BRC outlines its vision for the future of UK retail

Lidl GB invests more than £37m in employee pay. Co-op aims to double franchise stores and grow membership. And eBay announces 9% workforce reduction to streamline operations.

Forward this email  |  View in browser Retail Insight Network In Brief January 25, 2024 SPOTLIGHT READ BRC outlines its vision for the future of UK retail The BRC asserts that the industry's size, scale and reach put it in a unique position to make a significant contribution to public policy goals. LATEST NEWS Lidl GB invests more than £37m in employee pay  The new entry level pay rates will be up to 17% above the National Minimum Wage.   Co-op aims to double franchise stores and grow membership  The company aims to increase its member-owners from five million to eight million by 2030.   eBay announces 9% workforce reduction to streamline operations  The decision comes as eBay strives to align staffing and expenses with its business growth,   Australian government directs ACCC to probe supermarket pricing   The inquiry will last 12 months and scrutinise retail prices, competition and supermarket price-gouging allegations.   Puma records FY23 currency-adjusted sales growth of 6.6%   The company has seen a currency-adjusted sales increase above 8%, excluding the peso's extraordinary devaluation, and an EBIT higher than the previous year's €641m.    Maersk and Flying Tiger Copenhagen's retail pact The collaboration highlights retail's potential to significantly cut carbon footprints with innovations like Maersk's ECO Delivery.   UK adds hidden fees and fake reviews to banned practices  Businesses will be required to disclose all mandatory fees upfront, ensuring that consumers have a clear understanding of the total cost at the beginning of their shopping experience. Read more news IN-DEPTH READ Top Themes in Retail and Apparel in 2024   While AI has been used by retailers for some time for tasks such as inventory management and forecasting, GlobalData expects its implementation to accelerate in the coming years, especially in areas such as personalized marketing, customer service, price optimization and supply chain management. 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