All News articles – Page 1068
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NewsAsda launches price-cutting campaign to rival discounters
Asda has started its biggest-ever discounting campaign with a pledge to cut £50m from the cost of essential food items in the first three months of the year as it aims to make rivals including pound shops and Aldi “look expensive”.
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NewsJohn Lewis full-price strategy pays off as Christmas margins hold firm
John Lewis margins held firm over Christmas after it maintained its full-price strategy over the festive period, according to boss Andy Street.
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NewsAsda poll shows older women are going online to make savings
More than 80% of older women use the internet to save money as they become more tech-savvy to make their pensions stretch further, according to the Asda Mumdex.
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NewsHouse of Fraser delivers best ever Christmas driven by online sales
House of Fraser has recorded its best Christmas trading period fuelled by a 57.7% surge in online sales.
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NewsJohn Lewis Christmas sales hit £734m as it plans to open 25 stores by 2023
John Lewis recorded a 7.2% sales jump to £734m in the Christmas trading period as it revealed plans to ramp up store openings in the next 10 years.
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NewsDebenhams chief financial officer Simon Herrick resigns
Debenhams chief financial officer and director Simon Herrick has resigned and will leave the retailer on February 7.
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NewsBreakfast briefing: Retail news on John Lewis, Debenhams, Osborne Stationers, Asda and Ikea
Retail news round-up on January 2, 2014: John Lewis plans to double store estate in next decade, Debenhams chief financial officer resigns, Osborne Stationers sells two stores to Paperweight, Asda kicks off discounting campaign and Ikea aims to double market share in Germany.
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NewsDebenhams warns on profits as Christmas shoppers stay away
Department store group Debenhams has issued a profit warning after Christmas shoppers shunned the retailer.
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NewsTesco gets green light for Indian chain
Tesco has been given approval by Indian regulators to go ahead with plans to open a chain of supermarkets in the country.
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NewsHarrods boss labels Chinese visa scheme 'smoke and mirrors'
Harrods managing director Michael Ward has warned that measures taken by the Government to make it easier for Chinese visitors to come to the UK are likely to have little effect.
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NewsKingfisher boss Ian Cheshire knighted in New Year's Honours list
Kingfisher chief executive Ian Cheshire has been recognised in the New Year’s Honours list.
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NewsPhase Eight owner cashes in through refinancing
Phase Eight owner private equity firm Towerbrook has laden the womenswear retailer with more debt so it can pocket a multimillion-pound payout.
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NewsFootfall edges up in December as price cuts woo shoppers
Footfall edged up 0.6% against last December, according to data specialist Ipsos Retail Performance, as price slashes wooed shoppers to store.
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NewsBurberry and Sainsbury’s top takeover targets in 2014, says UBS
Retailers including Burberry and Sainsbury’s have been tipped as takeover targets next year by investment bank UBS.
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NewsBreakfast briefing: Retail news on Burberry, Sainsbury's, Waitrose, Phase Eight and Christmas footfall
Retail news round-up on December 30, 2013: Burberry and Sainsbury’s top takeover targets in 2014, says UBS, Footfall edges up in December as price cuts woo shoppers and Waitrose boss Mark Price questions future of supermarket loyalty cards.
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NewsBoxing Day high street footfall declines while retail parks grow 10%
Shoppers headed out in their droves for the Boxing Day Sales yesterday, with footfall to retail parks and shopping centres increasing by 10% year on year.
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NewsMobile accounts for 76% of Christmas Day traffic at John Lewis
Mobile devices accounted for 76% of John Lewis’s online traffic on Christmas Day, the highest level of mobile traffic the retailer has seen.
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NewsMore than half of Amazon Christmas shoppers used mobile devices
More than half of Amazon customers shopped using a mobile device over the Christmas period, the etailer reported in its round-up of holiday statistics.
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NewsShoppers to spend almost £3bn in Sales on December 27
Nearly £3bn is expected to be spent by UK shoppers in the Sales on December 27, according to estimates.
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NewsChristmas and Boxing Day online sales expected to have topped £890m
Etail sales on Christmas Day and Boxing Day this year are expected to have made more than £890m as shoppers browse the Sales while at home.