All articles by Grace Bowden – Page 5
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NewsUpdated: Frasers buys Studio Retail out of administration
Mike Ashley’s Frasers Group has bought Studio Retail out of administration for £26.8m, saving 1,500 jobs.
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NewsWaitrose to trial Deliveroo ‘Hop’ as rapid delivery battle heats up
Waitrose is set to extend its partnership with Deliveroo, trialling its new ‘Hop’ rapid delivery scheme, which promises to deliver orders to shoppers in just 10 minutes.
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NewsBoots owner Walgreens kicks off sale amid fresh approaches
Walgreens Boots Alliance is understood to have launched the sales process for Boots, which could be valued as highly as £7bn.
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NewsAsda pauses search for chief executive successor
Asda has temporarily halted its search for a new boss to succeed Roger Burnley, with co-owner Mohsin Issa understood to be overseeing day-to-day operations in the interim.
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AnalysisDeep dive: Can retail make the four-day week work?
With a range of companies sticking to a four-day week after a successful nationwide trial, what would it take to make it work for retail?
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NewsBoohoo kicks off production at first owned Leicester factory
Boohoo has started production at its new 23,000 sq ft factory on Thurmaston Lane in Leicester, which boss John Lyttle says “reinforces” the fast fashion etailer’s commitment to the city, and UK manufacturing.
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NewsPets at Home Christmas sales climb as it heads for ‘record year’
Pets at Home sales increased across all its divisions across the golden quarter, as CEO Peter Pritchard says the retailer is “firmly on track” for a year of record sales and profit growth.
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NewsIn The Style and Burberry deliver festive sale upticks
Luxury fashion operator Burberry has delivered a rise in festive sales driven by full-price demand, while value etail operator In The Style has relied on discounting to bolster sales of delayed ranges over the Christmas period.
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NewsWHSmith Christmas sales slide as retailer eyes travel sales resurgence
WHSmith has recorded a fall in sales over the Christmas trading period but has stressed it does not expect the Omnicron variant to derail its travel sales recovery.
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NewsExclusive: The Body Shop poaches Estée Lauder executive to helm UK
The Body Shop has appointed Estée Lauder’s Maddie Smith as its UK boss and further bolstered its top team with a new executive role for its current UK managing director Linda Campbell.
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NewsAsos festive sales increase despite ‘challenging’ market conditions
Asos has posted an uplift in Christmas sales across the UK and US, but interim boss Mat Dunn flagged that supply chain issues drove “heightened clearance activity” over the festive period.
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NewsTesco upgrades profit guidance as festive sales rise
Tesco has reported an uplift in sales over the Christmas period as its share of customer grocery spend online and in store hit a four-year high.
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NewsM&S Christmas sales climb amid ‘robust’ clothing and home demand
Marks & Spencer boss Steve Rowe has hailed a “strong” uplift in Christmas sales across all divisions as the retailer’s clothing and home sales increased for the second successive quarter.
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NewsNew Selfridges owners plan to add hotel and apartments to Oxford Street flagship
Selfridges’ new Thai and Austrian joint owners are planning a revamp of its Oxford Street flagship that would include an upmarket hotel and food hall.
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NewsIkea blames price hikes on Covid supply pressure
Ikea has raised prices on some of its key product lines by as much as 50% as it warns that cost pressures triggered by Covid-19 have impacted its supply chain.
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NewsOnline shopping drives 2021 consumer spending above pre-pandemic levels
A surge in online shopping, pet ownership and streaming subscriptions saw consumer spending in 2021 surpass 2019 levels.
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NewsRetailers pile pressure on Visa and Mastercard fees in legal battle
A group of retail brands including Superdry and AllSaints are seeking compensation from Visa and Mastercard over historic transaction fees.
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NewsJD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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NewsJysk sales surge as homewares boom drives further store expansion
Danish furniture and home furnishings chain Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
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NewsCyber attack hits over 300 Spar shops and drives closures
More than 300 Spar branches across the north of England have been struck by a cyber attack that has left them unable to receive credit card payments or use email since Sunday.