CBI survey indicates sharp decline in UK retail sales for April 2024

IKEA Canada announces further price cuts on 800 products. Boots takes top spot for cruelty-free beauty in the UK. And Hugo Boss to divest Russian business to Stockmann.

Forward this email  |  View in browser Retail Insight Network In Brief April 26, 2024 SPOTLIGHT READ CBI survey indicates sharp decline in UK retail sales for April 2024   Retailers anticipate the decline to continue next month but at a lower rate of 19%. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS IKEA Canada announces further price cuts on 800 products The reductions extend to select lighting products, home textiles, cookware and many more.   Boots takes top spot for cruelty-free beauty in the UK UK health and beauty retailer reigns supreme with most Leaping-Bunny approved products at budget-friendly prices.   Hugo Boss to divest Russian business to Stockmann The deal includes terms to preserve all jobs at the Russian Hugo Boss division.   Hungary's government threatens to sue SPAR over alleged defamation SPAR alleged that that a special tax imposed by Hungary in 2020 discriminates against foreign retailers.   Jefferies, JP Morgan and PwC lead M&A financial advisers in Q1 2024 Jefferies and JP Morgan advised deals worth $1bn each while PwC led in terms of volume with three deals.   Apple introduces 'Made for Business' training in select global stores The programme will teach small business owners, retailers, and entrepreneurs how Apple products and services can support their growth.   Carpetright cyberattack emphasises the importance of cybersecurity investment Hackers targeted the company's head office, deploying malware to gain unauthorised access to systems. Read more news IN-DEPTH READ Airport Retailing Market Overview   Per GlobalData, the airport retailing market was valued at $35.2 billion in 2023. The market benefited from an increase in air traffic, and airport retailers capitalized on this by expanding their presence across different markets. Furthermore, airport retailers adopting innovative omnichannel initiatives will support the market growth recording a CAGR of >9% during 2023-2028. 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