Amazon tightens control of UK online retail as sales accelerate

UK retail footfall drops 2.8% YoY in January 2024. H&M CEO quits amid profitability challenges. And John Lewis should target Boomers spend after jobs cut announcement.

Forward this email  |  View in browser Retail Insight Network In Brief February 05, 2024 SPOTLIGHT READ Amazon tightens control of UK online retail as sales accelerate The giant is in a strong position to retain appeal among shoppers, with its plethora of discounting events and focus on price. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS UK retail footfall drops 2.8% YoY in January 2024   Across the UK, England registered the smallest YoY footfall drop at 2.6% during the month.   H&M CEO quits amid profitability challenges Helmersson attributed her leaving to increased personal pressures in the role.   John Lewis should target Boomers spend after jobs cut announcement While Millenials and Gen Z are often viewed as the key growth segments, Boomers are still big spenders, and there are things more traditional retailers like John Lewis and Waitrose can do to keep winning their spend.   Amazon reports 12% net sales rise in 2023 The retailer's net income was $30.4bn during the year, recovering from a net loss of $2.7bn in 2022.   Decathlon launches immersive shopping app for Apple Vision Pro  The app allows users to explore the retailer's latest offerings in outdoor and cycling gear.   Privatisation offer made to Indigo by Schwartz-controlled Trilogy   Indigo's board will review the proposal to ascertain the best course of action for the company and its shareholders.   Asda staff in two Brighton stores ballot for strike action  Complaints raised by staff include insufficient hours and delayed responses to health and safety concerns. Read more news IN-DEPTH READ Personalization has grown alongside online retail   Personalization has increased as technologies have advanced, with a retailer's ability to collect, analyze, and utilize consumer data being aided by the effective use of analytics tools. Consumers are also increasingly individualistic, especially Gen Z, and want products that are specifically targeted to their needs and goals. Personalized products are currently especially prevalent in the health & beauty sector, due to the links to the health & wellness trend, which is also particularly important to young consumers.  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