Retail DECODED
Latest edition: 24 May 2024
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Spotlight
Asda removes 1.6m units of inaccurate inventory
UK supermarket giant Asda has extended its technology partnership with store operations execution software provider Retail Insight to improve stock accuracy across its network.
Latest news
Primark joins initiative to scale circular fashion business models
Primark, a leading value fashion retailer, has announced its participation in The Fashion ReModel, a new project by the Ellen MacArthur Foundation.
Walmart announces $700m investment in Guatemala over five years
Retail giant Walmart is pouring further resources into Central America, announcing a $700m investment plan for Guatemala over the next five years, Reuters reported.
United Natural Foods debuts retail media network for grocers
The media network will aim to enable grocery retailers to better connect with consumers through tailored promotions.
Asda launches new brand and locally sourced Welsh milk in stores
The new premium own-brand range will feature more than 500 products.
Kesko announces investment to electrify grocery logistics
The company will begin operating electric trucks on the Vantaa-Turku and Tampere-Turku routes in 2025.
UK CPI annual inflation rate drops to 2.3% in April 2024
The UK Consumer Prices Index (CPI) annual inflation rate has dropped to 2.3% in the 12 months to April 2024, a decrease from 3.2% in March.
LVMH and Alibaba extend partnership to increase tech presence in China
Global luxury group LVMH is increasing its omnichannel, data and technological presence in China by expanding its partnership with Alibaba.
In our previous edition
Retail Decoded
Online car retailer Cazoo files for administration in UK
23 May 2024
Retail Decoded
Body Shop administrators to put retailer up for auction
22 May 2024
Retail Decoded
Morrisons faces lawsuit over £2.5bn petrol forecourts deal
21 May 2024
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