More on Me + Em – Page 254
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NewsTikTok shop launches refurbished tech category
TikTok Shop has launched a new refurbished technology product category in the UK for users to buy directly from the platform.
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NewsPoundland relaunches ecommerce website
Value giant Poundland has relaunched its ecommerce website, offering customers a range of around 3,000 products online.
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AnalysisFive ways Shein is disrupting fashion as it posts £1bn in UK sales
In September 2023, Shein’s UK business posted £1.1bn in sales and a pre-tax profit of £12.2m in the 16 months to December 31, 2022, according to a Companies House filing. Here are the key things you need to know about this ecommerce powerhouse and how it is making waves in the fashion industry
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NewsAsda boosts tech team as it separates systems from Walmart
Asda has appointed two new senior members of its technology team to help boost the development of a new strategy and lead on its separation from Walmart.
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NewsDunelm profits dip despite year of record sales
Dunelm has pinned a slight reduction in full-year profits on controlling margins during a protracted inflationary period, even as it celebrated record sales.
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Retail VoiceSustainable fashion: five key trends
From second-hand markets to de-influencing, Gowling WLG’s Jocelyn Paulley takes a look at five key trends that are shaping the sustainable fashion world.
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NewsWilko: Full list of stores closing next week
Wilko administrator PwC has announced a list of branches that will close next week, following the retailer’s collapse.
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AnalysisKitchen nightmares: what do property market worries mean for DIY retailers?
What do the UK’s biggest home improvement retailers think about the trouble swirling in a market which closely mirrors the fortunes of their own?
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NewsH&M becomes latest retailer to charge for online returns
Fashion giant H&M has become the latest retailer to introduce a fee for customers returning parcels ordered online.
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NewsAsos set to close outlet department
Fashion giant Asos is set to close the outlet department of its business, which is home to non-strategic third-party brands, in a bid to continue its focus on improving profitability.
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NewsNaked Wines reports ‘foundations laid to focus on profitable growth’
Online specialist Naked Wines has said its focus on profitability will pay off despite suffering a statutory full-year loss.
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NewsOcado sales rise as customer proposition strengthened
Online grocer Ocado has reported an increase in quarterly sales following price cuts and a focus on improved execution.
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NewsQuiz warns on profits as cost of living hits consumers
Fashion retailer Quiz has cautioned that a full-year loss is likely after sales in the year to date fell below the previous year’s levels.
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NewsKingfisher cuts profit forecast as tough trading conditions bite
DIY giant Kingfisher has slashed full-year profit expectations after facing harsh trading conditions, particularly in overseas markets.
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Opinion‘Tech modernisation should not be about complex integration’
Retailers no longer have to choose between a rock and a hard place when it comes to modernising technology, says AlixPartners’ Brian Kalms
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NewsExclusive: Discounters and value retailers to be fastest growing grocers in next five years
The discounters Aldi and Lidl and value giant Poundland are set to be the fastest-growing food retailers in the UK over the next five years.
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DataForecast: Who will win in grocery as inflation begins to ease?
Grocery spend increased by 8.4% and 8.7% on a total and like-for-like basis respectively in the three months to July, according to the BRC-KPMG Retail Sales Monitor. This compares to a 1.5% increase for retail overall. With high rates of food inflation, value has been the key focus and, despite transaction value increasing, volumes have been in decline.
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AnalysisMissguided: Would Shein be unwise to snap up Frasers’ fashion gamble?
As news emerged that retail tycoon Mike Ashley is in talks to sell Frasers-owned Missguided to fast-fashion giant Shein, Retail Week looks at what Missguided would add to Shein’s portfolio and why Frasers is letting go of the brand after only acquiring it two years ago
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NewsExclusive: Natura values Body Shop at £500m as it approaches new potential bidders
The owner of health and beauty specialist The Body Shop is holding out for between £400m and £500m for the retailer, despite the first deadline for bids passing without any concrete interest from prospective buyers.
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NewsM&S replaces plastic bags with paper carrier bags in all stores
M&S announced that it will offer paper carrier bags at checkouts across all stores in the UK as it pushes for sustainability in stores and reduces single-use plastic.