All articles by Ritika Bhoora – Page 29
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NewsApple profits rise driven by ‘all-time revenue record in services’
Apple has reported increased profits with an “all-time revenue record in services” as the tech giant reaches more than 1 billion paid subscriptions.
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NewsAmazon profits climb as cost cutting pays off
Amazon has reported an increase in profits for the second quarter of the year and increased its guidance for the next quarter as cost-cutting measures paid off.
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NewsRetail sales increase in July despite damp weather
Overall retail sales increased in July but saw a significant fall in the last two weeks of the month as a result of bad weather.
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NewsAdidas reports flat sales as market remains ‘volatile’
Adidas posted flat sales in the second quarter of the year “impacted by the company’s conservative sell-in approach in order to reduce high inventory levels”.
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AnalysisHow are beauty retailers using tech to enhance customer experience?
From virtual stores to tech that can detect how different fragrances affect your brain, the world of beauty retail has always been ahead in adopting the latest trends in technology. Retail Week takes a look at some of the recent tech innovations helping beauty retailers drive sales.
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NewsCMA investigation concludes JD Sports broke competition law
An investigation by the Competition and Markets Authority (CMA) concluded that JD Sports and Leicester City Football Club (FC) broke competition law by “colluding to restrict competition in the sales of Leicester City-branded clothing, including replica kit, in the UK”.
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NewsCard Factory opens first store in Middle East
Card Factory has opened its first store in the Middle East as part of a long-term franchise agreement with Liwa Trading Enterprises.
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AnalysisWhat does THG see in old media after snapping up City AM?
In a move that surprised many observers, health and beauty retailer THG has snapped up business newspaper City AM, saving it from insolvency in an eleventh-hour deal. How does the paper fit in with the rest of THG’s business? Retail Week finds out
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.
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NewsOcado Solutions boss Luke Jensen to retire
Luke Jensen will be retiring from his role as chief executive of Ocado Solutions and executive director of the board, effective September 30.
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NewsFrasers profits soar as elevation strategy pays off
Frasers has reported strong revenue and profit growth across its portfolio in a “particularly significant year for sports retail” driven by the group’s elevation strategy.
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NewsTHG snaps up business newspaper City AM
THG, which owns brands such as Lookfantastic and MyProtein, has snapped up London-based business newspaper City AM in an 11th-hour deal to save the newspaper from the brink of insolvency.
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NewsGap appoints executive who transformed Barbie as CEO
Global fashion group Gap Inc, which also owns brands such as Old Navy and Banana Republic, has named Richard Dickson as its new president and chief executive officer, starting on August 22.
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NewsSuperdrug adds new accessibility features to website
Superdrug has introduced new accessibility features on its website to make it more inclusive and accessible for people with disabilities.
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NewsAdidas banks £439m as demand for Yeezys soars
Global sportswear giant Adidas received orders worth more than €508m (£439m) for 4 million pairs of Yeezy shoes as it decided to sell the remaining stock of the highly popular line to prevent further losses.
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GalleryInside Under Armour’s Oxford Street store as it targets rapid expansion
Under Armour has opened its latest store in the UK on London’s Oxford Street, marking a “significant milestone in its European growth plan”.
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NewsUK consumer confidence falls six points as ‘reality starts to bite’
UK consumer confidence took a dramatic six-point dip after showing steady signs of recovery over the past six months as resilience starts to collapse and reality bites.
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AnalysisAre retailers missing an open goal during the women’s World Cup?
After more than 87,000 spectators watched the Lionesses score their winning goal in the Euro final last year, hopes are high as the Fifa Women’s World Cup kicks off. Retail Week finds out what opportunities the event presents for retailers
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NewsBoots says rewards scheme delivers £50m savings for customers
Boots has reported that customers with an Advantage Card have saved almost £50m through Price Advantage deals since January last year.
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NewsEnergy secretary challenges grocery bosses ‘to explain themselves’ over fuel prices
Energy secretary Grant Shapps will meet heads of major supermarkets and petrol firms over fuel prices, after an investigation found drivers paid an extra 6p per litre for fuel last year.