All articles by Hugh Radojev – Page 55
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NewsJohn Lewis launches 'dress for hire' rental service
John Lewis has unveiled plans to launch a ‘dress for hire’ rental service for customers to address both the continuing cost of living crisis and to offset environmental issues.
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NewsMorrisons faces down £100m borrowing costs hit
Supermarket giant Morrisons is facing a £100m bulge in its borrowing costs as market volatility takes further toll on the debt-laden business.
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NewsFrasers urges MySale shareholders to accept offer as it threatens to delist business
Frasers has urged MySale shareholders to accept its 2p per share offer, and warned if it failed to garner full support it could delist the business from the stock exchange.
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AnalysisAnalysis: Can a new strategy transform the Co-op’s flagging fortunes?
With inflation still on the rise, the UK economy in freefall and customer confidence at an all-time low, the Co-op has unveiled a new strategy. Will it be enough to stop the rot at the c-store specialist?
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NewsH&M blames closure of Russian business for 'significantly' affecting sales and profits
H&M has blamed the pause and eventual winding-down of its Russian business for a significant drop in revenues and profits.
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NewsNext downgrades profit guidance as Wolfson prepares for long-term instability
Next has revised down its full-year profit and sales guidance despite a better-than-expected first half as Lord Wolfson prepares the business for an extended period of financial uncertainty.
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NewsMorrisons profits plummet as ‘unprecedented’ inflation hits food manufacturing
Morrisons profits more than halved as the grocer bemoaned “unprecedented inflationary pressures” on its vertically-integrated food manufacturing.
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NewsShop prices hit new records as retail calls for business rates freeze
Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.
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NewsGymshark raids Asos for new chief financial officer Dunn
Gymshark has continued its recent run of new senior management additions by poaching Asos finance boss Mat Dunn.
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NewsMorrisons chief operating officer Trevor Strain steps down
Morrisons chief operating officer Trevor Strain has today informed the grocer’s board that he wishes to leave the business.
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NewsAmazon unveils new Prime Sales event to help customers ‘spread seasonal spending’
Amazon has today announced the launch of a new two-day shopping Sale, Prime Early Access, in mid October, designed to help customers “spread out their seasonal spending”.
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AnalysisAldi boss Hurley on cost of living, Christmas and its ‘unbreakable contract’ with customers
Having just dethroned Morrisons as the fourth-largest grocer in the UK, Aldi is gunning for further growth despite a slump in profits. The discounter’s boss Giles Hurley discusses the key issues facing the business – and how it is planning to take further share in a fiercely competitive market.
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NewsRetail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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NewsLidl to become highest-paying UK supermarket following second pay rise of year
Lidl has invested a further £39.5m into raising hourly pay for store and warehouse staff, making it the UK’s highest-paying supermarket.
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NewsData: Store closures slow in ‘remarkable’ post-pandemic retail recovery
The recovery of physical retail stores and leisure destinations has been “remarkable” given the ongoing economic headwinds facing the sector, according to a new report.
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NewsCo-op suffers double blow as food and Nisa bosses exit
The Co-op has looked internally for a replacement after former food boss Jo Whitfield made the decision not to return to the retailer after her sabbatical.
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NewsWatch: Waitrose launches new ‘Food to Feel Good About’ campaign
Waitrose has launched its new brand positioning campaign – ‘Food to Feel Good About’ – just days after it was hinted at by senior leadership in the John Lewis Partnership’s results.
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NewsMoonpig goes back to basics to navigate cost of living crisis
Moonpig has said it will focus on greeting cards and has left its full year guidance unchanged as it seeks to navigate the current cost of living crisis.
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NewsMike Ashley to step away from Frasers at next AGM
Frasers Group has said founder Mike Ashley will not seek re-election as a director at its next annual general meeting and will be stepping away from the business.
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NewsKingfisher guidance unchanged despite profits and sales slump
Home and DIY giant Kingfisher has insisted that its full year guidance remains unchaged despite profits and sales falling in the first half.