More on Me + Em – Page 282
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NewsShock interest rate rise means ‘struggle’ for shoppers and retailers, warns credit insurer
The bigger-than-expected increase in interest rates to the highest level since the 2008 financial crisis will pile more pressure on consumers and retailers, a leading credit insurer has warned.
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Opinion‘Boohoo and Revolution Beauty’s management pageant has already got ugly’
The gloves are off at Boohoo and Revolution Beauty, where the first punches have been exchanged in a fight for control of the embattled makeup specialist.
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NewsMorrisons sales increase as it continues to cut costs
Morrisons has reported a continued increase in sales as it makes progress with its “plans to develop a broader, stronger Morrisons”.
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NewsWilko extends deal with home delivery provider to 2026
Wilko has extended its contract with home delivery provider GXO to June 2026.
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NewsAmazon to fund 350 apprenticeships and traineeships in the UK creative industry
Amazon is set to fund 350 UK-based apprenticeships and traineeships across the TV, film and publishing industries.
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NewsExclusive: TOFS to bring back physical club card and extend club pricing
The Original Factory Shop is reintroducing its physical club card to stores and extending its club pricing to all members, Retail Week can reveal.
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NewsWHSmith, M&S and Argos failed to pay minimum wage
WHSmith, Marks & Spencer, and Argos are among companies that have been named for failing to pay the minimum wage, according to the Department for Business and Trade.
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NewsJoules still owes creditors over £100m following collapse
Fashion retailer Joules reportedly still owes more than £100m to its suppliers, landlords and customers holding gift cards, according to new documents.
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Opinion‘Accepting rocketing returns as “cost of doing business” is limp admission of defeat’
It’s too big and it doesn’t fit. A dress? A T-shirt? A pair of shoes? How about your returns percentage each year? Brian Kalms looks at how retailers can address the problem
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NewsNext in talks with Elliott Advisors over Reiss sale
Fashion giant Next is in talks with private equity house Elliott Advisors regarding the sale of its 51% stake in Reiss, according to Sky News.
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NewsMatalan appoints new supply chain and retail executives
Fashion retailer Matalan has announced Phil Hackney as the company’s new chief supply chain operations officer and Katherine Davis as chief retail officer.
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NewsSainsbury’s extends Nectar Prices to fresh fruit and vegetables
Grocery giant Sainsbury’s has expanded its Nectar Prices offer to include some products across its fresh fruit and vegetable ranges.
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NewsMonsoon launches travel boutique store at Waterloo
Monsoon has opened the doors of its new travel boutique store concept in London’s Waterloo Station as it continues expanding its travel retail portfolio across the UK and Europe.
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NewsShopify to make Shop Pay available to retailers off-platform
Shopify is expanding its accelerated checkout service Shop Pay to include retailers not on its platform.
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NewsBoohoo drafts in beauty retail specialist to join Revolution Beauty coup
Boohoo has this morning proposed a third new member for Revolution’s board, despite the beauty retailer slamming its attempted boardroom coup yesterday and labelling the fashion pureplay’s approach as “value-destructive, opportunistic and self-serving”.
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NewsTHG predicts increase in profitability ahead of AGM
THG says it expects an increase in profitability in the first half of 2023 as it continues its “successful focus on profitability and cash generation”.
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NewsHalfords delivers sales growth despite market headwinds
Halfords has reported growth in sales and market share in the 52 weeks ending March 2023 as investments in competitive pricing and a loyalty scheme paid off.
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GalleryStore gallery: Harrods unveils luxury loungewear and lingerie ‘universe’
Harrods has welcomed shoppers to its new “luxurious lingerie and lounge universe” on its first floor in Knightsbridge, featuring two rooms for customers to “explore every aspect of the ultimate lounge to lingerie wardrobe”.
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InterviewQ&A: THG Beauty’s Lucy Gorman on why the opportunities for growth are online
Retail Week talks to THG Beauty chief executive Lucy Gorman about the future of direct-to-consumer businesses, loyalty schemes and her time at the business
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NewsAlibaba CEO steps down to focus on brand’s cloud business
Alibaba chief executive and chairman Daniel Zhang will step down later this year to focus on the retail giant’s cloud business.