All articles by Grace Bowden – Page 48
-
NewsShop Direct to axe Littlewoods Clearance, 150 jobs at risk
Shop Direct plans to shutter its Littlewoods Clearance division, which markets unsold stock from across the group’s retail brands, next February.
-
AnalysisSWOT analysis: How can Boots regain momentum?
Boots was the blot on the copybook of Walgreens Boots Alliance’s fourth quarter results last week after recording declines across its pharmacy and retail divisions.
-
NewsSports Direct acquires HoF Glasgow property for £95m
Sports Direct has bought House of Fraser’s property on Glasgow’s Buchanan Street outright in a bid to create the ‘Harrods of the North’.
-
NewsDecathlon drops into the red despite sales rise
Decathlon has fallen to a loss in its full-year as competition from supermarkets hampered its like-for-like sales.
-
NewsBoots' fourth quarter sales fall as beauty stutters
Boots has recorded declines across its beauty and pharmacy sales, which Walgreens Boots Alliance attributed to “lower prescription volume and a decline in UK pharmacy funding”.
-
NewsHamleys plunges to £12m loss as sales fall
Hamleys has swung to a full-year loss in what chief executive Ralph Cunningham described as “one of the most challenging years in UK retail history”.
-
VideoThe Retail Week: Is the 'Amazon tax' right for retail?
Tesco CEO Dave Lewis has called for the Government to bring in the ‘Amazon tax’ – a 2% charge on online retailers’ revenue. The team discusses whether this is the right thing for retail right now.
-
NewsTK Maxx profits drop as it ramps up store estate
TK Maxx has recorded a decline in its full-year profits as it ploughed investment into its IT proposition and bolstered its bricks-and-mortar network.
-
NewsPets at Home poaches Royal Mail exec for new data role
Pets at Home has snapped up the Royal Mail’s chief data officer Robert Kent to take on the same role, which is a newly created appointment for the retailer.
-
NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
-
NewsMountain Warehouse abandons Zakti store format
Mountain Warehouse is abandoning its Zakti standalone store format and will rebrand all of its existing shops in a reshuffle of its estate.
-
VideoWatch: Inside Instagram's London pop-up
Instagram launched its first UK pop-up store to showcase its commerce capabilities. We spoke to the platform’s head of brand development about its retail ambitions.
-
VideoThe Retail Week: Has big ticket turned the corner?
After contrasting financial updates from ScS, Topps Tiles and DFS this week, the team discuss whether the big-ticket market has turned the corner.
-
NewsWalgreens to launch in-store pilot with Birchbox
US pharmacy giant Walgreens has acquired a minority stake in beauty subscription business Birchbox and will trial selling the beauty etailer’s range in-store.
-
NewsDFS profits plunge despite Sofology sales growth
DFS has reported a full-year profits slump, which outgoing boss Ian Filby attributed to “an exceptional downturn in market demand” in the fourth quarter.
-
NewsTed Baker profits up despite 'challenging' market
Ted Baker has reported an increase in its interim profits and sales despite what boss Ray Kelvin said were “challenging external trading conditions”.
-
NewsRetailers not ready for Brexit, 80% of chairmen say
Brexit has spurred the highest level of pessimism in retail chairman since 2012 as over 80% say their businesses are not ready for Brexit.
-
NewsAmazon raises minimum wage across the UK and US
Amazon boss Jeff Bezos said the retailer has “listened to critics” and upped its minimum wage across the UK and US.
-
AnalysisAnalysis: Will Amazon's 4-star store move the dial?
The ever-experimental Amazon has launched its latest foray into bricks and mortar. Last week, the etail titan unveiled Amazon 4-star in New York.
-
NewsWiggleCRC profits climb after year of investment
WiggleCRC has recorded a rise in interim profits which boss Will Kernan attributed to “a reset of the business model” in 2017.