All Retail Week articles in September 2023 – Page 5
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NewsTHG losses deepened by one-off disposal costs
THG operating losses deepened due to a one-off, non-cash charge related to the sale of its loss-making business, but the retailer says the disposal has improved its overall financial guidance.
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NewsJohn Lewis upgrades profit outlook but delays end of transformation plan
John Lewis has upgraded its full-year financial guidance after narrowing losses and increased sales in the first half, but has delayed implementation of its transformation plan by two years.
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NewsThe Range makes £5m deal to acquire Wilko brand and website
Value retailer The Range has made a deal to buy the Wilko brand from administrators PwC for around £5m, saving 36 jobs in the process.
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NewsLidl swings to loss following ‘significant’ investment on price
Lidl has swung to a full-year loss, despite acquiring over 1 million new customers and its revenues soaring.
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NewsGousto on track for record profits despite cost-of-living crisis
Gousto is on track to post record profits this year despite record food inflation and the cost-of-living crisis, the meal kit box subscription business said.
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NewsFreemans axes catalogue after 118 years
Home-shopping retailer Freemans has announced plans to stop printing its catalogue after 118 years, in its journey to “reinvent itself as a digital pureplay”.
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NewsPepco Group chief executive resigns
Discount retailer and Poundland parent company Pepco Group has announced that its chief executive Trevor Masters has stepped down with immediate effect.
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NewsLidl eyes up former Wilko stores as part of physical expansion plans
Lidl boss Ryan McDonnell said his property team were in “close contact” with Wilko’s administrator about the possibility of snapping up some of its former stores.
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NewsTikTok Shop boosts in-app shopping with commerce partnership
TikTok Shop has partnered with global ecommerce network CommerceHub to help accelerate growth of its in-app shopping experience.
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NewsWilliam Reed launches Retail Week x The Grocer LIVE 2024
William Reed has launched Retail Week x The Grocer LIVE 2024, a two-day gathering of the leading minds in retail and fast-moving consumer goods (FMCG).
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Opinion‘Time to address crime or face a US-style retail flight from troubled towns’
Right across the retail spectrum, from value shops to department stores, indies to chains, the blight of crime is increasingly being felt.
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AnalysisJohn Lewis Partnership: Transformation is delayed, but has any recovery progress been made?
Interims from the John Lewis Partnership were a mixed bag, following a period when the retailer generated headlines for sometimes controversial reasons, such as potentially bringing in external investors.
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Retail VoiceThe next retail battleground: seeking ‘share of life’ over ‘share of wallet’
Creating the best customer experience is essential to building profitability and loyalty. So what should ecommerce and multichannel retailers do when there appears to be a tension between giving the customer what they want and doing what is best for profit? nShift’s Lars Dige Pedersen explores.
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NewsH&M sales edge up in third quarter
Sales at fashion giant H&M edged up in the third quarter but were “flattish” in most local currencies as the cost-of-living crisis and stiff competition made for a tough backdrop.
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NewsCarrefour warns shoppers with ‘shrinkflation’ signs
French supermarket Carrefour has started warning its shoppers of “shrinkflation” with shelf-edge signs.
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NewsZalando launches ‘visual-first’ content platform with Highsnobiety
Online fashion giant Zalando has launched a new “immersive visual-first” fashion experience, Stories, in partnership with fashion media brand Highsnobiety.
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GalleryShein brings ‘brand experience to life’ with Oxford Street pop-up
Fast-fashion retailer Shein has opened the doors to its latest pop-up on Oxford Street to offer shoppers “the best of Shein this season” in the heart of London.
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NewsExclusive: Boots shelves launch of marketplace
Boots has shelved plans to launch its own marketplace, Retail Week can reveal.
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GalleryStore gallery: Frasers opens new department store in Norwich
Frasers has opened a new concept store in Norwich, demonstrating the group’s “commitment to physical retail in the UK, as well as the continued growth of Frasers”.
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InterviewInterview: Style, sustainability, stores, storytelling – the corner pieces of Beth Butterwick’s Jigsaw
As Jigsaw looks to inject some of the founder’s 1970s DNA back into the business, chief executive Beth Butterwick talks about how its heritage is part of the progressive journey for the fashion retailer