More on Me + Em – Page 283
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NewsRevolution Beauty threatens legal action against former CEO
Revolution Beauty is considering legal action against its founder and former chief executive Adam Minto amid an ongoing crisis at the brand.
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NewsGrocery inflation hits ‘lowest level this year’ but still at 16.5%
Grocery price inflation has fallen to its lowest level this year, but is still at the sixth-highest monthly figure recorded since 2008.
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NewsFrasers continues acquisition streak with stakes in Currys and Boohoo
Frasers Group has acquired an 8.9% stake in electricals retailer Currys and a 5% stake in online fashion retailer Boohoo in a continued string of acquisitions for Mike Ashley’s retail empire.
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NewsAmazon launches flexible financing programme
Amazon has launched a flexible financing programme for small and medium businesses.
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NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
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Retail VoiceRetail needs better ESG reporting
Talking the talk on sustainability isn’t enough, says Informatica’s Vita Berneburg, retail needs to be doing more when it comes to reporting on environmental, social and governance
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NewsSuperdrug rolls out personal diagnostics service in all stores
Superdrug has entered a two-year partnership with Thriva Solutions, a personal diagnostics and health platform, to roll out a nationwide service to all its customers.
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NewsKurt Geiger secures new funding to drive global growth
Luxury footwear and accessories retailer Kurt Geiger has secured fresh funding in a bid to “refinance its existing debt” and support its international growth plans.
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NewsBoohoo seeks greater control of Revolution Beauty in boardroom coup
Boohoo, which owns a 26.6% stake in Revolution Beauty, announced its intentions to vote against the reappointment of the beauty brand’s senior executives as it moves to take control of the struggling business.
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NewsHotel Chocolat to open five new retail park stores by Christmas
Hotel Chocolat is going all in on its new out-of-town format, with plans to open a further five new stores in retail parks before Christmas.
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NewsMarks & Spencer invests in lower prices on 200 products in summer value push
Marks & Spencer has unveiled a new round of price investment as it seeks to “deliver trusted value” to customers.
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NewsNext increases profit guidance as warm weather triumphs
Fashion giant Next has upgraded its full-year profit and sales guidance as the effects of the warm weather and annual salary increases pay off.
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NewsMusic Magpie trading ‘strengthens’ as it focuses on cost control
Music Magpie has delivered a “strengthened” trading performance as it chose to focus on cost control and increasing gross margins instead of “growing revenues on lower-margin products”.
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NewsMorrisons unveils new round of summer price cuts
Morrisons has cut the prices of almost 50 popular products by an average of 25% as it seeks to bolster its appeal to hard-pressed shoppers.
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NewsWilko may pay no rent on some stores for three years in restructuring push
Turnaround plans being drawn up by variety store group Wilko, which may include a CVA, mean it may pay no rent on some stores for three years.
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NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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NewsExclusive: Belfast revealed as best value retail location in the UK
Belfast city centre offers retailers the best value compared with any other location in the UK, an exclusive ranking for Retail Week has revealed.
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DataRevealed: The 25 most vibrant retail locations in the UK
Location, location, location. Whether you’re opening another store to better serve your core market or looking for new eyeballs to thrill and excite with an experiential flagship, where to open is a topic bandied around boardrooms up and down the UK all year long.
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EventsSustainability Summit 2023
Retail Week’s Sustainability Summit returns for a second year on October 12, 2023, to unite retailers and brands for a morning of impactful content to help make ambitious sustainability targets a reality.
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Innovation of the WeekInnovation of the Week: Sephora opens second ‘store of the future’ in Shanghai
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts.