IKEA invests more than £35m to increase staff pay in UK

Applegreen and M&S expand partnership in Ireland; Unity agrees to acquire majority of Mastermind Toys' stores; and Tesco introduces solar power initiative for 100 UK stores

Forward this email  |  View in browser Retail Insight Network In Brief December 06, 2023 SPOTLIGHT READ IKEA invests more than £35m to increase staff pay in UK Starting in 2024, hourly-paid workers will receive a 10% increase and salaried co-workers will see their pay rise by 5%. Answer our poll question LATEST NEWS Applegreen and M&S expand partnership in Ireland The partners will open 60 M&S Food concessions at Applegreen locations in the next ten years.   Unity agrees to acquire majority of Mastermind Toys' stores Mastermind Toys began liquidation sales at 18 stores on 1 December 2023.   Tesco introduces solar power initiative for 100 UK stores The project is part of the retailer's broader commitment to long-term PPAs.   Lidl GB anticipates busy Christmas season Following a trend of early Christmas preparations, evidenced by a surge in sales, Lidl expects the holiday spirit to persist.   Emirati oil casts an inescapable shadow over climate talks at COP28 GlobalData's Energy Monitor reports on the latest wrangling over fossil fuels from COP28 in Dubai.   UK total retail sales rose by 2.7% in November 2023 Growth has slowed as rising living costs trigger consumers to rein in spending on non-essential products.   Signet posts 68.8% decline in net income in Q3 FY24 Sales fell by 12.1% to $1.39bn in Q3 FY24 from $1.58bn in the same quarter of the previous year. 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.  Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Click below to view more from across the network: Packaging Gateway    |   Just Style   |   Just Drinks   |   Just Food        Was this email forwarded to you? Sign up here.   Please send any news or comments to: consumer.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences