All articles by Hugh Radojev – Page 20
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NewsAsos to ‘mothball’ US distribution centre to increase profitability
Asos has announced plans to close its main US distribution centre in the second half of the year and fulfil orders from the UK, which it says will increase profitability and improve speed to market for its products.
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NewsCurrys has raised its profit outlook following ‘strong peak trading’
Electricals giant Currys has raised its profit outlook for the year after boss Alex Baldock hailed “strong peak trading” over the Christmas period.
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NewsBooths has reported record Christmas trading
Independent grocery chain Booths has hailed a record Christmas period, driven by what the retailer said was its service, quality and availability.
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AnalysisAfter a very merry ecommerce Christmas, Ocado aims to keep the cheer rolling into 2025
After delivering a record-breaking Christmas on the back of the best part of a year of constant growth, Ocado is riding high. How does it plan to keep up the momentum?
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NewsAsda has bolstered its senior leadership team following cost-cutting shakeup
Asda has announced a raft of new senior leadership team appointments, days after chair Allan Leighton made swingeing changes as part of a cost-cutting drive.
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NewsPoundland invests in technology as it ‘cracks down on in-store crime’
Poundland has announced that it is “investing significantly in security enhancements” and pledged to crack down on crime as it launched its ‘Against Retail Crime’ initiative.
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NewsMajestic Wine toasts ‘best-ever Christmas’ as new customers splash out
Majestic Wine has toasted its biggest ever Christmas, as new customers splashed out on fine wines, champagne and sparkling during the festive period.
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NewsSainsbury’s boss warns government of heaping more costs on retail with rates reform delays
Sainsbury’s chief executive Simon Roberts has joined the chorus of larger retail business bosses in warning the government its business rates reform delays will cost them more money.
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InterviewQ&A: Tesco boss on customer sentiment, Christmas and dealing with increased costs
On a day that Tesco delivered the results of its “biggest ever Christmas”, chief executive Ken Murphy and chief financial officer Imran Nawaz spoke to the press about how customers behaved during the busy festive period, and how the grocery giant will deal with mounting costs.
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NewsTesco sales jump as boss Murphy hails ‘biggest ever Christmas’
Tesco has delivered a jump in sales as boss Ken Murphy said the grocer’s focus on investing in value, quality and service led to it delivering its “biggest ever Christmas” trading period.
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NewsThe Range has confirmed the locations for new superstores following Homebase acquisition
The Range owner CDS Superstores has confirmed the next wave of openings for its new superstores, following its acquisition of Homebase.
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NewsUniqlo, Gymshark and Lush have stopped hiring through gig economy apps
Uniqlo, Gymshark and Lush, have stopped using freelance retail workers through apps, after facing fierce criticism from unions.
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NewsAldi hails ‘best ever’ Christmas as customers trade up
Discounter Aldi has recorded its best-ever Christmas and said customers marked the festive season by trading up to premium own-label products.
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NewsShein and Temu summoned to face MPs over employment rights
Fast-fashion giants Shein and Temu are set to be grilled by a parliamentary committee as part of an ongoing probe into employment rights.
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NewsBrompton boss says bike industry ‘in turmoil’ as profits nearly wiped out
The chief executive of Brompton has said the industry is “in turmoil” and predicted that 2025 will be another tough year after profits nosedived.
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NewsOcado bolsters health offering with Holland & Barrett partnership
Ocado has partnered with health retailer Holland & Barrett to sell a selection of health and wellness products on its ecommerce platform.
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NewsAsda and Morrisons kick off new year with price cuts on hundreds of products
Supermarket giants Asda and Morrisons have both kicked off the new year by rolling out price cuts across thousands of products.
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NewsFootfall has peaked at just the right time for retailers in the run-up to Christmas
Christmas might not have come early for retail but it is at least coming, with footfall predicted to soar over the last weekend before the big day.
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NewsBestway turns to CVA for some stores as it reaches impasse with landlords
Bestway Group has reportedly turned to a company voluntary arrangement (CVA) for some of its off-licences, after reaching an impasse with landlords over leases.
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NewsUK inflation climbs to highest levels seen since the start of the year
Inflation across the UK hit its highest level seen since March, as surging petrol and clothing prices drove up costs in November.