More on Me + Em – Page 845
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NewsNew Look CVA approved, 60 stores to close
New Look’s landlords have approved its Company Voluntary Arrangement, paving the way for the retailer to shutter 60 stores.
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NewsM&S hires Julian Richer to drive cultural change
Marks & Spencer has hired Julian Richer to advise it on culture change and staff communication, Retail Week can reveal.
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Report StoreBlockchain – The Future of the Supply Chain
How tech will revolutionise transparency throughout retail
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NewsSainsbury’s ploughs £150m into new round of price cuts
Sainsbury’s has initiated a new round of price cuts which it says should reduce the price of an average family shop by 8%.
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NewsScS profits rise but Beast from the East hits orders
ScS’ half-year earnings have risen, although the value furniture retailer’s recent sales were hit by adverse weather conditions, when orders were affected by the snow.
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NewsKingfisher profits decline as B&Q sales drop
Kingfisher’s full-year profits have declined, dragged down by business disruption and a “softening market” in which B&Q sales fell.
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NewsMoss Bros issues full-year profit warning
Moss Bros has issued a profit warning, blaming a reduction in footfall and a consolidation of its supplier base following the weakness in sterling.
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NewsMothercare lenders defer covenant testing
Mothercare’s lenders have agreed to defer covenant testing as it scrambles to secure additional sources of financing.
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NewsCarpetright secures emergency capital as it mulls CVA
Carpetright has secured emergency capital to tide it over as it sets about restructuring the struggling business.
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AnalysisStore of the week: Starbucks Reserve, Seattle
Opened at the end of February, the new-look Starbucks Reserve store, in its home city of Seattle, shows the lengths that purveyors of warm beverages are prepared to go to in order to create ‘premium’ experiences for their customers.
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NewsMothercare drafts in KPMG to advise on refinancing
Mothercare has appointed KPMG to advise on its refinancing as it seeks waivers of some of its financial covenants and attempts to raise more cash.
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NewsPottery Barn to launch in John Lewis this year
Williams Sonoma will launch its Pottery Barn brand in the UK with John Lewis later this year.
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NewsJohn Lewis weekly sales inch up driven by home tech
John Lewis sales edged up last week as a boost in electricals and home technology offset flagging performance elsewhere.
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NewsLK Bennett drafts in new boss as Darren Topp exits
LK Bennett has appointed East’s chief executive Erika Vilkauls to succeed Darren Topp, who will step down from the helm of the fashion retailer next month.
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NewsBRC urges clarity on cross-border trade during Brexit
The BRC has emphasised the need for clarity on future trading across the Northern Irish border following the Brexit transition deal agreed this week.
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NewsOcado sales jump in a frosty first quarter
Ocado’s retail sales climbed in its first quarter, despite the impact of wintry weather conditions in the final week.
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NewsDebenhams cosies up with Swoon for concession deal
Debenhams has partnered with furniture brand Swoon Editions to bring the latter’s collections into its department stores.
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NewsNew Look poaches digital guru Walmsley from Warehouse
New Look has appointed Warehouse’s Kate Walmsley to head its ecommerce and digital operations, Retail Week can reveal.
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NewsInstagram ties up with M&S for Shopping UK launch
Instagram has bolstered its social commerce offer in the UK with a suite of tools that allow shoppers to buy items directly from in-app photos.
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Retail VoiceThe key behaviours of a retail disruptor
JDA Software vice-president of retail industry strategies JoAnn Martin looks at new research that explains how disruptive retailers are shaping the future of the industry.