Retail news

• Shein and Temu growth rates set to plunge in 2025

  27-10-2024 11:34 via retailgazette.co.uk
  
  Shein and Temu’s growth rates are forecast to drop next year, new data has found.
  A report by research and advisory firm Forrester, which examined retail predictions for 2025, said the ecommerce giants would both witness a “plummet” in growth rates, despite “relentless” digital advertising and high-profile adverts, Retail Week reported.
  The report found that while Shein and Temu were fast-growing, “complaints about quality of goods, unethical production proces
  
  Read more

• Amazon grocery boss Tony Hoggett steps down

  27-10-2024 11:30 via retailgazette.co.uk
  
  Amazon grocery boss Tony Hoggett is stepping down from the etailer to pursue the “next step” of his career.
  Hoggett, who joined the ecommerce giant in 2022 as senior vice president of worldwide grocery stores, was previously Tesco group chief strategy and innovation officer and group chief operating officer.
  During his time at the online behemoth, he sought to revamp the company’s grocery arm and its approach to physical retail.
  He scrapped much of the retailer’s technolo
  
  Read more

• M&S adds self checkouts to changing rooms

  27-10-2024 11:20 via retailgazette.co.uk
  
  M&S is set to add self checkouts to changing rooms across its 180 clothing stores to stop customers from having to queue twice.
  The food and fashion giant said it aimed to have the new technology implemented across more than 100 shops by early 2028, The Telegraph reported.
  The technology will be installed across its whole clothing estate once it has completed a wider store revamp.
  M&S operations director Sacha Berendji said: “We’d like customers to be able to walk straight in
  
  Read more

Follow @retailuknws on Twitter!