Omnichannel
This coverage explores the evolution and execution of omnichannel strategies within the UK retail industry. Reporting highlights technology integration, customer experience innovations, store–online alignment, supply chain adjustments, and leadership decisions driving seamless retail operations. Designed for executives and managers, it provides analysis to support strategic planning and operational excellence across digital and physical retail channels.
-
Oct- 2024 -11 OctoberNews-In-Brief
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite the sales decrease, the strategy led to a 4.5% increase in store visits and a notable 21% rise in online traffic, driven by heightened consumer demand. This period also saw…
Read More » -
11 OctoberDepartment Stores
Ikea sales dip 5.3% in FY24 after cutting prices
Ikea has seen a 5.3% decrease in retail sales to €45.1bn (£37.7bn) for its 2024 financial year as it “substantially” lowered its prices across 63 markets. However, as a result of the price decreases, the retailer saw a 4.5% upward trend both in store visitation and a 21% increase in…
Read More » -
11 OctoberPeople Moves
Quiz CFO to step down
Quiz has announced that Gerard Sweeney has informed the board of his intention to step down from his role as chief financial officer and company secretary. Sweeney will depart after more than eight years at the omnichannel fashion brand. According to Quiz, the recruitment process to find Sweeney’s successor has…
Read More » -
8 OctoberNews
Matalan CEO steps down
Matalan, the omnichannel retailer for families, has announced that Jo Whitfield, chief executive officer, has decided to step down from the business to pursue a portfolio career. Under her leadership, the brand has made “significant” progress, rebuilding the top team and re-establishing its value credentials. Karl-Heinz Holland, chair of the…
Read More » -
7 OctoberClothing & Shoes
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility (RCF) from HSBC UK. Footasylum was acquired by Aurelius, a global alternative investor, in August 2022. Since then, the company has embarked on a strategic store opening and upsizing programme,…
Read More » -
Sep- 2024 -30 SeptemberHealth & Beauty
Lookfantastic unveils first permanent store in Greater Manchester
THG-owned beauty retailer Lookfantastic has opened its first ever concept store in Greater Manchester. The new store features over 90 beauty brands, including exclusives such as Dermatologist-founded brand, Dr Loretta, democratised expertise, and access to expert advice from industry insiders and multi-brand specialists, in-store beauty experts, including dedicated skin health…
Read More » -
16 SeptemberNews
Today’s news in brief-16/9/24
The New West End Company (NWEC) has reported that the removal of tax-free shopping cost West End retailers £220m in unrealised sales during the first half of 2024. Despite a 3% increase in international tourists visiting London, their spending decreased by 12%. NWEC urges the government to reinstate the tax…
Read More » -
16 SeptemberPeople Moves
JD Sports appoints Prama Bhatt as NED
JD Sports Fashion, global retailer of sports, fashion and outdoor brands, has announced that Prama Bhatt will join its board as a non-executive director (NED), with effect from 23 September 2024. Bhatt is set to also join the Nominations Committee and the Remuneration Committee and she will also join the…
Read More » -
11 SeptemberFeatures
Effective seasonal merchandising strategies ahead of Halloween season
With Halloween looming around the corner, retailers have an excellent opportunity to boost their sales and gain brand recognition, through seasonal merchandising. Halloween is a season when retailers promote everything from candy and pumpkins to costumes and decorations. Halloween spending topped £1bn in 2023, and consumer spending on bonfire night…
Read More » -
9 SeptemberNews
Gymshark appoints new chief people officer
Gymshark has announced the appointment of Sian Keane to the role of chief people officer. Keane is the latest in a series of senior appointments at Gymshark, following Mat Dunn joining from Asos as chief financial officer, Carly Natalizia (formerly O’Brien) joining from The Very Group as chief digital officer…
Read More »
