More on Me + Em – Page 220
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News
Moonpig goes back to basics to navigate cost of living crisis
Moonpig has said it will focus on greeting cards and has left its full year guidance unchanged as it seeks to navigate the current cost of living crisis.
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News
Mike Ashley to step away from Frasers at next AGM
Frasers Group has said founder Mike Ashley will not seek re-election as a director at its next annual general meeting and will be stepping away from the business.
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News
Kingfisher guidance unchanged despite profits and sales slump
Home and DIY giant Kingfisher has insisted that its full year guidance remains unchaged despite profits and sales falling in the first half.
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Opinion
‘Even wealthy consumers may reach a tipping point where prices are too high’
Careful management is needed or luxury retail – often insulated from the effects of downturns – may not emerge unscathed from the impending recession, warns Alvarez & Marsal’s Erin Brookes
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Retail Voice
The four shopper mindsets emerging from the pandemic
What does the new normal look like for online shopping? According to Shekhar Deshpande and Talitha Rutten, four drastically different mindsets have emerged.
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News
Mini-Budget expected to address cost of living next Friday
The government is expected to unveil a ‘mini-Budget’ a week today when new prime minister Liz Truss will reveal details of plans to confront the cost-of-living crunch.
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Data
Retail sales volumes slide as cost of living bites
Year on year retail sales rose by value but plunged by volume last month as the cost of living climbed, official figures reveal.
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News
Troubled Naked Wines parachutes founder Gormley in as adviser
Naked Wines has appointed founder Rowan Gormley, former chief executive and still a “material” shareholder, as a board adviser as it reviews its business.
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Analysis
Strategy spotlight: Five things to know about Currys as it transforms to navigate the cost-of-living crisis
Chief executive Alex Baldock is pushing ahead with a transformation plan for Currys, which focuses on leveraging omnichannel and credit, and more recently addresses inflation and the rising cost of living.
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Analysis
Shrinking baskets and soaring costs: John Lewis pins hopes on a Christmas miracle
The John Lewis Partnership, like all of retail, faces yet another volatile and uncertain Christmas trading period.
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News
John Lewis unveils one-off cost-of-living payment as losses widen
The John Lewis Partnership has authorised a one-off cost-of-living payment bonus and free food over the winter for staff as its losses deepen.
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News
DFS profits plummet as supply chain issues and inflation take toll
DFS profits have plummeted as the retailer blamed supply chain issues, double-digit inflation and staff shortages for the slump.
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News
Wickes profits slip but full-year guidance remains unchanged
Wickes adjusted profits have slipped despite a marginal increase in sales, although the retailer’s full-year guidance remains unchanged.
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News
THG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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Opinion
‘Even the most security-savvy retailers are attractive targets for cybercrime’
In a digital-first environment, retailers cannot afford to overlook any kind of cyber threat, says AlixPartners managing director Brian Kalms
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Retail Voice
How retailers can emerge strongly and gain market share
With consumers changing their spending habits, what should retailers be doing to retain, or even grow, market share, asks OC&C’s James George
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News
Amazon to halt deliveries as retail shuts down for Queen’s funeral
Amazon has confirmed that all deliveries to customers will be paused for the duration of the Queen’s funeral on September 19.
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News
Inditex sales reach ‘historic high’ as it expands store estate worldwide
Inditex, the owner of brands including Zara, has registered record sales with positive numbers across all countries in which it operates.
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News
Dunelm pledges to ‘make every pound count’ as profits and sales climb
Dunelm has recorded an uplift in both profits and sales, gaining market share from homewares competitors.
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News
Next pulls out of Joules takeover talks as founder Tom Joule returns
Joules has confirmed that discussions with Next to take an equity stake in its business have come to an end.