More on Me + Em – Page 573
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NewsUS retailers and brands offer support to protests
Some US retail chains have sustained damage and had goods stolen amid protests against police violence against black people, but many have released statements supporting the protestors.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsTesco chief financial officer to step down next year
Tesco’s “outstanding” finance boss Alan Stewart will retire from the grocer next year after six years in the role.
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NewsIkea strikes up partnership to drive circular economy ambitions
Ikea has partnered with sustainability charity The Ellen MacArthur Foundation in a bid to reduce product waste and ultimately become a circular business by 2030.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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OpinionOpinion: Covid-19 has exposed retail’s digital dawdlers
It would be no overstatement to suggest that the Covid-19 emergency has prompted one of the most seismic shifts in consumer behaviour in the last 100 years.
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Future LeadersBe Inspired: Coca-Cola European Partners’ Catherine Gillespie on leading with inclusion
Ahead of her appearance at RWRC’s Be Inspired virtual conference, Europe’s largest diversity event, HR director Gillespie explains why diversity and inclusion are “mission-critical” for businesses – particularly in the pandemic situation when company culture is more important than ever.
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NewsAldo falls into administration amid coronavirus troubles
The UK division of Canadian footwear specialist Aldo has collapsed into administration, blaming its travails on the impact of the coronavirus pandemic.
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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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AnalysisLive updates: Tracking retailers’ store reopening plans
The government has announced that all non-essential shops may open for trading from June 15. Retail Week tracks what retailers are planning to do in the new socially distanced world. Last updated on June 12.
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NewsPrimark: Online ‘not a priority’ as it prepares for stores reopening
Primark will not prioritise the creation of a transactional online business despite the rise of ecommerce during the Covid-19 pandemic.
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NewsJD Sports to reopen ‘as many stores as possible’ on June 15
JD Sports will reopen most of its store estate from June 15, according to a note from Peel Hunt.
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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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NewsBoohoo threatened with lawsuit over ‘sham Sales’
Online fashion powerhouse Boohoo is confronting the prospect of a $100m lawsuit in the US over claims that consumers were misled with ‘sham Sales’.
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NewsPret a Manger to renegotiate rents as it prepares for post-pandemic world
Sandwich and coffee specialist Pret a Manger has drafted in advisers to renegotiate rents as it adapts to the effects of the coronavirus pandemic.
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NewsTed Baker launches fundraising to drive recovery after profits collapse
Ted Baker has reported a plunge into loss last year and unveiled a fundraising to enable a return to growth.
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NewsPrimark targets June 15 reopening for majority of stores
Value fashion giant Primark aims to open its English stores a fortnight today, by which time the majority of its international estate will be trading again.
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NewsCoronavirus: Employers to contribute 20% of furloughed staff salary from October
Chancellor of the exchequer Rishi Sunak has unveiled changes to the furlough scheme which will see employers contribute 20% of all staff salary by October.
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NewsAlibaba launches influencer recruitment drive to bolster international spend
Alibaba aims to sponsor 100,000 influencers through its international online marketplace AliExpress in a bid to drive online spending.
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NewsDebenhams chief executive steps down as reopening nears
Debenhams’ chief executive Stefaan Vansteenkiste has stepped down as the department store group prepares for the next phase of its turnaround.