All News articles – Page 138
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NewsMorrisons racks up annual loss of £1bn
Morrisons has suffered an annual loss of £1bn as it battled intense competition and laboured under the weight of debt.
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News‘Online is the new car boot sale’, says Charity Super.Mkt founder
Charity Super.Mkt co-founder Maria Chenoweth has said “online is the new car boot sale” when speaking about the role of pre-loved in the fashion market, alongside Depop, eBay and River Island at LIVE 2024.
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NewsDecathlon presents new brand identity as it revises global ambitions
Sportswear giant Decathlon has unveiled its new brand identity to push forward its “ambition to bring innovative and sustainable sport to everyone.”
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NewsAndy Higginson: Government should treat retail with ‘more respect’
JD Sports and BRC chair, Andy Higginson said “retail is taken for granted” as he spoke about the government’s role in supporting the sector at LIVE 2024.
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NewsAmazon UK boss Boumphrey: Gen-AI the ‘most transformational technology since the internet’
Amazon UK country manager John Boumphrey has said the generative AI will probably be the “most transformational technology for the retail industry since the arrival of the internet”.
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NewsAldi raises frontline staff pay for a second time this year
Aldi has unveiled a second pay rise for colleagues this year, upping hourly rates for store assistants and deputy store managers to £12.40 outside London and £13.65 inside the M25.
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NewsInditex investors push to reveal supply chain list
Inditex has been urged by investors to make its full list of suppliers public to better assess supply chain risks.
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NewsMango profits double as sales surpass €3bn for the first time
Mango has announced soaring profits and sales for the 2023 financial year, with sales surpassing €3bn (£2.64bn) for the first time.
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NewsDunelm non-exec named new customer director
Dunelm has announced that a non-exec director has stepped down from the board to take on a full-time role as the retailer’s customer director.
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NewsAnn Summers sales and profits heat up as shoppers return to stores
Ann Summers has posted an increase in full-year sales and profits as Halloween proved a hit and customers returned to in-store shopping.
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NewsSuperdry lines up Hilco to secure £20m loan
Embattled fashion retailer Superdry is reportedly having discussions with one of its existing lenders, Hilco, to negotiate a new multimillion-pound funding facility.
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NewsPrimark unveils 9% retail staff pay rise
Fashion giant Primark has announced a pay rise of more than 9% to around 27,000 of its employees, effective from April 1.
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NewsThe Body Shop files for bankruptcy in US and Canada
The Body Shop’s US and Canadian arms have filed for bankruptcy despite being profitable after the beauty retailer’s UK business went into administration last month.
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NewsInditex investors call for full supply chain transparency
Investors behind Zara owner Inditex are calling on the fashion giant to declare a full list of suppliers to the public to manage supply chain risks and better assess situations moving forward.
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NewsElliott Advisors abandons Currys takeover plans
US investment firm Elliott Advisors has confirmed it is abandoning takeover plans for electricals retailer Currys.
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NewsHMV boss Doug Putman considers rescue bid for The Body Shop
HMV owner Doug Putman is reportedly mulling a bid to buy The Body Shop out of administration after its collapse in February just weeks after being taken over by Aurelius.
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NewsMcDonald’s unveils new uniform in bid to empower employees
Fast-food giant McDonald’s has announced the trial of a new workwear collection for its employees, marking the first change in the company’s uniform since 2016.
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NewsMatalan brings in five new faces to top team
Fashion retailer Matalan has announced five new senior hires at the business in the latest update to its top team.
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NewsCurrys completes sale of its Greek business Kotsovolos
Currys has completed the sale of its Greek business Kotsovolos after first entering a deal with Greek electricity supplier Public Power Corporation (PPC) in November last year.
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NewsFrasers Group puts Matches into administration
Frasers Group is putting online luxury fashion retailer Matchesfashion into administration after buying it less than three months ago.