Asda reinstates former CEO Allan Leighton as executive chair in a strategic move to address ongoing struggles and revive the brand.Leighton previously led Asda from near…
Browsing: Retail
Sosandar has strategically shifted its pricing model, leading to a 27% decrease in sales but noticeable improvements in profit margins, reflecting their move towards full-price sales.The…
Shop price deflation eased to 0.6% in November, slightly rising from October’s 0.8%, as reported by new data.The BRC-NielsenIQ Shop Price Index shows a small decline…
The relaunch of Ted Baker’s websites in the UK and US marks a strategic move by the brand’s ecommerce operator to strengthen market presence.Authentic Brands Group…
Allan Leighton has returned to Asda as executive chairman to lead a significant turnaround, projecting a 3-5 year timeline for revival.Leighton is focusing on restoring Asda’s…
AO has revised its full-year forecast upward, attributed to a robust increase in profit and sales in the year’s first half.The company projects adjusted profit before…
The recent financial update from Halfords highlights several key issues and opportunities for the company.Halfords reports a mixed financial performance for the first half of 2024…
Recent data reveals a slowdown in overall food inflation to its lowest point since November 2021.Seafood prices remain elevated due to high import and processing costs,…
Secret Sales has strategically acquired Afound to bolster its presence in Europe’s off-price retail market.Afound, initiated by H&M in 2018, will relaunch as an independent site,…
The recent Autumn Budget has sparked significant concern within the UK business sector, notably voiced by Rain Newton-Smith, CEO of the CBI.Margins are expected to be…