More finance – Page 5
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AnalysisExclusive survey: 75% of consumers believe supermarkets profiteering
Despite the protestations of the big supermarkets about falling profits and investment in price, our new consumer survey shows that shoppers feel grocers are profiteering during this ongoing period of high inflation
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AnalysisHow did supermarket bosses fare in the glare of Westminster spotlight?
In a public forum designed to intimidate and pressurise, the traditional big four supermarkets more than held their own, but the spectre of further scrutiny looms
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Opinion‘Boohoo and Revolution Beauty’s management pageant has already got ugly’
The gloves are off at Boohoo and Revolution Beauty, where the first punches have been exchanged in a fight for control of the embattled makeup specialist.
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DataUK consumer confidence increases ‘despite fierce economic headwinds’
UK consumer confidence increased for the fifth month in a row despite “fierce economic headwinds of the cost-of-living crisis” and “double-digit grocery price increases”.
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Opinion‘If a buyer wants to pounce on Asos, they might prefer to move sooner rather than later’
Asos was back in fashion with the City today as its shares climbed on the back of a trading update, providing welcome encouragement that chief executive José Antonio Ramos Calamonte’s turnaround efforts are working.
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AnalysisStrategy spotlight: How AO is pivoting to profitable growth as Frasers Group snaps up stake
As Frasers Group snaps up a 19% stake in AO, the two retailers are “looking forward to realising the significant potential” of working more closely in partnership.
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AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.
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AnalysisStrategy spotlight: Five ways Frasers Group aims to elevate its proposition
In 2021/22, Frasers Group’s total sales climbed 32.5% to £4.8bn for the 52 weeks to 24 April, 2022, and it recorded pre-tax profits of £335.6m.
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AnalysisWill Asda’s acquisition of EG Group UK and Ireland be a win for its customers or lenders?
Following Asda’s acquisition of EG Group’s UK and Ireland businesses, the grocer has been keen to stress this will be a win for consumers.
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DataUK retail sales return to growth in April despite inflation
Despite pressure from inflation, UK retail sales rebounded in April, according to the ONS.
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AnalysisMachin at M&S one year in: ‘We are always positively dissatisfied’
“All new leadership teams need to arrive like a thunderclap whether they’re coming from inside or outside the business to create that new sense of direction, electricity, appetite for change,” said Marks & Spencer chair Archie Norman as the retailer unveiled full year results.
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DataExclusive: The Works named fastest-growing value retailer in UK
The Works has beaten the likes of Aldi and Primark to be named the fastest-growing value retailer in the UK, Retail Week can reveal.
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Opinion‘Larger retailers can learn plenty from innovative independents’
The creativity and innovation that independents bring to the high street and the industry offer valuable lessons to all retailers, believes PwC’s Lisa Hooker
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DataConsumer confidence inches up on a steady path to recovery
UK consumer confidence increased for the fourth month in a row since January as May saw an “encouraging three-point uptick” though it could still be a “rocky ride out of these tough times”.
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AnalysisAs JD Sports streaks ahead of the competition, boss Régis Schultz plans to widen the gap
Less than a year after JD Sports went on an “extensive global search process” to find a new chief executive, Régis Schultz has broken the mould and taken the business to new heights after stepping into Peter Cowgill’s trainers.
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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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Opinion‘Claims of grocers profiteering grab headlines but avoid confronting real issues’
Has anyone told Sir Ed Davey, or other proponents of the “profiteering supermarkets” point of view, that Tesco’s profits plummeted last year by half?
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AnalysisHow Asos is trying to arrest slumping sales and return to profitability
Following the report of further losses for Asos, Retail Week explores how the online fashion retailer has delivered on its previously pledged strategic targets to get back to an upward trajectory
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AnalysisThree of retail leaders’ biggest headaches and how AI can address them
Here’s what retailers around the globe voted as their top concerns for 2023 and how they can use AI to tackle them
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AnalysisWhat the Courir acquisition means for JD Sports in the UK and Europe
JD Sports chief executive Régis Schultz called it “the start of a new, distinct chapter” as the sportswear retailer looks to strengthen its brand as a part of its growth strategy in Europe. Retail Week takes a closer look at new acquisition Courir, its history and what the deal could mean for JD Sports in the UK and abroad