All articles by Hugh Radojev – Page 40
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NewsBoots owner offloads £4.8bn pension scheme
Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that potentially paves the way for a sale by owner Walgreens Boots Alliance.
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NewsMore shoppers targeting Black Friday deals for Christmas shopping
More than four times the number of shoppers plan to do the majority of their Christmas shopping this Black Friday weekend this year compared to 2022.
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GalleryStore gallery: Asos’ first ‘In Real Life’ physical store
Pureplay fashion giant Asos is due to make its first-ever foray into physical retail, opening its four-storey, central London pop-up to coincide with Black Friday weekend.
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AnalysisRetail blasts autumn statement that ‘puts final nail in coffin for high street’
Despite chancellor Jeremy Hunt hailing the autumn statement as the “biggest business tax cut in modern British history,” the response from the retail sector has been uncharacteristically direct.
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NewsDeliveroo not bound by law to engage with unions
Deliveroo cannot be legally compelled to engage with a union representing its riders for collective bargaining, Supreme Court judges have ruled.
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NewsGovernment increases minimum wage to £11.44 per hour
The government has said it will increase the minimum wage to £11.44 per hour from April next year.
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NewsKingfisher issues profit warning as French market struggles
DIY giant Kingfisher has lowered its full-year profit guidance, saying that market trends in France have been “weaker than expected”.
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NewsExclusive: Fenwick rules out lease on former House of Fraser store after talks fall through
Department store chain Fenwick has walked away after talks to take on the former House of Fraser store in Guildford, Surrey fell through.
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GalleryIn pictures: Fragrance Shop showcases UK’s first ever ‘AI creation machine’
The Fragrance Shop has opened a new Oxford Street flagship, featuring the UK’s first-ever AI fragrance creation machine.
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NewsRetail reliant on strong Black Friday after slow start to festive season
The retail sector is pinning its hopes on strong performance over the Black Friday weekend after a disappointing start to the festive trading season in terms of ecommerce performance.
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AnalysisWhat next for Hotel Chocolat after its sweet £534m deal with Mars?
Hotel Chocolat founder Angus Thirlwell says the surprise deal with Mars represents a “meeting of minds”, but after a torrid year what will the acquisition mean for the retailer?
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NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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NewsHotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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NewsRetailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
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NewsOcado strikes first fulfilment deal outside of grocery
Ocado Group has struck its first deal providing automated fulfilment solutions to a non-grocery retailer in Canada.
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NewsSainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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NewsNext juggernaut rolls on as it ups profit guidance
Fashion giant Next has increased its full-year profit guidance and reported an uptick in full-price sales.
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NewsAsos losses deepen as it prioritises shift ‘back to fashion’
Embattled fashion retailer Asos has reported deepening losses and falling revenue, and unveiled plans for a strategic switch “back to fashion” in 2024.
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AnalysisWhy Matthew Barnes is an ideal leader for post-Tarry Tesco
Last week grocery giant Tesco announced that long-serving UK and Ireland boss Jason Tarry would be stepping down after more than three decades with the retailer.
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NewsTesco UK boss Tarry to step down after 33 years at grocer
Tesco’s UK chief executive Jason Tarry is set to stand down from the supermarket giant after more than 30 years at the retailer.