All Retail Week UAT articles in May 2023 – Page 4
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Opinion‘Larger retailers can learn plenty from innovative independents’
The creativity and innovation that independents bring to the high street and the industry offer valuable lessons to all retailers, believes PwC’s Lisa Hooker
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DataRanking: The fastest-growing value retailers revealed
In the cost-of-living crisis, affordable retailers have never been more relevant to price-conscious consumers, but which have been making the most of the mood of the nation? And which are set to turn market share into future growth? To find out, the Retail Week analyst team has tracked group sales across 15 of the biggest value retailers and analysed their compound annual growth rate (CAGR) to predict how much bigger they’ll be in five years’ time
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DataExclusive: The Works named fastest-growing value retailer in UK
The Works has beaten the likes of Aldi and Primark to be named the fastest-growing value retailer in the UK, Retail Week can reveal.
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NewsE-bike brand Cowboy launches retail partnerships for European expansion
E-bike company, Cowboy has launched a retail partner network as it plans to expand to 60 European cities via 300 retail partners by the end of the year.
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NewsHotter owner eyes sale of footwear retailer
Hotter parent company Unbound Group has launched a strategic review and drafted financial advisers as it is understood to be mulling the sale of the footwear retailer.
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NewsTesco chair John Allan steps down following misconduct allegations
Tesco chair John Allan is set to step down from the grocery giant next month following allegations of inappropriate behaviour, which the grocer said threatened to become a “distraction”.
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NewsPoundland seeking London locations for new store format
Poundland has confirmed that it is looking for more locations in London to expand its new store format.
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NewsSeasalt to sell in Marks & Spencer Ireland stores
Cornish fashion brand Seasalt has confirmed it will be sold in Marks & Spencer stores across Ireland from later this month, joining the ‘Brands at M&S’ line-up.
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NewsFarfetch boss ‘extremely confident’ as it returns to sales growth
Luxury fashion platform Farfetch has attributed an increase in revenue in its first quarter to the continued success of its digital platform and the “strength and resilience” of its core business.
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AnalysisStrategy spotlight: Five ways TK Maxx’s off-price business model taps into consumer trends
The off-price retailer with an enviably agile business model, TK Maxx owner TJX Companies has just reported a 3% hike in net sales for Q1 and raised its full-year profit forecast. Our Retail Week analysts break down five ways the retailer is keeping up with demand and making the most of shoppers’ bargain-hunting missions
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DataConsumer confidence inches up on a steady path to recovery
UK consumer confidence increased for the fourth month in a row since January as May saw an “encouraging three-point uptick” though it could still be a “rocky ride out of these tough times”.
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AnalysisWhat British Land and Landsec results mean for UK retail property
Following full-year financial updates from two of the biggest institutional landlords in the country, Retail Week looks at the health of retail property in the UK
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NewsNike opens ‘community-first’ concept store in Dublin
Nike has opened the doors to its new Nike Unite concept store at Dublin’s Blanchardstown Centre.
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NewseBay appoints stylist Amy Bannerman for new director role
eBay has appointed fashion stylist and second-hand fashion advocate Amy Bannerman as its in-house pre-loved style director.
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NewsAsda accused of threatening to cut thousands of workers’ pay
Asda is set to cut the pay of 7,000 workers and threaten them with “fire and rehire” tactics, according to the GMB Union.
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GalleryStore gallery: Jonathan Adler’s ‘joy-inducing’ home decor emporium
An ode to “modern American glamour”, furniture and interiors retailer Jonathan Adler’s new and improved London store opened its doors on Pelham Street in South Kensington this week.
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NewsExclusive: Boux Avenue partners with cancer charities to ‘look after women from top to bottom’
Lingerie retailer Boux Avenue has announced two new charity partnerships with CoppaFeel! and Jo’s Cervical Cancer Trust in a bid to educate and look after women “from top to bottom”.
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NewsThe Works sales increase despite ‘challenging backdrop’
The Works has reported a lift in annual sales despite trading against “a challenging backdrop”.
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NewsBurberry delivers ‘strong financial performance’ as revenue and sales rise
Luxury fashion brand Burberry has reported a “strong financial performance” that saw a rise in full-year revenue and sales.
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AnalysisAs JD Sports streaks ahead of the competition, boss Régis Schultz plans to widen the gap
Less than a year after JD Sports went on an “extensive global search process” to find a new chief executive, Régis Schultz has broken the mould and taken the business to new heights after stepping into Peter Cowgill’s trainers.