All articles by Hugh Radojev – Page 87
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NewsRetail footfall slumps as three-tier Covid restrictions take effect
The government’s three-tiered Covid restrictions have had an “immediate impact” on retail footfall across the UK after coming into force late last week.
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NewsLondon mayor warns of ‘inevitable’ tighter restrictions across the capital
London mayor Sadiq Khan has said it is almost “inevitable” that the capital will face tightening restrictions from next week as Covid-19 cases continue to grow across the UK.
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AnalysisAnalysis: How the Co-op is becoming anti-racist
Convenience store giant the Co-op last month unveiled a new racial equality and inclusion manifesto and a slew of commitments. Retail Week finds out why at the Co-op it is no longer enough to just not be racist
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AnalysisAnalysis: Five priorities for new Tesco boss Ken Murphy
Tesco’s interim results today gave new boss Ken Murphy his first opportunity to address the City and experience the scrutiny that comes with being chief executive of Britain’s biggest retailer.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsCo-op rolls out revamped membership scheme
The Co-op has revamped its membership scheme by overhauling customer rewards on purchases and doubling the funds going to community groups.
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AnalysisAsda’s £1bn question: Where do new owners need to splash the cash?
Asda’s new owners the Issa brothers have pledged to invest £1bn into the business over the next three years. Retail Week looks at the areas they should prioritise to return the grocer to former glories
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NewsMulberry losses deepen due to Covid-19
Struggling global handbag and accessories retailer Mulberry has seen its losses deepen due to the ongoing effects of the coronavirus on sales.
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NewsDeliveroo drafts in Goldman Sachs as it eyes London float
Delivery app Deliveroo has drafted in investment bank Goldman Sachs to help guide it to a float on the London Stock Exchange.
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NewsWaitrose delivers early blow in online battle with Ocado
Waitrose has stolen a march on former partner Ocado in the battle for online shoppers after the pureplay’s capacity issues saw weekly orders slump.
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsWalmart completes sale of Asda to Issa brothers for £6.8bn
Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.
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NewsClarks pension trustees draft in advisors to secure fresh investment
The pension trustees of shoe specialist Clarks have drafted in advisers in a bid to bring fresh investment into the struggling retailer which has been battered by the effects of the coronavirus.
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NewsWarehouse rentals soar as ecommerce continues rapid growth
A record amount of warehouse space was let in the last three months as multichannel and online retailers sought to expand capacity to meet growing ecommerce demand.
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NewsOcado sued by Norwegian firm for robot patent infringement
Pureplay grocer Ocado has said it will investigate allegations made against it and threatened a countersuit, after being sued in the UK and US by a Norwegian robotics firm.
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AnalysisProfile: Is Ken Murphy the right man for Tesco?
Former Walgreens Boots Alliance executive Ken Murphy takes the reins at Tesco today following Dave Lewis’ departure. Retail Week looks back to our profile of the Irishman, first published shortly after Murphy was named as the grocer’s new boss last October.
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AnalysisSocial mobility champion: How Morrisons focuses on recruiting from deprived areas
Supermarket giant Morrisons is the highest ranking retailer for promoting social mobility. Retail Week finds out the secrets to its success.
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NewsLandlords mull legal action against retailers as rent slumps to new lows
Landlords are considering taking action against “well capitalised” retail businesses refusing to pay rents under the cover of the government’s moratorium, as takings for yesterday’s September quarterly rent day slid to just 12.7%.
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NewsHammerson poaches new chief executive from Canadian real estate group
Institutional landlord Hammerson has announced the appointment of Rita-Rose Gagné as its new chief executive, taking over from David Atkins.
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NewsMorrisons to create 1,000 new jobs to fulfill Amazon orders
Supermarket chain Morrisons has said it will create 1,000 new jobs to help it fulfil orders on its services with Amazon and Amazon Prime.