All articles by Grace Bowden – Page 36
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NewsLidl tells suppliers to cover no-deal Brexit costs
Lidl has written to British suppliers warning them they will bear the brunt of no-deal Brexit costs.
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AnalysisAnalysis: Does US department store reinvention show way for UK?
As one-time US department store titan Barneys collapses into bankruptcy, we look at what lessons UK department stores can learn from their Stateside counterparts on what to do and not to do.
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VideoWatch: Wolfson or the grocers – who’s right about Brexit?
In a week when retail leaders such as Next’s Lord Wolfson and Asda’s Roger Burnley have expressed starkly contrasting views on the impact of Brexit, the team debate who’s right and who’s wrong.
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NewsChinese etailer JD.com returns to profit as sales climb
Chinese ecommerce titan JD.com beat analyst expectations with its second-quarter results, bolstered by sales from its annual 6.18 shopping festival.
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NewsSports Direct in crunch talks with government as auditor quits
Sports Direct is in a race against the clock to appoint an auditor ahead of its annual general meeting in September when current auditor Grant Thornton will step down.
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NewsCity watchdog delays implementation of new online payment rules
The financial regulator has extended the deadline for new rules on online payments for 18 months, which the BRC says “avoids a payments cliff-edge”.
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AnalysisHow Dr Martens made direct to consumer its stomping ground
Dr Martens unveiled a spike in full-year profits after direct-to-consumer sales soared. Retail Week spoke to chief executive Kenny Wilson about how he plans to run ahead of the market.
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AnalysisAnalysis: Should retailers follow Amazon and sell ads on their websites?
Amazon has amassed a £10bn-a-year business from letting brands advertise on its website. Should other retailers follow suit?
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NewsConsumer confidence rallies as shoppers show ‘resilience’
Consumer confidence edged up in July, with increases recorded across all but one measure.
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NewsGreggs sales and profits climb in ‘exceptional first half’
Greggs has recorded a jump in its interim profits as demand rose driven by the popularity of its new vegan sausage roll.
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NewsSports Direct auditor to quit over €674m tax bill bombshell
Sports Direct’s auditor Grant Thornton told regulators that it intended to quit due to concerns regarding the disclosure of the retailer’s 11th hour Belgian tax bill.
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NewsMothercare warns on profits as it seeks to offload UK arm
Mothercare has warned that its full-year losses are likely to be in line with its previous financial year’s as it kicks off talks to sell struggling UK stores.
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NewsAmazon misses profit forecasts while Prime costs bite
Amazon has reported lower-than-forecast second-quarter profits as it ploughed investment into its one-day delivery services.
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NewsUK retail industry conditions on brink of all-time low
The health of the UK retail sector is on the cusp of hitting record lows as businesses battle “some of the toughest trading conditions they have experienced”.
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NewsJoules profits and sales climb in ‘strong’ year
Joules has reported soaring full-year profits and sales in what boss Colin Porter says was driven by “growth across channels and product categories, both in the UK and internationally”.
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NewsMcColl’s seeks ‘stability’ as profits nosedive
McColl’s has posted a decline in profits at the interim mark despite an uplift in sales as boss Jonathan Miller says the group plans to “refocus on retail execution”.
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NewsLiberty sold to private equity group in £300m deal
A controlling stake in Liberty has been sold by current owner BlueGem to private equity consortium Glendower Capital.
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VideoWatch: How off target is Ashley's plan for Sports Direct?
After Sports Direct delayed its full-year results for up to a month, the team discuss the challenges facing Mike Ashley’s empire and the implications for the wider high street.
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NewsOnline retail sales climb in June driven by fashion
Online sales bounced back in June, registering the strongest rate of growth so far this year bolstered by clothing.
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NewsDebenhams to seek additional £50m from lenders
Debenhams is set to ask its lenders for a further £50m cash injection to carry the struggling retailer through Christmas trading.