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Retail
Insights from the CEO of Cook’s Coffee on Franchise Success
Discover Aidan Keegan's insights on the innovative franchise model of Cook's Coffee, their unique brand identity, and strategies for growth in the coffee industry.
John Lewis Revives Never Knowingly Undersold Pledge in Bold Retail Strategy
In a significant shift for the British retail landscape, John Lewis has announced the reinstatement of its iconic "never knowingly undersold" price-match pledge. This move comes two years after the department store chain abandoned the…
Global Trade Faces Challenges Amidst Supply Chain Shocks
The interconnectedness of the global shipping network has been thrust into the spotlight in recent years due to a series of supply chain shocks. From the pandemic-induced increase in goods spending to the Suez Canal blockage caused by the…
Frasers Group Acquires Strategic Stake in Accent Expanding Global Footprint
Mike Ashley's Frasers Group has taken a significant step towards its goal of becoming a leading global sports retailer by acquiring a 14.65 per cent stake in Accent, a prominent retail and distribution business operating in Australia and…
Victoria Beckhams Fashion Empire Surges as Losses Narrow and Sales Skyrocket
In a remarkable turnaround, Victoria Beckham's eponymous fashion and beauty business has witnessed a staggering 52% surge in sales, reaching an impressive £89 million in the past year. This substantial growth has led to a significant…
Marks and Spencer Explores Clothing-Only Boutiques Amid Fashion Sales Surge
In a strategic move to capitalise on the resurgence of its clothing business, Marks & Spencer is considering the launch of standalone clothing boutiques. The British retailer plans to open a trial store in London's Battersea Power…
MS to Launch Standalone Clothing Store in Battersea Power Station
In a bold move, Marks & Spencer (M&S) is set to open its first-ever clothing-only store at London's Battersea Power Station this autumn. The decision comes on the back of a resurgence in the retailer's fashion sales, prompting the…
Ikea Launches Preowned Marketplace to Rival eBay and Other Classified Ad Platforms
Ikea, the world's largest furniture retailer, is set to challenge the dominance of eBay, Craigslist, and Gumtree in the secondhand marketplace with the launch of its peer-to-peer platform, Ikea Preowned. The new platform will allow…
Macys Cuts Sales Forecast as Shoppers Tighten Belts Amid Economic Uncertainty
As cautious consumers reduce their spending, Macy's, America's largest department store chain, has revised its sales outlook for the rest of the year downward. The retailer cited significant discounting as a reason for this change,…
Burberry Set to Exit FTSE 100 as Luxury Brand Struggles
In a stark reflection of its recent financial woes, British luxury brand Burberry is poised to lose its place in the FTSE 100 index. The quarterly shake-up of the index, set to be announced next week, is expected to confirm Burberry's…
Asdas Decline Billionaire Missteps and Fierce Competition
Once a beloved supermarket chain known for its "everyday low prices," wide product selection, and friendly service, Asda has experienced a significant decline in recent years. Factors such as rising prices, declining standards, increased…
Shein Files Lawsuit Against Rival Temu in US Amidst Escalating Tensions
The rivalry between Chinese fast-fashion giants Shein and Temu has reached new heights as Shein launches a scathing legal action against its competitor in the United States. In a complaint filed with the District Court of Columbia, Shein's…
Canadian Rival Makes Buyout Offer for 7 Eleven Owner in Potential Record Breaking Deal
The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…
Boohoo Withholds Payments to Suppliers Amid Quality Concerns
Boohoo, the struggling fast-fashion retailer, has found itself in a standoff with its suppliers after withholding payments due to claims of subpar clothing quality. The online budget specialist has allegedly targeted manufacturers…
Morrisons and Asda Struggle Amid Management Exodus and Investment Cuts
The situation facing Britain's private equity-owned supermarkets is becoming increasingly challenging. Morrisons is experiencing a significant loss of senior management, with seven directors, including convenience director Miles Foster,…
The Rise and Fall of Self-Service Checkouts in UK Supermarkets
In 2009, supermarkets across the United Kingdom embarked on a self-service revolution, replacing traditional cashier-manned tills with automated checkouts. The aim was to speed up transactions and reduce labour costs. However, as time has…
Starbucks Replaces CEO Amid Declining Sales, Appoints Chipotle’s Brian Niccol
Starbucks Corporation has announced a significant leadership change, appointing Brian Niccol, the current head of Chipotle Mexican Grill, as its new chairman and chief executive. This move comes in response to declining sales and mounting…
Asda Faces Market Share Decline Amid Leadership Concerns
Asda, the UK-based supermarket chain, has experienced a notable decline in its grocery market share, according to recent data from Kantar. Over the 12 weeks leading up to August 4, Asda's sales dropped by 6%, reducing its market share from…