All articles by Grace Bowden – Page 4
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NewsNext teams up with investment firms to acquire JoJo Maman Bébé
Next and hedge fund Davidson Kempner have partnered to acquire mother-and-baby retailer JoJo Maman Bébé for an undisclosed sum.
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NewsOcado ex-worker ‘forced out’ for raising fire safety issues
Ocado has been ordered to pay a former employee £20,000 in damages after judges ruled his resignation amounted to constructive dismissal.
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NewsAsda finance chief resigns after less than a year
Asda’s chief financial officer John Fallon has quit less than a year after he was promoted by the grocer’s new owners.
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NewsTesco full-year profits skyrocket bolstered by 'strong' sales
Tesco’s preliminary profits have more than tripled as boss Ken Murphy hails the grocer’s “strong performance” and says the chain is better placed than its rivals to tackle the looming cost of living crisis for shoppers.
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AnalysisIn pictures: Boohoo unveils ‘model factory’ to reinvigorate Leicester rag trade
Boohoo has opened the doors of its first clothing production factory, which boss John Lyttle says is a commitment to Leicester’s “great future” as the hub of the UK textiles industry.
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NewsFarfetch invests up to $200m in Neiman Marcus in ‘pivotal point’ for US luxury market
Farfetch will snap up a minority stake in US department store chain Neiman Marcus as part of a strategic partnership between the two luxury retail firms.
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NewsIceland cuts minimum order value for free delivery to help cash-strapped shoppers
Iceland has launched a trial to reduce the minimum order value required to access free delivery slots for online shops in a bid to help shoppers “feeling the pinch” in the growing cost of living crisis.
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NewsShein hits $100bn valuation following fundraising
Chinese fast fashion giant Shein has been valued at more than $100bn in its new fundraising round, surpassing the market capitalisation of Inditex and H&M combined.
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NewsBoots’ sales ‘bounce back’ as beauty and online revenues climb
Boots has recorded a strong uplift in sales across its stores and online operations as boss Seb James says the retailer “continues to bounce back strongly from the pandemic”.
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NewsCurrys quits London HQ in favour of WeWork flexible office space
Currys is set to exit its west London headquarters after signing a deal with flexible office space group WeWork that will allow staff to work from 50 locations across the country.
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NewsSainsbury’s investors back call for grocer to pay ‘real living wage’
Sainsbury’s will hold a shareholder vote at its upcoming AGM on pay for all its entry-level staff amid growing support from investors for the grocer to pay the ‘real living wage’ across the UK.
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NewsNike sales surge as pre-pandemic shopping habits return
Nike recorded a strong uplift in its third-quarter sales across the US and Europe, aided by a “steady normalisation of traffic” to its own-brand stores.
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NewsInflation hits 30-year high ahead of Sunak’s spring statement
Inflation shot up again in February as fuel, energy and food costs all surged ahead of chancellor Rishi Sunak’s spring spending statement later today.
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NewsMarks & Spencer to open Early Learning Centre outlets in stores
M&S will add Early Learning Centre concessions to a handful of stores at the end of this month in a bid to bolster its appeal to family shoppers.
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NewsM&S and Asos back employment pledge for Ukrainian refugees
A consortium of British businesses is in talks with the government to offer employment and accommodation to refugees fleeing Ukraine.
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DataRanking: The top 50 most vibrant retail locations
The impact of the pandemic means local and commuter towns have dominated the ranking of the healthiest shopping locations for the second consecutive year – but city centres have seen a strong recovery.
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NewsWaterstones acquires independent bookseller Blackwell’s
Waterstones has snapped up Blackwell’s, the UK’s largest independent bookseller, for an undisclosed sum.
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NewsZalando delivers ‘faster than expected’ sales growth
Zalando has posted strong full-year sales and profit growth, fuelled by a rapidly expanding customer base and membership scheme.
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NewsFarfetch records full-year sales surge and profit growth
Farfetch chief executive José Neves hailed the luxury fashion etailer’s “strong momentum” as the business delivered strong fourth-quarter and full-year sales growth.
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NewsJohn Lewis retires Never Knowingly Undersold as it invests £500m in price
John Lewis will remove its Never Knowingly Undersold pledge this summer as executive director Pippa Wicks says the promise “doesn’t fit with how customers shop today”.