All articles by Hugh Radojev – Page 105
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NewsConsumer confidence inches up for third month in a row
Consumer confidence rallied for a third straight month in February as wages and house prices rose, unemployment remained low and inflation stayed stable.
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NewsBRC criticises government over business rates recommendations snub
The BRC has criticised the government’s response to the Treasury Select Committee business rates inquiry, saying the recommendations appear to have “fallen on deaf ears”.
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NewsIntu credit extension dependent on raising £1.3bn equity
Embattled landlord Intu has agreed on an extension to its credit facilities with its lenders as long as it can raise at least £1.3bn of equity.
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OpinionOpinion: Hammerson’s issues are symptomatic of a broken property market
Hammerson’s latest set of financial results are symptomatic of the wider issues plaguing the UK retail property market and the institutional landlord is unlikely to be the only one feeling the effects.
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NewsMcColl’s to close more than 300 stores over next four years
The chief executive of McColl’s has said the convenience store group will look to shut as many as 330 stores over the next three or four years as it seeks to rationalise its store estate as part of its strategic shift.
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NewsStore gallery: Amazon turns up heat on Walmart with first cashier-less supermarket
Amazon has opened its first cashier-less supermarket in what is a big step forward in the onetime ecommerce giant’s growing battle with Walmart for control of the US grocery market.
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NewsMcColl’s profits slump as it seeks new debt arrangement
Struggling convenience store group McColl’s has posted declining profits and sales figures and confirmed it is in discussion with lending banks about a new debt facility.
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NewsForever 21 names former H&M US boss as new chief executive
The new owners of fast-fashion retailer Forever 21 have named former H&M US president Daniel Kulle as chief executive to steer the business out of bankruptcy.
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NewsHammerson eyes further disposals this year with ‘nothing off the table’
Hammerson is considering further disposals this year and selling stakes in assets across its flagship centre and premium outlet portfolios, according to a senior executive.
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NewsCoronavirus: Crunch time looms for general merchandise supply chain
The next month will be a make or break period for many retailers desperate to avoid empty shelves as the coronavirus crisis and its impact on the supply chain intensifies.
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NewsHammerson sells remaining retail parks at a discount
Institutional landlord Hammerson has confirmed the sale of its remaining portfolio of retail parks at a “wider than expected” discount, as it looks to shore up its balance sheet.
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AnalysisAnalysis: As the door slams shut on migrants, does retail face a people crisis?
After the government unveiled its post-Brexit, points-based immigration system yesterday, Retail Week finds that many trade bodies and retailers have been left blindsided and scrambling to understand the wider implications.
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NewsNike shuffles exec board under new chief executive
Nike has shuffled its senior leadership team under its new boss, announcing the appointments of a new chief operating officer and chief financial officer earlier this week.
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NewsLidl pledges £1bn investment to reach 1,000-store target
Lidl has pledged to invest more than £1bn in new stores over the next two years as it ramps up expansion plans to reach its target of 1,000 stores in the UK by 2023.
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NewsForever 21 bought out of bankruptcy
US-based fast-fashion retailer Forever 21 has been bought out of bankruptcy by three buyers with international ambitions for the brand.
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NewsLaura Ashley losses deepen as chief executive change bought forward
Laura Ashley has reported deepening losses and falling sales in its interim results, which has resulted in Katharine Poulter being promoted to chief executive with immediate effect.
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AnalysisUrban logistics: Will Ocado eco backlash kibosh city deliveries?
As Ocado finds itself embroiled in a battle with north London parents over its new urban delivery centre, Retail Week looks into the growing trend for city centre logistics.
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NewsNearSt clinches £2m in new funding from investors
Retail tech start-up NearSt has raised £2m in seed funding from a number of investors, as the Google-backed business looks to drive more footfall to bricks-and-mortar stores.
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NewsAsda blames ‘challenging market conditions’ for sales slump
Asda has blamed “challenging market conditions” for its fourth-quarter slump in like-for-like sales, particularly in clothing.
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VideoVideo: MLB hits home run with Westfield Stratford pop-up
In a bid to drive footfall and raise the sport’s profile in the UK, Major League Baseball has opened its first semi-permanent pop-up store in Westfield Stratford. Retail Week visits the space, which features retail, food and drink, and leisure offerings under one roof.