All articles by Grace Bowden – Page 30
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NewsSuperdry profits wiped out as sales fall in ‘year of reset’
Superdry’s recorded a nosedive in pre-tax profits at the interim mark but boss Julian Dunkerton said he was “pleased with the progress” made by the retailer.
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NewsDixons Carphone profits short-circuit as transformation costs bite
Dixons Carphone has recorded a slump in pre-tax profit exacerbated by sliding mobile sales, but boss Alex Baldock says the retailer’s transformation plan is “on track.”
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NewsAmazon-Deliveroo: CMA set to ratchet up probe into minority stake
Amazon’s cash injection into food delivery service Deliveroo has raised the hackles of the Competition and Markets Authority (CMA), which has warned of “serious competition concerns”.
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AnalysisAnalysis: Has Ted Baker unravelled beyond repair?
“Ted just doesn’t feel like Ted anymore.” It’s a statement that’s as short as it is revealing about Ted Baker’s alarming fall from grace.
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NewsNovember footfall slides as rain dampens shopper numbers
Retail footfall declined last month as the combination of poor weather and incoming Black Friday deterred shoppers from hitting the high street.
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NewsTed Baker drafts in Deloitte to investigate £25m stock overstatement
Ted Baker has appointed Deloitte to work alongside law firm Freshfields on the investigation into the overstated the value of stock on its balance sheet.
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NewsTesco considers sale of Thai and Malaysian stores
Tesco is considering offloading its Asian stores in a deal that could value retail operations across its Thai and Malaysian business at up to $9bn (£6.8bn).
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NewsSports Direct puts Lillywhites London lease up for sale
Sports Direct’s lease of the six-floor Lillywhites store on London’s Piccadilly has reportedly been put on the market.
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NewsRent the Runway ties up with W Hotels in bid to banish the suitcase
Rent the Runway has partnered with W Hotels to allow shoppers to pay a flat fee to rent a selection of outfits upon arrival rather than bringing luggage.
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NewsJD Sports’ Footasylum acquisition put on hold by CMA
JD Sports planned £90m takeover of struggling footwear firm Footasylum has been halted by an ongoing investigation by the Competition and Markets Authority (CMA).
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NewsBAME execs on FTSE 100 retail boards inch up as overall representation falls
Ethnic diversity on the boards of the UK’s biggest retailers edged up in 2019 as research found “people of colour remain super-glued to the corporate floor”.
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NewsChristmas spend forecast to slip despite Black Friday uplift
Black Friday sales confounded expectations as the post-payday discount bonanza delivered sales and footfall uplifts, but festive spend is still forecast to be in decline.
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NewsJohn Lewis sales spike driven by Black Friday bargains
John Lewis’ weekly sales soared in after a “record” performance for the retailer as price matching and strong demand for fashion and home technology bolstered performance.
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NewsBlack Friday online sales and footfall beat forecasts
Black Friday shoppers have flocked online for deals while early footfall numbers surpassed expectations in a fillip for the retail industry.
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NewsOcado pens deal with Japanese grocer Aeon
Ocado has signed a deal with Japanese grocer Aeon as it launches a new online business which it forecasts to be worth 1tn JPY (£7bn) by 2035.
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NewsRetailers on tenterhooks as Black Friday forecast for subdued sales
Retailers are set for a tense day of trading as Black Friday is forecast to register a slump in footfall and the possibility of flat online sales.
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VideoFrasers Schmasers – will Sports Direct rebrand make any difference?
As Sports Direct unveils plans for a group rebrand to Frasers, retail adviser Richard Hyman and Retail Week head of content Grace Bowden discuss whether a new name will have any impact on how the business is perceived by brands or shoppers.
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NewsTrouva secures £17m investment to fuel overseas expansion
Trouva has raised £17m in its latest funding round to expand its international store network and has launched a dedicated German website.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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AnalysisAnalysis: Why has Asos hired a chief growth officer?
Asos has snapped up its first chief growth officer, also the first in a series of executive hires to bolster its leadership team.