoken to Retail Week for a far-reaching report into the state of UK retail property and the need for reform.
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News
Boohoo makes moves in second-hand market with plans to roll out resale platform
Boohoo founder Carol Kane has told Retail Week the fashion group plans to roll out a resale platform for each of its brands.
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News
John Lewis to relaunch Partnership Card with added services
John Lewis Partnership is to overhaul its credit and rewards card and introduce new services as it seeks to bolster the appeal of the “flagship product”.
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News
Joules chief executive to exit as profits decline
Joules boss Nick Jones has made the decision to exit the business as it continues to suffer losses.
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News
Boohoo boss pledges to ‘rebound’ as profits slide and returns rates spike
Boohoo has recorded a slide in preliminary profits exacerbated by slowing international growth, but boss John Lyttle says the etailer is “well-positioned to rebound strongly”.
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Opinion
‘Retailers must be swift and decisive to win in the year ahead’
In the coming months, retailers’ focus should be on rising demand for value, the return of the experience economy and making omnichannel work better than ever, says McKinsey & Company’s Anita Balchandani
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Retail Voice
Why fighting food waste is everybody's business
As consumers pay more and more attention to sustainability, responsibility and health, they are placing considerable focus on retailer and supplier accountability as well as their own. RELEX Solutions’ Svante Göthe discusses how food waste, and its associated environmental impacts, become a higher priority every year and why the effort to combat waste needs everyone’s active engagement