All articles by Luke Tugby – Page 22
-
NewsEstée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.
-
NewsAlibaba profits surge as customer numbers jump during lockdown
Alibaba has smashed quarterly profit predictions as online sales surged during lockdown and demand for its cloud computing services soared.
-
NewsAO boss Roberts urges more retailers to launch company-wide bonus plans
AO.com boss John Roberts has urged more listed retailers to launch company-wide incentive plans for staff after its new scheme was unanimously approved by shareholders.
-
NewsHotel Chocolat launches ‘drive-to’ outlet store
Hotel Chocolat has launched its first “drive-to” outlet store as part of its efforts to cut food waste and capitalise on changing consumer habits.
-
Opinion‘Tesco would be reckless to rival Amazon on free deliveries’
It didn’t take long for Amazon’s free grocery delivery revelation to spark a response from one of its mainstream rivals.
-
NewsEtailer Very’s sales surpass £2bn as new customers double in lockdown
The Very Group has registered a jump in fourth quarter sales and says it is on track to return to full-year profitability in what boss Henry Birch describes as “a really fantastic performance”.
-
NewsTopps Tiles expects ‘modest’ profit as sales recover
Topps Tiles has said it now expects to turn a “modest” profit this year following a bounce back in retail sales.
-
NewsWatches of Switzerland profits rise despite Covid-19 impact
Watches of Switzerland has posted an increase in full-year profits despite the impact of the coronavirus crisis.
-
NewsTrain companies seek government aid for station retail tenants
Britain’s train companies are lobbying the government to introduce rent cuts and payment holidays for retail tenants at their stations to help them through the coronavirus pandemic.
-
NewsWalmart joins forces with Instacart to boost same-day delivery credentials
Walmart has joined forces with Instacart to offer same-day delivery in four US markets as it seeks to rival Amazon’s rapid fulfilment proposition.
-
Opinion‘Retailers must recession-proof ahead of crunch Christmas’
Data released over the past few days has laid bare the extent of the challenge the UK economy faces over the coming months and years.
-
NewsDebenhams axes 2,500 jobs in fresh cost-cutting drive
Debenhams is axing 2,500 staff across its stores and warehouses as the business grapples to reduce its cost base.
-
NewsTesco extends improved payment terms for small suppliers until 2021
Tesco has extended its improved payment terms for smaller suppliers until next year to help businesses through the coronavirus crisis.
-
Opinion‘Don’t believe all the online hype – Next and Majestic show value of stores’
Amid a slew of strategic shifts focused on online growth and store closures, it was refreshing to have some timely reminders of the power of bricks and mortar this week.
-
NewsAldi to create 1,200 new jobs before Christmas in store expansion drive
Aldi is to create more than 1,200 new jobs before the end of the year as it presses ahead with ambitious expansion plans despite the coronavirus crisis.
-
NewsShopify sales surge to topple rival eBay for first time
Shopify has registered a surge in second-quarter sales as revenues raked in through its websites surpassed those of rival eBay for the first time.
-
NewsWestfield hails ‘encouraging’ footfall in reopened malls
Property giant Unibail-Rodamco-Westfield (URW) has hailed an “encouraging footfall recovery” at its malls since they reopened following lockdown.
-
NewsMajestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
-
AnalysisAmazon delivery offensive: grocery game-changer or false dawn?
Online powerhouse Amazon is taking on the big grocers with a free delivery service. Here, Retail Week’s executive editor and editor debate whether the new offensive will change the grocery landscape.
-
NewsCard Factory sales exceed expectations after store reopenings
Card Factory has suffered a fall in sales but said revenues raked in from its stores since reopening after lockdown have exceeded its expectations.