Retail news

• The Guardian view on Boohoo and fast fashion: no quick fix | Editorial

  04-10-2020 19:36
  
  Business and political leaders must work together on improving conditions in Leicester’s clothing factories For anyone hoping that bad publicity surrounding Boohoo, the online clothes retailer, over recent months, would harm its business, last week’s figures came as a disappointment. Pre-tax profits at the group, founded in 2006 by Carol Kane and Mahmud Kamani, jumped 51% to £68.1m in the six months to 31 August. Sales surged to £816.5m. Without talking to Boohoo’s
  
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• The UK's retail parks were once the future. Now they look like drab relics of the past | Eddie Blake

  04-10-2020 14:00
  
  Covid-19 and online shopping have put malls on the brink of extinction. But will we miss them when they’re gone?As you cruise round the ring road at 50mph, they slide into view: huge square hulks with their supernaturally bright colours and 6ft lettering. Underappreciated and rarely discussed, commercial retail parks are a major part of the UK’s economic and social life. But now, amid a combination of long-term trends and the impact of coronavirus, they might be on their way out.To u
  
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• Waitrose steals market share from Ocado despite M&S deal

  04-10-2020 12:13 via retailgazette.co.uk
  // Ocado’s weekly orders since the start of M&S partnership averages 328,000
  // This compares to an average of 345,000 in the weeks leading up the launch, when it was still partnered with Waitrose
  // Meanwhile, Waitrose’s standalone online grocery service has seen weekly online orders increase 20%Waitrose has reportedly stolen some market share from Ocado during the early days of the latter’s partnership with Marks & Spencer.
  According data seen by The Sunday Times, Oca
  
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• Tesco shareholders hoping for nice payout in half-year update

  04-10-2020 11:28 via retailgazette.co.uk
  // Tesco shareholders hoping for a nice payout in half-year update, especially after selling off its Asia business, analysts say
  // Tesco expected to post £58.5bn in sales, operating profit predicted to be £2.2bn & pre-tax profit £1.4bnTesco shareholders will eagerly be hoping for a payday later this week as the retail giant gives them the best behind-the-scenes look at how it coped with Covid-19.
  The supermarket’s half-year results will be presented by new chief
  
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• Check This Out: Proactive Front End Management

  04-10-2020 01:00 via theretailbulletin.com
  
  Logile Guest Content: By this point in our Improving Front End Management blog series (see part 1, part 2 and part 3), you have realized if you didn’t already... View Article
  
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