Online car retailer Cazoo files for administration in UK

M&S reports 41.4% rise in PBT for fiscal year 2023/24. Walmart expands Neighborhood Market format with larger stores. And Lowe's reports $1.8bn in net earnings for Q1 FY24.

Forward this email  |  View in browser Retail Insight Network In Brief May 23, 2024 SPOTLIGHT READ Online car retailer Cazoo files for administration in UK  The administrators will pursue sale transactions for the remaining assets of the company. Got a minute to spare? Take part in our research by answering our poll: Answer our poll question LATEST NEWS M&S reports 41.4% rise in PBT for fiscal year 2023/24 The retailer's statutory revenue reached £13.04bn, a 9.3% rise from £11.93bn in 2022/23.   Walmart expands Neighborhood Market format with larger stores The new stores feature a footprint of 57,000ft², larger than the Neighborhood Market average of 40,000ft².   Lowe's reports $1.8bn in net earnings for Q1 FY24 The retailer's total sales for the quarter were $21.36bn, a 4.4% decline from the same quarter of the previous year.   UK retailers must capitalise on £700m Father's Day 2024 opportunity According to leading data and analytics company GlobalData, the UK Father's Day market is less than half that of Mother's Day.   Rakuten and eBay to trial demand for used Japanese fashion in US The partnership will consider a full-scale launch based on the reaction to the trial.   Why retailers must embrace automated AP in 2024 Facing a tough year with slow growth and various other challenges, smart retailers are adopting automation to stay ahead.   Migros Supermarket begins restructure to cut 150 jobs  The company is aiming for simplified processes, lean structures and clear roles. Read more news IN-DEPTH READ Future of Physical Retail   GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers. 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