All articles by Ritika Bhoora – Page 19
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NewsNike to cut jobs as part of cost-saving measures
Global sportswear giant Nike will cut nearly 2% of its total workforce as it looks to reduce costs after predicting slowing demand and “softer” sales in the second half of the year.
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NewsRetail sales rebound but recession worries loom
Retail sales grew in both volume and value across all subsectors except clothing in January, rebounding after December’s fall, according to the latest Office for National Statistics retail sales data.
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NewsAsda faces strike threat at three more supermarkets
Staff at three more Asda stores are set to vote for strike action as the GMB said the supermarket staff were ”forced to do more work with fewer colleagues and worsening health and safety standards”
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NewsDebenhams launches AI-driven personalised beauty service
Debenhams has partnered with AI and AR beauty platform Revieve to offer consumers personalised skincare, haircare and makeup advice on the retailer’s website.
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AnalysisCan The Body Shop be salvaged after collapsing into administration?
As The Body Shop falls into administration less than three months after being bought by private equity firm Aurelius, Retail Week explores what happens next for the once-disruptive British retailer
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NewsThe Body Shop appoints administrators
The Body Shop has confirmed FRP Advisory as administrators of the business as it looks to “accelerate restructuring of the UK business”.
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NewsJanuary ecommerce sales suffer as demand weakens
Ecommerce sales took a sharp dip in January as most product categories recorded a slowdown due to weakened demand.
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NewsDeliveroo, Uber Eats and Just Eat riders to strike on Valentine’s Day
Delivery drivers working for four takeaway apps, including Deliveroo and Uber Eats, are preparing to strike on Valentine’s Day as they push for better pay and working conditions, the BBC has reported.
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NewsWaterstones profits fall as IT issues cause order backlog
Waterstones’ full-year profits declined despite a boost in sales as issues with stock distribution technology caused a backlog of orders.
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NewsExclusive: Lawyers write to new Body Shop owners over unpaid bonuses
Brazilian beauty giant and previous owner of The Body Shop Natura &Co’s legal counsel has reached out to new owner Aurelius over unpaid bonuses of former employees, Retail Week can reveal.
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NewsCo-op turns to AI and secure tills as retail crime soars
The Co-op has turned to AI technology at self-checkouts and secure tills after a 44% rise in retail crime with grocery retailers reporting as many as 1,000 incidents a day, The Guardian reported.
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NewsSainsbury’s unveils ‘Next Level’ strategy
Sainsbury’s has said it expects to deliver growth in profit as it puts food and Nectar card at the heart of its ”Next Level Sainsbury’s” strategy for the next three years.
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NewsRituals sales soar driven by strong European home performance
Wellness and beauty retailer Rituals has posted record full-year sales as it grew “across all countries and across all channels” in 2023.
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NewsEstée Lauder to cut roles as global sales decline
Global cosmetics giant, Estée Lauder Companies has confirmed restructuring plans as global sales declined in the three months to December 2023.
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GalleryCastore opens first of 24 new flagships in Dublin
Manchester-based sportswear retailer Castore has opened doors to a first-of-its-kind flagship store in Dublin, Ireland.
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NewsSephora launches global branding as it seeks to ‘reinvent’ beauty industry
French beauty giant, Sephora is adopting a global brand signature as it looks to shape ”the prestige beauty industry” and ”reinvent the codes of beauty.”
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NewsRetail sales slow in third year of high living costs
UK retail sales slowed in January as “the higher cost of living continued into its third year,” according to the latest BRC-KPMG Retail Sales Monitor.
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NewsNew Balance launches resale platform
New Balance has launched a new resale platform, Reconsidered, allowing consumers to shop for pre-owned shoes as it looks to focus on the “longevity and circularity of products”.
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NewsSuperdrug and Co-op kick off Apprenticeship Week with new roles
Superdrug and the Co-op have announced new apprenticeship roles as they push for reform to the apprenticeship levy scheme.
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NewsL’Oréal orders staff to return to office
Global cosmetics giant L’Oréal has ordered its staff to return to the office for at least two Fridays every month as it tightens remote working policies, The Times has reported.