More on Me + Em – Page 255
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NewsRiver Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
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NewsUK consumers cut back on dining out to save for Christmas splurge
Cash-strapped consumers across the UK are reining in on eating out and buying takeaways to save up for what many see will be an expensive festive season.
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AnalysisValue-driven shopping: How retailers from Iceland to Pets at Home are getting it right
As the cost of living rises, consumers are prioritising value. But what does ‘value’ really mean, and how can retailers strategically align with customer values whilst still boosting sustainable long-term growth? In this digital feature, Retail Week explores four ways retailers are getting it right
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AnalysisInside the AI strategies of Ocado, Shein and Charlotte Tilbury
Retail Week’s new report, Beyond the Hype: How AI in UK retail has moved to the mainstream, shares key ways retailers are generating ROI from AI. Here are three examples of businesses making the tech pay
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NewsRetail sales slow in September despite falling inflation
UK retail sales slowed in September as the “high cost of living continues to bear down on households”, according to the BRC-KPMG Retail Sales Monitor.
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NewsGreggs opens first-ever cafe in Sainsbury’s
Greggs has launched its first-ever cafe in a Sainsbury’s supermarket, following on from two petrol forecourt stores earlier in the year.
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NewsJD Sports given go-ahead to complete ISRG acquisition
JD Sports shareholders have unanimously approved a proposal to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) as the brand strengthens its foothold in western Europe.
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NewsMade.com to open in-store concession in Next
Next will open a Made.com concession later this year as part of its expansion plans for the online furniture business it bought out of administration in 2022.
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NewsCredit insurer cuts cover for The Very Group suppliers
The Very Group’s credit insurer Allianz Trade has cut cover for its suppliers, which threatens to increase financial pressures on the retailer, according to reports.
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NewsWaitrose eyes online grocery partnership with Amazon
Waitrose is reportedly exploring a partnership with Amazon in a deal that would see the supermarket’s groceries sold on the platform.
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DataRanking: England and Wales’ shoplifting hotspots
To reveal the places hardest hit by shoplifting – and the areas where it’s seemingly safest to operate a store – Money.co.uk has extracted crime data for England and Wales, and here are the results
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Innovation of the WeekInnovation of the Week: Mango launches conversational AI platform
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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NewsFrasers Group discloses plans to move global headquarters
Frasers Group, which is presently headquartered at Shirebrook, Derbyshire, is planning to move its global headquarters.
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NewsExclusive: Body Shop owners set deadline for final bids
Retail Week understands that Natura & Co has set a final deadline for bids from interested parties for The Body Shop of October 23.
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NewsCMA investigation puts Amazon and Microsoft under microscope
The UK’s media regulator has referred the country’s £7.5bn cloud computing market to the competition watchdog for an investigation over concerns about Amazon and Microsoft.
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NewsExclusive: Fat Face boss Will Crumbie says product is ‘at the heart’ of success as sales soar
Fat Face boss Will Crumbie has said product is “at the heart” of its success as the fashion retailer reported a surge in sales and profits for the full year.
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NewsAlibaba investigated over ‘possible espionage’ at logistics hub
The Chinese tech and retail giant Alibaba is being investigated by the authorities in Belgium over possible charges of espionage.
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AnalysisStrategy spotlight: Five ways The Works’ elevation strategy will win consumer spend
The Works is on a mission to change its legacy perception as a “pile it high, sell it cheap” discounter. As its “better, not just bigger” refocused strategy accelerates, the retailer topped Retail Week’s fastest-growing value ranking for 2021/22. We explore its five key drivers to profitability as consumer confidence lifts.
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GalleryInside Hoka’s first retail store in Europe
French activewear and running brand Hoka has opened its first retail store in Europe, in London’s Covent Garden.