All Retail Week articles in May 2023 – Page 8
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News
JD Sports snaps up French specialist Courir in €520m deal
JD Sports intends to buy French sports footwear and apparel group Courir as it enacts the strategy set out by new chief executive Régis Schultz.
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News
Inflation drives retail sales rise in April as volumes fall
Retail sales rose by value in April, but volumes fell across the board.
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News
John Lewis staff prepare to vote on strategy as council meets
John Lewis Partnership chair Dame Sharon White faces scrutiny over her strategy as the group’s council meets.
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Innovation of the Week
Innovation of the Week: Albert Heijn trials ‘True Price’ to reveal real cost of food
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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Analysis
The Disruptors: Five brands changing the game in sports and fitness
The latest instalment of Retail Week’s Disruptors series showcases the brands making waves in the sports and leisure sector
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News
Amazon faces more strikes as new warehouses back industrial action
Amazon workers are planning more strikes after staff at two more warehouses backed a vote on whether to take industrial action.
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News
Coronation expected to cost online retailers £128m
King Charles’ coronation is expected to cost online retailers £128m as people around the UK host parties or attend events.
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News
Moss Bros profits surge as shoppers ‘dress up again’
Menswear retailer Moss Bros has reported “another year of strong profit” as the demand for occasionwear booms and shoppers “dress up again”.
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News
Adidas sales flatline as Yeezy fallout deepens
Adidas posted flat sales in the first quarter of 2023, as the global sportswear giant admitted the loss of the Yeezy brand is “of course hurting us”.
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News
Boohoo ‘demanding’ 10% discount from suppliers
Online fashion giant Boohoo has asked suppliers for a 10% discount on both its delivered and undelivered orders in a bid to control costs, according to a report in The Times.
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News
Apple’s dip in sales offset by demand for iPhone
Apple has posted a decline in sales in the second quarter, but demand for iPhones has held up overseas.
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Analysis
Strategy spotlight: Five ways Kingfisher is maximising growth with Screwfix
Barring the huge boost for the sector during the pandemic, DIY giant Kingfisher has been reliant on its Screwfix trade-counter format to drive sales and profit growth in recent years. Meanwhile, its larger businesses, including B&Q in the UK and Brico Dépôt and Castorama in France, have struggled in a difficult trading environment
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News
April footfall boosted by Good Friday and Easter Saturday shopping
Retail footfall increased in April as shoppers hit stores to spend ahead of Easter Sunday.
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News
Stone Island names former Gucci executive as new CEO
Stone Island has announced the appointment of Robert Triefus as the brand’s new chief executive from June 1.
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News
Holland & Barrett acquires fit-tech start-up Avie as it looks to go beyond retail
Holland & Barrett has acquired fit-tech start-up Avie as it looks to “extend its reach beyond retail through the creation of personalised wellness solutions”.
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News
Skechers names Richard Parker as managing director for UK and Ireland
Skechers has promoted Richard Parker to managing director for UK and Ireland.
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News
Exclusive: Charity Super.Mkt confirms new location in bid to ‘reinvigorate’ high street
Retail Week can reveal that second-hand superstore Charity Super.Mkt will welcome shoppers in Manchester later this year as part of its bid to “reinvigorate” the high street.
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News
Joe Browns posts ‘strongest year to date’ as sales and profits boom
Fashion retailer Joe Browns has reported its “strongest year to date” as sales and profits rise despite facing “well documented” economic challenges.
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News
Zalando credits boost in revenue and ‘improved profitability’ to online shopping club
Zalando has credited a rise in revenue and “improved profitability” in its first quarter to increased demand for its online shopping club Lounge by Zalando.
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News
John Lewis drafts in former Hobbs boss to board
John Lewis Partnership has appointed former Hobbs chief executive Nicky Dulieu as a non-executive director.