All Retail Week articles in May 2024 – Page 6
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AnalysisCan a Shein float turn around retail’s IPO fortunes?
As Shein accelerates preparations for a blockbuster London IPO, Retail Week looks at how other retailers have fared since going public.
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Opinion‘UK food security can’t be safeguarded without a functioning border agreement’
Both major political parties agree that UK food production is in crisis, but neither is addressing the elephant in the room: Brexit and the border between the UK and EU, says Hugh Radojev.
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NewsNatura &Co losses widen as it explores ‘potential separation’ of Avon
Brazilian cosmetics giant and former owner of The Body Shop Natura &Co has posted widening losses as Avon International sales continued to fall in the first quarter of the year.
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NewsGreetings card retailers respond to Royal Mail takeover bid
The Greetings Card Association, which represents more than 500 card businesses, has called for the interest of its members to be safeguarded as Royal Mail considers an offer for a takeover from EP Group
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NewsMiniso posts growth driven by global store expansion
Chinese general merchandise retailer Miniso has posted growth in revenue and profit as it continues to roll out stores at home and abroad.
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NewsAlibaba revenue growth despite decline in profits
Alibaba has posted growth in revenue in its full-year and quarterly results, despite profits plunging.
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Retail VoiceSix ways to enhance your ecommerce offering
As consumers continue to savour online shopping, Octopia’s Nikki Lovell examines six actions retailers can take today to stay one step ahead when it comes to ecommerce
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NewsWatches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
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Opinion‘As ChatGPT gets flirty, now is the time to embrace this cutting-edge technology’
With new releases this week from OpenAI and Google, generative AI (Gen-AI) tools are developing rapidly and destined to be on every smartphone. As more customers gain access to this dynamic technology, now is the time for retailers to get on board and explore the opportunities.
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NewsCurrys set to revamp stores to improve customer experience
Electricals giant Currys is preparing to transform some of its stores to create an improved customer experience.
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NewsWaitrose becomes first grocer to open in-store takeaway Gail’s bakery
Waitrose has announced it will open the first takeaway Gail’s bakery store in the summer, having already opened Gail’s sections in 64 stores.
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NewsSuperdrug ramps up bricks-and-mortar expansion with 25 new stores
Superdrug is boosting investment in its bricks-and-mortar footprint as it celebrates its 60th year on the Britsh high street.
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NewsRobert Dyas celebrates one year of loyalty scheme with triple points offer
Home and garden retailer Robert Dyas is celebrating a year of its loyalty scheme by rewarding members with triple points.
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Opinion‘The answer does not lie in data, but in the stores’
Starbucks founder Howard Schultz has made some great points about what lies at the heart of business success. They apply to all of retail, believes George MacDonald
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NewsTemu accused of breaking EU laws with ‘manipulative practices’
Chinese online marketplace Temu is facing a new legal challenge after 17 companies in the European Union accused it of breaking new laws with “manipulative practices”.
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NewsBoots CEO endorses Labour Party
Boots chief executive Seb James has endorsed the Labour Party and Sir Keir Starmer’s focus on the importance of looking after the high street.
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AnalysisHow winners are standing out from losers in troubled luxury market
As luxury fashion retailers experience a slowdown in demand, Retail Week looks at some of the struggles facing the market and asks whether brands are right to remain optimistic
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NewsAsos joins forces with Reliance to disrupt Indian market
Asos has announced an exclusive long-term partnership with Reliance Retail, a subsidiary of Reliance Industries, to bring Asos own brands to the Indian market.
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NewsSainsbury’s unveils Microsoft partnership to boost AI capabilities
Sainsbury’s has announced a five-year strategic partnership with Microsoft, which will see the tech giant’s artificial intelligence (AI) and machine learning capabilities drive the grocer’s strategy.
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NewsWalmart ups guidance as sales rise in first quarter
US retail giant Walmart has posted a sales increase for the first quarter and upped its guidance as it continues to win over upper-income consumers.