All articles by Grace Bowden – Page 21
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AnalysisAnalysis: What’s next for Boohoo, fashion’s new conglomerate?
Boohoo has wasted no time making good on its plan to snap up distressed fashion brands for a song in the post-pandemic retail landscape.
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NewsJohn Lewis under fire for lack of diversity in top ranks
John Lewis has come under criticism for having just six managers across its 158-strong UK-based management team who aren’t white.
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NewsKingfisher unveils new strategy as full-year profits fall
B&Q’s parent company Kingfisher reported a dip in full-year sales and profits as new chief executive Thierry Garnier unveiled new ‘Powered by Kinfisher’ group strategy.
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NewsBoohoo snaps up Oasis and Warehouse as first quarter sales surge
Boohoo has acquired the intellectual property of Oasis and Warehouse in a £5.2m deal alongside posting a jump in first-quarter revenue.
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AnalysisAnalysis: Retail must address its shocking race problem
Just 3% of retail’s leaders are BAME. As the Black Lives Matter movement shines a light on racial inequality, is it time for the industry to take a long, hard look at itself?
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NewsB&M full-year profits and sales rise despite coronavirus disruption
B&M has posted an uplift in full-year profits bolstered by strong sales growth, and reports that revenues throughout the coronavirus pandemic have been “strong”.
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NewsUpdated: Ocado launches £1bn fund raise to capitalise on online shift
Ocado has launched an ambitious bid to raise £1bn in fresh funding to help it capitalise on the “significant acceleration” in online shopping during the coronavirus pandemic.
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NewsPrimark places gagging orders on some landlords amid rental negotiations
Primark has reportedly agreed to pay a select group of landlords ahead of June’s quarterly rent day, but has asked some recipients to sign non-disclosure agreements (NDAs).
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NewsIntu puts administrators on standby ahead of crunch financing talks
Beleaguered shopping centre operator Intu has put KPMG on standby ahead of a fortnight of negotiations with lenders.
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NewsSunday trading laws could be suspended across England
The government is mulling a year-long suspension of Sunday trading restrictions across England in a bid to boost the economy.
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NewsVictoria’s Secret UK division tumbles into administration
Victoria’s Secret’s UK arm has fallen into administration, putting nearly 800 jobs at risk.
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GalleryIn pictures: How international retailers have made stores safe post-lockdown
As the UK prepares to reopen ‘non-essential’ stores on June 15, we look at some of the innovative measures being deployed by retailers that are already back in business across the globe.
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AnalysisAnalysis: As June rent day nears, what will retailers do?
At the last quarterly rent day in March, landlords received a fraction of the rent they were due as stores were forced to close under lockdown. What will happen as rent day approaches this week?
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NewsUS retailers and brands offer support to protests
Some US retail chains have sustained damage and had goods stolen amid protests against police violence against black people, but many have released statements supporting the protestors.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsTesco chief financial officer to step down next year
Tesco’s “outstanding” finance boss Alan Stewart will retire from the grocer next year after six years in the role.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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NewsBoots leans on digital as it prepares to reopen beauty counters
Boots is relying on digital innovation to launch its latest No. 7 product and reopen its in-store beauty counters next month.
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NewsMcColl’s appoints new chief financial officer as it bolsters board
McColl’s has made new appointments to its executive and non-executive board including Giles David as chief financial officer.
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NewsBoohoo snaps up remaining stake in PrettyLittleThing
Boohoo has acquired the minority 34% stake to wholly own PrettyLittleThing shortly after mounting a defence of its ownership of the brand against a short-seller attack.