All News articles – Page 1168
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NewsOcado bosses to receive pay boost through bonus scheme
Ocado chief executive Tim Steiner is to receive an annual bonus of shares worth up to £1.8m under a new scheme revealed late last week.
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NewsFindel full year results "in line with expectations" as turnaround gains pace
Home shopping group Findel is to report full year results “in line with market expectations” as it turnaround gains pace
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NewsStuart Machin appointed MD of Australian retailer Target
Former Sainsbury’s and Asda director Stuart Machin has been appointed managing director of Australian department store group Target.
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NewsMarks & Spencer to reveal a further clothing slump
Marks & Spencer is expected to reveal a dip in clothing sales for the seventh quarter in a row when it updates the market on Thursday.
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NewsSir Terry Leahy-backed tyre etailer’s eyes European deal as sales soar
Online tyre retailer Blackcircles.com, which is backed by former Tesco chief executive Sir Terry Leahy and operates Tesco Tyres, is in talks to buy or partner with rival European firms as it looks to expand its relationshp with the grocer.
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NewsTesco faces £1bn bill to quit loss-making US arm Fresh & Easy
Tesco is facing a bill of around £1bn to exit the US after chief executive Philip Clarke decided to call time on its Fresh & Easy business.
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NewsOnline sales rocket in March amid poor weather conditions
Poor weather last month drove shoppers online as etail sales rocketed 12%, but shoppers shunned visits to physical stores amid the ice and snow.
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NewsB&Q’s seasonal palette gets a new shade
Kingfisher chief executive Ian Cheshire was fielding a lot of questions about the weather last week after reporting a dip in profits for the first time in five years.
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NewsMorrisons considers complaining to ASA over Tesco Price Promise
Grocer Morrisons is considering complaining to the Advertising Standards Authority (ASA) about Tesco’s Price Promise.
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NewsHMV: Full list of the 141 stores bought by Hilco
See below for details of the 141 HMV stores acquired by Hilco.
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NewsLovehoney starts US marketing push as it launches Fifty Shades range
Online sex toy retailer Lovehoney has kickstarted a major marketing push in America as it starts selling the official Fifty Shades of Grey collection in the country.
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NewsJohn Lewis sales increase 23.1% despite wintery conditions
John Lewis sales surged 23.1% last week despite the coldest March in 50 years having a “dramatic effect” on the department store’s sales pattern.
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NewsUPDATED: Hilco buys HMV and drafts in ex-Steinhoff boss Topping
Hilco has bought collapsed entertainment retailer HMV and drafted in former Steinhoff UK boss Ian Topping to lead the business.
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NewsFrom toilet duck to fat duck
At the launch of his glasses range for Vision Express, TV chef Heston Blumenthal explained that a play fight years ago with ex-Arsenal footballer Lee Dixon and an ill-aimed toilet brush means he cannot wear contact lenses.
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NewsDr Martens to double its store count in retail push
Footwear brand Dr Martens aims to double its store count as its retail business takes on increasing importance.
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NewsRent-to-own retailer BrightHouse creates new senior roles
Rent-to-own electricals and furniture retailer BrightHouse has made a raft of senior appointments including its first head of ecommerce.
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Falabella's chief executive Juan Benavides Feliú to exit
Multi-format operator Falabella’s chief executive Juan Benavides Feliú is to step down. According to the retailer’s supervisory board, Feliú is to leave with “immediate effect”. No reasons for the exit were given.
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Walmart bribery allegations likely to incur losses
Walmart is likely to incur losses relating to bribery allegations in Mexico. The allegations surfaced last year and centred on company representatives reportedly bribing officials in Mexico in support of new store openings. The disclosure was made in Walmart’s recently filed annual report.The matter cost Walmart $157m (£103.5m) in the ...
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NewsMonsoon Accessorize in the red after ‘most difficult year ever’
Monsoon Accessorize plunged into the red last year after suffering what founder Peter Simon described as the “most difficult” period in its 40-year history.
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Department store JC Penney revives abandoned pricing strategy
Department store group JC Penney has revived the pricing strategy it had abandoned, which involves increasing prices of private label lines then discounting them as a means of improving sales and margins.The retailer began changing merchandise prices in March and will complete the process this month, according to a JC ...