All articles by Hugh Radojev – Page 90
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NewsPrimark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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NewsIceland founder wins discount for completing buyback early
Iceland founder Malcolm Walker has negotiated a reduction in the amount he is paying to return the grocer to full family ownership, with the former majority stakeholder agreeing a discount in exchange for early payment.
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AnalysisAnalysis: How can city centres rebound in a coronavirus world?
As one-time commuters predominantly continue to work from home post-lockdown, Retail Week assesses what can be done to encourage people to return to hard-hit city centres
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NewsCosta Coffee store review puts 1,650 jobs at risk
High street chain Costa Coffee has said 1,650 roles across the business are at risk of being axed as it reviews its sprawling store estate in light of the coronavirus crisis.
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NewsOcado pauses staff deliveries to focus on clearing M&S backlog
Pureplay grocer Ocado has paused all deliveries to staff members as it seeks to clear a backlog of customer orders after its switchover to Marks & Spencer products.
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NewsAsda revives ‘Asda Price’ campaign as part of £100m spending salvo
Grocer Asda has bought back its ‘Asda Price’ campaign to promote a £100m investment in reducing prices on thousands of own-brand and branded products.
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NewsUsdaw violence against shopworkers petition soars past 50,000 signatures
Usdaw’s House of Commons petition to protect shopworkers from violence and abuse has passed 50,000 signatures, meaning the government will now have to formally respond.
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NewsOcado apologises for cancelled orders on first day of M&S switch
Ocado has offered “sincere apologies” after the first day of its switchover to stocking Marks & Spencer products was marred by complaints from angry customers about orders being cancelled.
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NewsGrocers and suppliers sign up to Rashford’s food poverty taskforce
A host of UK grocers and suppliers have signed up to a new food poverty taskforce set up by footballer Marcus Rashford.
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NewsM&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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NewsMoss Bros drafts in advisers as it mulls possible CVA
Struggling menswear retailer Moss Bros has drafted in KPMG as it considers closing stores and slashing jobs in a bid to ride out the pandemic.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.
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NewsBoohoo sold clothes from 18 suppliers paying less than minimum wage
Boohoo has been selling clothes from at least 18 suppliers which failed to prove they had been paying staff the minimum wage, according to reports from auditors.
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NewsWaitrose launches tie-up with Deliveroo as it embarks on future without Ocado
Waitrose has announced a partnership with Deliveroo as it prepares its ecommerce arm for life without Ocado.
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AnalysisAnalysis: Will The Hut Group’s IPO float or sink?
The Hut Group has finally revealed its intention to float on the London Stock Exchange after many years of speculation. Retail Week analyses whether it will hit its punchy £4.5bn valuation and why it has chosen to attempt it now.
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AnalysisFrom e-bikes to pound shops: Meet the businesses filling gaps on the high street
While the pandemic continues to force many retailers to the wall, there are some old and new businesses still snapping up space. Retail Week meets those with ambitious store opening plans.
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NewsSupply chain watchdog shuns Boohoo Leicester inquiry, questions independence
Supply chain monitor the Ethical Trading Initiative (ETI) has declined to take part in Boohoo’s Leicester inquiry, questioning its focus on factories and not on the retailer’s buying procedures.
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NewsDebenhams gears up for business rates battle to decide its future
Department store chain Debenhams is gearing up for a battle over a proposed business rates hike on one of its stores that it says could decide the future of the whole group.
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NewsFrasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
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GalleryIn pictures: Morrisons’ new ‘part grocery, part takeaway’ format in Manchester
Morrisons has launched a new Market Kitchen format in Manchester, which it describes as a “part grocery, part takeaway” concept.