All Retail Week UAT articles in October 2022 – Page 3
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Opinion‘Retailers can’t afford to neglect their workforce during golden quarter and beyond’
As the cost-of-living crisis deepens in the run-up to Christmas, the retail workforce could hold the key to survival, says Accenture retail strategy lead for Europe Kelly Askew
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NewsAuthentic Brands Group adds Ted Baker to European portfolio
US conglomerate Authentic Brands has completed the acquisition of Ted Baker.
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NewsTesco to hire 15,000 temporary staff over Christmas
Grocery giant Tesco has announced plans to hire 15,000 temporary staff for Christmas to help customers over the busy festive period.
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NewsZara makes play for resale and repair market with pre-owned service
Zara is launching a new service to help its UK customers resell, repair or donate clothing bought from the retailer.
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NewsWickes warns of spiralling energy bill as sales rise
Wickes has warned its energy bill is set to soar by £7.5m next year as it flagged the impact of “uncertainties” surrounding operating cost inflation and consumer confidence.
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NewsDeliveroo reduces sales expectations amid ‘ongoing economic uncertainty’
Deliveroo has cautioned that full-year sales growth will come in at the lower end of expectations as it grapples with “ongoing economic uncertainty”.
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NewsRetail sales slump below pre-Covid levels in September
Retail sales volumes slumped to below pre-Covid levels in September as sluggish consumer confidence and store closures during the Queen’s funeral impacted performance.
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NewsConsumer confidence enjoys meagre boost following mini-budget
Consumer confidence was boosted by former chancellor Kwasi Kwarteng’s mini-budget but remains in the doldrums as shoppers grapple with the “new abnormal”.
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Opinion‘Asos – in a world of data, company spirit matters and culture still eats strategy for breakfast’
Asos’ new chief executive is wise to want ‘refresh’ its culture – it is the foundation stone of commercial success, writes George MacDonald
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NewsDunelm reports ‘robust’ trading despite sales fall
Homewares specialist Dunelm has posted a fall in quarterly sales but described trading as “robust” and maintained profit forecasts in the face of tough trading conditions.
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AnalysisResearch: Marketing spend on PPC, TikTok and TV will rise in 2023, 57 CEOs reveal
Digital channels will dominate marketing spend next year, while TikTok gains on its social rivals and TV advertising attracts investment, the UK’s leading CEOs reveal in Retail Week’s strategic outlook report Retail 2023
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NewsWaitrose customers turn to cheaper products and freezing leftovers as costs bite
Waitrose customers are not immune from the ongoing cost-of-living crisis, with millions turning to cheaper cooking oils, loose vegetables and freezing food to stick to budgets.
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AnalysisAnalysis: How Asos boss Ramos Calamonte plans to put the business back on trend
Asos has unveiled four strategic cornerstones to power through the next 12 months of uncertainty and put the business back on track
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NewsSephora UK website launch plagued by technical difficulties and poor user experience
Sephora UK’s long-awaited website launch has been plagued by technical difficulties, blurry images and low stock, according to disgruntled shoppers.
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NewsAnalysis: How should retailers approach a cost-of-living Black Friday?
These are dark times for Black Friday. With the threat of a recession growing with every government U-turn and consumer confidence plumbing historic lows, retailers are facing the event – and the crucial golden quarter – firmly on the back foot
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NewsExclusive: Wilko drafts in advisers as it eyes further cost-cutting measures
Wilko has drafted in advisory experts Teneo as it seeks to cut costs across the business in the face of the cost-of-living crisis.
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NewsExclusive: Iceland boss Richard Walker launches bid to become MP
Iceland boss Richard Walker has launched a bid to stand for Parliament at the next general election, Retail Week can reveal.
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NewsConsumer price inflation peaks as food prices soar
Consumer prices soared in the 12 months to September, driven by rising food and beverage prices.
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NewsNew Asos boss lays out 12-month turnaround plan as it swings to loss
Asos swung into the red as it struggled against an “incredibly challenging economic environment”.
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NewsProCook becomes first listed retailer to gain B Corp certification
ProCook has become the first retailer listed on the London Stock Exchange to achieve B Corp status.