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Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Online meets in-store as 70% of consumers prefer omnichannel shopping - report

Choosing between physical and online retail isn't an issue for global consumers with most choosing omnichannel and actively combining the physical with the virtual, using phones in-store for research and for e-shopping.
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Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Hyve fast-tracking to post-Covid recovery, sells Turkish events arm

Within days of issuing a positive trading update to shareholders, Hyve Group was back with further details of its progression, with trading for the year ended 30 September showing a “full revenue recovery”.
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Footfall tracker Springboard acquired by MRI Software

Footfall tracker Springboard acquired by MRI Software

UK retail footfall specialist Springboard has a new owner. US-based real estate software specialist MRI Software has bought the business for an undisclosed sum.
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Metaverse consultant Metav.rs raises €3 million

Metaverse consultant Metav.rs raises €3 million

The French company, which advises brands on developing and commercialising NFTs and on setting up their own ‘miniverse’, has announced it raised €3 million to fund its growth.
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Bazaarvoice launches new Influenster app for UGC and authentic reviews

Bazaarvoice launches new Influenster app for UGC and authentic reviews

​Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
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Shopper spend on non-essentials to drop 20%+ this Christmas - report

Shopper spend on non-essentials to drop 20%+ this Christmas - report

It’s going to be a tougher-than-expected Christmas trading period, if one report is to be believed. UK shoppers are likely to spend 22% less on non-essentials in the festive run-up and other markets will see drops too. 
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Lee to replace Blundell as Grosvenor’s CFO

Lee to replace Blundell as Grosvenor’s CFO

Roger Blundell is to step down as chief finance officer at Grosvenor before the end of the year with Debbie Lee promoted to take over as CFO from January 2023. However, he will move into non-executive and advisory roles.
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John Lewis takes deeper dive into sustainability

John Lewis takes deeper dive into sustainability

The John Lewis Partnership is setting itself some lofty targets on the sustainability front, saying that “we’re going back to our roots and focusing our efforts on protecting and restoring nature”.
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Trouva owner Made.com is in talks with several potential bidders

Trouva owner Made.com is in talks with several potential bidders

​Furniture retailer Made.com — which has also owned Trouva since the spring — may be facing a sea of troubles as its losses widen, but the up-for-sale business still seems to be in demand.
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Ted Baker to open at Basingstoke's Festival Pace

Ted Baker to open at Basingstoke's Festival Pace

Global lifestyle brand Ted Baker is continuing its expansion programme, signing a 10-year lease on a 3,300 sq ft store at Basingstoke centre’s 1.1 million sq ft Festival Place.
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Curated Makers to open Battersea Power Station pop-up

Curated Makers to open Battersea Power Station pop-up

Curated Makers, a retail concept that links local independent artists and product makers with the high street, will debut its first pop-up store in London at the rebirth of Battersea Power Station on 14 October. 
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Events recovery picks up pace as Hyve secures new financing

Events recovery picks up pace as Hyve secures new financing

Hyve Group is returning to pre-pandemic normality with the international exhibitions organiser saying the pace of in-person event recovery in FY22 has “exceeded anticipated levels”.
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Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers on track to own more than half of MySale, but still short of 75%+ target

Frasers is doubling down on its efforts to get MySale shareholders to accept its buyout offer as it also says it’s on the verge of owning more than half of the firm’s shares, even though it’s still well below its target.
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Reports suggest UK shopping tourism booms as pound value drops

Reports suggest UK shopping tourism booms as pound value drops

​Anecdotal evidence suggests that while the plunging value of the pound may be bad news, it has an upside. American tourists are taking advantage of the situation to book shopping trips to the UK.
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Joules says progress being made, no specific comment on CVA reports

Joules says progress being made, no specific comment on CVA reports

Under-pressure retailer Joules on Friday responded to press reports that it’s considering a CVA with a stock exchange statement that neither confirmed nor denied the news.
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UK furniture retailer Made.com posts wider half-yearly loss as costs rise

UK furniture retailer Made.com posts wider half-yearly loss as costs rise

Made.com reported wider half-yearly losses as the British online furniture retailer struggled with higher costs and heavy discounting.
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