All Retail Week UAT articles in May 2022 – Page 2
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NewsMike Ashley’s Frasers Group takes $30m hit on sale of US businesses
Frasers Group has sold its two businesses in the US in a $70m (£55.7m) deal.
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NewsWickes hails ‘continued momentum’ despite dip in sales
Wickes has hailed a “promising start” to its financial year despite reporting a dip in sales.
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AnalysisThe state of fashion: Where do rising costs and returns leave the sector?
Fashion retailers might have been benefiting from the return to the office – and the revival of events such as festivals and weddings – but many businesses have flagged ongoing headwinds that are likely to dampen progress.
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NewsJD Sports boss Cowgill steps down with immediate effect following governance review
JD Sports executive chair Peter Cowgill is to leave his post with immediate effect.
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Opinion‘No bombast or self-proclaiming, but Steve Rowe leaves M&S transformed’
As Steve Rowe bowed out this week as Marks & Spencer chief executive, he left a business in one respect as he found it – in the midst of radical change.
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NewsWalmart unveils drone delivery scheme for 4 million US households
Walmart’s new drone delivery service, which will be rolled out to six US states, will be available to shoppers by the end of the year.
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NewsPets at Home profits surge as sales climb bolstered by record new customer numbers
Pets at Home reported a jump in full-year profits and sales as outgoing boss Peter Pritchard as the retailer is ’well placed to accelerate our growth in market share’.
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NewsM&S ‘fundamentally changed’ as full-year profits climb and sales rise
Marks & Spencer has recorded a strong uplift in full-year profits bolstered by sales increases across both clothing and food, as outgoing chief executive Steve Rowe says the business has “the opportunity for substantial further growth”.
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OpinionIn pictures: ‘A tribute to a remarkable man and a social history of local retailing’
On Christmas Eve 2019, Maurice Dorfman flipped the sign on his haberdashery shop door to ‘closed’, just as he, and before him, his parents, had on 60 previous Christmas Eves. This time he would never flip it back. He died two months later, at the age of 87.
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NewsEG Group profits and sales jump on the strength of foodservice offering
Petrol forecourt giant EG Group has reported a leap in profits and sales in the first quarter off the back of strong performance from its growing food business.
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AnalysisFrom AR to Gen Z – the must-read stories and insight from Retail Week Live 2022
Reporting by: Grace Bowden, George MacDonald, Hugh Radojev, Rosie Shepard, Luke Tugby
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NewsGrocery sales slump as surging inflation leaves consumers ‘struggling’
Take-home food sales slumped in a month where inflation hit levels not seen since 2009, leaving millions of customers ‘struggling’ to make ends meet.
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NewsSuperdrug drafts in Jack Monroe over cost-of-living crisis
Superdrug has frozen the prices of 30 more of its own-brand products and launched a partnership with food blogger and activist Jack Monroe.
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NewsWorld ‘on the brink of food crisis’ warns IMF boss
The ongoing war in Ukraine and the unprecedented supply disruption has brought the world economy to the brink of a food crisis, warned the International Monetary Fund boss on the first day of the Economic Forum in Davos.
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Opinion‘Walmart woes spook investors, but now’s not the time to run a business for the share price’
The challenges flagged by Walmart, and its responses to them, likely give a taste of things to come for the US giant’s counterparts on this side of the pond.
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Retail VoiceThree stages of retail opportunity in the metaverse
With the metaverse offering retailers a whole new level of customer interaction, EY’s Thomas Harms takes a look at what firms can do to seize the moment
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Retail VoiceThe evolving role of today’s CFO
The role of the CFO is expanding rapidly, but what is expected of the CFO 2.0, asks Palantir’s Geraldine Lafontaine and Darren Matthews.
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Opinion‘Make no mistake – quick commerce is not going anywhere’
Even before the pandemic, grocery shopping was ripe for disruption and q-commerce is here to stay, argues Edge by Ascential’s Xian Wang
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NewsHarrods appoints new chief financial officer
Harrods has named Tim Parker as group chief financial officer as it seeks to build operations following tough trading during the pandemic.
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NewsTed Baker moves forward with sale as Fat Face recruits bankers
Both Ted Baker and Fat Face have made advances in their searches for a buyer.