All articles by Grace Bowden – Page 2
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DataRanking: The top 20 retailers to work for in the UK in 2022, according to employees
Recipe box subscription business Mindful Chef, which focuses on healthy eating, has emerged as the top retailer to work for in the UK, according to employee reviews.
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NewsShopify lays off one in 10 employees as bet on post-pandemic growth backfires
Canadian ecommerce firm Shopify is set to lay off approximately 1,000 employees after founder and CEO Tobi Lütke said the business made the ‘wrong’ bet on the long-term growth of online retail post-pandemic.
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NewsTHG and Softbank scrap $1.6bn investment deal
A call option agreement for a division of Japanese investment titan Softbank to acquire a $1.6bn (£1.3bn) stake in THG’s Ingenuity division has been terminated.
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NewsIn The Style edges to a loss despite strong sales growth
In The Style fell into the red with its first full-year results as a listed company, as boss Sam Perkins warned that the year ahead would be “a challenging one for consumers and retailers” and lead to widening losses.
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NewsWaitrose launches food hall partnership with Dobbies to drive convenience ambitions
Waitrose has teamed up with Dobbies to roll out a dedicated food offer across 50 of its garden centres over the next two years.
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NewsMade.com and Hotel Chocolat issue profit warnings
Made.com and Hotel Chocolat have both issued warnings over their profits, with the furniture retailer citing supply chain costs and low consumer confidence while the confectionary business plans a transitional year to focus on its most profitable markets.
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NewsTesco, Aldi and Morrisons team up for town-wide digital recycling trial
Tesco, Aldi and Morrisons are among the retailers taking part in a recycling trial in Welshpool, Powys, which is believed to be the largest trial of a digital deposit return scheme to date.
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NewsAmazon to create 4,000 new UK jobs this year
Amazon has said it will create more than 4,000 new jobs this year, which will make it one of the UK’s top 10 largest private sector employers.
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NewsBurberry sales rise as domestic spend surpasses pre-pandemic levels
Burberry has posted a modest uplift in first-quarter sales as a decline in revenues in mainland China was offset by demand from shoppers across Europe, the Middle East, India and Africa.
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GalleryStore gallery: Nike brings tech and tailoring to London with Rise store format
Nike’s first Rise store concept in EMEA has debuted in London and is aimed at connecting real-time shopper data with unique in-store experiences.
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GalleryStore gallery: Gymshark unveils ‘safe space’ barbershop pop-up
Gymshark has opened a new barbershop pop-up format called Deload, which is aimed at helping men talk about their mental health.
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NewsNine in 10 UK retail chairs expect consumer spending to fall over next year
Ninety-five per cent of UK retail chairs forecast a drop in shopper spending over the next year, as Boots’ parent company chair Stefano Pessina said the UK would likely have a “bigger” recession than other EU countries.
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NewsExclusive: Freshly Cosmetics shutters Carnaby Street store after six months
Spanish beauty brand Freshly Cosmetics has closed its store on Carnaby Street, London, after just six months of trading.
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NewsOcado raises £575m to fund expansion of its tech division
Ocado has successfully raised £575m through a share placement as the company seeks to capitalise on the growth of its technology arm.
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NewsGymshark poaches The Very Group’s marketing chief
Gymshark has appointed The Very Group’s chief marketing officer Carly O’Brien to drive its brand marketing strategy.
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NewsNearly 650,000 retail jobs lost over last five years
Over half a million retail jobs have been lost and over 70,000 stores closed across the UK since 2017, according to new figures.
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NewsMorrisons owners mulls £600m warehouse sale
The private equity owners of Morrisons are considering a sale of its food production arm as costs across the grocer bite.
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NewsProCook warns on profits as shoppers ‘tighten their belts’ amid cost-of-living crunch
ProCook has said sales and profits for its current financial year will be behind previous forecasts as shoppers face “exceptional pressures on discretionary spend”.
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NewsReliance and Apollo team up to lodge £5bn binding bid for Boots
Reliance Retail and Apollo are understood to have made a formal offer for Boots, which would allow current owner Walgreens to retain a significant minority stake.
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NewsPoundland parent’s sales and profits rise as UK shoppers rein in ‘essential’ spending
Poundland owner Pepco Group has said UK shoppers are “scaling back even on essential purchases” amid the cost-of-living crunch.