All Retail Week UAT articles in August 2023 – Page 6
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NewsPandora ups sales guidance amid strong growth
Jewellery specialist Pandora has updated its full-year revenue guidance after driving robust growth in the second quarter of the year.
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NewsMarks & Spencer upgrades profits as sales grow
M&S has upgraded its profit outlook after growing market share in its clothing and home and food businesses.
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NewsL’Occitane shares jump as owner mulls deal to take group private
Beauty and skincare brand L’Occitane saw a jump in share price on the Hong Kong Stock Exchange as the controlling shareholder is in advanced talks on a potential deal to take the company private.
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NewsWilko administrator sets deadline for offers
Wilko administrator PwC has set a deadline for interested parties to submit their first offers to buy the variety value retailer following its announcement of administration last week.
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NewsTesco Express to swap 50 key products with alternatives
Tesco has announced it will overhaul its Express stores by swapping more than 50 key everyday products with lower-priced alternatives.
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NewsTourist tax causes London retail to lose out
Shops in London are struggling to lure tourists to stores following the government’s introduction of VAT on overseas spending.
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NewsJohn Lewis boss plans buy now, pay later service
John Lewis Partnership’s chief executive is planning to roll out a buy now, pay later service for its customers as they become increasingly affected by the cost-of-living crisis.
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Innovation of the WeekInnovation of the Week: Lush pop-ups hit the right note at festivals
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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AnalysisWhat can retailers learn from Aldi’s supply chain strategy?
Aldi has been identified by Retail Week analysts as one of 15 global businesses leading operational excellence in the Retail Changemakers report. We dive into the grocer’s latest investments and central priorities as it looks to become a £135bn company
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GalleryDior and Harrods reunite for Paris-inspired pop-up
Dior has opened the doors of its new summer pop-up at Harrods, London, in a continued partnership between the fashion house and the department store.
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AnalysisOxford Street: what’s wrong and how to fix it
Oxford Street, the UK’s most famous shopping street, has been in the headlines for the wrong reasons again after an attempted crime spree caused chaos last week.
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NewsFrasers Group takes new Meadowhall flagship as part of physical expansion
Frasers Group has announced the signing of “significant leases” with British Land, “reinforcing the group’s commitment to physical retail in the UK”.
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NewsRyman launches loyalty rewards scheme
Ryman has launched its new Ryman Rewards loyalty scheme offering lower prices and personalised products.
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NewsAldi rolls out price cuts on more products
Aldi has cut the price of over 30 household grocery items as it looks to keep offering its customers value for money.
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NewsM&S executive says Oxford Street decline is driving surge in crime
A Marks & Spencer executive claims a recent crime wave in the West End is a reminder of Oxford Street’s decline.
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Opinion‘I’ve been tortured by my inability to see why investors have championed new, disruptive models’
While investors may covet the latest shiny new thing and bash retail as ‘last season’, they are missing the virtues that great omnichannel retail increasingly holds, believes Matt Coode of OC&C Strategy Consultants
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AnalysisStrategy spotlight: Five ways Tesco is storming ahead of its big four peers
Despite squeezed consumer spending and the growing discounter threat, market leader Tesco has consistently held on to its dominant market share. Amid initial signs of food inflation starting to ease, our Retail Week analysts examine five ways we expect the grocery giant to intensify its focus and maintain its competitive advantage
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NewsSuella Braverman calls for Oxford Street perpetrators to be ‘hunted down’
The Metropolitan Police made nine arrests yesterday as hundreds of teenagers gathered outside JD Sports as a robbery campaign went viral on Snapchat and TikTok.
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NewsWilko collapses into administration
Wilko has fallen into administration after failing to secure a rescue deal, but stores will remain open while a buyer is urgently pursued.
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NewsMarks & Spencer calls on government to end VAT on period pants
Marks & Spencer has urged the government to remove VAT applied to period pants and has launched a petition for a parliamentary debate on the issue.