Amazon’s “prepared food kits” are thought to be likely to hit UK shelves imminently, as the retail issues a trademark at the UK’s Intellectual Property Office (IPO). According to The Grocer , the slogan “We Prep. You Cook” was filed by Amazon today, a take on the US’s “We do the prep
With a fierce price war brewing this season, in-store and mobile experiences will be critical differentiators for retailers not named Amazon, Moody's Charlie O'Shea told Retail Dive on the podcast.
The S&P 500 Retail ETF was climbing more than 2.5 percent Friday afternoon, making up for recent losses.
The Virginia based “computer science educator, father of four, social liberal, atheist, and not a retail store” John Lewis has become a much-loved Twitter celebrity. Dealing with thousands of misplaced tweets aimed at the British retail giant, his humorous responses have earned him over 35,000 followers.
John Lewis has been accused of plagiarism by children’s author and illustrator Chris Riddell over its Christmas advert Moz the Monster. Former children’s laureate Riddell took to social media to highlight the striking similarities between the department store’s widely celebrated Christmas television advert and his book Mr Underbed. The resemblance of the two monsters is notable, both are furry and blue and have a large nose.
Mountain Warehouse has reported record sales in its interim results as its chief executive says inflation in the UK has peaked. In the six months to August 27 the outdoor retailer saw sales rise 19 per cent to £91.6 million, its highest ever, while pre-tax profits jumped 18 per cent to £4.7 million. The results were lifted by its international business which saw a 50 per cent boost in sales accounting for around 25 per cent of its total revenues
Asda’s turnaround efforts has continued to bear fruit after it reported its second consecutive quarter of like-for-like sales growth. The Big 4 grocer today posted like-for-like sales growth of 1.1 per cent for the 12 weeks ending September 30, while overall net sales climbed 3.6 per cent.
Harrods’ chief financial officer John Edgar has stepped down from his position at the luxury department store after five years. According to Drapers , he departed the world-famous retailer for “new challenges”. READ MORE: Harrods smashes £2bn sales mark for the first time The news comes a month after Harrods recorded its eighth year in a row of soaring profits, which included smashing the £2 billion sales mark for the first time.
The parent company of TK Maxx has recorded a fall in third quarter profits, primarily due to investment in a new UK distribution centre. In the three months to October 28 reveal an 18.5 per cent drop in adjusted profits to $75 million (£56.8 million). TJX International – which operates fashion chain TK Maxx in Europe and Australia, as well as homewares retailer Homesense – attributed the reduction in profits to the opening of a new distribution centre in Knottingley, Wakefield, which opened in August.
This morning the Office for National Statistics (ONS) shed a sliver of light on what has otherwise been a dismal period for the retail sector. Retail Sales beat expectations last month according to the ONS despite still marking the first annual drop in retail sales volumes since 2013. Elsewhere the picture has been even darker.