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M&S records strong financial year as it exits Russia for good


By Alexandra Leonards

Pre-tax profits at Marks & Spencer (M&S) jumped to £522 million in its latest financial year, compared to £403 million before the pandemic.


Cost-of-living crisis drives down Ocado sales

Ocado has said that slower growth in consumer purchases and lower average basket sizes has pushed its retail sales down by 8 per cent in the second quarter. This compares to a decline of 5.7 per cent recorded earlier in the financial year.

Nomagic complete $22m funding round

Nomagic, a Polish start-up which has built a robotic arm for use in e-commerce and retailers’ factories, has completed a $22 million funding round. Led by Silicon Valley-based fund Khosla Ventures as well as Almaz Capital from Berlin and the European Investment Bank, the latest funding round brings Nomagic’s investment to over $30 million following an initial funding round totalling $8.6 million in 2021.

Asda revamps order management

Asda is continuing its retail transformation plans with new order management technology. The supermarket retailer chose the new tech, from Blue Yonder, to modernise its order management.

boohoo replaces legacy tech to speed up product launches

boohoo is ditching its legacy ERP system and replacing it with new Product Information Management (PIM) technology.
Very partners with Amplience for CMS transformation

The Very Group is partnering with Amplience to transform its digital content management system (CMS). The clothing and homewares retailer said adoption of Amplience’s Dynamic Content Solution will enable it to simplify and speed up the process of managing their digital content across its brands and devices.

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eBay opens ‘sneaker’ store in US

eBay has opened a bricks and mortar store for pre-owned trainers in LA. The e-commerce giant said the ‘Wear ‘Em Out’ store, which will be open on memorial day weekend on FairFax Avenue, will reward so-called ‘sneakerheads’ for wearing their new purchase out of the store.

Klarna to slash workforce by 10%

Klarna has said it will cut the number of employees by 10 per cent because of the current volatile economic environment.

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

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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