All News articles – Page 7
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Retail sales via social media set to double in four years
The social commerce industry is expected to double its value in the next four years in the UK as more consumers discover new ways to shop.
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Currys boss ‘encouraged’ by revised Labour workers rights plan
Currys chief executive Alex Baldock said he is “encouraged” by the Labour party’s updated version of its package of workers rights.
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Music Magpie revenue declines as it banks on Black Friday boost
Music Magpie has reported a fall in revenues during the first half of the financial year
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Tesco strikes ‘landmark’ retail media partnership with global advertising giant
Grocer Tesco has agreed a “landmark” partnership with the world’s biggest media-buying business as it ramps up its retail media business.
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Boots maintains 'positive momentum' as UK sales rise
Boots has reported growth in retail and pharmacy sales as its market share improved for the 13th consecutive quarter, in the three months to May 2024.
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H&M posts ‘best results for many years’ despite weather warning
Swedish fashion giant H&M has reported its “best results for many years” during the second quarter.
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Moonpig sales and profits rise driven by tech innovation
Online greetings card retailer Moonpig has reported a rise in full-year sales and earnings.
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Watches of Switzerland says UK market ‘stabilising’
Luxury specialist Watches of Switzerland is “cautiously optimistic” about trading in the year ahead.
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‘Soft’ start to year at Halfords as annual profits slide
Halfords said that tough trading conditions persist.
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Currys’ performance ‘strengthens’ as full-year earnings rise
Electricals giant Currys has has reported that trading momentum improved throughout last year although like-for-likes fell at its core UK division.
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Human rights group calls on regulator to block Shein’s London IPO
A UK-based human rights group is calling on the Financial Conduct Authority to refuse Shein’s application to list on the London Stock Exchange.
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Flying Tiger Copenhagen launches rewards app and ‘customer club’
Flying Tiger Copenhagen Club provides customers with loyalty benefits when they sign up through the app.
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ProCook to leverage AI and robotics to ‘become more efficient’
Specialist kitchen retailer ProCook has said it will look to use more AI, as well as machine learning and robotics, to “become more efficient” as it grows.
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Former Barbour MD launches unisex fashion brand
The former managing director at Barbour has launched a new unisex, gender-neutral fashion brand.
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Revolution Beauty swings to profit as strategic focus pays off
Cosmetics retailer Revolution Beauty is back in the black after making “strategic and financial progress” during the year.
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Marks Electrical ‘well positioned’ for market recovery after record year
Marks Electrical has said it is “very well positioned” for an electronics market recovery as sales jumped and its profits met expectations.
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AO profits top guidance in year of ‘good progress’
AO has reported a surge in profits and maintained its guidance in a year of “good progress” at the domestic appliances retailer.
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Retail leadership diversity on the rise but inclusion is ‘tough nut to crack’
Diversity in retail leadership is on the rise but inclusion remains the “nut to crack”, according to a report by the British Retail Consortium and the MBS Group.
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Snap is ‘exploring ways’ to use Gen-AI to boost retailers’ product ads
Social platform Snap has said it is currently “exploring ways” to use generative AI, particularly to help brands and retailers strengthen their advertisements.
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Matalan profits up as focus on full-price sales reaps rewards
Fashion retailer Matalan has reported a surge in profitability despite a dip in sales.