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Has John Lewis Partnership finally turned a corner with its ‘refreshed’ turnaround plan?

Retail Gazette

John Lewis appeared to backtrack on Dame Sharon White’s original turnaround plan as CEO Nish Kankiwala vowed to focus “unashamedly” on retail after the partnership posted its first profit in four years. We’ve secured the funding we need for the four years of the plan. Where is it investing?

Planning 109
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Festive gatherings and holiday bookings boost hospitality and travel in December, while utility bills continue to impact finances

A1 Retail

Supermarket growth slowed as many Brits stocked up on festive food and drink earlier than usual to help spread the cost and avoid shortages. Supermarket spend remained in growth (up 5.5 Spending on utilities climbed 40.6 percent, as the drop in temperature led more households to increase their heating . percent and 62.4 percent and 28.8

Finance 98
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Buyer sought after Send collapses into administration

Inside Retail

SEND has faced some unique financing challenges given the composition of its international investors.”. At the time, founder Rob Adams told SmartCompany the startup planned to open up to 30 grocery fulfillment centres by the end of the year. Send was founded in early 2021 and by August last year, had secured a $3.1

Finance 258
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One in five retail workers plan to quit the retail industry

365 Retail

A new report by industry charity the Retail Trust has found that one in five (21%) British retail workers and nearly a third (31%) of people working for the UK’s biggest retailers are planning to quit the sector. Bakery shop owner discussing financial report with poor figures with sad shop assistant. Rising abuse.

Planning 105
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Morrisons takeover approach: Who wants to buy the supermarket and why?

365 Retail

billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. Morrisons has snubbed a £5.5 Who is the potential buyer?

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Aldi vs Lidl: Who will win the battle of the discounters?

Retail Gazette

With the cost-of-living crisis at the forefront of shoppers’ minds, it’s no surprise so shoppers have jumped ship from the traditional big four supermarkets to discounters. However, it made an even bigger investment in its expansion plan, opening 50 new branches to Aldi’s 18.

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Morrisons takeover: Who wants to buy the supermarket and why?

365 Retail

Morrisons agreed a £7 billion offer on Thursday evening in the latest twist in the UK supermarket chain’s dramatic takeover battle. UK supermarkets have been buoyed by the pandemic over the past year as sales were boosted by the closure of non-essential shops and hospitality firms. Who has agreed to buy Morrisons?