All articles by Hugh Radojev – Page 114
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NewsAmazon’s third-quarter profits fall
Amazon has reported a fall in its third-quarter profits, the first time the ecommerce giant has suffered a drop in earnings for over a year.
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NewsUK retail to lose half a million jobs to automation within five years
The UK retail sector is set to lose another half a million jobs over the next five years to artificial intelligence and automation, according to a new survey.
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NewsBarneys accepts bid from marketing and entertainment company
Barneys New York has accepted a bid from an international brand development and marketing company after filing for bankruptcy in the summer.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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GalleryFirst look: Adidas’ new flagship Oxford Street store
Adidas has unveiled a new concept flagship store on Oxford Street, which features a strong focus on experiential digital innovation and customer services.
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NewsBRC calls for reform as 85,000 retail jobs are lost in a year
The British Retail Consortium has called on the government to reform business rates and fix the apprenticeship levy, after the equivalent of 85,000 retail jobs were lost year on year.
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NewsCostcutter and Uber Eats strike grocery delivery deal
Costcutter has struck a deal with takeaway delivery app Uber Eats, marking the tech company’s first foray into grocery delivery.
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NewsSelfridges to rent space in new development to office provider
Selfridges has plans to redevelop a building across from its flagship store on Oxford Street and then rent some of it out to a co-working office provider.
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AnalysisAs WeWork, Farfetch and Eve Sleep flounder, is retail’s tech bubble about to burst?
With the travails of technology-based companies such as WeWork and Uber dominating business headlines across the globe, Retail Week looks at whether the UK retail market is trapped in its own tech bubble.
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NewsOnline sales limp on in September as autumn starts slowly for retailers
Online sales growth just marginally ticked up last month, as the start of the new school year and change of season failed to boost online retailers.
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NewsBonmarché tumbles into administration placing thousands of jobs at risk
Bonmarché has tumbled into administration, with its boss blaming “a period of historic difficulty” on the high street for its demise.
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VideoWill Christmas 2019 be ho-ho-ho or humbug for retailers?
With some retail leaders preparing for ‘the worst Christmas since Woolworths collapsed’ in 2008, the team debate if businesses will be full of festive cheer or fear by the end of 2019.
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NewsRetail sales in September flat, says ONS
Retail sales were broadly flat in the month of August but did increase year on year, according to the latest figures from the Office for National Statistics.
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NewsJobs at risk as Jessops approaches administrators for property arm
Photographic retailer Jessops has approached administrators in a bid to salvage its struggling property arm.
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NewsRetail business rates to increase by £137m
The BRC has warned that retailers face a £137m business rates hike from next April based on the latest figures from the government’s consumer price index (CPI), which will pile more pressure on the sector.
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NewsLidl to invest £15bn in UK supply chain over next five years
Lidl has committed to investing £15bn into UK businesses over the next five years, as the discounter aims to provide suppliers with “support and ability needed to invest and grow”.
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NewsTed Baker appoints new American boss
Fashion brand Ted Baker has hired former Scotch and Soda boss Ari Hoffman as the new chief executive of its US business.
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NewsCustomers ‘more mindful than ever’ of plastic, says John Lewis
UK consumers in 2019 waged war on plastic waste, focused more on convenience than ever before and followed the fashion trends they saw on television, according to John Lewis.
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NewsAsos profit tumbles despite increased sales
Asos has reported a nosedive in its profit before tax despite strengthening sales in its full-year results, with boss Nick Beighton warning of more work ahead to turn the business around.