All articles by Luke Tugby – Page 15
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NewsDFS profits surge as pent-up lockdown demand boosts sales
DFS has posted a jump in half-year profits as pent-up demand from the first national lockdown drove a sales spike.
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NewsWHSmith hails ‘better than expected’ sales as high street stores recover
WHSmith has posted a “better than expected” performance during the first two months of 2021 as its high street stores mounted a sales recovery.
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NewsJohn Lewis plots ‘hundreds’ of shop-in-shops inside Waitrose stores
John Lewis plans to launch hundreds of shop-in-shops inside Waitrose stores and is also plotting a smaller “local” format as part of a radical overhaul of its portfolio.
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VideoFace time: Why eBay is ‘putting purpose front and centre’ post-Covid
eBay UK’s head of social impact, Chris Gale, tells Retail Week about the launch of the etail giant’s new ‘eBay for Change’ programme, the consumer appetite to support social enterprises and the importance of “putting purpose front and centre” following the pandemic.
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NewseBay launches multimillion-pound programme backing social enterprises
eBay has launched a multi-million-pound programme to create jobs and opportunities in parts of the UK that have been hardest hit by the coronavirus pandemic.
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Opinion‘John Lewis is knowingly underselling itself by closing even more stores’
It is hard to believe it was only seven years ago that John Lewis was splashing hundreds of millions of pounds on 20 new department store openings.
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NewsM&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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NewsJohn Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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NewsAmazon embroiled in fresh zero-hour contract controversy
Amazon is at the centre of a fresh storm over the use of zero-hour contracts for temporary workers.
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NewsOnline sales surge to highest ever levels in January
Online sales surged last month to account for more than a third of total retail spend – the highest proportion on record.
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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NewsCo-op launches major apprenticeship drive to close ‘opportunity gap’
The Co-op has launched a major new apprenticeship initiative to offer opportunities to people from disadvantaged communities across the UK.
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NewsTed Baker warns of £5m Brexit bill as festive sales slide
Ted Baker has warned it faces £5m of additional costs associated with Britain’s exit from the EU as it grapples to revive its fortunes.
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NewsRetailers lose £22bn in sales during coronavirus lockdowns
Retailers lost £22bn in sales last year after nationwide lockdowns decimated the performance of physical stores.
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Opinion‘Bezos hasn’t killed the high street – he’s transformed retail for the better’
Put the customer first. Invent. Be patient.
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NewsEG Group to buy Asda’s petrol forecourt business in £750m deal
EG Group will buy Asda’s petrol forecourt business in a £750m deal following the completion of the supermarket giant’s sale to the Issa brothers.
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NewsAlibaba sales surge amid China’s ‘rapid’ Covid-19 recovery
Alibaba has posted a spike in sales during the final quarter of 2020 following the “rapid recovery” of the Chinese economy in the wake of Covid-19.
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NewsAmazon boss Jeff Bezos steps down as quarterly sales pass $125bn
Amazon founder Jeff Bezos will resign as chief executive later this year and step into the role of executive chair.
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NewsH&M profits tumble as Covid-19 batters sales
H&M has suffered a slump in full-year profits and sales as the coronavirus crisis battered its top line.
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NewsBoohoo closes in on £25m deal for trio of Arcadia brands
Boohoo is closing in on a deal for three of Arcadia’s high street brands as the fashion etailer presses ahead with its ambitious acquisition spree.