More on Me + Em – Page 392
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News
Ikea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.
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News
Holland & Barrett boss Tony Buffin to depart in reward dispute
Holland & Barrett chief executive Tony Buffin is to quit the retailer little more than a year after being appointed, Retail Week understands.
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Opinion
‘As shoppers flock online, investors are following’
The Issa brothers’ £6.8bn swoop on Asda may be an exception that proves the rule. While the forecourt convenience retail entrepreneurs have put their money into a primarily bricks-and-mortar business, other people’s cash is increasingly going elsewhere.
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News
Clarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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News
Decathlon plans more UK stores as sales climb
Sporting goods giant Decathlon has reported a rise in annual sales in the UK and plans to open more stores here this year and next.
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News
Co-op rolls out revamped membership scheme
The Co-op has revamped its membership scheme by overhauling customer rewards on purchases and doubling the funds going to community groups.
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News
Wagamama owner The Restaurant Group swings to loss
The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.
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News
Watches of Switzerland increases profit guidance as sales surge
Watches of Switzerland has increased its full-year profit guidance following “stronger than expected” sales performance during its second quarter.
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News
Boohoo investors urged to oust Kamani and Lyttle over modern slavery scandal
Boohoo’s biggest shareholders have been urged to oust its chair and co-founder Mahmud Kamani and boss John Lyttle following a damning report into working conditions and pay in the warehouses of its Leicester suppliers.
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Gallery
In pictures: Next unveils new Beauty & Home store concept
Next has launched its new Beauty & Home store format at Debenhams former sites in Intu’s Watford and Milton Keynes shopping centres.
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Analysis
Consumer 2021: Lean into empathy for a customer experience shoppers will trust
Retailers must get to know their customers on a deeper level and approach interactions with empathy in order to thrive in a post-Covid landscape, according to customer experience experts.
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Analysis
Asda’s £1bn question: Where do new owners need to splash the cash?
Asda’s new owners the Issa brothers have pledged to invest £1bn into the business over the next three years. Retail Week looks at the areas they should prioritise to return the grocer to former glories
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News
Ann Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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News
Mulberry losses deepen due to Covid-19
Struggling global handbag and accessories retailer Mulberry has seen its losses deepen due to the ongoing effects of the coronavirus on sales.
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News
Deliveroo drafts in Goldman Sachs as it eyes London float
Delivery app Deliveroo has drafted in investment bank Goldman Sachs to help guide it to a float on the London Stock Exchange.
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News
Waitrose delivers early blow in online battle with Ocado
Waitrose has stolen a march on former partner Ocado in the battle for online shoppers after the pureplay’s capacity issues saw weekly orders slump.
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Opinion
‘Retailers can play crucial role in stemming tide of social deprivation’
British retailers’ benefits to the health and wellbeing of society has never been properly valued.
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Opinion
‘Data is one of the biggest opportunities still available in retail’
Brands and retailers have an opportunity to pause and listen to what their customers want before blindly marketing products at them, says Sarah Curran-Usher.
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Analysis
Profile: Asda’s new owners – the billionaire brothers with community values
Britain’s third-largest supermarket chain Asda has returned to private ownership, but who are the billionaire brothers behind the £6.8bn deal? Retail Week takes a closer look at Mohsin and Zuber Issa.
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News
Issa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.