We're recruiting new trustees. Find out from our current Vice-Chair @RetailDetail what it's like being a Board member for OL and how the Board supports our work
#OLTeaBreak#trustee#WomenonBoards
https://t.co/IccIysvECS
During this period of growth in e-commerce and focus on D2C strategies, is there still value in department stores and retailers? Connect with Rebecca Saunders at International Manufacturers & Distributors Forum 2023 to find out: https://t.co/fktKQeQdBy #AMon#IMF2023#Retail
How much money would be saved (or made) if for one week out of every year, every executive for brands with stores were required to work as a frontline retail employee?
At least there's a winner. After the one-two blows of Pandemic/CoL crisis, it's...health & beauty, followed possibly by clothing & footwear, boosted by the cold snap. Online is giving up nearly all its Pandemic gains. The recessionary "lipstick effect" appears to be the victor.
More retailers are charging customers to return holiday items this year. Sometimes they're even refunding the purchase price without asking for the item back. The message: You might not want the gift, but we don't either. https://t.co/R4u2idTcWY
Only 5 days into 2023 and we've had massive Amazon layoffs, a bankruptcy warning from Bed Bath & Beyond (though has been brewing for ages), 20% of staff laid off at Stitch Fix, Walgreens posting a $3.7bn quarterly loss, Victoria's Secret CEO exiting, Macy's announcing closures!
Such a significant drop in high street footfall - and with continuing train disruption this week and Royal Mail strike impact, even if consumers want to spend it's increasingly hard for them to do so before Christmas π
Strikes and cold weather hit retail footfall last week. Down 0.9% year on year - down 10 .2% on high streets- and down 20.1% vs 2019, traffic monitor Springboard reports.
My views on @Etsy given cost of living increases - and my longer term prognosis for the business - in this @BBCNews article here: https://t.co/mCUkgOKwFg. Etsy need to focus back on their core (unique) business mode & international, and in doing so should continue to succeed.
Interesting to look at today's UK retail sales & which channel shift to online has stuck, vs which was transitory. Apparel now back at pre-CV19 trend, household goods still a bit above, but reverting to trend. Food is the area where behavioural shift has held (up 2.5ppt on trend)
New job alert - after many years in independent consultant, I'm excited to have joined the Consumer & Retail Group at @alvarezmarsal: https://t.co/ex1E0EuOn8