Consumer and retail in the news

Issue 512

Here are this week’s top stories in the consumer and retail sector:

Superdry completes £12 million equity raising to fund its turnaround plan
(Retail Gazette) 

Rising demand for travel sees air fares rising at twice the rate of inflation
(Financial Times - you may require a subscription to view this article)

UK government changes animal testing policy to allow makeup testing on animals, after a 25-year ban
(BBC News) 

Footfall in retail dropped by 20.6% on Coronation Day
(Fashion United) 

Prime Minister Rishi Sunak announces fraud strategy, which would ban all cold calls selling financial products
(BBC News) 

Heck Sausages drops at least eight meat-free products due to lack of customer demand for meat alternatives
(Farmers Weekly) 

Investment firm NB Renaissance to buy Italian footwear maker U Power
(Reuters) 

JD Sports to buy France's Courir in €520 million deal
(Business Live) 

Own-label lines and deep discount chains heavily influencing consumer spending across UK
(Produce Business UK) 

M&S deploys new video-based consumer insight to inform product development
(Retail Times) 

Visa partners with Prove to make customer onboarding 79% faster
(Retail Banker International)