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Wilko on brink of collapse, retail analyst commentary
With UK homeware retailer Wilko on the brink of collapse, Charles Allen, retail analyst at Bloomberg Intelligence, shares his thoughts: “Wilko has operated in an extremely competitive sector where the fortunes of participants have diverged. B&M,...
The Retail Revolution: Embracing the Power of AI
In recent years, the retail landscape has undergone a seismic shift, thanks to the revolutionary capabilities of artificial intelligence (AI). This rapidly evolving technology is transforming the way retailers engage with customers, manage inventory,...
Mintel. 3 key trends that brands should tap into to succeed amidst this transformation:
Expert analysts at Mintel.com have looked into the evolving retail landscape and identified 3 key trends that brands should tap into to succeed amidst this transformation: Make shopping in-store more fun: To encourage more in-store shopping, winning...
Walmart Restored Premium Offers Customers and Sellers the Next Level of Opportunity
Walmart Restored Premium Offers Customers and Sellers the Next Level of Opportunity By Michael Mosser, Vice President and Category Lead, Marketplace, Walmart U.S. The summer’s hottest sequel doesn’t always have to be found in theaters....
Tesco becomes first major supermarket in UK to offer right to request flexible working for any colleague
Tesco, the UK’s largest private-sector employer, is to grant colleagues new flexible working rights almost a year ahead of an expected change in the law from the government. The supermarket is giving its more...
The UK’s biggest retailers have reported the first monthly fall in shop prices for two years
The UK’s biggest retailers have reported the first monthly fall in shop prices for two years, as stores offered significant discounts during July’s unseasonably wet weather. The British Retail Consortium (BRC) stated that shop...
How electronic pricing works in retail >
Electronic pricing in retail refers to the practice of using digital technology to display and update product prices in stores. Instead of traditional paper labels, electronic price tags (EPTs) or digital displays are used...
UK regions outside of London suffering the most with cost-of-living struggle
The latest figures from Asda’s Income Tracker show the squeeze on household disposable incomes is much worse for families living in certain parts of the UK than others – with households in Northern Ireland living on...
Reduction in product innovations, as economic pressure bites for brands
New Circana report shows brands launched 16.5% fewer innovations in 2022 SME’s are flexing their agility, producing 75% of new product launches Product innovations now make up 6% of total FMCG value sales with volume...
ALDI LOWERS PRICES OF FRUIT AND VEG STAPLES
Aldi has announced price cuts on fruit and veg products to pass savings on to its customers during the cost-of-living crisis. Ten products are included in the price drop, from avocados, red peppers and...