More on Me + Em – Page 77
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News
Exclusive: The Body Shop sells parts of Europe and Asia business
The Body Shop will be selling “most of its business in mainland Europe and in parts of Asia” as it transforms under the new ownership of private equity firm Aurelius, Retail Week can reveal.
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News
Competition watchdog investigates supermarket loyalty schemes
The Competition and Markets Authority has started a probe into grocers’ loyalty pricing schemes as part of its work to address cost-of-living pressures in food retail.
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Opinion
‘The Tories have a major problem with business and Walker’s defection proves it’
The Iceland boss’ damning indictment of the Conservatives and endorsement of Labour may be polarising in and of themselves, but it highlights the depth of the government’s business troubles as it limps into an election year.
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News
Poundland promises third-party deals in new general merchandise ranges
Poundland is looking to add new general merchandise ranges “much more regularly” as it continues its transformation.
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News
Morrisons takes stake in MFG as it offloads petrol stations
Morrisons and Motor Fuel Group (MFG) have entered an agreement whereby the former will take a £2.5bn minor stake and the latter will acquire 337 of the grocer’s petrol stations.
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News
Workers turn to packed lunches as grocery inflation remains high
While the Red Sea shipping crisis and its effect on global supply chains continue to dominate headlines, stubbornly high grocery inflation dominates customers’ agendas.
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News
Poundland to give 850 stores biggest ever merchandise makeover
Poundland is to start transforming its stores to include its “biggest makeover in general merchandise” in the company’s history.
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News
Secret Sales names new chief technology officer
Secret Sales has named Anthony Farrow as its new chief technology officer as part of the marketplace’s bid to narrow its focus amid its ongoing expansion strategy.
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News
Pets at Home drops profit guidance as accessories sales slow
Pets at Home has reduced its full-year profit guidance, reporting sales “not at the level it had expected” as shoppers pulled back on discretionary accessories like beds, collars and leads for their pets.
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Opinion
‘Positive signs hint at upturn in retailers’ fortunes as the year progresses’
PwC’s Lisa Hooker unpicks the messages from retail’s golden quarter
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News
Shop price inflation falls to lowest level since 2022
Shop price inflation fell in January to its lowest level since May 2022 as food inflation dropped for the ninth consecutive month.
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Gallery
Gallery: Leyland SDM’s new look Kensington store
Leyland SDM’s refreshed Kensington store represents a new look for the home improvement retailer as it faces stiff competiton in the capital.
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News
Government ‘won’t turn away’ fruit and veg at Brexit border
With new Brexit checks on food imports to begin later this week, the government has been telling retailers it won’t turn away products over incomplete paperwork.
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News
Iceland boss and ex-Conservative donor Walker backs Labour
Iceland boss Richard Walker has formally backed the Labour Party and its leader Sir Keir Starmer to be the next prime minister.
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News
Frasers to open in former John Lewis Peterborough site
Frasers is set to take over the former John Lewis store at Queensgate shopping centre in Peterborough as it continues to expand its physical retail estate.
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News
Asda auditor EY quits in latest blow to Issa brothers
Grocery giant Asda’s auditor EY reportedly resigned last year, despite the exit not being disclosed, in the latest blow to co-owners Mohsin and Zuber Issa.
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News
THG to axe HQ and warehouse jobs
Ecommerce giant THG is reportedly laying off 60 marketing and sales employees as well as around 100 warehouse staff across the group.
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News
Superdry mulls restructuring as profits and sales continue to tumble
Superdry is considering a restructuring that could involve a “significant number of store closures and job cuts”, following the fashion retailer’s profit warning last week.
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News
John Lewis plans 11,000 job cuts as it slashes redundancy pay
John Lewis Partnership is reportedly considering cutting up to 11,000 jobs over the next five years in its latest bid to return to profitability.
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Analysis
Last Christmas: What can the festive period tell us about the retail year to come?
With another golden quarter over, Retail Week unpicks the key trends surrounding Christmas 2023 and looks at what they might mean for the year ahead