More on Me + Em – Page 265
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NewsEG Group offloads bundle of US convenience stores
Forecourt retail specialist EG Group is to sell a bundle of convenience stores in the US.
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Opinion‘Deflation is coming – retailers must be alive to the risks’
Inflation has been making headlines for more than a year but retailers now need to be alert to the risks of deflation, warns True’s Matt Truman
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NewsAsda credits focus on value for sales jump
Supermarket chain Asda has reported a 9.6% increase in like-for-like sales, which it credited to its “continued focus on value”.
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NewsDunelm teams up with Airtasker for furniture installation
Dunelm has launched a collaboration with gig-economy services marketplace Airtasker.
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NewsThe Body Shop reviewing ‘every aspect’ of its business as profits hit
Cosmetics giant Natura & Co posted strong profitability driven by gross margins but said The Body Shop is ”fundamentally reassessing every aspect of its business” as profits fell.
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NewsHarrods sales and profits climb in post-pandemic bounceback
Luxury department store Harrods has reported strong sales and profit growth after its landmark Knightsbridge store returned to normal trading after the pandemic lockdowns.
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NewsGrocery sales tick up as food inflation falls again
Grocery sales were steady in August as stubbornly high prices for food fell for another month.
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NewsHarvey Nichols CEO Manju Malhotra steps down
Harvey Nichols chief executive Manju Malhotra is stepping down from her role after less than three years in charge.
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NewsB&M and Poundland in running to save Wilko
Value retailers including B&M and Poundland are eyeing possible bids for struggling retailer Wilko after it fell into administration.
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NewsPandora ups sales guidance amid strong growth
Jewellery specialist Pandora has updated its full-year revenue guidance after driving robust growth in the second quarter of the year.
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NewsMarks & Spencer upgrades profits as sales grow
M&S has upgraded its profit outlook after growing market share in its clothing and home and food businesses.
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NewsL’Occitane shares jump as owner mulls deal to take group private
Beauty and skincare brand L’Occitane saw a jump in share price on the Hong Kong Stock Exchange as the controlling shareholder is in advanced talks on a potential deal to take the company private.
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NewsWilko administrator sets deadline for offers
Wilko administrator PwC has set a deadline for interested parties to submit their first offers to buy the variety value retailer following its announcement of administration last week.
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NewsTesco Express to swap 50 key products with alternatives
Tesco has announced it will overhaul its Express stores by swapping more than 50 key everyday products with lower-priced alternatives.
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NewsTourist tax causes London retail to lose out
Shops in London are struggling to lure tourists to stores following the government’s introduction of VAT on overseas spending.
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NewsJohn Lewis boss plans buy now, pay later service
John Lewis Partnership’s chief executive is planning to roll out a buy now, pay later service for its customers as they become increasingly affected by the cost-of-living crisis.
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AnalysisWhat can retailers learn from Aldi’s supply chain strategy?
Aldi has been identified by Retail Week analysts as one of 15 global businesses leading operational excellence in the Retail Changemakers report. We dive into the grocer’s latest investments and central priorities as it looks to become a £135bn company
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Innovation of the WeekInnovation of the Week: Lush pop-ups hit the right note at festivals
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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GalleryDior and Harrods reunite for Paris-inspired pop-up
Dior has opened the doors of its new summer pop-up at Harrods, London, in a continued partnership between the fashion house and the department store.
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AnalysisOxford Street: what’s wrong and how to fix it
Oxford Street, the UK’s most famous shopping street, has been in the headlines for the wrong reasons again after an attempted crime spree caused chaos last week.