All Retail Week articles in September 2024 – Page 9
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GalleryFirst look: Sosandar has opened its debut physical store
Fashion retailer Sosandar has made moves towards establishing a bricks-and-mortar presence with the opening of its debut store in Chelmsford, Essex.
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NewsTesco is launching a new venture to help international grocers with online sales
Tesco is developing a new venture aimed at helping international supermarket chains grow their online businesses.
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NewsAldi is making an ‘unprecedented’ investment following record sales growth
Aldi is making its “biggest ever annual investment in Britain” to open and refurbish a raft of stores by the end of this year, following its highest-ever period of sales growth.
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DataRanking: The UK retailers with the highest global sales
Thanks to data collected by our sister brand Retail Navigator by Lumina Intelligence, Retail Week can reveal the UK retailers with the highest international sales, and how they stack up against one another.
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Innovation of the WeekAmazon launches its Gen-AI-powered Rufus chatbot in the UK
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
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NewsThe Body Shop has been rescued
More than 100 Body Shop stores have been rescued from shuttering after a rescue deal was struck for the struggling chain.
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NewsAsos rejected a higher bid for Topshop from Shein and ABG
Asos sold its 75% stake in the Topshop and Topman brands to Heartland for £135m despite receiving a higher offer from fast-fashion juggernaut Shein and Authentic Brands Group (ABG).
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Opinion‘Confidence has recovered but scar tissue remains in the collective consumer psyche’
Improving fundamentals, evolving consumer behaviour and rapidly developing technologies present scope for investment value creation, believes Matt Truman
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NewsHome Bargains is closing all of its stores for three days over the Christmas period
Value retailer Home Bargains will close all of its UK stores for three days over the festive period, allowing colleagues to enjoy time off with loved ones.
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NewsThe Body Shop buyer has lined up working capital deal
The expected purchaser of The Body Shop is in advanced discussions to secure new financing as a deal nears.
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NewsConvenience store giant rejects $38bn takeover bid
The owner of c-store powerhouse 7-Eleven has spurned a $38bn takeover bid, but said it is open to further discussions.
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AnalysisAsos boss on Topshop’s potential return to the high street and making the brand ‘accessible and exciting’ again
Asos surprised the City this morning with the announcement that it had offloaded a majority stake of the iconic Topshop and Topman brands to Heartland, a holding firm of Danish fashion giant Bestseller.
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Retail Navigator PeopleUnder Armour (People)
Under Armour is led by founder Kevin Plank, who returned as CEO in April 2024
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InterviewQ&A: John Lewis boss Peter Ruis on bringing back ‘Never Knowingly Undersold’
John Lewis executive director Peter Ruis today raised the curtain on the return of the retailer’s famous ‘Never Knowingly Undersold’ price promise and put it front and centre of his plans to get the retailer back to the top.
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NewsJohn Lewis will revive its famous ‘Never Knowingly Undersold’ promise
Department store business John Lewis is to bring back its famous price pledge – ‘Never Knowingly Undersold’ – and apply it to online rivals too.
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NewsGymshark drafts in former Farfetch exec as chief people officer
Gym and fitness retailer Gymshark has named Sian Keane as chief people officer to lead its “people strategy, helping transform Gymshark into an international omnichannel company.”
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Retail Navigator AnalysisJohn Lewis (Strategy)
John Lewis brings back its ‘Never Knowingly Undersold’ price promise “for the Modern Age”. The department store will match 25 retailers’ prices - including M&S, AO and Amazon – both in store and online, adopting AI technology to carry out the checks.
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NewsAsos has sold a majority stake in Topshop and Topman brands
Online fashion giant Asos has today announced a new joint venture with Heartland, the holding company of Danish fashion retailer Bestseller, to sell a majority stake in the Topshop and Topman brands.
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NewsCurrys has hailed a ‘positive start to the year’ as sales rise
Electricals giant Currys has hailed a “positive start to the year” and said it is “well set” for the pending peak trading period as sales at the electricals giant increased.
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NewsPrimark has maintained its guidance despite unseasonable summer weather taking toll
Fashion giant Primark has maintained its full-year guidance despite the unseasonable British summer taking its toll during the second half.