More on Me + Em – Page 281
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NewsAmazon workers plan strikes over Prime Day
Amazon workers are set to strike over Prime Day, one of the busiest times of the year for the global ecommerce company
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NewsHotter owner hails ‘encouraging’ trading as it ends sale process and mulls equity raise
Hotter parent company Unbound Group announced the end of its formal sale process today with ”no potential offers” and confirmed it is exploring an equity raise.
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NewsOcado appoints non-executive director amid takeover speculation
Ocado has named Rachel Osborne as its new independent non-executive director as takeover speculation continues.
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NewsJD Sports on track to hit £1bn profit mark
Ahead of its AGM today, JD Sports reported positive trading in the first half of the financial year and said it was set to deliver profits “in line with the current average consensus expectations of £1.04 bn”.
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NewsAsos names new non-executive to head up sustainability push
Online fashion giant Asos has named Anna Maria Rugarli as its new non-executive director and chair of its ESG Committee.
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NewsHarry Styles’ beauty brand Pleasing appoints first CEO
Harry Styles’ beauty and apparel brand Pleasing has announced Shaun Kearney as its first chief executive.
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NewsGrocery bosses to point to dwindling profits ahead of grilling by MPs
The traditional big four grocers are preparing to point to dwindling profits as a result of increased costs to head off accusations of profiteering at tomorrow’s crunch price summit.
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NewsAmazon to invest $26bn in India by 2030
Amazon is set to invest $26bn (£20.4bn) in India by the end of the decade as it competes with Walmart.
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NewsPrimark owner ABF upgrades profit outlook as sales rise
Value fashion giant Primark has reported an increase in sales in its third quarter and parent company ABF upgraded its profit forecast for the full year.
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NewsFrasers Group finalises new Mike Ashley role amid acquisition streak
Frasers Group has made a deal with founder Mike Ashley and he has been formally appointed as a consultant to the fashion giant.
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AnalysisHas gender pay reporting really improved women’s prospects in UK retail?
It’s been six years since the introduction of the legal requirement for large UK companies to report their gender pay gap.
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Innovation of the WeekInnovation of the Week: DIY retailers join forces to tackle emissions
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.
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AnalysisWill the metaverse ever be a viable channel for beauty retailers?
In a week-long celebration of the beauty industry, creative agency Cult London set up the inaugural Metaverse Beauty Week (MBW), from June 12-17, on web3 platforms like Spatial, Roblox and Decentraland and a few in-person events hosted at Flannels.
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NewsHotel Chocolat warns on profits as inflationary pressures bite
Specialist retailer Hotel Chocolat has issued its second profit warning of the year, blaming ongoing inflationary pressures and softening consumer sentiment.
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NewsNew BRC partnership to help retailers access ‘cutting-edge technology’
The British Retail Consortium has joined forces with a retail innovation firm to grant BRC members access “cutting-edge technology”.
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NewsPoundland to extend grocery offer to more stores
Poundland is expanding its grocery offering to an additional 24 stores across the UK.
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NewsHotter Shoes owner considers emergency restructuring
Hotter Shoes’ parent company Unbound Group is reportedly in talks to launch emergency restructuring plans to “shed some of its liabilites”.
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DataRetail sales rise in May but volume declines
Retail sales rose by value but declined by volume in May, according to the Office for National Statistics (ONS).
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NewsRevolution Beauty sales leap amid Boohoo requisition
Revolution Beauty has reported a jump in sales and believes it is “appropriate to update all shareholders on the group’s most recent trading performance” in light of the requisition notice by Boohoo.
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DataUK consumer confidence increases ‘despite fierce economic headwinds’
UK consumer confidence increased for the fifth month in a row despite “fierce economic headwinds of the cost-of-living crisis” and “double-digit grocery price increases”.