All News articles – Page 1020
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NewsSupergroup like-for-likes down and full-year profits may suffer
Supergroup retail like-for-likes fell 3.1% in its fourth quarter as it revealed it is likely to post full-year profit at the lower end of expectations.
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NewsMorrisons blames competitive market for first quarter sales fall
Morrisons like-for-like sales excluding fuel slumped 7.1% in its first quarter due to the “continued” competitive market.
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NewsPoundland full-year sales near £1bn mark as they grow 13.3%
Poundland has revealed sales of almost £1bn in its full-year update, which jumped 13.3% to £997.8m, as it plans new store openings.
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NewsBreakfast briefing: Retail news on the Co-op, John Lewis and Ocado
Retail news round-up on May 8, 2014: Banks ready £300m to back Co-op Pharmacy sale, John Lewis teams up with LG to make own brand smart TV and Ocado investors vote against remuneration policy
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NewsSainsbury's Justin King: 'The gap between us and rivals will only get bigger'
Sainsbury’s departing chief executive Justin King has insisted that the gap on quality and values that differentiates the grocer from competitors will only widen as rivals continue to focus on price investment.
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NewsTesco's pound aisles 'not a threat', say value retailers
Value retailers have shrugged off Tesco’s plans to go head-to-head with them by introducing ‘pound zones’ in its stores and insist it is not a threat.
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NewsGrocery market growth falls to 11 year low as price war intensifies
The escalating grocery sector price war led to the market growing at its lowest level for 11 years as the discounters share steal continued.
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NewsWiggle hires former Brighthouse director as chief financial officer
Wiggle has appointed former Brighthouse director Giles David as its chief financial officer.
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NewsCo-op board failures have left it unprepared for grocery price war, Lord Myners warns
The Co-operative Group’s outmoded governance structure has left it utterly unprepared for a grocery price war, reform champion Lord Myners has warned.
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NewsChinese etail giant Alibaba files for one of the biggest IPOs in history
Chinese online giant Alibaba has filed documents for its IPO in New York, which is expected to be one of the largest in history.
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NewsCo-op must instil radical change if it is to be saved, says Lord Myners
The Co-operative Group has been slammed for its “deplorable governance failures” that have led to “near-collapse” in a review by Lord Myners.
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NewsSainsbury's full-year profits up 5.3% as boss Justin King prepares to bow out
Sainsbury’s has reported underlying pre-tax profit up 5.3% to £798m in the year to March 15 as chief executive Justin King prepares to leave.
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NewsShop prices deflated for the twelfth consecutive month in April
Shop prices fell again in April, driven by non-food, according to the British Retail Consortium (BRC) – Nielsen Shop Price Index.
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NewsBreakfast briefing: Retail news on Apple, River Island, Carphone Warehouse and more
Retail news round-up on May 7, 2014: Carphone Warehouse and Dixons to merge, food inflation slows, River Island withdraws product and more.
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NewsAt a glance: Alliance Boots' Latin American acquisition, Farmacias Ahumada
As Alliance Boots acquires two pharmacy chains in Latin America, Retail Week lifts the lid on parent firm Farmacias Ahumada.
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NewsTesco concluding major staff restructure to drive multichannel growth
Tesco is close to concluding a major staff restructure across its entire business as it seeks to fulfill its multichannel ambitions.
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NewsGoogle acquires UK retail forecasting firm Rangespan
Google has acquired UK retail forecasting start-up Rangespan for an undisclosed amount.
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NewsIn pictures: Premium meat supplier Muddy Boots opens first shop
Muddy Boots, the independent premium meat supplier that famously turned down a mass-market deal with Tesco last year, opened its first shop in London’s Crouch End yesterday.
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NewsBargain Booze owner Conviviality acquires rival's stores for £1.7m
Bargain Booze owner Conviviality has acquired 26 stores from Bibby Retail Services’Rhythm and Booze chain for £1.7m.
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NewsAlliance Boots to acquire two pharmacy chains in Latin America
Alliance Boots is set to acquire two pharmacy chains in Latin America, adding 1,400 stores to its estate.