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IKEA stores owner Ingka acquires supply chain software firm Made4Net


By Jonathan Easton

The group which owns and operates 482 IKEA stores and e-commerce in 31 countries said that the acquisition of Made4Net would help fuel major expansion in the US


Dr Martens hits £1bn revenue but experiences profit slump

Dr Martens’ latest financial results reveal the company reached a £1 billion revenue milestone but experienced a profit drop in the financial year ended 31 March. The bootmaker recorded profits of £159 million which marked a 26 per cent decline on the previous year.

Instacart introduces ChatGPT plug-in

Instacart has introduced a search function which uses ChatGPT and AI models to help customers with grocery shopping and meal preparation.

Amazon hit with $30m penalty over Alexa and Ring 'privacy failures'

Amazon is facing two fines worth $30.8 million over alleged privacy failures connected with its Alexa and Ring devices.

Asda chair says grocery price cap ‘won’t work’

The chair of Asda has criticised government proposals for a price cap on some grocery items for British supermarkets.
Amazon launches flexible working contracts

Amazon has announced term-time contracts for people who look after children as part of a wider approach to flexible working.

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Russian retail sector slowly recovering as native brands 'plug gaps'

Russian clothing brands are beginning to plug the gaps left by the droves of Western companies that have exited the country since its invasion of Ukraine. Inditex, the owner of Zara, received approval to sell off its 500-plus portfolio of Russian stores to a UAE-based buyer in April. Its flagship store in Moscow, which has stood dormant for over a year, recently reopened under new brand MAAG.

LSEG's Manz to replace Roger as finance boss at Nestle

Manz, whose departure from LSEG was announced last week, will replace François-Xavier Roger. Roger has spent eight years in the role and is stepping down to “pursue new professional challenges”

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What’s holding retailers back from establishing a successful ESG strategy?

The concept of Environmental and Social Governance (ESG) has been around for some time and has been gaining traction in recent years, with research suggesting that investment in global sustainability funds has catapulted over the past five years. Despite a growing appetite amongst consumers for sustainable products and services, some retailers still appear to be behind on their environmental goals and strategies.

Retail Technology Show 2023 – Editor’s Picks

Ahead of the 2023 Retail Technolgy Show taking place on 26 - 27 April at London’s Olympia conference centre, Retail Systems editor Jonathan Easton provides his must-sees for the event

What’s next for retail in 2023?

The past 12-months have been both transformative and challenging for the retail market, with retailers experimenting with new technologies and strategies whilst grappling with an uncertain macro-economic environment, supply chain disruption, and a deepening cost-of-living crisis

The BNPL treadmill – genuine financial aid or a new mask for predatory Payday loans?

During the Covid-19 pandemic and resulting lockdowns, jobs losses and employment instability caused the Buy Now, Pay Later (BNPL) sector to flourish as consumers looked for ways to spread the cost of purchases.

International Women’s Day: four women leading the way in retail

To mark International Women’s Day, Alexandra Leonards spoke to a group of women leading the way in retail about the hurdles they have faced, their career highlights, and asked them what advice they’d give to future generations of women.

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.

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