All Retail Week UAT articles in July 2023 – Page 5
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NewsOxford Street units offered to small businesses rent-free
Small businesses are to be offered rent-free units on London’s most famous shopping street in an attempt to squeeze out candy and vape stores.
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NewsUK inflation drops as prices rise at a slower pace
UK inflation fell across all areas in June to a lower level than predicted as prices rose at a slower pace.
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NewsPret returns to profit driven by subscription service
Pret a Manger has reported its first profit increase since 2018 as strong demand for its subscription service helped the group bounce back.
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NewsHotter Shoes bought by Woolovers in pre-pack deal
Knitwear retailer Woolovers Group has acquired Hotter Shoes in a deal that will see all 421 employees and 27 stores and concessions “transferred across to the purchaser”.
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OpinionOcado’s Luke Jensen: Retail should embrace AI – it won’t bite
Debates around the future direction of AI have been lifted out of the realms of academia and advanced technology and into the mainstream. So what’s changed? Why the hype? And why should the retail industry care? Ocado Solutions chief executive Luke Jensen explains all.
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AnalysisThe biggest consumer trends of Christmas 2023
How customers will be shopping during the 2023 golden quarter
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NewsAmazon strikes spread to second depot
Amazon workers at a second fulfilment centre are set to walk out following the result of a strike ballot.
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NewsOcado and M&S ‘in agreement’ despite performance concerns
Ocado Group chief executive Tim Steiner says that both Ocado and M&S are “in agreement” despite M&S chair Archie Norman telling investors last week that he was “not happy” with its performance.
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NewsShopper spend on grocery promotions helps keep inflation down
Grocery price inflation fell over the last month when shoppers snapped up promotions.
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NewsRevolution Beauty CEO and chair to resign as ‘compromise’ reached with Boohoo
Revolution Beauty’s chief executive Bob Holt and chair Derek Zissman have “agreed to resign” from its board as the beauty retailer announces it has entered into a “settlement agreement” following an ongoing war of words with fast-fashion retailer Boohoo.
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NewsOcado remains ‘confident’ as it returns to profitability
Online grocer Ocado has posted a return to profitability in its second quarter and said it remains “confident” in its full-year performance following the first half of the financial year.
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NewsOnBuy becomes first marketplace to offer cashback rewards
UK-based OnBuy has become the first online marketplace to offer cashback, with £10m set aside to reward customers as part of the launch.
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NewsHarrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.
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NewsIceland invests £26m in slashing prices on 500 items
Frozen food specialist Iceland has invested £26m in slashing prices on 500 “weekly shop items” and in putting a third of its entire range into its “mix and match” multibuy offering.
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InterviewQ&A: Cotton Traders boss Nick Hamblin on tackling a younger demographic
As Cotton Traders recently recorded its “most successful financial year to date”, boss Nick Hamblin spoke to Retail Week about the brand’s evolution, its new average customer age of 56 and the importance of womenswear within the product offering
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NewsCredit insurer slashes cover for Boohoo suppliers
Boohoo’s credit insurer Allianz Trade has slashed cover for its suppliers, which threatens to enhance financial pressures on the fashion retailer, according to reports.
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NewsHotter owner Unbound Group confirms intent to appoint administrators
Hotter parent company Unbound Group intends to appoint Interpath Advisory as administrators to the group’s main operating subsidiary, Beaconsfield Footwear, which includes Hotter Shoes.
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NewsEnergy secretary challenges grocery bosses ‘to explain themselves’ over fuel prices
Energy secretary Grant Shapps will meet heads of major supermarkets and petrol firms over fuel prices, after an investigation found drivers paid an extra 6p per litre for fuel last year.
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NewsVirgin Wines profits slow ‘in line with expectations’
Virgin Wines reported a full-year trading performance “in line with expectations” driven by a disciplined approach to customer acquisition, positive trends on conversion and cancellation rates, and a resilient WineBank loyalty scheme.
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NewsExclusive: Primark’s Barbie collection bags ‘incredible’ sales
Primark’s Barbie product collection, launched in partnership with Barbie: The Movie, has recorded standout sales in its first week.