More on Me + Em – Page 380
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NewsM&S ‘fundamentally changed’ as full-year profits climb and sales rise
Marks & Spencer has recorded a strong uplift in full-year profits bolstered by sales increases across both clothing and food, as outgoing chief executive Steve Rowe says the business has “the opportunity for substantial further growth”.
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OpinionIn pictures: ‘A tribute to a remarkable man and a social history of local retailing’
On Christmas Eve 2019, Maurice Dorfman flipped the sign on his haberdashery shop door to ‘closed’, just as he, and before him, his parents, had on 60 previous Christmas Eves. This time he would never flip it back. He died two months later, at the age of 87.
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NewsEG Group profits and sales jump on the strength of foodservice offering
Petrol forecourt giant EG Group has reported a leap in profits and sales in the first quarter off the back of strong performance from its growing food business.
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AnalysisFrom AR to Gen Z – the must-read stories and insight from Retail Week Live 2022
Reporting by: Grace Bowden, George MacDonald, Hugh Radojev, Rosie Shepard, Luke Tugby
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NewsGrocery sales slump as surging inflation leaves consumers ‘struggling’
Take-home food sales slumped in a month where inflation hit levels not seen since 2009, leaving millions of customers ‘struggling’ to make ends meet.
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NewsSuperdrug drafts in Jack Monroe over cost-of-living crisis
Superdrug has frozen the prices of 30 more of its own-brand products and launched a partnership with food blogger and activist Jack Monroe.
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NewsWorld ‘on the brink of food crisis’ warns IMF boss
The ongoing war in Ukraine and the unprecedented supply disruption has brought the world economy to the brink of a food crisis, warned the International Monetary Fund boss on the first day of the Economic Forum in Davos.
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Opinion‘Walmart woes spook investors, but now’s not the time to run a business for the share price’
The challenges flagged by Walmart, and its responses to them, likely give a taste of things to come for the US giant’s counterparts on this side of the pond.
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Opinion‘Make no mistake – quick commerce is not going anywhere’
Even before the pandemic, grocery shopping was ripe for disruption and q-commerce is here to stay, argues Edge by Ascential’s Xian Wang
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Retail VoiceThe evolving role of today’s CFO
The role of the CFO is expanding rapidly, but what is expected of the CFO 2.0, asks Palantir’s Geraldine Lafontaine and Darren Matthews.
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Retail VoiceThree stages of retail opportunity in the metaverse
With the metaverse offering retailers a whole new level of customer interaction, EY’s Thomas Harms takes a look at what firms can do to seize the moment
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NewsHarrods appoints new chief financial officer
Harrods has named Tim Parker as group chief financial officer as it seeks to build operations following tough trading during the pandemic.
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NewsTed Baker moves forward with sale as Fat Face recruits bankers
Both Ted Baker and Fat Face have made advances in their searches for a buyer.
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NewsKingfisher sales beat pre-pandemic levels but lockdown DIY boom slows
DIY giant Kingfisher’s sales declined against strong comparables in the last two years.
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NewsMoonpig expands range with Buyagift acquisition
Moonpig has made moves to grow its gifting offer with the proposed acquisition of Buyagift.
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NewsThe Very Group owners revive plans for £4bn listing
The Very Group owners the Barclay family have brought back plans to float the online retailer to the tune of £4bn.
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Opinion‘A new kind of leadership can help retailers thrive through the challenges ahead’
In the face of mounting challenges, retail leaders can succeed by hiring and developing the right people, adopting a constructive approach to all stakeholders and fostering a culture of innovation, writes Sally Elliott.
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NewsIceland cuts food prices for over-60s shoppers in bid to ease soaring living costs
Iceland and Food Warehouse have unveiled plans to reduce the cost of their products by 10% on a weekly basis for shoppers aged 60 and over in its latest bid to ease the cost of living crisis for customers.
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NewsRetail sales decline as stretched shoppers rein in non-food spending
In April, retail sales registered a substantial decline in the volume of products bought year-on-year.
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NewsTesco axes multi-buy junk food deals despite HFSS delay
Tesco has said it will press ahead with plans to remove BOGOF deals on unhealthy items despite the government announcing that the regulations would be delayed for a year.