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Reports: Walmart Raises Minimum Wage to $12, Taps Instacart for NYC Delivery

Retail TouchPoints

In the midst of a tight retail labor market , Walmart is increasing its minimum wage $1 to $12 an hour , and will give raises to more than 565,000 of its 1.6 Walmart’s new $12 minimum wage — which was announced to staff in a memo from the company’s U.S. million workers in the U.S., multiple sources report.

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Kantar: record numbers hit the shops as supermarkets experience busiest Christmas since 2019

Retail Times

Supermarkets saw their highest level of transactions in December since 2019, according to the leading marketing data and analytics company Kantar. Britons made 488 million trips to the supermarkets over the four weeks to 24 December – 12 million more than last year and the largest number at Christmas since pre-pandemic times.

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Springfields Outlet & Leisure Bounces Back with Massive Sales Uplift of 31% Vs 2019

A1 Retail

Springfields reopened on April 12 th with sales in the first week up 31% vs. the same week in 2019. Since reopening on April 12 th , Springfields outlet, leisure and gardens in Lincolnshire has demonstrated its appeal. Five retailers had triple digit growths with the largest sales at an enormous +173% vs 2019.

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“Been here before”: What’s changed since the last attempt at an ARA-NRA merger?

Inside Retail

Am I simply reading some archived stories from more than a decade ago and as recently as 2019 when merger proposals were abandoned ? The ARA and NRA, the two retail peak bodies, have announced that they are now negotiating a merger proposal expected to be finalised within 12 to 18 months. Or are they?

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Tishman Speyer Sells Retail Condo in Boston’s Seaport District for $12 Million

Shopping Center

Boston — Tishman Speyer has sold Pier 4 Retail, a 16,134-square-foot retail condo in Boston’s Seaport District for $12 million. Built in 2019, the property was fully leased to two restaurant concepts at the time of sale.

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Richemont posts record sales, appoints new CEO

Inside Retail

The jewellery maisons segment, which includes Buccellati, Cartier and Van Cleef & Arpels, reported combined sales of €14 billion, representing a 12 per cent increase at constant exchange rates. He has also been overseeing Buccellati since September 2019. Sales of the specialist watchmakers segment edged up 2 per cent to €3.8

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LVMH reports first-quarter revenue growth of 3 per cent, underpinned by Japan

Inside Retail

The French luxury group recorded growth across all business groups except wines & spirits and watches & jewellery, which dropped by 12 per cent and 2 per cent respectively. Revenue in the US and Europe rose by 2 per cent.