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Profit warnings from UK-listed retailers fell 55% year-on-year in Q3 2023 as sector enters the ‘golden shopping quarter’
EY-Parthenon report reveals that 76 warnings were issued by UK-listed companies in Q3 2023 — marking a 12% fall compared to the same period in 2022 · UK-listed retailers issued five profit warnings in Q3...
Brits stuck in a culinary rut as almost half admit to being bored with their weeknight meals
Asda helps spice up suppertimes and offer diners restaurant quality meals for less, as it announces two new premium ready meal ranges. New data reveals the dire state of Brits’ weeknight meals with a...
Tesco issues important message to customers buying Halloween decorations
Tesco is urging customers not to throw away Halloween decorations and instead reuse them each year. With only 40%1 of families reusing their Halloween decorations, the supermarket has added a message to the packs of...
The Consumer-Driven Retail Revolution: How European Retailers Are Stepping Up Their Game
“The Consumer-Driven Retail Revolution: How European Retailers Are Stepping Up Their Game” The retail landscape in Europe is undergoing a significant transformation, driven by the evolving demands of consumers. In today’s digital age, shoppers...
Unveiling the Path to Prosperity: The Growth of the UK Retail Industry
The United Kingdom’s retail industry has a rich history and a resilient spirit, with a knack for adapting to changing times. Despite facing numerous challenges in recent years, including economic uncertainties, the rise of...
“Revolutionizing Retail: 10 Expected Innovations in 2024”
The retail industry is in a constant state of transformation, driven by changing consumer behaviors, emerging technologies, and evolving market dynamics. As we look ahead to 2024, it’s clear that retail innovation will continue...
UK regions see disposable income grow for the first time in two years
The latest figures from Asda’s Income Tracker reveal that Northern Ireland, Wales and the West Midlands have experienced growth in disposable income during September for the first time in two years, as financial pressures facing families...
Retail industry’s annual tech investment gap could top £22bn, creating an innovation vacuum that risks sector health and business survival, warns the Retail Think Tank
26 OCTOBER 2023 — London, UK – Annually, retail faces a potential sector-wide tech investment gap of up to £22billion, warns the KPMG/RetailNext Retail Think Tank (RTT), an independent board of retail experts. This blackhole of tech...
Phantom Inventory haunts retailers as a fifth of UK shoppers experience out-of-stocks due to ‘ghost’ inventory
————— 19% of customers are experiencing inventory errors with retailers’ store systems 32% reported items being listed as in-stock online but then weren’t available in-store 25% experienced staff not being able to find items...
Henderson Foodservice creates a recipe for success with Akeneo’s PIM solution
Henderson Foodservice, one of the leading foodservice providers on the Island of Ireland, has created a single source of data truth across 5,000+ food and non-food products for both company and clients across its...