More on Me + Em – Page 327
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NewsTHG enjoys sales growth but misses downgraded earnings guidance
THG has reported an increase in revenue but missed its downgraded EBITDA expectations.
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NewsTHG shares surge off the back of private equity buyout approach
THG shares have surged after the retailer confirmed it received “a highly preliminary and non-binding indicative proposal” for a buyout from private equity firm Apollo Global Management.
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NewsExclusive: B&M pulls the plug on ecommerce home deliveries
B&M has abandoned online home delivery after a trial period had previously been available to customers on its website.
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NewsPrettyLittleThing boss Umar Kamani steps down after 12 years
PrettyLittleThing’s founder and chief executive Umar Kamani has announced he will step down from the fashion retailer after 12 years as he embarks on “new challenges and goals” and plans to “build new brands”.
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NewsWatch: Asda trials driverless deliveries in London
Asda has today launched what it says will be Britain’s biggest autonomous grocery home delivery trial.
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NewsQuiz sales soar as it hails ‘increased consumer demand’
Quiz has reported a 17% increase in revenue to £91.7m in the 12 months ending March 31.
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NewsAmazon strikes: hundreds of Coventry workers walk out over pay
Hundreds of Amazon workers have walked out in the first of two three-day strikes over pay.
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Opinion‘CEOs face the challenge of staying true to a long-term vision amid uncertainty’
Ahead of the World Retail Congress, Spencer Stuart’s Sally Elliott assesses the changing demands on retail chief executives and how effective succession planning can best position companies for success
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Innovation of the WeekInnovation of the Week: Alibaba and L’Oréal partner to promote circular beauty in China
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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InterviewMarks Electrical boss Mark Smithson on keeping its edge in a difficult market
The electricals sector has faced tough challenges amid the cost-of-living crisis, high inflation and a poor macroeconomic environment since Covid-19 but for Marks Electrical, the past few years have meant revenue growth and soaring sales.
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News‘Speed is of the essence’ for Superdry as it mulls equity raise
City analysts have warned Superdry that “speed is of the essence” if it wants to survive after the fashion retailer issued a profit warning and announced it was exploring an equity raise of 20% earlier today.
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NewsDiscounters and Asda follow Tesco and Sainsbury’s in cutting milk prices
Aldi, Lidl and Asda have all joined supermarket giants Tesco and Sainsbury’s in cutting the price of milk by at least 5p.
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NewsDr Martens issues profit warning as LA distribution centre increases costs
Dr Martens has issued a profit warning for 2023 as ongoing issues with its LA distribution centre meant costs were “higher than initial estimates”.
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NewsAO raises profit guidance again as it recovers from struggling market
AO has issued a trading update that shows increased profit guidance ahead of the release of its full-year results in July.
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NewsJohn Lewis bids to win kidswear market share with expanded range
John Lewis hopes to seize a bigger share of the children’s clothing market with the launch of an expanded collection, including debut ranges from its new director of design for fashion, Queralt Ferrer.
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GalleryStore gallery: Inside PrettyLittleThing’s new ‘pink haven’ showroom
PrettyLittleThing has unveiled its new London-based showroom and office facility located in “the heart of Oxford Circus”.
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NewsSuperdrug and Savers become latest retailers to offer flexible pay
Superdrug and Savers have announced new benefits to help employees manage the cost-of-living crisis, including offering early pay and partnering with financial wellbeing and digital healthcare apps.
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NewsPandora latest retailer to offer pay rise for staff
Jewellery retailer Pandora has announced a pay increase for retail employees in the UK and Ireland, making this the third pay rise the retailer has offered in the past 12 months.
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AnalysisInflation, supplier relationships and loyalty – the take from Tesco boss Ken Murphy
From a chink of light at the end of the inflationary tunnel to the market share gains of discounters, Tesco boss Ken Murphy shared his thoughts on the state of play in UK grocery.
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NewsLVMH enjoys sales boom in ‘excellent start’ to the year
Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.