All articles by Grace Bowden – Page 9
-
NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
-
NewsFrasers Group probed by EU tax authorities over VAT bills
Frasers Group is in talks with EU tax authorities over a controversial VAT arrangement that has seen the retailer pay tax on overseas sales in the UK.
-
NewsTopshop Oxford Street flagship goes on sale for £420m
The sale of Topshop’s iconic Oxford Street flagship has kicked off, with a portion of the funds from the £420m sale allocated to Arcadia’s pension scheme.
-
NewsOne in seven shops now empty as shopping centre vacancies spike
The number of retail vacancies increased across all shopping destinations and regions in the first quarter of 2021.
-
NewsWHSmith launches £325m fundraise to open 100 new travel stores
WHSmith has unveiled plans to launch a £325m fundraise as the retailer doubles down on the expansion of its challenged travel division.
-
NewsShopping trips set to drive post-lockdown economic recovery
Britain is primed for “a sharp snap back” in consumer spending as lockdown eases driven by a desire to return to bricks-and-mortar retail.
-
AnalysisLife after Covid: John Lewis, Asda and Ikea on retail’s post-pandemic priorities
From a renewed focus on price to a more flexible workforce and changing approaches to online, stores and supply chain, Retail Week looks at what’s top of the to-do list for retailers.
-
NewsW Galen Weston, retail tycoon behind Primark and Selfridges, dies at 80
The UK-born retail entrepreneur and philanthropist W Galen Weston, whose empire spanned food, retail and real estate, has died at the age of 80.
-
NewsTesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
-
NewsJD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
-
GalleryIn pictures: Primark, JD Sports and John Lewis lure back shoppers for reopening
As non-essential retail reopens its doors in England on April 12, Retail Week visits key shopping locations to gauge retail offers and shopper appetite.
-
InterviewInterview: Feelunique boss on its restless drive to be a ‘destination for beauty’
Feelunique chief executive Sarah Miles tells Retail Week why she believes the business will “be a real destination for beauty” post-pandemic, despite competing in an increasingly crowded online market
-
NewsPeacocks bought out of administration, 2,000 jobs saved
Peacocks has been bought out of administration by a consortium of investors led by Edinburgh Woollen Mill’s chief operating officer Steve Simpson.
-
NewsAmazon found to have illegally fired climate activist workers
US labour officials have found that Amazon “illegally retaliated” against two former employees who were fired after speaking out about the firm’s environmental practices and warehouse safety.
-
NewsAlmost 190,000 UK retail jobs lost since first lockdown
Nearly 190,000 retail jobs have been lost in the year since the UK entered its first lockdown, with administrations and cost-cutting programmes driving redundancies.
-
NewsRetail gets green light as Johnson confirms April 12 reopening plan
Boris Johnson has confirmed that non-essential retailers can open their doors on April 12 as planned.
-
AnalysisDeep dive: How much Amazon and Walmart are investing – and should you follow suit?
As retailers ramp up for the new normal, how are titans Inditex, Tesco, Walmart, Amazon and Walgreens investing?
-
AnalysisChina boycotts H&M: Will Western brands have to choose between ethics and profits?
Tensions between China and the West reached boiling point last week as several countries, including the UK, imposed sanctions over human rights abuses against Uighur Muslims and retail found itself caught in the crossfire.
-
NewsRetail sales fall in February as online takes record share of spend
Retail sales registered a year-on-year decline in February as strong grocery sales failed to offset a 50% drop in fashion sales.
-
NewsB&M poaches The Range digital boss as it ponders online launch
B&M has poached The Range’s chief digital and omnichannel officer Jens Sorensen as it gears up for a push into ecommerce.