Retailtimes

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Lackluster ranges and cost-of-living crisis restricts H&M’s recovery, says GlobalData

Following today’s release of H&M’s figures for Q3, FY2021/22; Pippa Stephens, apparel analyst at GlobalData, a leading data and analytics company, offers her view: “H&M continues to struggle to rebound beyond pre-pandemic levels, with constant currency net revenues in Q3 FY2021/22 rising by a meagre 3.4%, still 8.2% below the same period in FY2018/19, while its operating profit also plummeted by 85.6% to SEK902m. Though it has placed a large portion of the blame for this slow recovery on the winding down of its operations in Russia following the outbreak of the war, Russia, Ukraine and Belarus made up only 4.3% of its total sales prior to the conflict, suggesting wider issues are impacting its growth. Compared to its key rival, Inditex, which saw sales in its H1 FY2022/23 to the 31 July 2022 rise 15.8% above pre-COVID-19 levels, H&M’s collections, especially within its core brand, tend to have a much greater focus on basics and neutrals, preventing them from inspiring shoppers and standing out in the market.

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Scottish businesses missing out on export opportunities says new research from Alibaba Group

Scottish businesses could be missing out on important export opportunities and the chance to grow on an international scale, according to new research released today from Alibaba Group.

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Corona turns the heat up with the rollout of Corona Tropical

Corona, a proud part of Budweiser Brewing Group UK&I, has today announced the nationwide rollout of Corona Tropical, an alcoholic sparkling water with made with real fruit juice*. Corona Tropical will continue the rollout of its single and 8x330ml formats in grocery and convenience channels and will launch in a single 330ml can in the On-Trade.

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A storm is brewing, but Next has tricks up its sleeve, says Wealth Club

Charlie Huggins, head of equities at Wealth Club, commented:

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UK brand values hit $283 billion but marketing innovation will be key to avoid inflation slowdown, says Kantar

Vodafone has claimed the top spot as the UK’s most valuable brand for the fifth year in a row, according to the latest Kantar BrandZ Most Valuable UK Brands 2022 report. Collectively, the UK’s leading 75 brands are now worth $282.9 billion, up by 1% year on year.

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Snappy Shopper reports soaring sales driven by customer loyalty

Home delivery platform, Snappy Shopper, has reported a bumper summer for sales, as the demand for delivery rose with the soaring temperatures.

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Wunderkind’s data reveals Back to School boosts online retail revenues

The latest data from Wunderkind, the leading performance marketing engine, shows thatthe Back To School shopping season gave UK online retailers a much-needed boost in September. A welcome respite from the ongoing cost of living crisis which is continuing to put pressure on UK household budgets.

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Co-op, Next, Boots, No7: Retail giants win big at inaugural menopause awards

No7, Boots, Co-op and Next are among the winners at the inaugural GenM Awards. A world first, the awards aim to celebrate the brands leading change for the menopausal staff as well as consumers, and were launched by GenM – the menopause partner for over 60 brands.

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When will the retail price of electric cars come down?

The sale of electric cars is fast on the rise with many motorists making the switch in recent years. Many motorists are switching as a way to reduce their environmental impact as well as save money on fuel (something that is appealing to many right now), plus the charging infrastructure and improving battery technology mean that range anxiety is no longer an issue. There are many good reasons to switch, so what is stopping other motorists from following suit?

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Bazaarvoice and Taggstar partner to integrate user-generated content into social proof messaging

Bazaarvoice, the leading provider of product reviews and user-generated (UGC) solutions and Taggstar, the social proof messaging market leader, have partnered to integrate user-generated content into social proof messaging.