More on Me + Em – Page 313
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NewsDr Martens sales top £1bn but profits drop
Dr Martens sales have reached £1bn for the first time, but profits tumbled and “operational mistakes” in the US impacted its performance.
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NewsIkea acquires software provider to speed up online orders
Ikea has bought US-based software brand Made4Net for an undisclosed sum.
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DataMay footfall rises on the back of three bank holidays
Retail footfall in May increased as shoppers took advantage of the three bank holidays last month.
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Opinion‘Government should forget food price caps and let shopkeepers shopkeep’
The latest government idea to combat the cost-of-living crisis is so outlandish that it might have been formulated on Neptune, the furthest planet from Earth, rather than in Downing Street
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NewsCotton Traders hails ‘most successful financial year to date’
Cotton Traders has reported its “most successful financial year to date” for 2022, as turnover reached a record high for the British heritage fashion retailer.
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NewsWHSmith improves profit expectations as momentum continues across travel
WHSmith has further improved its expectations for the full financial year as travel continues to perform well ahead of peak trading season.
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NewsB&M delivers mixed results as profits decline and revenues rise
B&M has reported a dip in profit as well as growth in revenue and its chief executive says it has battled with “major economic headwinds” and “material cost pressures”.
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GalleryStore gallery: Flannels stages ‘one-of-a-kind’ Beyoncé pop-up shop
High-end fashion retailer Flannels has opened the doors to its “one-of-a-kind” retail concept and exhibition The Renaissance Flagship on Oxford Street, celebrating pop icon Beyoncé’s current world tour.
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NewsWarm bank holiday weather boosts sales at Homebase
Homebase says warm weather over the bank holiday weekend has resulted in its biggest sales week since Easter last year.
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AnalysisWill Asda’s acquisition of EG Group UK and Ireland be a win for its customers or lenders?
Following Asda’s acquisition of EG Group’s UK and Ireland businesses, the grocer has been keen to stress this will be a win for consumers.
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NewsGovernment price cap plans ‘will not make a jot of difference’, BRC warns
The British Retail Consortium (BRC) has warned that the latest government plans to introduce price caps on basic food items in a bid to tackle the cost-of-living crisis will “not make a jot of difference to prices”.
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NewsAmazon to offer warehouse workers term-time only contracts
Amazon is offering warehouse staff who are parents, grandparents or guardians, the option to choose to work in term-time only.
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NewsFood inflation eases but prices still lingering at near record highs
Food inflation in the UK slowed from April’s record-breaking rise – but was still up by more than 15% year on year in May.
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NewsAsda says £2bn EG Group acquisition will create ‘new value-led consumer champion’
Asda has confirmed the acquisition of EG Group’s UK and Ireland operations for £2.27bn and said the move will create a “new value-led consumer champion”.
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AnalysisExclusive survey: How much do customers trust you with their data?
We asked consumer research agency Walnut to quiz more than 2,000 shoppers across the UK about how much they trust the nations’ supermarkets with their data – and the results are in
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Innovation of the WeekInnovation of the Week: Lululemon supports female athletes with Further research initiative
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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GalleryStore gallery: Zara unveils upgraded Westfield Stratford City store
Fashion powerhouse Zara has opened an extended branch in London’s Westfield Stratford City, which includes an automated collection point operated by a robotic arm among its new technology features, as the retailer seeks to create an ever more seamless omnichannel experience.
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NewsExclusive: Matalan names chief trading officer in newly created role
Matalan has appointed Ben Smith to the newly created role of chief trading officer with immediate effect as the retailer embarks on a transformation programme, Retail Week can reveal.
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NewsSuperdrug slashes prices on own-brand suncare range
Superdrug has reduced the price of its own-brand suncare Solait by 20% as it “recognises sun protection as a healthcare essential and not a beauty product”.
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NewsMango ramps up UK expansion plans with 13 new stores this year
Mango is continuing its expansion plans in the UK and expects to open 13 new stores this year.