More on Me + Em – Page 139
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NewsOnline retail sales have grown for the first time in three years
Online UK retail sales saw growth for the first time since 2021 as sales spikes across key categories provided “optimism” for retailers ahead of the peak trading period.
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NewsShein’s UK profits have doubled as sales hit £1.5bn
Fast-fashion giant Shein’s UK profits have doubled year on year and sales have surpassed £1.5bn, exceeding the revenue of rival Boohoo.
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NewsWaterstones starts new Oxford Street chapter with John Lewis opening
Bookseller Waterstones has opened a branch in John Lewis’ flagship store on London’s Oxford Street.
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NewsFrasers has acquired three new shopping centres as it looks to ‘reinvent’ UK retail
Frasers has acquired over 1 million sq ft of retail assets including Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.
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NewsGrocers roll back prices on essential items as inflation nudges up
UK grocers have continued to invest in lowering the prices on essential grocery items over the past month as food inflation inched up ahead of the October Budget.
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NewsSaudi Arabia has invested in Selfridges in a new partnership with Central Group
Selfridges majority owner Central Group has announced a new partnership with Saudi Arabia’s Public Investment Fund (PIF) and confirmed the total buyout of Signa Group’s interest in the business.
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InterviewQ&A: Peak Performance CEO on the UK sportswear market and being the coolest ski brand in the world
As Swedish outdoor brand Peak Performance opens its first store in the UK, Retail Week sits down with chief executive Sara Molnar to find out the next steps in the UK and what makes it the coolest ski brand in the world.
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NewsFootasylum has secured a £35m credit facility to fund UK growth ambitions
Footasylum has secured a £35m credit facility as it looks to accelerate growth in the UK.
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AnalysisSustainability strategy: Five ways retailers are minimising their environmental impact
Ahead of the return of the Sustainability Summit on October 10, we dig into the strategies of the retailers making tangible progress and glean expert opinion on why the narrative of balancing sustainability with bottom lines “needs to change”
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NewsStrongest retail sales growth in six months driven by autumn fashion and back-to-school
Retail sales saw the strongest growth in six months as autumn-winter apparel and back-to-school sales drove “better than expected” non-food performance.
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AnalysisMytheresa: Who is Yoox Net-a-Porter’s new German luxury owner?
This morning’s announcement that luxury fashion retailer Mytheresa is acquiring Yoox Net-a-Porter brings parent company Richemont’s turbulent chapter spent trying to offload it to a close. Retail Week takes a look at the German luxury brand that has been thriving while other players flounder, as well as what the deal means for both businesses moving forward.
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NewsInditex managing director for the UK and Ireland exits as a successor is lined up
Exclusive: The managing director for the UK and Ireland at Inditex has stepped down from the business and the fashion giant has named a successor, Retail Week can reveal.
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NewsThe Very Group is set to appoint bankers as it eyes £2.5bn sale
The Very Group is lining up banks to handle a strategic review of the business that could potentially lead to a sale in the range of £2.5bn.
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Opinion‘As JLP’s Kankiwala steps back, will he be the retailer’s last chief executive as well as its first?’
He may be low profile, but Nish Kankiwala looks as if he has played a big part in preparing John Lewis for renewed success, says George MacDonald
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NewsDunelm is opening its first central London store
Dunelm will open its first central London store as it “gains confidence” with new store sizes, formats and locations in a new wave of expansion.
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NewsJohn Lewis Partnership boss to step back to non-executive role
John Lewis Partnership chief executive Nish Kankiwala is to move back into a non-executive position.
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NewsMatalan CEO Jo Whitfield has made a shock departure
The chief executive at value fashion giant Matalan has made a shock departure from the business.
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NewsMarks & Spencer tries out ‘robot farming’ to cut emissions and improve product
Marks & Spencer has been piloting an ‘autonomous farming’ scheme and expects to reduce carbon emissions as a result.
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NewsWeird Fish has reported rising profits despite a dip in sales
British fashion retailer Weird Fish has reported rising profits for the full year despite a dip in sales as it unveils further UK expansion plans.
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DataRanking: The UK’s biggest fashion retailers and where they’ll be in three years
Thanks to exclusive data from Retail Week’s sister brand Retail Navigator by Lumina Intelligence, we can reveal how the landscape for fashion retail is going to change over the next few years – and which brands are set to dominate our high streets and wardrobes.