All articles by Luke Tugby – Page 25
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NewsZara owner Inditex posts first-ever quarterly loss
Zara owner Inditex has reported its first-ever quarterly loss as the coronavirus crisis took its toll on the group’s bottom line.
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NewsMulberry to axe quarter of workforce amid coronavirus crisis
Mulberry plans to axe a quarter of its workforce across the globe as the coronavirus pandemic takes its toll on the business.
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NewsSosandar pens deals with Next and John Lewis as sales surge during lockdown
Sosandar will start selling its clothing through the John Lewis and Next websites as it seeks to build on surging sales during the first two months of its financial year.
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NewsAudit watchdog ends probe into Tesco’s £326m accounting scandal
The audit watchdog has closed its investigation into Tesco almost six years on from its accounting scandal.
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NewsMorrisons extends small suppliers immediate payments pledge
Morrisons is extending its pledge to make immediate payments to small suppliers for a further three months to help them through the coronavirus crisis.
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OpinionOpinion: Walmart is right – head offices must be an asset, not a burden
Retailers the world over have already had to make some huge strategic calls in their short-term responses to the coronavirus crisis.
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NewsWalmart presses ahead with new HQ plan despite Covid-19 crisis
Walmart is pressing ahead with plans to launch its new headquarters despite the switch to remote working sparked by the coronavirus crisis.
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NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
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NewsGrocers urge CMA to block Amazon-Deliveroo deal
Retailers are ratcheting up the pressure on competition authorities to block Amazon’s investment in Deliveroo, just days before a final verdict on the deal is due.
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AnalysisAnalysis: Will Ted Baker’s new ‘growth formula’ put it back in fashion?
After enduring a torrid 2019 marred by numerous profit warnings and seismic change at management level, Ted Baker has unveiled a new strategy designed to take the business forward. Retail Week analyses whether it will be enough to return the fashion brand to its former glories
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NewsSainsbury’s new boss Roberts reshuffles senior leadership team
Sainsbury’s new boss Simon Roberts has reshuffled his senior leadership team on his first day at the helm.
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NewsEve Sleep hails ‘improving trading’ patterns despite lockdown
Eve Sleep has hailed “improving trading” patterns during April and May following initial “disruption” sparked by the coronavirus crisis.
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NewsHarrods to launch outlet store at Westfield London
Harrods is to open an outlet store at Westfield London to help it shift excess seasonal stock that has gone unsold during the coronavirus crisis.
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NewsB&M sales surge as DIY and gardening demand spikes in lockdown
B&M has posted a jump in sales during lockdown, driven by “exceptionally strong” performance in grocery, DIY and gardening categories.
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OpinionOpinion: Forget the past – the months ahead will define retailers’ futures
There is a strange juxtaposition to be juggled in the minds of retail leaders as they prepare for a June 15 reopening.
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NewsMonsoon Accessorize teeters on brink putting 3,500 jobs at risk
Monsoon Accessorize is on the brink of becoming the latest retailer to tumble into administration amid the coronavirus crisis, putting 3,500 jobs at risk.
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AnalysisAnalysis: Has coronavirus called a halt to Aldi’s growth?
The relentless rise of Aldi over recent years has been one of grocery retail’s enduring success stories. The value giant, like rival Lidl, ate into the market share of mainstream grocers as consumers gorged on its low prices and tightly curated range.
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VideoFace time: Ocado’s Luke Jensen – how Covid-19 is shaping the future of ecommerce
Ocado Solutions chief executive Luke Jensen discusses how the business is “reinventing” how it works, its race to increase capacity and the future of online grocery shopping across the globe.
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NewsCoronavirus to ‘exacerbate’ UK’s £5.2bn returns problem
The coronavirus crisis will “exacerbate” UK retail’s £5.2bn returns problem as more and more people shift their spending online, experts have warned.
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NewsAsda sales jump during lockdown but profits dip
Asda has posted an increase in revenues during the first quarter of parent company Walmart’s financial year, driven by increased grocery sales during the coronavirus crisis.