More on Me + Em – Page 555
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AnalysisDispatch: How Saudi Arabia’s VAT rise sparked a retail sales boom
As coronavirus takes its toll on economies and businesses across the globe, Retail Week brings you regular dispatches from international retailers and experts, who provide their insights into how they are coping with the pandemic.
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NewsGovernment opens call for evidence on business rates reform
The government has launched a call for evidence on possible future reform of the existing business rates system.
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Opinion‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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OpinionJohn Roberts: 'Why all AO staff – not just bosses – will share our success'
At AO.com, we talk a lot about trying to do things that would make our mums proud.
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NewsSuperdry stake snapped up by activist investor
Hedge fund Gatemore Capital has acquired a stake in Superdry and cited confidence in chief executive Julian Dunkerton’s vision for the future of the business.
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NewsMatalan crashes to first-quarter loss as lockdown hits bottom line
Matalan has tumbled into the red on its first-quarter result as boss Jason Hargreaves described coronavirus as “the biggest challenge ever faced by the sector”.
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NewsDelivery firm Hermes to create 10,500 jobs to capitalise on UK ecommerce boom
Delivery giant Hermes has said it plans to create some 10,500 jobs in the UK after seeing a surge in demand from people shopping at home during the coronavirus lockdown.
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NewsGrocery market grows at fastest rate since records began
Sales of take-home groceries have soared to new heights, growing faster than at any time since records began in 1994, according to the latest market share data.
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NewsCo-op staff don face coverings early to encourage consumer use
Staff at one of the biggest Co-ops began wearing face coverings yesterday to promote their use ahead of them becoming compulsory for shoppers on Friday.
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NewsAO.com to reward all staff through ambitious incentive plan
All of electricals etailer AO.com’s 3,000 staff are to share in value created in the company through a reward plan that will recognise “truly exceptional performance”.
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NewsTed Baker encouraged by recent trading and online growth
Ted Baker has reported “resilient trading” despite the impact of the coronavirus pandemic and is encouraged by progress on its transformation plan.
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NewsAsda sale talks back on, Walmart reveals
Walmart has recommenced discussions with potential buyers of a stake in Asda, the US giant said.
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NewsWeek five of trading post-lockdown – the data you need to know
While footfall increased for the fifth straight week since non-essential stores were allowed to reopen, the level of increase appears to be tapering off and is still well short of normal levels.
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NewsMarks & Spencer axes 950 jobs as it ‘accelerates transformation’
Marks & Spencer is to cut almost 1,000 jobs as it reshapes operations through the ‘Never the Same Again’ programme unveiled as the coronavirus pandemic hit.
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NewsHuawei makes UK retail debut with launch of three stores
Huawei is ploughing £10m investment into the launch of three stores on UK high streets over the next year, creating 100 new jobs.
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NewsM&S, Ted Baker and Harvey Nichols brace for job cuts
Marks & Spencer is understood to be making hundreds of job cuts this week as fellow fashion operators Ted Baker and Harvey Nichols also brace for redundancies.
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NewsAsos and Next call for government action on UK worker exploitation
Fashion retailers including M&S and Missguided, alongside 50 MPs, have written to the Home Secretary urging that action be taken to address exploitation in the UK fashion supply chain.
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AnalysisGoodbye Piccadilly, farewell Leicester Square: Where are retail’s new property hotspots?
People are travelling less, working from home more and less inclined to congregate in busy public spaces – will this change where retailers want to open stores?
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NewsIceland blames widening losses on tough trading conditions and Brexit
Iceland has blamed widening losses in its last financial year on tough trading conditions and ongoing uncertainty around Brexit and the December general election.
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Retail VoiceThree key ways retailers must now transform
Transparent communications, rapid transformation and supply chain business practices are essential for businesses to thrive in retail’s new environment, a panel of leading retailers have revealed.