M&S issues apology and removes Christmas ad post after backlash

Amazon reveals plans to close physical retail clothing stores; eBay debuts new streetwear pop-up shop in NYC; and Sainsbury's pre-tax profit drops 27% in first half of 2023/24 

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 06, 2023 | Up-to-date international news and features on the global retail industry Spotlight M&S issues apology and removes Christmas ad post after backlash The retailer's Christmas advert post on Instagram was perceived to resemble the burning of the Palestinian flag Got a minute? We've got 4 quick questions for you! How likely are you to recommend this newsletter to a friend or colleague? 0 - Not likely 0 1 2 3 4 5 6 7 8 9 10 10 - Very likely Latest news Amazon reveals plans to close physical retail clothing stores The Amazon Styles stores in Glendale, California and Columbus, Ohio will close on 9 November 2023. eBay debuts new streetwear pop-up shop in NYC The new retail shop on Canal Street will feature on-site authentication by eBay's streetwear experts in a push against counterfeit goods. Sainsbury's pre-tax profit drops 27% in first half of 2023/24 The retailer's basic earnings per share dropped by 46% to 6.6p over the period. NRF forecasts 2023 US holiday sales to grow between 3% and 4% Retailers are expected to hire between 345,000 and 450,000 seasonal workers for the holiday period. Geissler's improves checkout experience with Instacart's Caper Carts The AI-powered carts will enable customers to shop and pay from anywhere in the store. Crocs posts revenue growth of 6.2% in Q3 FY23 The company expects adjusted diluted EPS to be between $11.55 and $11.85 for the full year 2023. AI skills can increase worker salary as much as 40%, says study Dr. Fabian Stephany, research lecturer in AI at the Oxford Internet Institute, says he is doubtful that AI would entirely replace the human workforce. Read more news In-depth read Luxury goods, digitalization, and personalization identified as key drivers of the duty-free retail market The global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. GlobalData network Packaging Gateway   |   Just Style   |   Just Drinks   |   Just Food Thank you for reading. Please send any news or comments to: consumer.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial consumer.editorial@verdict.co.uk Advertise with us Click here About Retail Insight Network retail-insight-network.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London