Major UK retailers call for protection of workers against abuse

Foot Locker launches global platform celebrating sneaker culture; China's Large Retail Purchaser Alliance grows with new signings at CIIE; and Lidl GB publishes fourth 'Good Food' report 

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 14, 2023 | Up-to-date international news and features on the global retail industry Spotlight Major UK retailers call for protection of workers against abuse Research revealed that two in five retail workers are subjected to abuse from customers on a weekly basis. Latest news Foot Locker launches global platform celebrating sneaker culture Accompanied by a star-studded 2023 holiday campaign, Foot Locker's latest initiative aims to position the company as the central hub for sneaker enthusiasts. China's Large Retail Purchaser Alliance grows with new signings at CIIE The signing ceremony was as one of the supporting events of the 6th China International Import Expo. Lidl GB publishes fourth 'Good Food' report The report provides an update on the retailer's progress towards meeting key environmental targets between March 2021 and February 2023. New IKEA City store to open in Brighton, England The new store will be located on the site of the former department store Debenhams. Signal: Amazon strengthens as market weakens, with cost-cutting and renewed shopper focus Cost optimisations, including extensive layoffs, slower hiring rates, and logistics "regionalisation", have helped to boost Amazon's operating margin from 2% to 7.8%. Capri records gross profit of $832m in Q2 FY24 Tapestry proposed to acquire Capri in a nearly $8.5bn deal, which is expected to compete in the FY24. RP of India's Future Retail files for liquidation Earlier, the Committee of Creditors rejected a resolution plan submitted by sole bidder Space Mantra. Read more news In-depth read Ecommerce market dynamics The emergence of ecommerce has made it imperative that companies understand consumer behavior, deliver personalized service, and offer competitive pricing models. Ecommerce giants like Alibaba and Amazon dominate the space, supported by huge customer bases, robust mobile payment platforms, and technology expertise in areas like AI. Smaller players focus on disruptive business models, such as subscription services, to make their mark. Per GlobalData, the ecommerce market was valued at $5.9 trillion in 2022 and is expected to grow at a CAGR of >9% by 2027. 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