All Retail Week UAT articles in September 2023 – Page 9
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NewsTesco boss Murphy urges government to stand by net-zero targets
Tesco’s chief executive Ken Murphy has called on political parties to stand by the country’s net-zero commitments and give businesses more confidence to invest in green innovations.
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AnalysisStrategy spotlight: How travel versus high street is playing out at WHSmith
WHSmith has been dependent on its growing travel division to offset a long-term sales decline across the high street, where annual revenues are now little over half 2010 levels. As its latest results show, the travel division is growing rapidly, but after years of cost-cutting its high street estate is now in dire need of investment. Our Retail Week analysts examine WHSmith’s performance and priorities for both divisions as the retailer continues to invest in one and cut costs in the other
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NewsJollyes posts record Q1 ‘almost exclusively’ from transaction growth
Jollyes has reported record sales growth in its first quarter results, which it said was “almost exclusively” from growth in volumes, not price inflation.
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NewsHalfords CEO says services division to outgrow retail business by year end
As Halfords reported strong sales driven by strong growth in its services and B2B division, chief executive Graham Stapleton says he expects the motoring specialist will sell more services than retail products for the first time by the end of this year.
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NewsWilko administrators confirm locations of 51 store closures
Administrator PwC has confirmed the locations where Wilko stores will be closing on September 12 and September 14.
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NewsExclusive: River Island bolsters top team with new appointments
Fashion retailer River Island has announced Jane Eskriett and Richard Grainger as its new co-managing directors and Kirsty Homer as chief people officer, in a move to strengthen its executive team, Retail Week can reveal.
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NewsWHSmith revenue jumps as travel booms
WHSmith has posted a 28% jump in its full-year revenue thanks to a boom in its travel division.
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NewsHalfords autocentres drive growth but cycling curbs retail
Halfords’ autocentres have driven growth, but a drizzly summer and low consumer confidence limited its retail sales.
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NewsJohn Lewis names former River Island CEO as non-exec director
Will Kernan has been appointed as John Lewis’ new non-executive director of its Partnership board, effective from September 12.
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AnalysisFour retailers that have in-store personalisation down to a fine art
Adding value through personalisation is not a new revelation, but it is becoming almost mandatory for every cool new flagship to weave an element of customisation into the offer — whether that’s initial engraving on jewellery, a unique embroidered print or pattern on a piece of clothing, or pick your own hamper foods. The possibilities are vast and shoppers can’t seem to get enough of it.
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NewsNorth Face to open first store in Manchester Arndale
Global outdoor brand The North Face has signed a 10-year lease for Manchester Arndale.
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InterviewQ&A: Floral Street’s Michelle Feeney on becoming a modern British brand
Michelle Feeney has gone down many avenues in her career — from starting out in PR in the 1980s, to working with Estée Lauder Companies and spearheading the launch of brands such as La Mer and Mac.
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NewsHobbycraft launches new app for customers
Hobbycraft has launched a new mobile app for customers to access thousands of product offerings, exclusive discounts and loyalty rewards.
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NewsMarks & Spencer freezes prices on 140 grocery products
Marks & Spencer has announced a price lock on 140 of its products until after Christmas as well as reducing prices on its cheese and butter, as part of its latest round of value investments.
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NewsB&M acquires 51 Wilko stores
Discount retailer B&M will take over 51 Wilko stores, but a wider rescue deal from HMV owner Doug Putman remains uncertain.
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NewsLidl opens £300m warehouse creating 1,500 jobs
Lidl has announced the opening of its £300m Luton-based regional distribution centre in a bid to continue strengthening its infrastructure in order to “cater for growing customer numbers”.
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NewsMorrisons unveils latest round of price cuts
Morrisons has confirmed it will cut prices on 170 products as part of its eighth round of price reductions launched this year in a bid to help customers “plan their budgets without worrying about price fluctuations” amid the cost-of-living crisis.
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NewsWilko rescue deal ‘in limbo’ over supplier issues
A rescue deal by HMV owner Doug Putman to save collapsed retailer Wilko is reportedly “in limbo” following issues with some of its big suppliers.
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NewsRetail sales increased in August as consumer confidence improves
UK retail sales saw a boost in August as consumer confidence improved, marking the best month for non-food sales since February this year.
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NewsAsda owners questioned by MPs over finances and price rises
MPs have questioned Asda over its finances and ability to help curb price rises and support customers during a cost-of-living crisis.