All articles by Grace Bowden – Page 52
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NewsJoules profits spike spurred by international sales
Joules has continued to defy the fashion doldrums with another set of full-year results that boast strong profit and sales growth.
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NewsEvans Cycles narrows losses as sales edge up
Evans Cycles has reported reduced losses at the full-year mark as the retailer pumped up sales through rising demand for e-bikes.
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AnalysisCan Sports Direct’s new stores elevate profits?
Sports Direct posted a healthy rise in underlying earnings in its preliminary results, which the retailer largely attributed to its next-generation store portfolio.
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NewsRetail sales dip in June, strongest quarter since 2015
Retail sales edged down in June as shoppers prioritised the World Cup and hot weather over non-food purchases.
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NewsBurberry destroys £29m of stock to avoid discounting
Burberry burned £28.6m worth of clothing, accessories and perfumes last year in favour of selling them at a cut price and risking damage to its brand.
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VideoThe Retail Week: Time for Mike Ashley to quit gambling?
Mike Ashley likes a flutter in both his private and professional life, which has frequently worked in his favour. But Sports Direct’s profits took a £85.4m hit on its near-30% Debenhams stake over the year. We discuss whether it’s time for Ashley to quit gambling.
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NewsPoundworld axes warehouses and all shops, 2,600 jobs lost
Poundworld is set to axe over 2,600 jobs across its distribution centres, as well as shuttering its remaining 190 stores.
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GalleryStore gallery: Inside Decathlon’s £14m London flagship
Decathlon has reopened its Surrey Quays superstore following a £14m refurbishment, which has doubled the branch’s size.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsSainsbury’s and WHSmith launch food-to-go trial
Sainsbury’s will supply a “limited range” of its food-to-go offer in a handful of WHSmith’s stores on a trial basis.
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NewsTesco’s Carrefour tie-up set for French watchdog probe
The proposed tie-up between Tesco and Carrefour and its impact on their respective consumers and suppliers will be scrutinised by the French anti-trust authority.
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NewsThe Body Shop raids L’Occitane to bolster top team
The Body Shop has made a raft of executive appointments including poaching two directors from rival beauty retailer L’Occitane.
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NewsB&Q ploughs £100m into price cuts across 2,000 products
B&Q has invested £100m into price cuts across a swathe of core products in a bid to lure new shoppers and reduce its reliance on promotions.
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NewsHarvey Nichols launches perfume concession with Sniph
Swedish perfume subscription business Sniph has launched its first UK concession in luxury department store Harvey Nichols.
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NewsPoundworld to close 25 stores, axing 242 jobs
Poundworld is closing 25 of its 355 branches this week including stores in Birmingham, Manchester and Nottingham.
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NewsMountain Warehouse sells £45m stake to ramp up expansion
Mountain Warehouse has sold a 20% stake in the business to Inflexion Private Equity Partners.
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NewsUK retail sales rise, buoyed by football fever
UK retail sales rose in June as shoppers snapped up big match essentials, but non-food sectors such as furniture and footwear continued to suffer.
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NewsOcado swings to half-year loss as sales rise
Ocado has recorded a loss at the half-year mark as the online grocer ploughed investment into its proposition following a spate of international partnerships.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.