Sunak’s £5bn plan to rescue high streets from collapse | Rishi Sunak

The chancellor, Rishi Sunak, is to offer 700,000 shops, pubs, restaurants, hotels and other businesses, grants of up to £18,000 each as part of a £5bn rescue scheme to prevent mass bankruptcies. News of the plan – to be announced in Wednesday’s budget – comes as Sunak faces increasing pressure to avoid or postpone significant …

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Survey: Baby boomers have unique needs for cross-border e-commerce

Global e-commerce shoppers who are baby boomers have different expectations than younger groups when purchasing online from international brands.  Baby boomer respondents age 57-75 look for fundamental best practices, such as the use of local language and currency and clear refund policies, at higher rates than younger shoppers, particularly those under 40, according to results of …

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These are the retailers scrapping plastic this Easter

From April, the Co-op will have also removed all plastic forks from its food-to-go ranges, saving 59 tonnes of plastic. While almost everyone enjoys a chocolate egg during Easter, the plastic and cardboard packaging typically accounts for over a quarter of the total weight of the most popular Easter eggs on sale, according to Which?. …

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Fashion sales edge up

Total like-for-like sales across the three categories BDO monitors – fashion, lifestyle and homeware –increased by 0.26% year on year. In the week total in-store like-for-like sales fell 80.8% year on year, while total non-store like-for-like sales soared 178.4%. Footfall fell 61.9% compared to the equivalent week last year. Shopping centres experienced the biggest drop …

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Can Oatly milk it? Oatmilk brand gears up for US stock market | Business

“Here comes the post milk generation” is the slogan emblazoned on the side of the electric trucks of the alt-milk brand Oatly. We will soon find out if that’s true as the Swedish oatmilk juggernaut heads towards a mega US stock exchange listing. The Swedish company said this week it had begun work on a …

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Costco Sets New Minimum Wage at $16 Per Hour

Costco will raise its hourly minimum wage to $16 at the beginning of March 2021, according to CNBC. CEO Craig Jelinek revealed the plans during a Senate budget committee meeting amidst a Congressional debate over a $15 per hour federal minimum wage increase. Costco set its minimum wage at $15 in 2019 and has been …

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Amazon’s India goals aligned to government’s digital priorities, says Amit Agarwal, Retail News, ET Retail

Amazon’s business goals are in line with the government’s long-term priorities of digital empowerment and inclusion, its India head Amit Agarwal told ET in an interview. The US-based ecommerce behemoth has always complied with local laws, he added. Agarwal also reiterated Amazon’s commitment to empowering small sellers on its platform, countering narratives that it favours …

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Outdoor Voices names Urban Outfitters vet CEO

Dive Brief: Outdoor Voices on Thursday appointed Gabrielle Conforti as CEO, according to details emailed to Retail Dive. Conforti joins the direct-to-consumer athletics brand with more than 15 years of retail and apparel experience, including as chief merchandising officer and president of Urban Outfitters. Before that, she oversaw merchandising and buying across multiple categories at J. …

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New Blood Donor Centre opens in Shepherd’s Bush – Retail News – A1 Retail Magazine

First-time and regular blood donors are being urged to make appointments at the new Blood Donor Centre opened this week (Monday 22 February) at Westfield London Shopping Centre, Shepherd’s Bush, London W12 7GF. The new premises, containing six beds, are on the first floor between M&S and The Village.  The centre will book around 170 …

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