All articles by Grace Bowden – Page 15
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NewsSainsbury’s to axe 3,500 jobs as interim sales climb
Sainsbury’s has unveiled strong underlying results at the half-year mark as it revealed plans to streamline its Argos stores estate and shutter food counters in store, putting 3,500 jobs at risk.
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NewsM&S boss Rowe calls for extended Sunday trading before Christmas
Marks & Spencer chief executive Steve Rowe has joined Primark in calling for extended trading hours in the run-up to Christmas.
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AnalysisNightmare before Christmas: bosses of John Lewis, M&S and The Entertainer on lockdown 2.0
It’s the news the industry dreaded. This Thursday so-called ‘non-essential’ retail will be shut down until December 2 in a bid to stem the spread of coronavirus. Many fear chaos, but could click and collect come to the rescue?
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Currys PC World and The Entertainer extend pre-lockdown opening hours
Curry PC World and The Entertainer are both extending opening hours in the run-up to the closure of ‘non-essential’ stores on Thursday.
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NewsPrimark warns second lockdown will cost £375m in lost sales
Primark has said England’s looming second lockdown, alongside closures across other parts of its global estate, means over half of its selling space will be shuttered as of this week.
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NewsJohn Lewis launches Christmas campaign to raise £5m for vulnerable families
The John Lewis Partnership is set to launch a new charity campaign to offer support for more than 100,000 families whose livelihoods and mental health have been impacted by the coronavirus pandemic.
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AnalysisAnalysis: After the most unpredictable year ever, is the five-year strategy dead?
It’s difficult to know what’s going to happen next week, never mind next year. In this environment, can retail leaders work to five-year plans? Grace Bowden investigates.
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NewsM&S ditches Christmas TV campaign for clothing division
Marks & Spencer has axed its TV advertising campaign for its fashion arm this year and will instead focus on its grocery offer.
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NewsEbay raises full-year forecast as third-quarter sales surge
Ebay has reported a strong set of third-quarter results, which chief executive Jamie Iannone said “exceeded expectations on both the top and bottom lines”.
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NewsAsda buyers hit by credit rating downgrade
Asda’s new owners the Issa brothers have had the credit rating on their petrol station chain EG Group downgraded by Moody’s amid concerns about its financial governance and internal controls.
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NewsAmazon kicks off Black Friday deals a month early
Amazon has launched its Black Friday sales event today with deals across all categories, less than two weeks after its delayed Prime Day sales event.
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NewsThe Hut Group ups full-year guidance as third-quarter sales jump
The Hut Group has reported a surge in sales during its third quarter, bolstered by its beauty and nutrition divisions.
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GalleryIn pictures: JD Sports unveils New York flagship
JD Sports has launched a multistorey flagship store on New York’s iconic Times Square in a bid to drive the retailer’s reputation stateside.
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NewsTravis Perkins sales decline despite ‘strong recovery’ of retail arm
Wickes owner Travis Perkins has posted a fall in total sales across its third quarter, but its performance was boosted by resilient sales across its DIY retail divisions.
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NewsSky set to launch network of ‘social hub’ high street stores
Sky is opening a network of high street stores for the first time, with its first outlet set to launch in Liverpool next week despite local lockdown restrictions.
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NewsWalgreens Boots Alliance profits dragged down by UK sales slump
Walgreens Boots Alliance has reported a drop in its fourth-quarter sales and profits exacerbated by a plunge in demand across the group’s UK arm.
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NewsAO.com set for ‘biggest ever’ Christmas as interim sales soar
AO.com has delivered a strong rise in sales across both the UK and Germany as boss John Roberts says accelerated online sales amid Covid-19 have ‘emphasised our strengths’.
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NewsDunelm delivers ‘strong’ first quarter as full-price sales climb
Dunelm has posted a substantial uplift in sales across its stores and online with improved margins driven by strong demand in a ‘buoyant homewares market’.
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NewsDeloitte resigns as Asda buyer EG Group’s auditor
EG Group’s auditor Deloitte has resigned just weeks after the petrol station giant’s co-founders sealed a £6.8bn deal to acquire Asda.
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AnalysisHow Next and Harrods are reinventing the beauty hall
Department store giants Next and Harrods have opened new beauty formats over the past month. Why launch a beauty store in the middle of a pandemic – when face masks are mandatory in many places – and can they shake up the industry?