All News articles – Page 146
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NewsUnder Armour ‘on track’ for full year despite sales dip
Sportswear retailer Under Armour has said it delivered better than expected profitability and remains “on track” for the full year, despite a decline in sales in its third quarter.
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NewsBarclays acquires Tesco Bank in £600m deal
Barclays has today confirmed it will acquire Tesco Bank in a £600m deal, which will see the bank take on the grocery giant’s 2,800 employees working across banking products.
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NewsLidl launches cash-for-bottles return scheme in Glasgow
Discount supermarket Lidl has become the first grocer to pilot its own bottle return scheme, offering customers unlimited cash rewards across the city of Glasgow.
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NewsExclusive: Lawyers write to new Body Shop owners over unpaid bonuses
Brazilian beauty giant and previous owner of The Body Shop Natura &Co’s legal counsel has reached out to new owner Aurelius over unpaid bonuses of former employees, Retail Week can reveal.
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NewsPrimark pledges £75m investment in UK stores, creating 700 new jobs
Primark will invest a further £75m into its UK store estate this year, creating 700 new jobs at the fashion giant as it marks its 50th anniversary on British high streets.
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NewsRevolution Beauty sets out revival strategy to the City
Cosmetics retailer Revolution Beauty reported “margin improvement” as it prepared to outline revival plans to the City.
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NewsWatches of Switzerland welcomes VAT-free shopping review as sales slip
Upscale retailer Watches of Switzerland said it is “encouraged” by a review of VAT-free shopping as sales remain under pressure in tough trading conditions.
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NewsDunelm bolsters digital capabilities with new board members
Homewares giant Dunelm has drafted in two new board members with strong digital commerce backgrounds.
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NewsPrimark unveils new US stores and warehouse as it ramps up expansion
Value fashion giant Primark has announced the opening of a new Florida-based distribution centre and four new stores in the US as it ramps up its international expansion.
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NewsAmazon Fashion teams up with UK luxury resale platform
Amazon’s European fashion arm is collaborating with luxury resale platform Hardly Ever Worn It to offer a range of pre-owned items from luxury brands.
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NewsPret a Manger to replace remaining Veggie stores
Food-to-go specialist Pret a Manger is abandoning its standalone, vegetarian-only stores and said customers are buying veggie options across all of its branches.
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NewsFormer Walmart boss McKenna co-chairs study to uncover secrets of successful retail teams
Former Walmart and Asda director Judith McKenna is to join rugby coaching legend Sir Clive Woodward to identify what makes a great store team.
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NewsCo-op turns to AI and secure tills as retail crime soars
The Co-op has turned to AI technology at self-checkouts and secure tills after a 44% rise in retail crime with grocery retailers reporting as many as 1,000 incidents a day, The Guardian reported.
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NewsSainsbury’s unveils ‘Next Level’ strategy
Sainsbury’s has said it expects to deliver growth in profit as it puts food and Nectar card at the heart of its ”Next Level Sainsbury’s” strategy for the next three years.
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NewsRituals sales soar driven by strong European home performance
Wellness and beauty retailer Rituals has posted record full-year sales as it grew “across all countries and across all channels” in 2023.
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NewsEstée Lauder to cut roles as global sales decline
Global cosmetics giant, Estée Lauder Companies has confirmed restructuring plans as global sales declined in the three months to December 2023.
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NewsOnline shoppers turn to BNPL for January sales
Online spending in the UK in January increased 3.4% year on year as shoppers bought exercise equipment and made the most of the post-Christmas sales.
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NewsSephora launches global branding as it seeks to ‘reinvent’ beauty industry
French beauty giant, Sephora is adopting a global brand signature as it looks to shape ”the prestige beauty industry” and ”reinvent the codes of beauty.”
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NewsMorrisons store chief David Lepley resigns
Morrisons’ long-serving store chief David Lepley has resigned from the supermarket chain, as new boss Rami Baitiéh promises to “reinvigorate” the grocer.
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NewsSnap to lay off 10% of its workforce
Snap Inc, which operates Snapchat, plans to axe “approximately” 10% of its staff, which is estimated to be around 500 people.