All articles by Hugh Radojev – Page 82
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NewsEG Group appoints Lord Rose as new chair
EG Group, whose owners are buying grocery giant Asda, has appointed retail veteran Stuart Rose as its new chair to address issues with its corporate governance.
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AnalysisWill more retailers ditch Oxford Street?
While the famous shopping destination was already facing headwinds, the coronavirus crisis has been a perfect storm for Oxford Street. The question is whether retailers will hang around to pick up the pieces or abandon it altogether.
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NewsNext boss Wolfson joins Deliveroo board
Next chief executive Lord Wolfson has been appointed to the board of Deliveroo, as the delivery app continues to strengthen its non-executive team ahead of an awaited stock market float.
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NewsLatest fundraising round values Deliveroo at more than £5bn
Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.
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NewsDr Martens confirms intention to float
Footwear specialist Dr Martens has become the latest retail brand to confirm its intention to float, with a reported valuation in excess of £3bn.
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NewsNext emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.
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AnalysisAnalysis: Is Lidl starting to close the gap on Aldi in the discounter battle?
Over the last 12 months, momentum has shifted away from Aldi towards Lidl in the battle of the discounters. Retail Week looks at what Lidl has done to close the gap on its rival.
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NewsUK grocers warn food shortages in Northern Ireland will worsen
The chief executives of the UK’s largest grocers have warned the government of “significant disruption to food supplies” to Northern Ireland after March 31 unless there is a closer agreement with the EU.
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NewsMorrisons becomes first UK supermarket to pay £10 an hour minimum
Morrisons has said it will pay all of its staff at least £10 an hour becoming the first grocer in the UK to make that commitment.
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NewsBooths enjoys strong Christmas trading driven by turkey and alcohol sales
Family-owned supermarket Booths reported strong sales over the Christmas period driven by sales of turkey crowns and alcohol.
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NewsMoonpig eyes float after strong lockdown trading
Moonpig’s mooted £1bn float on the London Stock Exchange is set for liftoff after the pureplay announced its intention to publish a registration document today.
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NewsKingfisher expects profits at top end of range after strong fourth quarter
Home and DIY giant Kingfisher has said it expects full-year profits to be at the top end of its £667m to £742m estimate, following continued strong trading in its fourth quarter.
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NewsData: Coronavirus restrictions lead to record low retail spend in 2020
The effects of the coronavirus pandemic and associated restrictions on the retail sector have been laid bare, with customer spending across the year down to record lows.
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NewsBig four grocers ban customers who refuse to wear face masks
All of the big four grocers have now commited to banning customers who refuse to wear face masks in their stores without medical exemptions.
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NewsBrexit: M&S warns of tariff impact as NI supermarkets struggle with supply
Marks & Spencer today warned that its EU businesses would be “significantly impacted” by new red tape and tariffs under the Brexit deal, while supermarkets in Northern Ireland are struggling with shortages.
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NewsDebenhams closes Irish online business as retailers face new Brexit tariffs
Department store chain Debenhams has been forced to close its digital Irish business to avoid tariffs now required under the Brexit deal.
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AnalysisBrexit: What Boris Johnson’s Christmas Eve deal means for retail
While it came down to the wire, Boris Johnson and his team did manage to deliver a Brexit deal. Retail Week goes behind the sloganeering to see what has changed for retail and what that will mean going forward
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NewsChancellor offers non-essential retailers grants for closed stores
Chancellor Rishi Sunak has announced new support measures, including grants of up to £9,000 per closed store to non-essential retailers, following the announcement of a third national lockdown.
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NewsRecord Christmas supermarket sales as lockdown curbs spending elsewhere
UK supermarkets saw record-breaking sales in December, fuelled by coronavirus restrictions that forced non-essential retailers to close stores in the run-up to Christmas.
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NewsAldi hails strong Christmas trading with surges in-store and online
Discount supermarket chain Aldi has reported strong Christmas trading, driven by growth both in-store and online with its wine and special-buys offer.