More on Me + Em – Page 384
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Opinion‘Avalanche of returns is dragging down profits in an industry living on thin margins’
Retailers are adopting a variety of measures to try to soothe the growing returns headache. Alvarez & Marsal’s head of retail Erin Brookes looks at how the challenge is being addressed
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DataRanking: Retailers leading in operational excellence, according to industry experts
Fifty UK senior retail professionals have named the brands they rate most highly for supply chain success in Retail Week’s Chain Reaction report.
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Retail VoiceRetail media: A multibillion-pound opportunity to improve CX and revenue
With the retail media market set to be a £100bn juggernaut over the next five years, according to global consulting firm BCG, there is a colossal opportunity for retailers to boost their bottom line. WNS’ Brian Burchfield delves into the ways retailers can capitalise on retail media.
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NewsMorrisons increases basic pay for all UK staff to £10.20 an hour
Morrisons has increased its base pay rates for frontline staff to £10.20 an hour across the whole UK, making it the highest-paying supermarket in the country.
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GalleryStore gallery: French fashion retailer IKKS opens first UK store
French fashion and lifestyle brand IKKS has opened its first UK store on London’s Carnaby Street.
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AnalysisAnalysis: As DFS and ProCook warn on profits, has the homewares sector lost its spring?
The homewares sector has enjoyed a boom over the past two years but, with DFS and ProCook issuing the latest in a string of profit warnings, has the pandemic bubble burst?
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NewsProCook warns on profits as shoppers ‘tighten their belts’ amid cost-of-living crunch
ProCook has said sales and profits for its current financial year will be behind previous forecasts as shoppers face “exceptional pressures on discretionary spend”.
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NewsReliance and Apollo team up to lodge £5bn binding bid for Boots
Reliance Retail and Apollo are understood to have made a formal offer for Boots, which would allow current owner Walgreens to retain a significant minority stake.
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AnalysisAnalysis: Five things you need to know about Beauty Pie
Arriving on the scene in 2016, Beauty Pie was founded on the premise that beauty should be affordable without compromising on quality. With recent investment off the back of a year when sales grew 140%, can it change the landscape of beauty retail?
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NewsPoundland parent’s sales and profits rise as UK shoppers rein in ‘essential’ spending
Poundland owner Pepco Group has said UK shoppers are “scaling back even on essential purchases” amid the cost-of-living crunch.
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NewsCD&R clears final hurdle for £7bn Morrisons acquisition
Clayton, Dubilier & Rice (CD&R) has been given the all-clear to complete its £7bn acquisition of Morrisons after the competition watchdog agreed to its offer to sell some petrol forecourts.
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InterviewThe Amazon of washing machines: How Marks Electrical is taking on the titans
In a volatile and inflationary electricals market, Marks Electrical has bucked sector trends by growing both sales and market share. Retail Week speaks to chief executive Mark Smithson about how his business is outcompeting its more established rivals
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NewsAO scraps German business following strategic review
Electrical goods etailer AO.com has taken the decision to close its German business after eight years of trading, following a strategic review into its performance.
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AnalysisRetail Horizon 2022: Navigating cost of living, sustainability and ‘blended retail’
From Brexit to Covid-19, Russia’s invasion of Ukraine to supply chain issues and soaring inflation, the power of external influences to challenge the retail industry has been relentless in recent months.
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AnalysisRetail Horizon 2022: Navigating cost of living, sustainability and ‘blended retail’
From Brexit to Covid-19, Russia’s invasion of Ukraine to supply chain issues and soaring inflation, the power of external influences to challenge the retail industry has been relentless in recent months.
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Opinion‘CMA will act to protect shoppers from price fixing’
The Competition and Markets Authority receives more complaints about price fixing than any other infringement of competition law, says its senior director of antitrust Ann Pope – and it will not hesitate to clamp down on offenders
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DataData: New ranking reveals top 30 UK retailers by store growth
Retail Week’s latest report features new analysis of the retailers that expanded their store footprint the most from January 2019 to March 2022. It also features data from Local Data Company to show the sectors that are driving store growth and where the opportunities lie.
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Retail VoiceFour questions to help you discover if BNPL is right for your business
There is a lot to consider when adding a new payment method. Buy now, pay later (BNPL) is no exception. So what questions should retailers ask before adopting BNPL, asks Checkout.com’s Renee Howard.
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NewsJohn Lewis names first three locations for house-building scheme
John Lewis has confirmed the first three locations for its build-to-rent scheme as it aims to build 10,000 homes by 2030.