More on Me + Em – Page 284
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DataForecast: How the sports and outdoor sector continues to excel
The Retail Week analyst team forecasts that the UK sports and outdoor market will grow at a compound annual growth rate (CAGR) of 4.6% in the five years to 2026/27 as retailers fight to gain market share in this lucrative category
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Retail VoiceHow can retailers tackle the ‘returns crunch’?
With the cost-of-living crisis proving a crunch time for customer returns, Advanced Supply Chain Group’s Ben Balfour examines how firms can navigate this latest challenge smoothly
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EventsConsumer Summit 2023
Retail Week’s third annual Consumer Summit will help redefine CX strategies and take a deep dive into the consumer psyche.
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NewsFrasers Group fashion boss Greg Pateras steps down
Frasers Group fashion chief executive Greg Pateras has confirmed he will step down from his role following his appointment less than a year ago.
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NewsCurrys launches strategic review of Greek business
Electricals retailer Currys has begun a strategic review of its Greek division, Kotsovolos, which could lead to a sale.
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NewsFrasers increases stake in Asos for the third time in two weeks
Frasers Group has increased its stake in fashion pureplay Asos for the third time in two weeks, as takeover speculations increase.
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NewsTesco delivers robust sales as focus on value and quality pays off
In the 13 weeks to May 27, 2023, Tesco delivered strong results across all formats driven by a “relentless focus on value.”
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Opinion‘If a buyer wants to pounce on Asos, they might prefer to move sooner rather than later’
Asos was back in fashion with the City today as its shares climbed on the back of a trading update, providing welcome encouragement that chief executive José Antonio Ramos Calamonte’s turnaround efforts are working.
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NewsHugo Boss ups sales target and confirms global expansion plans
Luxury fashion group Hugo Boss has increased its 2025 sales target to €5bn (£4.2bn) and confirmed plans to “expand its global footprint” in its latest strategy update.
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GalleryStore gallery: EE opens ‘visionary’ new flagship store in Westfield London
Mobile phone provider EE has today opened its “future face of retail” flagship store in Westfield London, White City.
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NewsN Brown sales dampened by poor spring weather
Fashion group N Brown has reported a fall in first-quarter sales following lacklustre early spring weather as consumer confidence remained fragile.
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NewsAsos posts quarterly profit as turnaround strategy pays off
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.
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Retail VoiceThe five biggest trends in payments for retail
Letting your customers pay the way they want to should be top of the agenda for retailers, says Elavon’s Michael Bosshammer as he takes a look at the biggest payment movements right now
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NewsNobody’s Child embarks on US expansion with Europe and Middle East to follow
Nobody’s Child has unveiled its expansion into the US through the launch of online partnerships with fashion brands Anthropologie and Nordstrom, as its European and Middle Eastern expansion plans “are also imminent”.
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NewsAmazon workers in Coventry vote for six more months of strikes
Staff at Amazon’s Coventry warehouse have voted to take a further six months of strike action, despite failing to win formal union recognition from the tech giant.
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InterviewQ&A: Bodycare’s Tony Brown on building a ‘truly national brand’
Founders Graham and Margaret Blackledge launched Bodycare in 1970 from a market stall in Skelmersdale, Lancashire. Today the health and beauty retailer’s portfolio has grown to more than 130 stores across the UK
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NewsMarks Electrical sales soar in record year
Marks Electrical has enjoyed a record year as savvy shoppers researched online for better prices on large appliances.
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NewsBRC names Andy Higginson as next chair
The British Retail Consortium has named Andy Higginson as its chair-elect, succeeding incumbent Tony De Nunzio, whose tenure is set to come to an end in September.
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AnalysisStrategy spotlight: How AO is pivoting to profitable growth as Frasers Group snaps up stake
As Frasers Group snaps up a 19% stake in AO, the two retailers are “looking forward to realising the significant potential” of working more closely in partnership.
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AnalysisWhat does Frasers stand to gain from taking a £75m stake in AO World?
Mike Ashley’s sprawling retail empire is known to lead with an aggressive acquisition strategy, but news of Frasers Group buying an 18.9% stake in ecommerce electrical retailer AO.com came as a surprise to many.