More on Me + Em – Page 691
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OpinionBryan Roberts: Sainsbury’s stores still a mixed bag
Against a backdrop of relentless discounters, a resurgent Tesco and a recovering Asda, Sainsbury’s put out its first-quarter update this morning, putting a brave face on what might be considered a tepid set of numbers.
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NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
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NewsSosandar sales rocket as losses narrow
Sosandar has registered a surge in sales and narrowed losses during its full-year results as it “continues to expand its product range” to fuel “future growth”.
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NewsCoupe: ‘You couldn’t choose a worse date’ for Brexit
Sainsbury’s chief executive Mike Coupe has lamented the timing of Brexit and insisted “you couldn’t choose a worse date” than October 31 for Britain to leave the EU.
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NewsThe Hut Group sales and profits soar in ‘landmark year’
The Hut Group has posted an uplift in full-year sales and profits bolstered by international growth as the retailer scaled up investments across its brands and technology.
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NewsThe Works profits dip as like-for-like sales rise
The Works reported a decline in its profit before tax, despite an increase in its like-for-like sales.
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NewsTopps Tiles like for likes increase in third quarter
Topps Tiles has reported a rise in like-for-like sales in its third quarter and improved trading from the levels reported in the first half of the year.
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NewsSainsbury’s sales fall in ‘tough’ first quarter
Sainsbury’s like-for-like sales fell by 1.6% in the first quarter, as the grocer struggled in what it described as a “tough market”.
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NewsAmazon to create 2,000 new UK jobs
Amazon is set to increase its UK headcount to nearly 30,000 with recruitment to 2,000 new roles across the organisation this year.
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NewsConsumers given ‘welcome break’ as shop prices fall
Shop prices fell last month for the first time since October last year in a sign of “fierce competition between retailers”, according to the BRC-Nielsen Shop Price Index.
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NewsFortress closes in on £100m Majestic Wine deal
US private equity firm Fortress is closing in on a £100m deal to buy Majestic Wine – and has sounded out industry veteran Dan Jago to run the business.
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NewsSports Direct’s long-standing head of retail Karen Byers exits
Sports Direct’s retail chief Karen Byers has abruptly exited the retailer after a 28-year stint at the business.
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OpinionOpinion: JLP must beware death by a thousand cuts
John Lewis partners have been dealt a blow by the news that some of them will lose their partnership status – and thousands of pounds each year.
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AnalysisAnalysis: The new route to retail CEO
In the rapidly changing world of retail, what are the skills that a future chief executive needs and what roles are desirable as they make their way to the hot seat?
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InterviewInterview: Zalando womenswear boss on building ‘the Spotify of fashion’
Zalando’s vice president of womenswear Sara Diez talks to Retail Week about how the online retailer is aiming to become the ultimate go-to destination for fashion
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NewsOffice latest high street retailer to mull CVA
Office is considering launching a CVA as part of a restructuring process which is expected to take place over the next few weeks.
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NewsBonmarché management sell stakes to Day
Bonmarché’s management have sold their shares in the business to Philip Day, just weeks after telling shareholders to ignore the entrepreneur’s offer.
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Retail VoiceRetailers must prioritise the in-store experience
To survive on today’s high street, retailers must transform their stores into immersive shopping destinations