All articles by Megan Robinson – Page 49
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NewsMarks Electrical posts revenue growth with ‘continued market share gains’
Marks Electrical has posted a boost in revenue and continues to gain market share in the major domestic appliance and consumer electronics markets.
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NewsKlarna launches new AI-powered in-app products
Buy Now Pay Later firm Klarna has introduced 13 new AI-powered products as part of its “spotlight fall” launch.
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NewsSelfridges records leap in revenue as shoppers return to stores
Selfridges has posted a rise in revenue that it credited to shoppers returning to its London and Manchester stores.
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NewsCurrys Greek business receives bids from ‘several potential buyers’
Currys is weighing up offers for its Greek and Cypriot business Kotsovolos after receiving interest from “several potential buyers”.
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NewsAsda opens first of its former Co-op c-stores
Asda has accelerated its takeover into convenience as it opens 11 sites that were formerly Co-op stores.
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NewsAmazon warehouse workers to walk out on Black Friday
Over 1,000 Amazon warehouse workers will strike on Black Friday as the GMB union warns of “the biggest day of strike action in company history”.
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AnalysisGolden quarter: The retailers hiring thousands of workers for the festive season
The retail industry is preparing for its busiest time of year as it approaches Black Friday and the festive season, which typically sees a huge increase in customer spend.
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AnalysisWho are the new arrivals diversifying UK retail destinations?
Retail has undergone huge changes since the pandemic, which saw many shops shut their doors for good.
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NewsFootfall weakens as shoppers limit spend ahead of Christmas
Footfall across all UK destinations declined in September as consumers restricted their shopping ahead of the Christmas season.
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NewsTen more ex-Wilko stores reopen as Poundland
Ten more ex-Wilko stores will open their doors as Poundland on Saturday, October 7.
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NewsFood prices drop due to ‘fierce competition between retailers’
Both food inflation and shop price inflation have seen a continued drop and are at their lowest levels since August 2022 and September 2022 respectively.
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NewsGreggs sales soar as it maintains profit guidance
Greggs has reported a surge in sales helped by “increased customer visits” as it expects its full-year outcome to be “in line with previous expectations”.
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NewsBoohoo revenue and profits decline as it issues double-digit profit warning
Boohoo has posted a fall in revenue and profits in the six months to August 31, but said it is working on “improved profitability and getting back to growth”.
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NewsRetail footfall forecast to drop in lead-up to Christmas
Retail footfall is predicted to fall in the run-up to Christmas as consumers “tighten their purse strings” due to rising bills, according to MRI Software, formerly Springboard.
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NewsRetail leaders sign letter to home secretary urging action on rising crime
Around 90 retail leaders in the UK have signed a letter to the home secretary, Suella Braverman, demanding a crackdown on retail crime.
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NewsMiniso opens first ‘Mini’ store in central London
Chinese lifestyle retailer Miniso has opened the doors to its first UK Mini Miniso concept store in central London.
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NewsPepco reshuffles management team and issues profit warning
Pepco is making changes to its management team and has issued a profit warning for the full year 2023 due to an “increasingly challenging trading environment” in Central and Eastern Europe.
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NewsFormer Wilko stores to open as Poundland shops this week
Ten former Wilko sites will reopen as Poundland stores on Saturday, September 30.
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NewsAmazon accused of ‘exploiting monopoly power’ in antitrust lawsuit
Amazon is being hit with an antitrust lawsuit by the US Federal Trade Commission and 17 state attorneys general.
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NewsShopify enters global partnership with B2B retail marketplace
Shopify has entered a global partnership with B2B independent retail marketplace Faire, which will introduce new ways for businesses to grow and manage their offerings across both platforms.