More on Me + Em – Page 145
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News
Amazon to invest $26bn in India by 2030
Amazon is set to invest $26bn (£20.4bn) in India by the end of the decade as it competes with Walmart.
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News
Primark owner ABF upgrades profit outlook as sales rise
Value fashion giant Primark has reported an increase in sales in its third quarter and parent company ABF upgraded its profit forecast for the full year.
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News
Frasers Group finalises new Mike Ashley role amid acquisition streak
Frasers Group has made a deal with founder Mike Ashley and he has been formally appointed as a consultant to the fashion giant.
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Analysis
Has gender pay reporting really improved women’s prospects in UK retail?
It’s been six years since the introduction of the legal requirement for large UK companies to report their gender pay gap.
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Innovation of the Week
Innovation of the Week: DIY retailers join forces to tackle emissions
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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Analysis
Will the metaverse ever be a viable channel for beauty retailers?
In a week-long celebration of the beauty industry, creative agency Cult London set up the inaugural Metaverse Beauty Week (MBW), from June 12-17, on web3 platforms like Spatial, Roblox and Decentraland and a few in-person events hosted at Flannels.
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News
Hotel Chocolat warns on profits as inflationary pressures bite
Specialist retailer Hotel Chocolat has issued its second profit warning of the year, blaming ongoing inflationary pressures and softening consumer sentiment.
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News
New BRC partnership to help retailers access ‘cutting-edge technology’
The British Retail Consortium has joined forces with a retail innovation firm to grant BRC members access “cutting-edge technology”.
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News
Poundland to extend grocery offer to more stores
Poundland is expanding its grocery offering to an additional 24 stores across the UK.
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News
Hotter Shoes owner considers emergency restructuring
Hotter Shoes’ parent company Unbound Group is reportedly in talks to launch emergency restructuring plans to “shed some of its liabilites”.
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Data
Retail sales rise in May but volume declines
Retail sales rose by value but declined by volume in May, according to the Office for National Statistics (ONS).
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News
Revolution Beauty sales leap amid Boohoo requisition
Revolution Beauty has reported a jump in sales and believes it is “appropriate to update all shareholders on the group’s most recent trading performance” in light of the requisition notice by Boohoo.
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Data
UK consumer confidence increases ‘despite fierce economic headwinds’
UK consumer confidence increased for the fifth month in a row despite “fierce economic headwinds of the cost-of-living crisis” and “double-digit grocery price increases”.
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News
Shock interest rate rise means ‘struggle’ for shoppers and retailers, warns credit insurer
The bigger-than-expected increase in interest rates to the highest level since the 2008 financial crisis will pile more pressure on consumers and retailers, a leading credit insurer has warned.
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Opinion
‘Boohoo and Revolution Beauty’s management pageant has already got ugly’
The gloves are off at Boohoo and Revolution Beauty, where the first punches have been exchanged in a fight for control of the embattled makeup specialist.
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News
Morrisons sales increase as it continues to cut costs
Morrisons has reported a continued increase in sales as it makes progress with its “plans to develop a broader, stronger Morrisons”.
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News
Wilko extends deal with home delivery provider to 2026
Wilko has extended its contract with home delivery provider GXO to June 2026.
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News
Amazon to fund 350 apprenticeships and traineeships in the UK creative industry
Amazon is set to fund 350 UK-based apprenticeships and traineeships across the TV, film and publishing industries.
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News
Exclusive: TOFS to bring back physical club card and extend club pricing
The Original Factory Shop is reintroducing its physical club card to stores and extending its club pricing to all members, Retail Week can reveal.
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News
WHSmith, M&S and Argos failed to pay minimum wage
WHSmith, Marks & Spencer, and Argos are among companies that have been named for failing to pay the minimum wage, according to the Department for Business and Trade.