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Sep- 2022 -21 September
Inflation, fast fashion and how to keep shoppers in a recession
According to the Office for National Statistics (ONS), inflation is back in the single digits in August after it rose to worrying heights in July. However, despite its fluctuations, inflation has remained at record-breaking levels, damaging profits for affordable fashion retailers among others in different sectors. According to Fashion Network,…
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14 September
Is the rise in distressed M&As set to continue?
The number of merger and acquisition (M&A) deals targeting UK retailers has increased in the last year, up from 28 transactions to 34 in the last 12 months, as deals in the sector “buck the overall slowdown in M&A”, according to RPC, the international law firm. However, the UK has…
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13 September
Thinking critically about customer reviews
Unfortunately it’s no secret that consumers and retailers alike are staring down the barrel of an economic recession. With shoppers facing double-digit inflation they’re (understandably) tightening their belts to make the most of every penny and are seeking reassurance that when they do spend, they are doing so wisely. Cue…
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13 September
Retailers’ demands of the new PM
Liz Truss is fresh in her new role as prime minister with enough enthusiasm to tweet, “it’s time to deliver for the people of the United Kingdom”, but while the new Tory leader was yet to be decided, business owners were left with fears that their upcoming winter troubles would…
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9 September
Socially conscious consumers can be targeted with better UX
Sustainability may have a new focus: the carbon footprint of digital retailers. In response to the pandemic, more and more brands turned to e-commerce, which now makes up one-fifth of all purchases. On paper, this shift appears positive: less physical footfall and fewer trips to the high street in cars.…
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8 September
Why supply chain resilience is critical to retail survival
Between product and material shortages, soaring shipping costs and ongoing inflation, retailers are currently battling a number of supply chain challenges that may cripple their profitability, and overall business, if left unchecked. Indeed, recent research from Brightpearl suggests that more than a quarter of retailers (26%) may be just four weeks from going bust…
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6 September
The other benefit of disposing of ‘best before’ dates on produce
There has been a race among major UK supermarkets to see which can hit their sustainability targets the quickest. Most recently, their sights have been set on scrapping the ‘best before’ dates on fresh produce in order to allow customers to choose for themselves when they think the produce is…
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Aug- 2022 -30 August
Why the fashion industry is edging into beauty
Fashion brands have always been intertwined with the beauty industry as they historically benefitted from the same demographic of female consumers. Luxury fashion brands such as Valentino, Giorgio Armani and Saint Laurent have been selling cosmetics since the 60s and 70s, with most finding a niche in producing luxury scents…
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23 August
Retail Crisis: Why mountains of excess inventory and overselling is set to kill off many promising businesses
Remember the early days of the pandemic? The never-before-seen surge in online shopping meant retailers were overwhelmed with demand. Locked down consumers, desperate for a distraction, scrambled for everything from at-home fitness equipment and games consoles to gazebos and scatter cushions – and warehouses were cleared of stock, as supply…
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23 August
Do staff cuts really help in a recession?
The European fashion retailer, Zalando, has predicted a return to growth of up to 3% in H2 despite a 58% profit drop during Q2, which reportedly brought the company’s operating profit down to £64.7m from £153.3m in the same period last year. In light of these results, and in spite…
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