All articles by Grace Bowden – Page 16
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NewsFrench Connection faces toughest ever trading as losses spiral
French Connection has reported a nosedive in sales and widening losses in what boss Stephen Marks says is ‘the most difficult trading period that the group has ever faced’.
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NewsBoohoo cuts ties with Leicester supplier embroiled in fraud scheme
The director of a clothing supplier with links to Boohoo and Select Fashion has been involved in a money-laundering scheme, an investigation has found.
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GalleryStore gallery: Adidas unveils new London-centric flagship
Adidas has opened its new London flagship store, which is full of artwork commissioned by local artists and nods to the brand’s heritage.
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NewsPoundland acquires Fultons Foods, ploughs £25m into grocery offer
Poundland has snapped up frozen food retailer Fulton Foods for an undisclosed sum and plans to invest £25m into its grocery offering over the next two years.
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NewsVery Group set up for ‘very strong’ Christmas, says boss Birch
The Very Group’s chief executive Henry Birch says the combination of the etailer’s credit offering and fulfilment capabilities set it up for bumper Christmas trading.
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NewsFrasers Group wins shareholder approval for £100m staff bonus scheme
Frasers Group has won approval from its shareholders to launch its first staff incentive programme since 2017.
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NewsSosandar interim sales jump despite ‘challenging’ environment
Sosandar has recorded a surge in sales at the half-year mark as the brand snaps up “significant market share” from its fashion rivals.
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NewsTesco poaches Tate & Lyle CFO as half-year profits and sales climb
Tesco has snapped up Tate & Lyle finance chief Imran Nawaz and reported a strong uplift in interim profits driven by shoppers flocking online during the pandemic and choosing to stock up with bigger shops less often.
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NewsIkea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.
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NewsAnn Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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NewsKingfisher offloads Russian Castorama chain for £73m
Kingfisher has sold its Castorama division in Russia to domestic chain Maxidom in a £73m deal.
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NewsGoogle and Pinterest up the ante to drive festive sales online
Google and Pinterest have launched respective innovations on their platforms in a bid to drive retail sales online during the Golden Quarter.
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NewsHalfords raises profit expectations as sales surge
Halfords has upped its profit expectations for the half-year mark but stresses that economic uncertainty may hamper its second-half performance.
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NewsThe Hut Group snaps up Perricone MD in $60m deal
The Hut Group has bolstered its beauty portfolio with the acquisition of luxury skincare brand Perricone MD.
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NewsThe Very Group appoints new chief data officer
The Very Group has appointed Steve Pimblett for its newly created role of chief data officer.
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NewsAmazon set to launch Prime Day next month
Amazon has confirmed that its annual sales event Prime Day will launch next month after being delayed earlier this year due to the coronavirus pandemic.
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NewsPets at Home raises full-year expectations as sales climb
Pets at Home has said that sustained strong sales growth in its current financial year mean that it now expects profits to exceed market expectations despite wider economic uncertainty.
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NewsIndian giant Reliance Retail mulls Debenhams bid
Reliance Retail, which is owned by India’s richest man Mukesh Ambani, is reportedly considering a bid for part or all of Debenhams.
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NewsTesco’s Dave Lewis calls for post-Covid crackdown on food waste
Tesco’s departing chief executive Dave Lewis has called on companies and countries to tackle food waste, which currently counts for 8% of global greenhouse gas emissions.
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NewsDFS swings to loss as sales slump in ‘disappointing’ year
DFS has fallen into the red in its preliminary results as sale declined, but boss Tim Stacey has stressed that the retailer’s performance has improved since stores reopened.