All Retail Week UAT articles in July 2024
Browse all news stories and articles from this date or time period.
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Retail Navigator AnalysisMe + Em (Financials)
Me + Em has notched up consecutive years of stellar growth in a trend that continued in the latest financial year despite the cost-of-living crisis squeezing consumer spend. Total sales moved ahead of the £100m mark, soaring 45.8% to £119.5m in the year to 28 January 2024 (FY2023) as the retailer adapted to changing market conditions and “a deeper understanding of the evolving expectations of their customer audience”.
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NewsFormer Wilko owners are being urged to plug pension hole
The former owners of Wilko are facing pressure to fix the collapsed retailer’s £70m pension hole after the parent company said it does not expect to help.
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NewsTed Baker is closing its remaining stores with 500 jobs at risk
The last of the Ted Baker stores in the UK and Ireland are expected to close this week with more than 500 jobs at risk.
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NewsBoohoo is withholding payments from suppliers due to a ‘marked increase in faulty goods’
Boohoo claims the quality of the clothing it received from some suppliers was “not of a high enough standard”.
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NewsLuxury retailers are flocking to London’s West End to set up shop
Luxury retailers are opting to set up shop in Oxford Street and Bond Street in London’s West End, according to new data.
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NewsHolland & Barrett is investing millions in the latest crime-fighting technology
Exclusive: Holland & Barrett has invested heavily in new theft-protection technology across its store network to battle surging levels of retail crime, Retail Week can reveal.
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Retail Navigator AnalysisMe + Em (Overview)
British luxury fashion brand Me + Em is built around the idea of ‘intelligent style’. Each item is intended to be “flattering and functional, with wear-forever appeal”. Its direct-to-consumer model helps it avoid mark ups, allowing it to offer luxury at accessible prices.
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Retail Navigator AnalysisMe + Em (SWOT)
Through its direct-to-consumer business model, Me + Em aims to make luxury fashion accessible. As inflation continues to ease, and consumers become less cautious with their discretionary spend, Me + Em could appeal to women seeking high quality, stylish, luxury-looking clothing without an extortionate price tag.
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AnalysisHow Southside shopping centre is battling back against Battersea Power Station
With Southside investing millions into a much-needed makeover, Retail Week visits the shopping centre to see how it’s battling back against Battersea Power Station to become the number one location in south London
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NewsAsda owners to invest £30m into supermarket chain to arrest sales slump
Asda co-owner Mohsin Issa is set to inject £30m into the supermarket chain in a bid to reverse its sales slump trend.
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NewsDeliveroo unveils latest non-food retail partnership with B&Q
Deliveroo has announced its latest non-food retail partnership with home and DIY giant B&Q.
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AnalysisWhy JD Sports is doubling down on its world-leading Stratford store
As JD Sports’ store in Stratford, east London tops its sales charts to become its best-performing retail location with the highest turnover in the world, Retail Week finds out more about the blueprint for the future from global managing director, Mike Armstrong
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Opinion‘Department store leadership merry-go-round shows a sector wanting to change’
After a tough time, the remaining top department store players are in a good position to play to their strengths, believes George MacDonald
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NewsAdidas has posted an increase in sales following major football tournaments
Adidas posted an increase in revenue in the first half of the year driven by strong brand momentum and sporting events such as Euro 2024 and the Copa América.
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AnalysisSpace race: Who is set to move in on Carpetright’s vacant stores?
The demise of Carpetright has left around 200 stores across the UK vacant and potentially up for grabs. Here are some of the retail names eyeing a portion of the empty units.
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NewsWickes retail sales grow against a ‘challenging background’ even as the group struggles
Wickes has reported continued sales and volume growth across its core retail business, even as group sales and like-for-likes slipped against a ‘challenging background’.
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NewsAsda staff survey leaves the grocer facing a new confidence crisis
The results of an Asda staff survey have left the supermarket giant facing a fresh crisis with less than half of its employees having confidence in the retailer’s long-term strategy.
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Opinion‘People are starting to feel richer and that should translate into higher retail spending’
The first half of the year may have been challenging but the months to come – including the golden quarter – hold more promise, believes Lisa Hooker
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NewsMorrisons expands Just Eat partnership to include supermarkets nationwide
Supermarket giant Morrisons has expanded its delivery partnership with Just Eat to include supermarket groceries as well as deliveries from its cafes and Daily c-stores nationwide.
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DataRanking: The most productive department stores in the UK
To find out which department stores are firing on all cylinders, we’ve ranked their productivity by sales per employee.