More on Me + Em – Page 248
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News
Boohoo boss pledges to ‘rebound’ as profits slide and returns rates spike
Boohoo has recorded a slide in preliminary profits exacerbated by slowing international growth, but boss John Lyttle says the etailer is “well-positioned to rebound strongly”.
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Opinion
‘Retailers must be swift and decisive to win in the year ahead’
In the coming months, retailers’ focus should be on rising demand for value, the return of the experience economy and making omnichannel work better than ever, says McKinsey & Company’s Anita Balchandani
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Retail Voice
Why fighting food waste is everybody's business
As consumers pay more and more attention to sustainability, responsibility and health, they are placing considerable focus on retailer and supplier accountability as well as their own. RELEX Solutions’ Svante Göthe discusses how food waste, and its associated environmental impacts, become a higher priority every year and why the effort to combat waste needs everyone’s active engagement
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Data
Data: Prices soar in April driven by furniture, electricals and books
Shop prices have reached record highs across all categories as cost pressures from the war in Ukraine and Shanghai’s lockdown mount.
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News
Retailers call for business rates cut to help battle cost-of-living crunch
A coalition of leading retailers and trade bodies has launched a ‘Cut the Shops Tax’ campaign, arguing for a business rates reduction to combat inflationary pressures and protect industry jobs.
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Gallery
Store gallery: M&S’ Stevenage superstore with wine tasting, fill-your-own and Scan & Shop
Marks & Spencer has opened a new concept superstore in Stevenage.
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News
CD&R to sell 87 petrol stations to clear way for Morrisons takeover
Private equity giant Clayton, Dubilier & Rice (CD&R) is to sell almost 90 petrol station forecourts, paving the way for it to complete its £7bn takeover of Morrisons.
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News
Tesco joins forces with Uber to expand Whoosh rapid delivery service
Tesco has partnered with Uber to accelerate the rollout of its Whoosh rapid grocery delivery proposition.
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News
JD Sports, Frasers, Asos and Shein mull Missguided bids
Several retailers are considering takeover bids for Missguided after the etailer admitted it was exploring “strategic options” for its future.
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News
Card Factory swings to profit as sales mount ‘steady recovery’
Card Factory has bounced back into the black after mounting a “steady recovery” in sales following the coronavirus pandemic.
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News
Issa brothers’ EG Group in £12bn merger talks with Couche-Tard
EG Group, the petrol forecourt giant operated by Asda owners the Issa brothers, is reportedly in talks to merge with Canadian c-store titan Couche-Tard.
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Opinion
‘Paltry demand shows rapid delivery may not outlast the pandemic’
Q-commerce was a lifeline for customers and attracted billions from investors during the pandemic, but there are already signs that the delivery app gold rush is slowing down.
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News
AO focuses on cash generation as sales fall
Electrical goods etailer AO.com has posted a fall in sales and said it would focus on cash generation in turbulent market conditions.
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News
Former John Lewis fashion boss joins Nickolds at Sainsbury’s
A former senior member of the John Lewis leadership team has joined Sainsbury’s as it seeks to build its non-food operations.
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News
Amazon slips into loss as productivity becomes focus
Online giant Amazon has reported a quarterly loss - its first since 2015 - as torrid trading conditions took a toll.
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Retail Voice
How R&D tax relief can help retailers respond to uncertainty
Retailers must innovate to meet the challenges of an uncertain and rapidly changing world. Research and development (R&D) tax relief can help them make the leap, says ForrestBrown’s David North.
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Analysis
Analysis: Can Sainsbury’s food-first focus stand up to inflationary pressures?
A year into its strategy to put food back at the heart of its business, Sainsbury’s has delivered strong profit growth. Yet as the cost-of-living crisis begins to bite, the grocer is faced with unique challenges on top of the hyper-inflationary market
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News
Reliance and Apollo join forces in bid to secure Boots takeover
India’s largest listed company Reliance Industries and US buyout firm Apollo Global Management, which had both previously bid separately for Boots, have launched a joint bid for the health and beauty chain.
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News
Sainsbury’s profits climb but sales slip as grocer braces for cost-of-living crunch
Sainsbury’s has recorded an uplift in full-year profits but warned that “significant external pressures” would dampen its profits in the upcoming financial year.
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Analysis
From Bower Collective to Pasta Evangelists – how subscriptions are leading CX
Retail Week examines why subscription models are key to locking in loyalty and how these new businesses are driving exceptional experiences in our report 9 CX Disruptors.