More on Me + Em – Page 1659
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NewsCo-operative Group subcommittee meets to draw up reforms
A subcommittee for the Co-operative Group has met to push through an agreeable set of reforms for the mutual after Lord Myners’ recommendations were met with tough opposition from members.
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NewsTesco's price message fails to resonate with shoppers
Tesco’s low-price message has so far failed to resonate with shoppers, 45% of whom believe the grocer’s prices have in fact risen over the past year.
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OpinionComment: Debenhams must make better use of data to drive omnichannel
The pressures facing retailers continue to increase, with an emerging and increasingly polarised set of players.
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Analysis
Analysis: BRC-KPMG March Retail Sales Monitor, sector by sector
UK retail sales fell 1.7% on a like-for-like basis in March, as the later timing of Easter distorted figures, according to BRC-KPMG.
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NewsTop Marks & Spencer online manager leaves to join Target
A senior member of Marks & Spencer’s dotcom team has left to join Australian retailer target.
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NewsJD Sports eyes overseas growth as it plans further acquisitions
JD Sports is eyeing further overseas expansion as chief executive Barry Bown said it would continue its acquisition spree.
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AnalysisDebenhams half-year figures: What the analysts say
A flurry of promotions hit Debenhams’ half year results, with the department store group reporting a 24.5% fall in pre tax profit. Retail Week rounds up what the analysts are saying.
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NewsThe Body Shop blames first quarter sales fall on trading in UK and Asia
The Body Shop has recorded a sales fall in its first quarter which has been blamed on “difficult” trading in the UK and Asia.
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NewsAlbemarle & Bond rescued out of administration
Pawnbroker Albemarle & Bond has been bought out of administration by an international investor group led by private equity firm Promethean Investments.
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NewsInflation drops below 2% target for third consecutive month
Inflation fell to 1.6% in March, down from 1.7% in February and the third consecutive month it has been below the Bank of England’s 2% target.
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NewsHomebase to use TV-watching data to time and target its ads
Homebase has signed a three-year contract with data firm Sky IQ to help the retailer better understand the impact of its TV advertising.
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OpinionComment: Action not words is needed to save the Co-operative
The civil war at the Co-op is a tragedy, many believe. Perhaps a better word would be disgrace.
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NewsPoundstretcher full-year like-for-likes grow 3%
Poundstretcher full year like-for-like sales jumped 3% last year driven by its store refresh programme and extended food and toiletry ranges.
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NewsHouse of Fraser full year EBITDA rises as online and own brand thrive
Department store House of Fraser’s full year adjusted EBITDA rose 8.3% to £60.2m driven by own brand and online.
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AnalysisPeople: The seven biggest retail job moves in March
The turmoil at the Co-op hasn’t abated since former boss Euan Sutherland left the business in March. Here’s what it means for the business, and other high profile moves last month.
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NewsDebenhams revises promotional strategy as profits tumble
Debenhams is revising its promotional strategy as first-half profits plunged owing to excessive discounting and weakness in its multichannel offer.
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NewsJD Sports full-year profits soar 27.3% driven by growth in core fascias
JD Sports full-year profit before tax and exceptional items surged 27.3% to £77m powered by growth at the retailer’s core JD fascia.
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NewsSports Direct is to begin selling on credit via its website
Sports Direct is to begin selling on credit via its website later this year, as the retailer emulates model successfully used by Next.
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NewsMarch retail like-for-likes fall 1.7% due to tough Easter comparatives
March retail sales fell 1.7% on a like-for-like basis due to the timing of Easter, which falls later this year.
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NewsAsos' customer photo upload feature could prove eye-opening
Asos revealed it launched As Seen On Me last week, which allows customers to upload photos of themselves wearing its products.