More on Me + Em – Page 345
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Opinion‘Dangerous false economies risk limiting retail’s recovery from challenging period’
You can’t manage a retail business quarter by quarter. Short-termism threatens to inhibit innovation and limit retail’s potential when tough times recede, warns True’s Matt Truman
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AnalysisResearch: Christmas in crisis – and what to do about it
Half of shoppers might be planning to spend less this Christmas, but with the right strategy retailers can still come out on top, finds Retail Week’s new report
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Report StoreCrisis and the consumer
Half of consumers plan to spend less this Christmas and 40% are looking to spend the same as last year, a major new research report from Retail Week reveals.
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NewsCoats, hot water bottles and hooded blankets help warm up retail sales
Black Friday bargains helped retail sales climb by more than 4% in November, according to the latest BRC-KPMG Retail Sales Monitor.
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NewsSainsbury’s pledges to keep prices low with further £50m investment
Sainsbury’s is to plough a further £50m into keeping prices low by March 2023 in a bid to help customers manage the rising cost of living.
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NewsBlack Friday consumer tech sales sink to five-year low
Air fryers, heated clothes airers and electric blankets bucked the downward trend for Black Friday sales this year, according to point-of-sale data by analysts GfK.
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NewsJohn Lewis turns down temperature to cut soaring energy bills
John Lewis and Waitrose are to turn down the temperature and dim the lights to reduce energy bills.
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NewsCurrys switches out of Royal Mail as strikes loom
Electricals giant Currys has dropped Royal Mail for parcel deliveries to minimise disruption from strikes during the crucial Christmas period.
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NewsSearch begins for successor to Morrisons boss Potts
Morrisons’ private equity owner is pondering an eventual successor to chief executive David Potts.
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Innovation of the WeekInnovation of the Week: Tesco’s community-focused ‘reverse supermarket’
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 VoiceFive ways retailers can avoid basket abandonment online
The movement of money is the life-source of commerce, says Elavon Europe’s Rob Evans, who explains the pan-European changes that have made the way we pay safer, quicker and easier
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NewsJaeger boss Fiona Lambert departs Marks & Spencer
Jaeger managing director Fiona Lambert is to leave Marks & Spencer two years after joining to lead the revival of the brand.
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Opinion‘As Next snaps up Joules, expect more retailers to go shopping for distress deals’
The current economic environment means the recent rash of acquisitions could continue, but such deals can turn a crisis into a shared opportunity, writes Retail Week executive editor George MacDonald
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NewsHush poaches former Feelunique boss for chief executive role
Womenswear brand Hush has poached former Feelunique boss Sarah Miles to be its new chief executive.
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NewsJohn Lewis launches £500m rental homes joint venture
John Lewis has partnered with investment firm Abrdn on a £500m, multi-decade partnership to deliver part of its rental homes target.
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AnalysisThe Retail Inn: How brands are using hotels as a shop window
The Retail Inn: How brands are using hotels as a shop window
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AnalysisStrategy spotlight: Five ways Burberry has refined its strategy to unlock long-term growth
“Modern British luxury” was the headline of new Burberry CEO Jonathan Akeroyd’s strategy, which was revealed during the fashion brand’s interim results in November 2022. Targeting medium revenue growth to £4bn, our Retail Week Prospect analyst team examines Burberry’s plan to unlock this next phase of growth
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Retail VoiceHow UK retailers can learn from China
Chinese shopping and media consumption habits are very different to the rest of the world, says BAV Group’s David Roth, and UK retailers can learn plenty from the innovative ways in which businesses present and communicate
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NewsHotel Chocolat boss Thirlwell eyes rollout of ‘format of the future’ stores
Hotel Chocolat is eyeing a wider rollout of its new “format of the future” stores as shoppers return in droves to bricks-and-mortar locations.
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NewsNext elbows out Foschini with last-minute swoop on Joules alongside founder
Fashion powerhouse Next has teamed up with Joules founder Tom Joule to buy the retailer, fending off competition for control from Phase Eight owner Foschini.