DemandTec by Acoustic announced the appointment of Todd P. Michaud as its new CEO to accelerate the organization’s growth and market leadership. DemandTec offers leading end-to-end, AI-powered lifecycle pricing solutions.
This CEO appointment comes at a critical time when retail executives globally are facing many challenges such as supply chain disruptions, rising costs and inflation.
Michaud brings more than 25 years...
Takeaway logistics company Deliveroo doubled the number of orders it received through its app in the first six months of the year.
The business said it took 148.8 million orders in the half, up from 74.5 million in the same period last year.
It also reported a doubling of gross transaction value, to nearly £3.4 billion.
The business has been boosted by...
Wealthy households unable to spend the cash they saved during the pandemic on expensive meals and overseas holidays have been snapping up posh watches instead, according to the boss of the UK’s biggest Rolex seller.
Watches of Switzerland chief Brian Duffy executive told the PA news agency that customers have opted to treat themselves, helping sales at the business to...
Klarna, the global banking, payments and shopping service, is launching an experiential activation in the heart of Manchester to raise awareness amongst consumers and influencers regarding social media advertising guidelines.
The activation, a pop-up double-decker bus located in Manchester’s popular Spinningields, aims to increase awareness of current social media rules, and help consumers recognise when they’re seeing an advert. Klarna’s bus...
Covid-19 hit the retail sector hard.
Shops were closed. Consumer spending shifted online. High street stalwarts struggled or, in the case of Debenhams, collapsed.
Even with the vaccine rollout well underway and lockdown now behind us, shoppers are yet to return to the high street in the same numbers. Footfall was down by one third in July on the same month...
More and more people have been exchanging their daily trek through London’s transport system for an invigorating bike ride – a trend which accelerated during the Covid crisis with demand for bikes soaring.
Now, with many Londoners facing a post-lockdown return to the office and their usual commute, Swapfiets, which means 'swap bike' in Dutch, is offering an affordable, healthy and...
Takeover regulators have extended the battle for supermarket Morrisons by a further two weeks, giving a US suitor more time to make a bid.
Clayton, Dubilier & Rice will have until 5pm on August 20 to either say what it wants to offer for Morrisons, or to walk away.
CD&R had originally been turned down by the Morrisons board over a...
Asda boss Roger Burnley has left the supermarket giant following the completion of its £6.8 billion takeover.
Mr Burnley announced plans to step down as chief executive in March but originally said he intended to stay at Asda until 2022 when a successor is in place.
The supermarket said on Friday that he has now left his role after a “transition...
The private equity-backed consortium vying to buy Morrisons has increased its bid for the supermarket chain to £6.7 billion amid speculation of a rival bid.
The consortium led by US private equity firm Fortress has increased its previous offer, which had been agreed by management at the Bradford-based retailer, by £400 million.
The bidder said it increased its offer amid “speculation...
The use of the internet has surged to new heights in recent years. With more users searching and making purchases online, businesses are in need of quick information. Data centres are facilities where masses of data can be stored and processed. They are vital in delivering a high performance of service for any business.
Data centres enable the delivery of...