Retail DECODED
Latest edition: 20 May 2024
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Spotlight
Asda unveils new brand identity to stand out in UK grocery market
UK grocery retailer Asda is introducing its new brand identity through its 2024 campaign, ‘Serious About Summer’.
Latest news
Morrisons to trial sale of New Zealand lamb in 39 stores
UK-based supermarket chain Morrisons has announced its decision to trial the sale of New Zealand lamb in 39 of its stores this week.
Target reduces prices on 5000 most popular items
The retailer has reduced prices on 1,500 items, with thousands more price cuts planned to take effect over the course of summer 2024.
Body Shop administrators to put retailer up for auction
FRP Advisory is ready to formally approach potential buyers.
ASOS taps into lucrative Indian fashion market
India's fashion market is projected to grow at a CAGR of 5.2% between 2023 and 2028.
Read Press Release
: group aims to increase sales revenue in mid to high single-digit percentage range with an underlying profit margin of slightly more than 30 percent Rapid reduction of leverage through strong operating cash flow planned; acceleration through additional capital measures remains an option Investment program focused on innovation, customer proximity, resilience, and sustainability in execution Medium-term ambition through to 2028: average annual increase in sales revenue of more than 10 percent expected; profit margin to increase to around 34 percent by 2028 Uncertainties remain high due to the global political and economic situation The life science group Sartorius expects a return to profitable growth in 2024 and a dynamic business development for the five-year period through to 2028.
Walmart sails through inflation with strong sales, ups outlook
US retail giant Walmart reported a positive first quarter (Q1) for financial year 2024 (FY24), exceeding analyst expectations and raising its full-year outlook.
Waitrose to open first in-store GAIL's bakery in Canary Wharf, London
The move comes a year after Waitrose introduced dedicated sections offering GAIL's bakery products in 64 stores.
Walmart opens new fulfilment centre in Pennsylvania, US
The facility aligns with the retailer’s goal of providing next-day or two-day shipping to a broader customer base.
Canada Goose reports 12.5% gross profit increase in FY 2024
Outwear clothing brand Canada Goose has announced a 12.5% increase in gross profit for the fiscal year 2024 (FY 2024), reaching C$917.4m, up from C$815.2m in fiscal 2023 (FY 2023).
In our previous edition
Retail Decoded
Open-air retail booms in US suburban markets
17 May 2024
Retail Decoded
Coca-Cola launches data platform for retail partners
16 May 2024
Retail Decoded
The Home Depot reports 7% decline in net earnings in Q1 FY 2024
15 May 2024
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