More on Me + Em – Page 195
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AnalysisAnalysis: Next’s Lord Wolfson – caution in 2023 but ‘light at end of tunnel’ for retailers
A profit upgrade but reduced expectations for the year ahead – what to make of Next’s Christmas update? Chief executive Lord Wolfson unpicks the trading messages
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NewsBoots’ focus on value delivers strong Christmas performance
Boots’ focus on value has paid off this Christmas as it posted an 8.7% increase in like-for-like sales for the three months to November.
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NewsTrouva acquired by personal shopping platform Re:store
Trouva, the online marketplace for independent brands, has been bought by Cambridge-based digital personal shopping platform Re:store for an undisclosed sum.
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DataRanking: Christmas trading 2022 league table
Find out how retailers fared during the critical 2022 Christmas trading period with our league table benchmarking sales performance across the industry.
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NewsB&M profits to come in ahead of expectations after Christmas sales advance
Value powerhouse B&M reported a “very good” seasonal performance at its core UK business and full-year earnings are now expected to beat City expectations.
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NewsGreggs beats strikes and bad weather to post strong seasonal sales
Food-on-the-go specialist Greggs generated a big Christmas sales rise to end the year strongly.
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NewsNext ups profit guidance as Christmas sales beat expectations
Fashion powerhouse Next has increased its earnings guidance after a strong Christmas performance.
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NewsAmazon to cut 18,000 jobs across its business as tech giants suffer
Online giant Amazon is to axe approximately 18,000 jobs – about 6% of its workforce.
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsSainsbury’s unveils ‘biggest ever’ investment in higher staff pay
Sainsbury’s is making its “biggest ever” investment in higher wages for staff, bringing its hourly pay rate up to at least £11 per hour.
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NewsGrocery sales hit record £12.8bn over Christmas as inflation drives up prices
Take-home grocery sales passed the £12bn mark for the first time in December, with inflation the key driving factor as volumes decreased.
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NewsMorrisons slashes prices on 130 items as cost of living bites
Supermarket giant Morrisons has reduced the prices on 130 items at the start of the year including bread, meat and cheese to help shoppers struggling with ongoing inflation.
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Retail VoiceHow Holland & Barrett is using the digital HQ to unite its teams
Alongside Holland & Barrett’s physical stores, the retailer has a thriving tech team led by its chief technology officer Sathya Nandakumar. Slack’s Chris Mills met with her to discuss how Holland & Barrett’s teams are using a digital HQ — a single digital space that organises work between people, systems, partners and customers — to improve collaboration across the business
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NewsFood inflation leaps to highest rate on record
Food inflation has risen to its highest rate on record, accelerating to 13.3% last month, the latest figures from the BRC-Nielsen Shop Price Index have shown.
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NewsGymshark and Boden founders recognised in new year honours
Gymshark founder and chief executive Ben Francis has been awarded an MBE for services to business in the 2023 new year honours list.
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NewsAldi hails record Christmas as World Cup and festive trading boost sales
Aldi has reported surging sales as the World Cup and the festive period, combined with a flight to value driven by the cost-of-living crisis, helped deliver its “best Christmas ever”.
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NewsRetail Week and World Retail Congress bought by William Reed
Retail Week and World Retail Congress have been acquired from Ascential by family-owned publishing business William Reed.
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NewsVictorian Plumbing to open new £50m distribution centre
Victorian Plumbing is to open a new 544,000 sq ft, purpose-built distribution centre in Lancashire after agreeing on a 20-year lease.
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NewsHotel Chocolat teams with new partner for Japan expansion
Hotel Chocolat has entered a strategic partnership with Eat Creator Corporation to optimise the brand for the Japanese market.
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AnalysisWhat’s in store for 2023? Very, Primark and Kingfisher bosses predict the year ahead
In the last year, the UK has leapt from a pandemic to a political circus straight into an economic whirlwind, begging the question: what’s next? So we’ve asked the bosses of retail to predict the unpredictable and tell us the trends they think will dominate and direct the sector in 2023