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Walmart profits hit by rising inflation

By Alexandra Leonards

18/5/2022

Walmart has recorded an operating income decline of 23 per cent to £5.3 billion in the first quarter of the year.

Mastercard is offering retailers the same biometrics technology used to unlock phones to verify customers during the checkout process. The payments giant says that the global launch of its new biometrics programme, which will use face and fingerprint technology to verify customers, represents a “first-of-its-kind” technology framework.

UK shoppers ‘switch to lower priced brands’ amid rising prices

British consumers are switching to different brands and changing their preferred retailers amid rising inflation, a new McKinsey survey has found. The study reveals that 64 per cent of UK shoppers have changed their shopping behaviour in the past four to six weeks.

Quarter of retailers say ‘data management is biggest challenge’

25 per cent of UK retailers identify data management and integration as their biggest problem, according to a new survey by Red Ant. The study surveyed 100 retailers at the Retail Technology Show in April.

JD Williams launches sustainable fashion brand

JD Williams, a strategic brand owned by N Brown Group, has launched Anise, an in-house designed clothing brand focussed on sustainability.JD Williams said the Anise collection features premium, sustainable fabrics and embraces manufacturing initiatives that are less impactful on the environment.

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Check out our latest appointments

M&S appoints new director of womenswear

Asda hires new chief financial officer

Asda has announced the appointment of Michael Gleeson as chief financial officer. He will take over from John Fallon.

Co-op appoints two new co-managing directors

The Co-op is set to appoint two new co-managing directors to replace its current food chief executive Jo Whitfield. Whitfield is set to take four months off to help prepare her sons for exams.

Burberry appoints senior independent director

Burbery has appointed Orna NíChionna as a senior independent director. NíChionna is set to start on role on April 2.

Shirine Khoury-Haq to become Co-op’s first female CEO

Check out our latest features

The Metaverse: could virtual paradise become a nightmare reality?

There’s a risk that - without proper controls - the digital phenomenon of the Metaverse will facilitate deep-rooted problems far worse than those created by social media. Alexandra Leonards looks at the potential threats and gains of an augmented world.

Will 3D printing revolutionise the fashion industry?

The technology promises so much, but its progression beyond runway couture is slow. Alexandra Leonards finds out what’s holding it back.

The future of retail: bridging the gap between online and in-store

Achieving fluidity across channels is crucial to survival in an ever-changing retail market. Alexandra Leonards discovers how retailers are adapting to the new normal by embracing technology and reinventing the store.

What’s next for retail in 2022?

Over the past 12 months, retailers across the UK have faced a myriad of challenges, from supply chain issues to labour shortages and continued uncertainty.

BNPL: regulation gets the go-ahead, but what happens next?

Alexandra Leonards explores what regulation might mean for the future of Buy Now Pay Later and looks at how the market has responded to the government’s decision to green-light new rules.

Uyghur forced labour: do government measures go far enough?

Under the new guidelines, retailers still aren’t legally obliged to cut ties with modern slavery. Alexandra Leonards reveals why the latest measures aren’t likely to change things on the ground, and explores how retailers must look beyond the legal minimum to rid their supply chains of forced labour.

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Latest videos

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Published on: 10/07/2019
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HULFT

Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.

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Published on: 17/04/2019
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Talking shop: retail technology solutions from Brother

Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.

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Published on: 14/12/2018
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Why the High Street needs a digital upgrade

Fluent Commerce’s EMEA managing director Rob Shaw sat down with Retail Systems editor Peter Walker to discuss omnichannel opportunities, the best way to tackle technology and how the company is expanding into the UK and Europe.