All articles by Grace Bowden – Page 10
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AnalysisCan John Lewis make a small-format department store work?
The retailer has announced plans to introduce a new store format, but is it what the UK high street really needs?
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AnalysisAnalysis: Who will succeed Roger Burnley at Asda?
Following weeks of intense speculation, Asda chief executive Roger Burnley has confirmed he will be stepping down next year.
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GalleryIn pictures: The Very Group unveils refurbished HQ ready for hybrid working
The Very Group’s headquarters have been refurbished to “create the optimum team working space” for the group’s 2,100-strong head-office workforce when they return later this year.
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NewsIn The Style makes stock market debut as Deliveroo prepares for float
In The Style has launched on the London Stock Exchange’s junior AIM market today as Deliveroo unveiled further details of its upcoming IPO.
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NewsPret ties up with Tesco for first foray into supermarket food
Pret a Manger has struck a deal with Tesco to sell a range of its frozen croissants in 700 of the grocer’s stores.
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NewsStore closures hit record high of 48 per day in 2020
More than 17,500 stores closed in 2020, marking the biggest decline in shop numbers in over a decade.
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AnalysisWatch: John Lewis, Dixons Carphone and Watches of Switzerland’s virtual shopping reviewed
Virtual shopping has become increasingly common over the past year as retailers try to bring staff expertise and service to the online shopper. How do the services offered by some of retail’s biggest chains compare? And do they match up to the in-store experience? Grace Bowden reports.
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NewsZara owner Inditex posts sales and profit fall in ‘challenging year’
Fashion giant Inditex’s executive chair Pablo Isla said the business has “emerged stronger” from the coronavirus pandemic despite suffering a slump in full-year profits.
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NewsFrasers Group’s Evans Cycles to axe 300 jobs in cost-cutting drive
The Mike Ashley-owned Evans Cycles is cutting 300 jobs and moving the remainder of its staff to zero-hours contracts in a bid to cut costs.
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GalleryStore gallery: Amazon unveils first UK store in fresh assault on grocery sector
Amazon has unveiled its new format convenience grocery store in London today, Amazon Fresh, which marks the online giant’s first foray into bricks-and-mortar retail outside of the US.
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DataData: Grocery sales surge in February as online share hits record high
Grocery sales registered the strongest increase last month since June 2020 as Ocado and Iceland both delivered substantial growth.
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NewsMorrisons snaps up Cornish seafood supplier for undisclosed sum
Morrisons has become the first UK grocer to own a fishing boat after acquiring its longstanding seafood supplier Falfish.
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NewsVirgin Wines makes stock market debut after successful float
Virgin Wines will begin trading on the London Stock Exchange’s junior AIM market at 8am today following a £110m valuation.
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NewsMatchesfashion chief executive Ajay Kavan exits
Matchesfashion boss and former Amazon executive Ajay Kavan has exited the business with immediate effect after a year in the role.
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NewsHalfords to repay furlough cash as cycling sales soar
Halfords is set to pay back its furlough payments in full as trading so far this year has been “stronger than initially anticipated across the business”.
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NewsBoots plans to axe 300 roles at Nottingham HQ
Boots is set to cut 300 jobs across various functions at its Nottingham head office as it grapples with “changing consumer behaviours” in the wake of the coronavirus pandemic.
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NewsPrimark loses £1.1bn in sales due to lockdowns
Primark estimates that non-essential retail closures across its global store estate cost the business £1.1bn in lost sales in the first half of its financial year, but expects the period after lockdown ends to be “highly cash generative”.
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DataRanking: The UK’s 50 most vibrant retail locations
Coronavirus has wreaked havoc on the ranking of retail’s most vibrant shopping locations, with a swing away from city centres and towards smaller commuter towns in 2021.
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NewsIkea full-year sales fall cushioned by strong online growth
Ikea has reported a decline in full-year sales across its UK business, but boss Peter Jelkeby praised the retailer’s accelerated transformation.
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AnalysisRetailers wary of April 12 timeframe for store reopening
Retailers have voiced disappointment that they will not be able to fully open their doors again before April 12 and concerns about the possibility of the post-lockdown timeframe changing again.