More on Me + Em – Page 362
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NewsShop prices hit new records as retail calls for business rates freeze
Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.
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NewsJohn Lewis unveils initiatives to ‘help customers spread Christmas costs’
Department store business John Lewis has detailed plans to enable customers to “manage Christmas costs as they suffer from the high cost of living”.
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AnalysisAnalysis: What are the implications for retail as sterling takes a pounding?
The new government’s mini-budget last week proved to be anything but. Indeed, it was so dramatic that it has spooked financial markets and sent the pound to record lows against the dollar.
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NewsGymshark raids Asos for new chief financial officer Dunn
Gymshark has continued its recent run of new senior management additions by poaching Asos finance boss Mat Dunn.
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NewsMorrisons chief operating officer Trevor Strain steps down
Morrisons chief operating officer Trevor Strain has today informed the grocer’s board that he wishes to leave the business.
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NewsJD Sports fined £1.4m over Rangers FC price-fixing controversy
The Competition and Markets Authority (CMA) has fined JD Sports after it admitted to fixing the prices of Rangers FC merchandise.
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NewsCard Factory swings back to black as consumers return to high street
Card Factory has noted a “shift of customer spend back towards the high street and reversal of lockdown effects”.
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NewsAmazon unveils new Prime Sales event to help customers ‘spread seasonal spending’
Amazon has today announced the launch of a new two-day shopping Sale, Prime Early Access, in mid October, designed to help customers “spread out their seasonal spending”.
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AnalysisAldi boss Hurley on cost of living, Christmas and its ‘unbreakable contract’ with customers
Having just dethroned Morrisons as the fourth-largest grocer in the UK, Aldi is gunning for further growth despite a slump in profits. The discounter’s boss Giles Hurley discusses the key issues facing the business – and how it is planning to take further share in a fiercely competitive market.
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NewsMatalan names Nigel Oddy as interim chief executive as it searches for buyer
Matalan has appointed retail veteran Nigel Oddy as chief executive on an interim basis, while founder and chair John Hargreaves is to step down.
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NewsRiver Island invests in stores as it returns to profit
River Island swung back into the black in 2021, beating pre-pandemic figures.
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NewsFrasers makes mandatory offer for online player MySale
Frasers Group has made a mandatory offer for online fashion specialist MySale after the rebuffal of earlier interest.
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NewsBoohoo cancels orders and Wilko delays payments amid tough trading conditions
Online fashion specialist Boohoo has cancelled orders and variety store group Wilko is delaying supplier payments as disrupted trading conditions take a toll.
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NewsAldi pledges to 'double down' on low prices as profits fall
Value grocer Aldi has vowed to deliver the lowest prices to shoppers after posting a slide in annual profits.
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InterviewInterview: Poundland’s Barry Williams on Christmas, cost of living and gunning for the grocers
Retail Week sits down with Poundland boss Barry Williams to discuss the challenges and opportunities presented by the cost-of-living crisis, the retailer’s growing focus on new categories and building a profitable online business from a standing start
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AnalysisFrom BeReal to drone deliveries: Walmart, Rotaro and Trinny London reveal top CX investments
Retail Week’s Consumer Week kicks off today. From tapping into new demographics to understanding what shoppers really want from in-store experiences, retailers and brands from across the industry will share how they are engaging with cash-strapped consumers
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NewsRetail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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NewsScS appoints ex-Argos boss John Walden as chair
ScS has named former Argos and Home Retail Group boss John Walden as its new chair.
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NewsMade.com and Revolution Beauty sound alarm over trading and financing
Embattled retailers Made.com and Revolution Beauty have raised further alarm bells over their financing and current trading as both businesses battle to secure their futures.
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DataConsumer confidence ‘buckles’ to new record low amid spiralling finance fears
Consumer confidence has hit a record low for four out of the last five months, as shoppers’ concerns about personal finances and the economy in the year ahead spike.