More on Me + Em – Page 706
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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CartoonRetail cartoon: M&S bosses tune into staff's song
Patrick Blower’s take on the Marks & Spencer bosses’ plan to ‘bring back the voice of the stores’.
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NewsDiscounters reach record combined market share
Discounters Aldi and Lidl reached a combined record market share in May, while Sainsbury’s clung on as the second-biggest UK grocer, according to the latest data.
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NewsGrocery sales fall in May as promotions rise
Supermarket sales slipped over the last month as grocers came up against tough annual comparisons.
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NewsShop price inflation rate second highest in six years
Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.
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NewsWalmart hires former Google and Amazon exec as CTO
Walmart has appointed a former Google and Amazon executive to “a new elevated chief technology officer and chief development officer role”.
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NewsTJX Europe supports Be Inspired programme
TJX Europe, the retail group behind TK Maxx and Homesense, is backing Retail Week’s Be Inspired programme, showing its commitment to addressing diversity at a leadership level by joining as a partner.
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NewsJohn Lewis ploughs £21m into Peterborough refurb
John Lewis & Partners is investing £21m in refurbishing its Peterborough store in the Queensgate shopping centre.
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NewsBoots mulls hundreds of store closures
Walgreens Boots Alliance is exploring the possible closure of over 200 underperforming stores in a bid to stave off falling sales and profits.
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OpinionOpinion: High time M&S turns up volume on stores' voices
When Marks & Spencer revealed that it is to amp up the voice of its stores, including sharing P&L information with staff, the reaction in the retail industry was bemusement.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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DataRetail weather: Warming and mostly dry
The retail weather forecast from Saturday June 1 to Friday June 7, 2019
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AnalysisWhy a safe pair of hands is the right move for WHSmith
WHSmith boss Stephen Clarke is preparing to stand down as travel sales soar, while the high street struggles. Against this backdrop, does the retailer need more than safe-pair-of-hands Carl Cowling?
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NewsCo-op raises £300m ‘Fairtrade’ bond to drive sustainability
The Co-operative Group has raised a £300m ‘sustainability bond’ in a bid to get more Fairtrade products in its shops.
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NewsMonsoon founder pledges £34m to secure CVA
Monsoon founder Peter Simon has offered £34m worth of rescue funds in a bid to win approval for rent reductions from landlords as part of a CVA.
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NewsGreen offers £185m in assets for Arcadia pension black hole
Sir Philip Green has offered £185m in additional funds primarily made up of property assets to reduce Arcadia’s pension deficit in a bid to win approval for its CVA.
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Retail VoiceThe invasive ads hijacking shoppers’ online journeys
Shoppers find them frustrating and retailers know they are damaging, so take back control of your customer journey with measures to prevent interruptions.
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NewsDebenhams to close only Australian store next year
Debenhams is set to close its one department store in Australia by the beginning of next year.