#retailnews

[secretstalks]

Lord Rose’s Perspective on Mohsin Issa’s Leadership at Asda: Should He Step Down?

Lord Stuart Rose, chair of Asda, has expressed his embarrassment over the supermarket chain's recent decline in market share, calling for co-owner Mohsin Issa to step back from the daily operations of the retailer. In an interview with The Telegraph, Rose candidly admitted his dissatisfaction with Asda’s performance, saying, "I’m going to be completely honest with you. Having been in this industry for a long time, I feel somewhat embarrassed. I won’t deny it."

Rose’s comments come on the back of a report showing a 2.2% decline in Asda’s quarterly sales and a 5.3% drop in like-for-like sales. The retailer’s market share has slipped from 13.6% to 12.7%, losing ground to rivals such as Tesco, Sainsbury’s, Morrisons, and discount chains, according to Kantar data.

Rose suggested that Mohsin Issa, who co-owns Asda alongside TDR Capital, should distance himself from day-to-day operations to help turn around the company’s fortunes. “I would not advise him to get involved in operations, and I am the chairman,” Rose remarked. He emphasized that while Issa has been a disruptive and entrepreneurial force, the current phase of the business requires a different approach.

TDR Capital holds a 67.5% stake in Asda, with Mohsin Issa owning the remaining 22.5%. His brother Zuber Issa, who previously held a 22.5% share, exited earlier this year to focus on other ventures. Walmart retains a 10% stake in Asda, having sold the majority of its holding in 2021 when the Issa brothers acquired the chain for £6.8 billion.

In response to the challenging performance, Asda’s Chief Financial Officer, Michael Gleeson, outlined the company’s plans to revamp its store estate, increase staff hours for better shelf replenishment, and strengthen consumer loyalty.

Read More

[diginyze]

Next-Level Shopping: Unlocking the Potential of AR in Retail

Swipe, select, see - Augmented Reality is changing the game for online shopping!

Ever imagined trying on clothes or visualizing furniture in your home with just a click?

AR adds a whole new dimension to buying online.

Our latest blog post takes you on a fascinating journey of AR in retail.

[micheelm]

H&M Sues Fast Fashion Rival Shein for Copyright Infringement

[newsandmagazine]

[jamesjaco]

[magazinepub]

[piyusha30]

Bed Bath & Beyond's Bankruptcy: The Changing Landscape of Retail in the Digital Age | RetailNews | BankruptcyAlert | BedBathandBeyond | ChangingRetailLandscape | OnlineShoppingChallenges | JobLossesInRetail | AdaptingtoDigitalAge | BrickAndMortarStruggles | RetailRestructuring | ConsumerBehaviorShifts|

Bed Bath & Beyond, a popular home goods retailer, has announced its plans to file for bankruptcy. The company, which has been struggling financially for some time, will close hundreds of stores as part of its restructuring efforts. The bankruptcy comes as no surprise to industry experts, who have been watching the retailer struggle to compete with online retailers such as Amazon. Bed Bath &…

[retailboss]

How To Get Your Product Into Ulta Beauty Stores

Are you looking to get your product onto the shelves of ULTA? There is no better time than now for product-based business owners to sell product to beauty retailers.

Ulta Beauty is committed to 15% Pledge by more than doubled the number of Black-owned brands and investing $8.5 million to brand marketing support for Black-owned, Black-founded and Black-led brands within their assortment, more than doubling last year’s investment.

Curating & Nurturing Diverse Assortment

In 2021, ULTA proudly joined the 15% Pledge and more than doubled the number of Black-owned brands in our unparalleled assortment. ULTA will continue building upon our work to help diverse leaders, founders and entrepreneurs thrive in the beauty industry. Launch a Brand Partner Accelerator Program focused on early-stage BIPOC beauty brands. We will provide time, resources and mentorship to educate, inspire and support brand development for retail readiness.

To offer founders of color greater access, capital and expertise, we will invest $5 million in New Voices, a venture capital firm that partners with and invests in entrepreneurs of color to drive scalable, sustainable businesses and create generational wealth. As the VC’s beauty retail partner, we will provide priority access to shelf space, merchandising and marketing support.

Allocate $3.5 million to in-store merchandising support so guests can more readily find the Black-owned, Black-founded and Black-led brands within our assortment.

Read more about it here: https://retailboss.co/how-to-get-your-product-into-ulta-beauty-stores/

[sgcruz21-blog]

(via Niche at Pearl now carrying men's apparel)

[globalbase]

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[ecommerce-website-builder]

During Covid, nobody wanted to go to shops and buy stuff. Some shop owners took a turn and instead brought the Shop on wheels concept.

The new era of future shopping is here.

It’s all about shopping on the wheels.

https://morecustomersapp.com/blog/shop-on-wheels-era-of-future-shopping/       

[bostonstylehub]

[micheelm]

[billionworship]

Businesses you can start with no money Like ❤️ Comment 💬 Share ⏩ Save 📩 For more amazing posts Follow @billion_worship👈 Follow @billion_worship👈 Follow @billion_worship👈 #retailarbitrage #retailing #retailfashion #retailinteriors #retaillighting #retaildisplays #retailpharmacy #retailrealestate #retaildesigner #retailmarketing #retailrow #retailgang #billion_worship #retailworker #retailmemes #retailjobs #retailnews #retailarchitecture #retailexperience #retailtrends #retailtech #retaildesignblog #retailmanagement #retailmerchandising #retailfixtures #retailstores (at Delhi, India) https://www.instagram.com/p/CRy35iVBkTE/?utm_medium=tumblr