All articles by Grace Bowden – Page 8
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
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NewsBloom & Wild snaps up French rival in European expansion drive
Bloom & Wild has acquired French rival Bergamotte for an undisclosed sum, marking its second European acquisition in four months.
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NewsAmazon second-quarter sales soar but pandemic surge slows
Amazon has recorded over $100bn (£72bn) in sales for the third consecutive quarter but forecasts that upcoming growth will be slower than pandemic levels.
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NewsSupermarkets struggle to stock shelves amid Covid app ‘pingdemic’
Supermarkets including Tesco, Waitrose and Iceland have all been hit with staff availability issues as the ‘pingdemic’ forces workers to isolate.
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NewsBurberry posts ‘strong’ first quarter sales uplift against pre-pandemic levels
Burberry has reported an “excellent start” to its new financial year as full-price sales growth accelerated against its pre-pandemic performance.
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NewsJohn Lewis, Tesco and Sainsbury’s ask shoppers and staff to keep face masks
John Lewis, Tesco and Sainsbury’s have joined a growing number of big-name retailers that will encourage staff and shoppers to keep wearing face masks after July 19.
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NewsPolice crackdown needed to protect shopworkers, say MPs
Police are failing to protect shopworkers against a rise in abuse in recent years and over the course of the pandemic, a new government report has found.
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NewsJohn Lewis faces fees backlash from brand partners
John Lewis has been blasted by third-party brands for the ‘ridiculous’ fees it charges to stock their products.
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NewsMorrisons spurns £5.5bn takeover approach from US private equity firm
Morrisons has rebuffed a shock takeover bid from a US buyout firm advised by former Tesco boss Sir Terry Leahy, a move that could spark approaches from rival bidders.
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DataData: The 50 best bosses to work for in the UK – according to employees
Three retail bosses made the list of the top 50 best CEOs to work for in the UK, according to Glassdoor’s 2021 Employee’s Choice Awards.
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NewsBoohoo records surge in first quarter sales despite international ‘uncertainty’
Boohoo has posted a strong uplift in sales during its first quarter against strong comparitives, with the US and UK driving momentum.
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NewsFurlough and rates relief to be wound down despite England lockdown extension
The final measures of easing England out of lockdown has been delayed until July 19, but calls for business rates relief and the furlough scheme to be extended have been rejected.
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NewsB&M profits more than double as sales climb in ‘exceptional’ year
B&M has delivered rocketing full-year profits and a surge in sales as boss Simon Arora says the retailer’s store network and value offer will hold it in good stead for strong trading post-lockdown.
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NewsMike Ashley’s Frasers Group eyes Hugo Boss swoop
Mike Ashley’s Frasers Group is reportedly considering a takeover of luxury fashion group Hugo Boss.
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NewsJohn Lewis chair Sharon White calls for business rates replacement
John Lewis chair Sharon White has urged chancellor Rishi Sunak to replace the current business rates system with a new land tax to even the playing field between online and bricks-and-mortar retail.
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NewsRetail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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NewsFootfall edges up as high street shopper numbers rise
Retail footfall registered a modest week-on-week climb in the week ahead of hospitality reopening, although high streets were the only retail destination that registered growth.
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NewsAmazon in talks to buy MGM Studios for $9bn
Amazon is reportedly in talks to buy cinematic behemoth MGM Studios in a deal worth $9bn (£6.4bn).
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NewsTopps Tiles back in the black following ‘strong recovery’ upon reopening
Topps Tiles has returned to profit at the half-year mark as boss Rob Parker hails the retailer’s “flexibility and resilience”.