All Retail Week articles in May 2023 – Page 5
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Interview
Q&A: Watches of Switzerland CEO Brian Duffy on why the UK is missing out on tourist shoppers
Retail Week speaks to Watches of Switzerland chief executive Brian Duffy about the detrimental impact of tourist tax, the luxury retailer’s secret to success and its international expansion plans in the pipeline
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News
TK Maxx owner TJX raises profit outlook after sales rise
TJX, the US-based value retailer and parent company of TK Maxx, has raised its profit outlook as it reports a lift in sales.
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Interview
Q&A: OnBuy founder Cas Paton on becoming ‘Europe’s fastest-growing ecommerce business’
OnBuy’s founder and chief executive Cas Paton speaks to Retail Week about differentiating from other marketplaces, international expansion and plans to take the business to new heights
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News
Pepco to open first store in Portugal as it ramps up European expansion
Pepco Group is opening its first store in Portugal as it expands its presence across Western Europe.
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News
Watches of Switzerland hails strong performance ahead of guidance
Watches of Switzerland reported a strong year of revenue and profitability despite a challenging trading environment.
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News
JD Sports sales soar in ‘record results’
JD Sports has reported record sales and expects profits to reach £1bn this year.
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Opinion
‘As the storm abates, mothballed growth strategies are being rekindled’
Retail is not rapidly transitioning from bust to boom, but the headwinds that have blasted the industry are abating, believes True’s Matt Truman
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Interview
Topps man: How Topps Tiles CEO Rob Parker is laying groundwork for decades of success
Topps Tiles celebrates its 60th anniversary this year and sales are as sparkling as a newly installed shower wall.
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Analysis
Are glory days over for Boohoo in the wake of Shein’s runaway success?
As both sales and profits slump for Boohoo amid the cost-of-living crisis in a highly competitive market, Retail Week looks at whether Boohoo can recapture its glory days in an era dominated by fast-fashion leader Shein
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News
Mamas & Papas launches circular resale service
Mamas & Papas has launched a circular service that allows shoppers to trade in baby products or buy them secondhand
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News
John Lewis offers additional paid leave to foster carers
John Lewis Partnership is to offer an additional week’s paid leave to new foster carers who work at the business so they have more flexibility in their duties.
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News
Castore banks on new kit deals and retail stores as it expands into Europe
Manchester-based sportswear brand Castore plans to accelerate growth in Europe driven by new teams, sports partnerships and retail stores.
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News
Brompton Bikes confirms £19m equity raise to fund expansion
Brompton Bikes announced the sale of a £19m stake in the company to growth fund BGF as it looks to accelerate expansion to international markets.
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News
Screwfix takes rapid delivery service to TV with new campaign
Screwfix is launching a promotional campaign for its 60-minute rapid delivery service, Screwfix Sprint.
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News
Shoe Zone sales grow as shoppers tighten belts
Shoe Zone has posted a strong trading performance as shoppers look for value during the cost-of-living crisis.
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News
Greggs store expansion drives sales boost
Greggs has posted solid like-for-like sales growth driven by ‘strong strategic progress’ and its store expansion programme.
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News
Boohoo sales fall and profits halve
Boohoo has posted a drop in revenue in its year-end results, but said it was making progress on a return to growth in the second half of next year.
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News
CMA raises spectre of grocery price intervention ahead of food summit
The competition watchdog has announced an investigation into possible weakening of competition in grocery pricing, ahead of a meeting with retailers, suppliers and government.
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News
Fanatics partners with Sky Sports to open first online retail shop
Fanatics, the pureplay sports retailer that specialises in licensed sports merchandise, has partnered with Sky Sports to open the first-of-its-kind online retail shop.
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News
Exclusive: Frozen food specialist Cook launches subscription service
Frozen food specialist Cook is set to launch a subscription service later this month, following a successful trial of the new scheme.