As the dust settles on the failed merger in the UK of Asda and Sainsbury’s, Judith McKenna, the CEO of Asda’s parent company Walmart International – hailed as the most powerful woman in retail – opens up at World Retail Congress in Amsterdam about the merger
Another day and another disappointing set of results from a High Street retail stalwart. This week, Boots UK released its full year figures for 2017/18, showing revenue dropping by £158m to £6.79bn, while operating margin declined by 1.5% to 5.8%.
One of Britain’s most successful home-grown multi-channel retailers, Cotton Traders, has improved its mobile conversion rate, reduced checkout abandonment and rolled out five new sites as part of an international expansion-led re-platforming.
Leading UK pet care retailer Pets at Home has unveiled its new ‘Store of the Future’ format in Stockport and Chesterfield – claiming to offer an immersive experience for shoppers and their furry friends, complete with in-store vet practices and groom rooms.
There are set to be 2.6 billion successful retail chatbot interactions this year – and more than 22 billion by 2023 – and they are going to make retailers more efficient, more money and more attractive to users, new data from Juniper Research suggests.
Online sales penetration may have increased from 28.0% in April 2018 to 29.7% last month, but a late Easter is distorting otherwise good looking retail sales figures, according to the latest BRC-KPMG retail sales monitor for April 2019.
UK consumers took advantage of the sunshine last month, resulting in double-digit growth for pubs and restaurants. However, the wider retail sector continued to face challenges, with spending on clothing, electronic stores and department stores contracting.