All articles by Luke Tugby – Page 60
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NewsTesco shareholders urged to rebel over boss Lewis’ pay
Tesco’s shareholders have been urged to vote against boss Dave Lewis’ “excessive” pay and bonus package at its AGM next week.
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NewsHouse of Fraser insists CVA plan ‘on track’
House of Fraser has insisted it is “on track” with plans to launch a CVA and secure new investment despite an alleged battle with its lenders.
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NewsMothercare CVA given green light by creditors
Mothercare’s creditors have approved the troubled retailer’s plans to shutter 50 stores and slash rents through a company voluntary arrangement (CVA).
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NewsLush slammed over 'anti-police' #SpyCops campaign
Lush has been slammed by shoppers and members of the police for a campaign aimed at raising awareness of the “spy cops” scandal.
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OpinionOpinion: Asda needs Sainsbury’s shoulder to lean on
The old analogy of two drunk men propping each other up at a bar has been used in the past to describe retail mergers.
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NewsMorrisons outgrows big four amid May heatwave
Morrisons outgrew its big four rivals during May as warm weather, the royal wedding and the FA Cup final boosted overall grocery sales.
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NewsCath Kidston names new boss to succeed outgoing Wilson
Cath Kidston has poached Melinda Paraie, an executive at American jewellery business John Hardy, to become its new boss.
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VideoThe Retail Week: Why couldn't Tesco make money online?
Tesco decided to ditch its Direct business after it saw “no route to profitability”. Why couldn’t the UK’s largest retailer make money online?
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NewsSainsbury’s ushers in new pay deal following consultation
Sainsbury’s has rubber-stamped plans to invest £110m in a new pay deal for staff following a consultation with workers.
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InterviewInterview: Why the king of the mall is betting on Westfield
Westfield’s shareholders voted in favour of Unibail-Rodamco’s acquisition of the shopping centre owner this morning. The latter’s boss Christophe Cuvillier reveals why he is making an £18.4bn bet on physical retail.
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OpinionOpinion: Could M&S be on Amazon's wish list?
Amazon has been linked with a raft of UK grocers since its acquisition of Whole Foods last year – talk that has increased in fervency following the shock Sainsbury’s-Asda merger.
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NewsTesco to shut down non-food website Tesco Direct
Tesco is axing its standalone clothing and general merchandise website after concluding there was “no route to profitability” for the business.
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NewsTesco exec Hoggett returns to UK in new operations role
Tesco’s Asia boss Tony Hoggett is returning to the UK to take up the newly created role of chief operations officer.
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AnalysisAnalysis: Will Ocado’s US deal put it on the map?
The word “transformative” can sometimes be used loosely in today’s fast-moving retail landscape, but Ocado’s board could be forgiven for such language this week.
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NewsAsda sales rise for fourth consecutive quarter
Asda has registered its fourth consecutive quarter of sales growth as the earlier fall of Easter boosted its performance.
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DataData: Quarter of consumers shop at Sainsbury's and Asda
Around 25% of consumers shop at both Sainsbury’s and Asda where the two supermarkets are in close proximity, research has revealed.
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NewsMoss Bros hails 'improvement' despite sales decline
Moss Bros has suffered a further sales decline, but pointed to an “improvement” in performance as it grapples to turn around its fortunes.
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NewsIkea names Quiñones as new UK boss to replace Drakeford
Ikea has named a new UK and Ireland boss as Gillian Drakeford prepares to move into its worldwide franchise business.
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AnalysisAnalysis: How Co-op and Nisa are gearing up for growth
Amid the noise generated by Tesco’s takeover of Booker, Morrisons’ splurge of supply deals and the proposed Sainsbury’s-Asda merger, the Co-op’s swoop for Nisa has been comparatively drowned out.
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AnalysisAnalysis: Does the CVA need a restructure of its own?
It was an unprecedented step – and one that consequently sent tremors pulsing through the retail and property industries.