All articles by Grace Bowden – Page 23
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NewsOcado shareholders revolt over £88m bonus scheme for bosses
Nearly a third of Ocado investors voted against the business’ plans for a pay rise and £88m bonus payout for its top brass.
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VideoFace time: JD Sports boss Cowgill slams CMA’s ‘reckless’ Footasylum ruling
JD Sports’ executive chair Peter Cowgill speaks to Retail Week about the CMA’s ‘pre-judged’ decision to block its acquisition of Footasylum, despite the operational challenges faced by all retailers as a result of the coronavirus pandemic.
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AnalysisAnalysis: Coronavirus – the devastating impact on fashion’s supply chain
As shuttered fashion retailers cancel orders, suppliers around the world face a bleak future. Grace Bowden looks at the impact of the coronavirus crisis on retail’s supply chain.
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NewsHolland & Barrett poaches McColl’s finance boss
Holland & Barrett has snapped up McColl’s chief financial offer Robbie Bell for the same role.
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NewsWilko profits and sales fall in ‘incredibly difficult’ year
Wilko has reported a slide in full-year pre-tax profits and a fall in sales, which it attributed to the “challenging” UK retail environment, Retail Week can reveal.
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NewsM&S bolsters non-exec team with two new appointments
Marks & Spencer has added former Saatchi and Saatch chief executive Tamara Ingram and Compass executive director Sapna Sood to its non-executive board.
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NewsIntu could lose control of key shopping centres
Bondholders of debt secured against retail property giant Intu are preparing plans that could see them seize the retailer’s key assets as early as June.
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NewsSainsbury’s full-year profits dip, coronavirus prompts grocery sales surge
Sainsbury’s has reported a decline in underlying full-year profits as it plans to incur £500m in additional costs due to coronavirus in the coming financial year.
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VideoFace time: Dreams boss Mike Logue on Covid-19 triggering digital investment
Dreams chief executive Mike Logue talks about moving from two-man to two-van delivery, repurposing its factory to produce PPE and other operational changes brought on by coronavirus in recent weeks.
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NewsCoronavirus: JD Sports boss Cowgill takes 75% pay cut
JD Sports has launched a range of cost-cutting measures and delayed the publication of its preliminary results amid the coronavirus pandemic.
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NewsSharpest decline in retail sales on record as store closures bite
The Office for National Statistics (ONS) has recorded the steepest decline in retail sales in March since the tracker was launched in 1996.
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NewseBay teams up with NHS to bolster healthcare staff access to PPE
eBay has been drafted in by the NHS to build a dedicated portal on its website from which healthcare workers across the UK can order personal protective equipment (PPE).
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NewsDFS raises £64m in new equity, braces for lockdown to last until December
DFS has raised £64m in its equity fundraising round, which the furniture retailer said will give the business headroom should the lockdown last “to December 2020”.
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NewsTed Baker snaps up former Next chair John Barton
Ted Baker has appointed easyJet chair John Barton as its new chair, with the experienced executive set to join the struggling fashion retailer’s non-executive board in July.
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NewsMoss Bros buyer attempts to retract offer amid coronavirus disruption
Crew Clothing owner Brigadier Acquisition Company is aiming to have its offer the acquire Moss Bros in a £22.6m deal lapse.
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NewsBoohoo full-year sales and profits soar in ‘great’ year
Boohoo has reported a strong rise in its preliminary sales and profits as boss John Lyttle said the coronavirus pandemic had highlighted the “key strengths” of the business.
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NewsCoronavirus: John Lewis Partnership braces for full-year sales slump
The John Lewis Partnership has forecast that its full-year sales decline could double at John Lewis and slide at Waitrose despite the current coronavirus-induced surge in grocery sales.
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NewsAlibaba aims to add 1,000 new international brands to Tmall
Alibaba has unveiled plans to ramp up the number of international brands on its Tmall Global marketplace, pledging to add 1,000 over the next 12 months.
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NewsHalfords transfers 11 Cycle Republic stores to Pure Electric
Halfords has agreed to transfer the ownership of half of Cycle Republic stores to specialist retailer Pure Electric, saving 85 jobs.
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AnalysisLeading through coronavirus: the action retail bosses should take
These are unprecedented times when assertive leaders are needed more than ever. But how can retail bosses bring calm, confidence and certainty to staff in what is an inherently uncertain period?