All Retail Week UAT articles in January 2024 – Page 8
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NewsSainsbury’s launches EV charging business
Sainsbury’s has launched an electric vehicle (EV) charging business called Smart Charge.
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AnalysisPeter Ruis: the John Lewis returnee charged with reviving the famous department stores
“I joined when it was a rejuvenation story. It worked very differently then. It had an amazing brand and an amazing heritage, but people used to criticise it for being dull and cold. It’s easy to forget that now.”
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NewsBurberry drops profit expectations as demand for luxury slows
Burberry has dropped its full-year profit guidance after it reported that sales in the run-up to Christmas were hit by waning demand for luxury.
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NewsFortnum & Mason posts soaring Christmas sales as customer numbers grow
Fortnum & Mason posted a strong sales performance over Christmas as customer numbers soared. Its success is credited to investment in its Piccadilly flagship as well as its return to ecommerce trading in Europe last year.
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AnalysisWhat the grocers’ bumper Christmas hauls mean for retail in 2024
With their stockings overflowing with surging profits and sales, and the wrapping ripped off at least one profit upgrade, it seems that Father Christmas was generous with his gifts to the grocers over the festive period.
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Opinion‘Boss Stuart Machin pumps up the volumes at Marks & Spencer’
A focus on volumes and what drives them helped Marks & Spencer take a place on the Christmas winners’ podium and will mark out retail’s winners more generally, writes George MacDonald
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Supplier InsightAI-enhanced CX: Four retail disruptors making it happen
Secret Sales, Cotton Traders, Love the Sales and 77 Diamonds reveal how they have invested in AI, what the results have been and where they plan to go next with the technology in 2024
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NewsJohn Lewis drafts in new department stores boss
John Lewis Partnership has appointed former staffer Peter Ruis to run its eponymous department store business.
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NewsIkea slashes prices on thousands of products
Ikea has rolled out new lower prices on thousands of products, with more to come by spring.
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NewsGymshark to open second store in London
Gymshark is set to expand its physical retail offering as it announces its second permanent store in London’s Westfield Stratford City.
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NewsMarks & Spencer: ‘No clothing price increases this year’
Marks & Spencer has signalled that it does not intend to increase apparel prices in 2024.
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NewsVery Group credits toys, gifts and beauty for ‘strong’ Christmas trading
The Very Group has credited the success of its toys, gifting and beauty categories for driving “strong” Christmas results as sales rise in a “challenging market”.
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NewsExclusive: Homebase CFO Andy Coleman steps down
Homebase chief financial officer Andy Coleman has stepped down, Retail Week can reveal.
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NewsBBC finds Boohoo put ‘Made in UK’ labels on clothes made in South Asia
Fashion retailer Boohoo put ‘Made in UK’ labels on clothes made in South Asia, according to the BBC’s Panorama programme, which said the mislabelling could affect “thousands of clothes”.
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NewsMarks & Spencer sales rise across food and clothing
Marks & Spencer has posted a sales rise across its food, clothing and home categories over the Christmas period.
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NewsTesco upgrades profit guidance after ‘stronger performance than expected’
Tesco has upgraded its full-year profit guidance and said continued investments in its customer offer have resulted in a “stronger trading performance than anticipated”.
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NewsSainsbury’s boss working with government on Red Sea shipping
Sainsbury’s chief executive Simon Roberts is in direct contact with the government to mitigate any knock-on effects of the supply chain issues in the Red Sea and Suez Canal.
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NewsSosandar posts record quarter driven by ‘strong performance across all channels’
Fashion retailer Sosandar has posted a record golden quarter 23% increase in revenue year on year to £14.3m, up from £11.6m in the previous year.
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NewsMarks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
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NewsProCook wary of Red Sea impact as Christmas trading breaks even
While ProCook said Christmas trading was in line with expectations, it remains wary of the macroeconomic environment and the impact of ongoing geopolitical supply chain issues.