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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Online furniture and homewares retailer Temple & Webster has partially recovered from the significant losses that occurred during the first half of the 2023 financial year, and is focusing on its private labels, AI technology and value proposition to drive growth and market share over the next three to five years.

Planning 246
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What does Barry Williams’ return mean for Poundland?

Retail Gazette

With Pepco set to reveal its grand plan for Poundland on its Capital Markets day on 6 March, Retail Gazette takes a look at what Williams may have up his sleeve and what’s next for one of the high street’s much-loved retailers. Pepco has also put a pause on the retailer’s expansion plans for the year.

Returns 112
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What’s in Store for Grocery in 2022?

Retail TouchPoints

Outfits like GoPuff, Gorillas and 1520 took the grocery market by storm in 2021, offering a limited menu of consumables, delivered to your door in an incredible 30 minutes or less (and commanding multi-billion dollar valuations in the process.) So what changes should we expect to see in 2022? Here’s my take: 1.

Grocer 321
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Best of 2024: Clintons new owner’s plans for the card retailer that refuses to fold

Retail Gazette

At its peak, it was the clear greetings card market leader with over 1,000 stores and a presence in almost every major British town, but a n influx of internet rivals alongside the growing popularity of Card Factorys value offer resulted in the retailer losing its grip on the industry.

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Tesco to axe 400 jobs ahead of Budget tax hikes

Retail Gazette

The cuts impact several head office management roles, management in Tesco Mobile phone shops and staff at its in-store bakeries, where it plans to move away from scratch baking. It comes as the grocery giant reported its biggest ever Christmas earlier this month as it achieved its highest market share since 2016.

Grocer 122
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M&S beats expectations as sales soar over Christmas

Retail Gazette

rise in like-for-like sales over the golden quarter as its turnaround plan continues to bear fruit. The department store retailer saw UK sales surge to £3.6bn in the 13 weeks to 30 December, driven by market-leading growth in food and a strong performance in womenswear. M&S saw food sales rocket 10.5% to £2.3bn, up 9.9%

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Why Colette, TDE parent Marquee Retail Group is looking to expand

Inside Retail

Marquee Retail Group, the parent company of Colette by Colette Hayman (CBCH) and The Daily Edited (TDE), is aiming to expand its market share through acquisitions and expansions. In an interview with Inside Retail , he discussed how CBCH and TDE are rebounding following collapse, as well as his plans to expand in the years to come.