All News articles – Page 2
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L’Oréal sales surge as mass-market beauty outgrows luxury
Global cosmetics giant L’Oréal has kicked off the first quarter with high-single-digit growth in sales as it “continued outperformance in a global beauty market that remained dynamic”.
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Retail sales flat in March, official data shows
Retail sales growth was flat last month, the Office for National Statistics (ONS) has reported.
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Wilko relaunches click and collect from more than 200 locations
Wilko has relaunched its click-and-collect service at more than 200 collection points across the country, free of charge.
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Fourth Asda store votes for strike action
Members of the GMB union in a fourth Asda supermarket have voted to take industrial action. Meanwhile, the Asda Lowestoft store has announced strike dates in May.
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Shein revives interest in Topshop
Shein is understood to have rekindled its interest in Asos-owned Topshop alongside ABG, The Times reports.
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Unilever Prestige’s Vasiliki Petrou named World Retail Congress Woman of the Year
Vasiliki Petrou, executive vice-president and chief executive of Unilever’s premium division Unilever Prestige, has been named Woman of the Year at the 2024 World Retail Congress in Paris.
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Dunelm guidance unchanged despite sales growth
Dunelm has posted a surge in sales driven by volume and growth across both in-store and digital channels in the third quarter, ending March this year.
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Holland & Barrett invests £4m in women’s health
Holland & Barrett is investing over £4m in its women’s health offer as it kicks off its new ‘Own Every Day of the Month’ campaign to bring awareness and education to women’s health issues.
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BP to roll out body cameras at stores with ‘higher levels of crime’
BP has said it is continuing to invest in the security of its retail staff through the rollout of body-worn cameras in stores facing “higher levels of abuse and crime”.
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Trouva acquired for third time in two years
Trouva has been bought by Fy!, the third time the brand has changed hands in two years.
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LVMH revenue slips in ‘uncertain’ global market
Luxury retail group LVMH has posted a slight decline in overall reported revenue growth as it continues to trade in an “uncertain” geopolitical and economic environment.
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Adidas increases profit guidance as sales exceed expectations
Global sportswear giant Adidas has increased its full-year profit guidance after its performance exceeded expectations in the first quarter of 2024.
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Harvey Nichols poaches new chief executive from Alexander McQueen
Harvey Nichols has poached former Alexander McQueen regional president Julia Goddard to be its new chief executive officer.
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Inflation rate reaches lowest level in over two years
The rate of inflation has fallen to its lowest level in two-and-a-half years, according to the latest figures by the Office for National Statistics.
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Shein executive distances retailer from ‘labour practices’ concerns
A senior Shein director has maintained that technological prowess rather than supply chain working conditions have driven the pureplay fashion giant’s success.
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Asos sales continue to fall as it appoints new CFO
Asos has reported another slump in sales but says it will meet profit guidance for this year as it introduces a new chief financial officer.
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Alibaba launches business academy for female entrepreneurs in Europe
Alibaba.com has launched its Academy for Women Entrepreneurs (AWE) in Europe to champion gender equality and female entrepreneurship.
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Getir weighing asset sales as part of restructuring talks
Getir, one of the world’s largest rapid-delivery grocery platforms, is weighing a string of asset sales as part of a restructuring of the business after its valuation plummeted.
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Matalan adds 17 new brands and gets more inclusive on sizes
Matalan has launched 17 new third-party brands and extended its sizing options, strengthening its “commitment to bring customers better choice, style and value”.
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Morrisons launches AI-based loyalty card feature in UK first
Morrisons is launching a new feature under its Morrisons More Card loyalty scheme which uses AI to personalise offers to each customer.