All articles by Hugh Radojev – Page 54
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NewsExclusive: Wilko drafts in advisers as it eyes further cost-cutting measures
Wilko has drafted in advisory experts Teneo as it seeks to cut costs across the business in the face of the cost-of-living crisis.
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NewsAsda launches ‘Express’ convenience store format
Supermarket giant Asda will open its first ‘Asda Express’ c-store format next month in the Midlands, with a further 30 store openings planned for 2023.
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NewsGovernment U-turn on VAT-free shopping is ‘hammer blow’ for UK retail
UK retail representative bodies have called the government’s decision to roll back promised VAT-free shopping a “hammer blow” for an industry still struggling to recover fully from the pandemic.
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NewsShein faces backlash over supply chain working conditions
Working conditions at Chinese fast-fashion giant Shein are under scrutiny after an investigation found evidence that people in its supply chain are working 18-hour days for as little as 3p an hour.
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsEve Sleep abandons sale process and appoints administrators
Mattress-in-a-box brand Eve Sleep has drafted in administrators after abandoning its bid to find a buyer to turn around its fortunes.
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NewsRevolution Beauty CEO and chair stand down during audit investigation
The chief executive and executive chair of Revolution Beauty will both stand down from their posts for the duration of the independent investigation into audit failures at the retailer.
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NewsUS grocery giant Kroger in talks to buy rival Albertsons
America’s largest supermarket operator Kroger is in talks to buy rival Albertsons, with a deal expected to be announced as soon as early as today.
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NewsBoots sales recovery driven by flagship and travel stores
Boots sales recovered in the three months to August as customers flocked to flagship locations and travel stores.
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NewsDiscounter Pepco targets new store openings as customers fly to value
Poundland owner Pepco has said it will accelerate its new store opening programme as demand for its offering increases amid global economic uncertainty.
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NewsFrasers Group snaps up stake in N Brown
Sports Direct owner Frasers Group has snapped up a stake in N Brown, the pureplay retailer behind brands such as Jacamo and JD Williams.
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NewsYoox Net-A-Porter turns to an interim CEO as Lefebvre departs
Luxury fashion retailer Yoox Net-A-Porter has named Alison Loehnis as its interim chief executive, after the departure of long-standing boss Geoffroy Lefebvre.
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NewsCustomers turn to ‘visually imperfect’ groceries as inflation hits new record
Customers have turned to buying misshapen fruit and vegetables and supermarket own-label as food inflation hits a new record.
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NewsAsda launches £1 meal deal for over-60s as cost-of-living crisis bites
Asda has launched a £1 ‘winter warmer’ meal deal for older customers struggling with the cost-of-living crisis.
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NewsFootfall drops for third straight month as cash-strapped customers stay home
Footfall to UK retail destinations dropped for the third month in a row as the cost-of-living crisis kept budget-conscious customers at home.
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NewsN Brown profits tumble as cost-of-living crisis shrinks online market
N Brown has reported falling profits and sales as the ongoing inflationary environment and cost-of-living crisis shrinks the online market.
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AnalysisAnalysis: Can Battersea power London’s retail revival?
With the long-awaited opening of the Battersea Power Station redevelopment set for next week, Retail Week revisits this feature from June which looked at whether its opening could supercharge the capital’s post-pandemic retail revival?
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AnalysisAnalysis: Tesco boss Ken Murphy on plans to combat a cash-strapped Christmas
As customers trade down in the face of the cost-of-living crisis, Tesco boss Ken Murphy looks ahead to what could be a uniquely challenging Christmas for grocery retail
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NewsTesco links executive bonuses to hitting sustainability targets
Supermarket giant Tesco will be aligning executive pay performance targets with achieving sustainability goals such as reducing food waste.
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NewsDeliveroo opens first bricks-and-mortar grocery store
Deliveroo has opened its first physical grocery store in London, working in partnership with supermarket giant Morrisons.