More on Me + Em – Page 243
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AnalysisRed Sea: What’s the situation and how are retailers mitigating the impact?
As the tensions in the Red Sea continue to escalate, Retail Week looks at how retailers are dealing with supply chain disruptions and the options on the table to mitigate potential price rises and availability issues.
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NewsUK inflation rate increases to 4%
The annual rate of inflation has increased to 4% in a surprise rise, according to the Office for National Statistics (ONS).
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NewsMulberry sales decline as UK VAT hits luxury sector
Luxury fashion retailer Mulberry has posted a fall in sales which the group said was impacted by a “challenging macroeconomic backdrop” and a decline in luxury consumer spending.
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AnalysisStores vs online − which won the wallets of Christmas shoppers?
Retail saw a stores renaissance in 2023, as many shoppers returned to bricks and mortar following a surge in online shopping during the pandemic.
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InterviewQ&A: Yoga brand Bahe on stretching past the pandemic sweatpants trend
Retail Week talks to Australian yoga and Pilates activewear brand Bahe as it plans to go global and bring innovation to the sector
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NewsUniqlo sues Shein over accusations retailer copied bag design
Uniqlo is suing Shein over claims the fast-fashion retailer is selling bags that mimic its viral shoulder bag.
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NewsSuperdry appoints PwC to review finances after profit warning
Fashion retailer Superdry has appointed PwC as advisers to examine debt-raising options as pre-Christmas trading suffered.
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NewsBooths hails record Christmas week sales
Independent supermarket Booths has hailed record sales over the seven days leading up to Christmas.
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NewsShein opens up design competition to international designers
Shein has expanded the in-take for its fashion design competition, Shein X, to include global applicants for the first time as it continues to look for up-and-coming designers.
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NewsHolland & Barrett teams up with THG for supply chain overhaul
Holland & Barrett has proposed a three-year partnership with THG’s tech arm Ingenuity as it undergoes a “multimillion-pound redevelopment of its supply chain”.
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NewsPeople underestimate complexity of retail, warns Dick’s Sporting Goods chair
US sports giant Dick’s Sporting Goods executive chair Ed Stack has said people “don’t understand” the complexity of retail.
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NewsTHG returns to revenue growth after ‘best performance of 2023’
THG, which owns health and beauty brands like Lookfantastic and MyProtein has posted a return to revenue growth in the “best quarterly performance of 2023.”
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NewsCard Factory delivers strong sales in festive season
Specialist retailer Card Factory has reported a strong performance in the run-up to Christmas as it expects to deliver adjusted profit before tax at the top of the range of market expectations.
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NewsOcado Christmas sales hit ‘highest ever level’
Ocado has posted growth in sales as it delivered “another record Christmas and hit its highest-ever level of sales” over the peak trading period.
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NewsWilko set to open two more UK stores
Wilko is continuing its roll-out of new concept stores across the UK with two new stores set to open in spring.
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Opinion‘The real superpower of Gen-AI? Putting the customer at the heart of retail’
‘The rise of generative AI means that the relationship between retailers and their customers could become unrecognisable from anything seen previously, McKinsey experts believe
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AnalysisThe three biggest and best retail tech investments for 2024
Brands and retailers, including The Co-op, Frasers Group and Kingfisher, will be sharing their digital investment priorities at Retail Week’s Digital Summit on Wednesday 7 February 2024. Here we take a peek at three influential trends blowing up in 2024.
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NewsHuman connection is key for beauty retailers, says Ulta Beauty boss
Ulta Beauty chief executive Dave Kimbell has highlighted the importance of human connection for beauty retailers despite the technological innovations within the industry.
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NewsCo-op scraps rewards scheme in favour of members-only price cuts
The Co-op is set to scrap its 2p for every £1 spent rewards scheme in favour of a “significantly increased” number of member-only prices and deals across the business.
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NewsBrandAlley acquires footwear resale platform The Edit LDN
Online retailer BrandAlley has acquired a majority stake in footwear resale platform The Edit LDN.