All articles by Luke Tugby – Page 7
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NewsJohn Lewis moves into clothing rental with Thelittleloop tie-up
John Lewis is dipping its toe into clothing rental after kicking off a trial with kidswear rental platform Thelittleloop.
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NewsMike Ashley’s Frasers Group takes $30m hit on sale of US businesses
Frasers Group has sold its two businesses in the US in a $70m (£55.7m) deal.
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NewsWickes hails ‘continued momentum’ despite dip in sales
Wickes has hailed a “promising start” to its financial year despite reporting a dip in sales.
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AnalysisFrom AR to Gen Z – the must-read stories and insight from Retail Week Live 2022
Reporting by: Grace Bowden, George MacDonald, Hugh Radojev, Rosie Shepard, Luke Tugby
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NewsInflation balloons to highest rate for 40 years as recession fears mount
Inflation has hit its highest rate in 40 years as soaring energy bills pile further pressure on consumers.
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NewsMorrisons rescue deal for McColl’s cost £182m
Morrisons shelled out the equivalent of £182m to rescue the collapsed convenience chain McColl’s, administrators’ documents have revealed.
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NewsBurberry posts profit uplift but cautions on China recovery
Burberry has posted a rise in full-year profit but cautioned that its outlook for future trading is dependent on the rate of the recovery in its key Chinese market.
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NewsKingfisher and AllSaints executives join BRC board
Executives from DIY giant Kingfisher and fashion brand AllSaints have been appointed to the board of the British Retail Consortium (BRC).
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NewsJohn Lewis chair White calls for cost-of-living aid from government
The chair of John Lewis Partnership, Dame Sharon White, has called on the government to launch a financial package of support to help families navigate the cost-of-living crisis.
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NewsZara starts charging customers for online returns
Zara has started charging shoppers who return items purchased online.
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Opinion‘As CD&R rescues McColl’s, it’s time to change the narrative on private equity’
After a wretched few days, today finally brought some much-needed certainty for McColl’s 16,000 employees and the 2,000 members of its two pension schemes.
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NewsCD&R to sell 87 petrol stations to clear way for Morrisons takeover
Private equity giant Clayton, Dubilier & Rice (CD&R) is to sell almost 90 petrol station forecourts, paving the way for it to complete its £7bn takeover of Morrisons.
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NewsTesco joins forces with Uber to expand Whoosh rapid delivery service
Tesco has partnered with Uber to accelerate the rollout of its Whoosh rapid grocery delivery proposition.
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NewsJD Sports, Frasers, Asos and Shein mull Missguided bids
Several retailers are considering takeover bids for Missguided after the etailer admitted it was exploring “strategic options” for its future.
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NewsCard Factory swings to profit as sales mount ‘steady recovery’
Card Factory has bounced back into the black after mounting a “steady recovery” in sales following the coronavirus pandemic.
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NewsIssa brothers’ EG Group in £12bn merger talks with Couche-Tard
EG Group, the petrol forecourt giant operated by Asda owners the Issa brothers, is reportedly in talks to merge with Canadian c-store titan Couche-Tard.
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NewsTed Baker fields bid interest from ‘a number’ of potential buyers
Ted Baker has received “a number” of proposals from potential bidders as the battle to take the fashion chain private intensifies.
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NewsWHSmith bounces back into black as travel retail rebounds
WHSmith has swung back into profit and insisted that its recovery from the coronavirus pandemic is “well underway”.
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NewsExclusive: Carpetright chair Wilf Walsh to step down
Wilf Walsh is to step down from the helm of Carpetright parent Nestware, Retail Week can reveal.
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AnalysisAnalysis: How Tesco is tackling retail’s three most ‘significant uncertainties’
Tesco unveiled surging profits as it powered through the pandemic – but there was more than an air of caution as directors presented full-year results.