More on Me + Em – Page 405
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NewsAsos suspends business with Russia following Ukraine invasion
Online fashion giant Asos has suspended sales to Russia in the wake of outrage over the invasion of Ukraine.
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NewsHolland & Barrett Russian oligarch backers stand down from investor board following sanctions
Holland & Barrett has insisted its operations will not be impacted by sanctions placed on its Russian oligarch backers, who have now stepped down from its owner’s board.
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DataData: Shop price inflation grows at fastest rate in over a decade
Retail prices increased to the highest rate recorded since November 2011 last month, accelerated by a rise in fresh food inflation in February.
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NewsHotel Chocolat on a high as profits outstrip sales growth
Hotel Chocolat has hailed another strong trading period for the business despite wider inflationary pressures as profit grew faster than sales growth.
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InterviewInterview: L’Oréal’s UK boss on how technology will transform beauty retail
On a drizzly Thursday in Hammersmith, L’Oréal Group’s UK and Ireland managing director Thierry Cheval is making lipstick from the comfort of his office.
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NewsMarks & Spencer launches Sparks promotional extravaganza to boost app take-up
Marks & Spencer is to stage a two-week spectacular of “daily personalised offers, giveaways and discounts” designed to drive customer adoption of its app.
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NewsPoundland buys Poundshop.com as it plans national online rollout
Poundland has acquired discount etailer Poundshop.com for an undisclosed sum, marking the next step in the retailer’s plan to build a nationwide online presence.
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NewsSainsbury’s puts 2,000 jobs at risk as it overhauls eat-in and takeaway offer
Sainsbury’s will close 200 of its in-store cafes, putting 2,000 roles at risk, as it looks to roll out more of its Restaurant Hub food hall formats.
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Opinion‘John Lewis may have ditched Never Knowingly Undersold but it must keep service promise’
How many John Lewis customers took advantage of its Never Knowingly Undersold price promise last year?
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DataData: Lidl leapfrogs Co-op as food inflation hits fastest rate in nearly a decade
Both Aldi and Lidl’s grocery market share surged in February as spiralling food inflation hit its fastest rate of growth since late 2013.
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NewsWaterstones acquires independent bookseller Blackwell’s
Waterstones has snapped up Blackwell’s, the UK’s largest independent bookseller, for an undisclosed sum.
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NewsZalando delivers ‘faster than expected’ sales growth
Zalando has posted strong full-year sales and profit growth, fuelled by a rapidly expanding customer base and membership scheme.
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NewsAsos asks suppliers to share inflation burden
Asos has written to suppliers to request a 2% discount on ordered goods, Retail Week understands.
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AnalysisAnalysis: How Ukraine crisis will impact food prices, petrol and confidence
As the world watches in horror at the unfolding Russian invasion of Ukraine over the last few days, the war will only increase pressure on UK retail in an already inflationary environment.
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NewsTesco and Gorillas extend rapid delivery partnership to Manchester
Tesco has expanded its rapid delivery partnership with Gorillas into the north of England, fulfilling customer orders from its Stretford Extra store.
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NewsPrimark places bet on bumper summer and sets date for revamped website
Primark has recorded an uptick in sales of summer holiday gear as consumers gear up for a restriction-free season.
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NewsMcColl’s hopes for cash or buyer as profits come under pressure
Convenience store group McColl’s maintained it is optimistic about finding a “financing solution” to its problems following speculation that it was battling to stave off administration.
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NewsPrimark sales rocket as lockdown fades into past
Sales at value fashion giant Primark surged 60% year on year in its first half – when stores remained open, in contrast to Covid closures the previous year.
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OpinionNigel Oddy: ‘Concerns for the planet are as prominent as cost for UK consumers’
The fashion industry has a responsibility to take sustainability seriously, writes New Look chief executive Nigel Oddy
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Future LeadersHow to avoid ‘pinkwashing’ to support LGBT+ colleagues and customers year-round
On the final day of LGBT+ History Month, Retail Week Be Inspired reflects on what retailers can do to not just limit their support to 28 days.