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

Inside Retail

This revenue growth is reportedly due to an increase in both first-time and returning customers. Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It recently appointed a chief marketing officer, and is seeing a 200 per cent return on its marketing investment.

Planning 246
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What’s in Store for Grocery in 2022?

Retail TouchPoints

Grocers certainly need to stay on their toes in 2022, but those that perform well should finally see profitability and loyalty return to this dynamic sector. He leads Halla’s strategic vision, growth plan and value offering, and works to build robust, symbiotic relationships with customers, vendors and investors.

Grocer 302
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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.

Planning 111
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Tesco to open over 150 Express stores in next 3 years

Retail Gazette

Tesco is planning to open over 150 Express convenience stores in the UK over the next three years as it ramps up expansion plans. Tesco managing director UK stores Kevin Tindall said: “I’m delighted that we have come full circle and returned to the street where it all began, with Jack Cohen’s first store in Burnt Oak.

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Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers. One-fourth of consumers also reported that they planned to spend more on back-to-school shopping this year due to their need for bigger-ticket items such as computers, phones, calculators, or furniture.

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Will Aldi leapfrog Asda as the UK’s third biggest supermarket?

Retail Gazette

The chain’s value offer and rapidly expanding store network in recent years saw it overtake Morrisons to become the UK’s fourth largest supermarket in 2022. Stores Aldi is racing ahead with its store expansion plans, revealing this week it was ploughing £800m into accelerating its quest to reach 1,500 stores nationwide.

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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. in pre-tax losses as sales plunged 25% to 96.5m