More on Me + Em – Page 286
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NewsTesco appoints City veteran to replace John Allan as chair
The UK’s largest grocer Tesco has hired Burberry chair Gerry Murphy to replace John Allan, who stepped down from the retailer after allegations of inappropriate behaviour.
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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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Innovation of the WeekInnovation of the Week: Amazon goes local for same-day delivery and returns
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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Retail VoiceThe retail industry’s escalating wellbeing crisis
Retailers need to understand how their people are really feeling to create happier and healthier workforces, says Retail Trust’s Chris Brook-Carter.
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NewsNike hails ‘milestone year’ as revenues jump despite fall in margins
Nike has reported an increase in revenues in the fourth quarter and full year ending May 2023, driven by “investment in innovation and digital leadership” as well as the success of its “top strategic partners”.
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NewsAuthentic Brands Group secures multimillion-dollar funding
Authentic Brands Group, which owns retailers including Reebok, Ted Baker and Hunter, has secured a $500m (£395.6m) primary follow-on investment from its current investor General Atlantic.
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NewsRevolution Beauty hits back at Boohoo as battle for control rages
Revolution Beauty has launched another attack on Boohoo as a daily war of words continues over the control of the beauty specialist.
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NewsWHSmith will not open any more high street stores
WHSmith will not open any more high street stores as it focuses instead on its growing travel arm.
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AnalysisStrategy spotlight: Five ways Fast Retailing is driving growth
While it is still only half the size of Inditex in terms of total sales, Uniqlo’s Japanese parent company Fast Retailing is intent on closing the gap with the world’s two largest clothing retailers, H&M in second place and the Spanish giant firmly in the top slot
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NewsM&S launches members’ prices for Sparks loyalty scheme
Marks & Spencer has become the latest retailer to offer lower prices to members of its loyalty scheme.
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NewsExclusive: Seasalt appoints two new executives
Cornish fashion retailer Seasalt has announced the appointment of Mel Wilcox as its first chief information officer and Duncan Tennent as the brand’s new director of strategic partnerships, Retail Week can reveal.
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NewsExclusive pictures: How Oxford Street will look after a £100m facelift
Oxford Street’s facelift is set to deliver better pedestrian access and a greener shopping environment, with shovels set to hit the ground on the project by autumn next year, Retail Week can reveal.
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InterviewQ&A: Not On The High Street’s CEO on the challenges facing pureplays
Retail Week talks to Not On The High Street chief executive Leanne Rothwell on the challenges of running a pureplay business and being a disruptor in the gifting space.
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NewsVery Group announces The Gate as lead creative partner
The Very Group has appointed The Gate as its new lead creative partner following a successful pitch.
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Opinion‘As grocers come under fire for profiteering, they should speak up on behalf of hard-pressed consumers’
As big grocers continue to come under fire over ‘profiteering’ concerns, they clearly still have work to do to convince policymakers and the public that providing great value for money is absolutely front of mind.
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NewsPoundland to hire 120 staff ahead of digital expansion
Poundland has started to recruit 120 people for roles at its South Yorkshire distribution centre ahead of its digital expansion in the summer.
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NewsH&M beats profit forecast in good start to summer
H&M has reported stronger-than-expected profits and said its third-quarter sales were off to a good start.
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NewsMoonpig sales climb but profits fall
Moonpig has posted a fall in full-year profits despite an increase in revenue.
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NewsB&M boosts first-quarter sales as shoppers seek value
B&M has grown revenue by 13.5% in the 13 weeks to 24 June, 2023, as shoppers search out value during the cost-of-living crisis.
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NewsAngered Boohoo accuses Revolution Beauty of hiding free share award terms
Boohoo has accused Revolution Beauty of a “lack of transparency” for hiding the terms of its free share awards in its annual report and has set out a list of demands for the beauty brand’s management team.