More on Me + Em – Page 227
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News
Deliveroo losses widen as Next boss Lord Wolfson quits board
Deliveroo has suffered a double blow after posting spiralling half-year losses and revealing that Next boss Lord Wolfson has stepped down from its board.
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Opinion
‘In this environment it’s not just profitability that’s at stake, but survival’
Retailers should take encouragement from how they have transformed themselves in recent years as they adopt tactics to confront today’s difficult environment, says Alvarez & Marsal’s European head of retail and consumer practice Erin Brookes
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News
Retailers call for ‘urgent action’ on business rates from Sunak and Truss
The Retail Jobs Alliance, which includes many big retailers, has urged Conservative and prime ministerial contenders Rishi Sunak and Liz Truss to address the “unsustainable burden” of business rates
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News
Address tight labour market to help combat inflation, urges John Lewis boss
John Lewis Partnership chair Dame Sharon White has cautioned that higher inflation is inevitable unless more people return to work
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Data
Retail sales volumes plummet as inflation takes its toll
Retail sales inched up in July, but volumes fell when soaring inflation is taken into account
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Gallery
Store gallery: By Rotation launches London pop-up to encourage fashion rental
Fashion rental app By Rotation has opened a pop-up store in London’s Belgravia
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News
Amazon UK workers threaten further strike action over 35p pay rise
Amazon workers are planning a wave of strikes as they seek better wages.
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News
Next in talks to take £15m minority stake in Joules
Joules has confirmed that it is in discussions with Next over a potential equity investment.
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Opinion
'Shopify got its online gamble wrong – now the pureplays must spread their bets'
Ecommerce giant Shopify’s decision last month to axe 10% of its workforce turned received retail wisdom firmly on its head.
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Opinion
‘As recession looms, how will consumers behave this time around?’
Leaders must look back at how retail fared in 2008, the last prolonged recession in the UK, for indicators of how spending may play out next year, advises PwC consumer markets leader Lisa Hooker
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News
Asda partners with Deliveroo for on-demand grocery delivery
Asda has launched a partnership with Deliveroo for on-demand grocery deliveries with the goal to offer delivery from 300 stores by the end of the year.
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News
M&S extends Football Association deal as tailor for men’s and women’s England teams
Marks & Spencer has struck a new deal with the Football Association (FA) to become the official tailor for both the men’s and women’s England teams.
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News
Pets at Home sales rise driven by loyalty scheme and subscriptions
Pets at Home has posted an uplift in sales as it continues to attract new customers to its loyalty and subscription propositions.
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Analysis
Deep dive: What will be this year’s Christmas bestsellers?
Retailers are busy behind the scenes finalising their Christmas ranges. Which products and trends are they banking on to whip up a festive frenzy?
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Analysis
Retail’s new normal? What Next results say about stores, online and returns
As Next upgrades its profit outlook for the year following a strong second quarter, Retail Week explores the retailer’s data, which may paint the fullest picture yet of what the post-pandemic ‘new normal’ actually looks like.
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News
Bank of England warns UK will fall into recession this year as interest rates soar
The Bank of England (BoE) has said the UK economy will crash into a recession by the end of the year as it raised interest rates to their highest point in 27 years.
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News
Footfall weakens across UK but regional cost-of-living divide emerges
While retail footfall has fallen across all parts of the UK, the cost-of-living crisis is deepening existing financial disparities between North and South.
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News
Next upgrades profit forecast as pandemic shopping behaviours unwind
Next has again upgraded its full-year profit forecast after reporting a reversal of customer trends in the first half of the year.
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News
ScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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Analysis
Analysis: Five things you need to know about sportswear titan Nike
Earlier this summer, global sportswear goliath Nike unveiled record profits and sales, marking its 50th anniversary year in style