All articles by Luke Tugby – Page 23
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NewsGreggs swings to loss but ‘encouraged’ by sales since reopening
Greggs has tumbled into the red after store closures sparked by the coronavirus pandemic hammered its top and bottom lines.
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NewsWalgreens Boots Alliance boss Stefano Pessina steps down
Walgreens Boots Alliance chief executive Stefano Pessina is stepping down, six years after leading the group’s mega-merger.
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NewsAmazon throws down gauntlet to supermarkets by launching free grocery deliveries
Amazon has launched free grocery deliveries for its Prime members in a move that could land a major blow to its supermarket rivals.
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NewsGousto to create 1,000 new jobs as sales surge in lockdown
Gousto will create 1,000 new jobs as part of ambitious plans to ramp up its expansion following a surge in sales.
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NewsSainsbury’s trials virtual queuing system in tie-up with Ufirst
Sainsbury’s is testing a new virtual queuing system and accelerating the rollout of checkout-less shopping as it ramps up its response to the coronavirus pandemic.
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VideoFace time: Brewdog exec David McDowall on D2C, drones and Dominic Cummings
Brewdog chief operating officer David McDowall discusses how the Scotland-based brewery threw its business plan “right out the window” during the coronavirus crisis, shifting focus to its direct-to-consumer proposition and “doing good” for communities and charities.
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NewsTesco names Jan Marchant as new boss of F&F clothing business
Tesco has named Jan Marchant as the new chief executive of its F&F clothing division, seven months after Richard Price left to rejoin Marks & Spencer.
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NewsHigh streets could become housing hubs amid online shift, think tank says
Struggling UK high streets could be transformed into residential hubs as the shift to online shopping accelerates, a prominent think tank has suggested.
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NewsEve Sleep narrows losses despite sales slide
Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
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NewsKingfisher revenues rise as online sales treble in lockdown
Kingfisher has posted a spike in second-quarter sales following “strong demand” across its European markets and online.
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NewsEbay sells Gumtree to Norwegian rival Adevinta in $9bn deal
Ebay has sold its online classifieds business, which includes its Gumtree platform in the UK, in a $9bn (£7.1bn) deal as it ramps up focus on its core marketplace proposition.
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Opinion‘Walmart’s Asda Price must be right to secure private equity backing’
On, then off. On, then off. And now back on again. Walmart has resumed efforts to sell off a majority stake in Asda – and hopes it will prove to be third time lucky.
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Opinion‘Retailers must seize Covid opportunity to radically restructure’
The need to transform to keep pace with consumer demands and habits is a never-ending narrative in UK retail.
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NewsDunelm sales slide despite ‘significant’ online growth
Dunelm has posted a sharp drop in sales during its fourth quarter despite hailing “significant” growth in its online business.
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NewsAsos sales surge during lockdown as international markets drive growth
Asos has posted a jump in sales during the coronavirus lockdown and said it expects to deliver “strong profit growth” across its financial year.
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NewsDixons Carphone profits tumble as coronavirus closures hit bottom line
Dixons Carphone has suffered a slump in full-year profits as sluggish performance in its mobile phone business and store closures sparked by coronavirus impacted its bottom line.
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DataData: M&S to Monzo – the top 50 brands bossing customer experience
In the midst of the coronavirus pandemic, customer needs and behaviours have shifted rapidly in just a few months.
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OpinionOpinion: Summer statement cements retail’s place as UK’s invisible industry
There was hope, rather than expectation, that chancellor Rishi Sunak would offer retailers a lifeline this week.
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NewsWalmart to launch Amazon Prime-like subscription service this month
Walmart plans to launch its subscription service this month as it throws down the gauntlet to Amazon Prime.
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NewsMike Ashley’s Frasers Group refuses to pay rents
Mike Ashley’s Frasers Group has told landlords it will not pay rents until it is “fully able to freely trade as a business” again.