Total footfall at UK retailers drops 5.7% YoY in October 2023

Heinz to launch pickle ketchup in US; FIGS launches Its first ever physical retail location; and M&S plans largest-ever store opening month in November 

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 07, 2023 | Up-to-date international news and features on the global retail industry Spotlight Total footfall in UK drops 5.7% YoY in October 2023 Across the UK, England recorded the shallowest YoY footfall drop at 5.3% during the month. 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 Heinz to launch pickle ketchup in US The new condiment is available in select UK retailers and is set to debut on US shelves in early 2024 FIGS launches Its first ever physical retail location The move into physical retail aims to offer healthcare professionals in-person shopping experience while deepening connections within the FIGS community. M&S plans largest-ever store opening month in November The retail giant's ambitious strategy includes the launch of nine new stores, offering a significant boost to local job opportunities. Signal: Why is Asos, the one-time darling of fast fashion, floundering? Beset by a bloated inventory, Shein's market encroachment and inflationary pressures, Asos is fighting to return to profitability. Wickes posts total LFL sales drop of 0.2% in Q3 FY23 The retailer expects to achieve an adjusted profit before tax of between £45.3m ($56.06m) and £49.0m ($60.63m) in FY23. Reliance Beauty purchases Sephora India rights from Arvind Fashions The partnership will provide RRVL with exclusive rights to expand Sephora's presence in India. Currys agrees to divest Kotsovolos to PPC for €200m The divestiture will enable the company to focus on the UK, Ireland and Nordics markets. 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