All News articles – Page 1466
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NewsCo-op members give £3m of profit-share to charity
Members of the Co-operative Group have agreed to donate more than £3m of their annual profit-share to charities and community groups.
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NewsNew Look profits hit by "significant internal disruption"
Fashion chain New Look underlying operating profit slumped from £162.7m to £98m in the year to March 26 as the retailer suffered from “significant internal disruption”.
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News
Borders finds a potential bidder
Bookseller Borders has found a potential bidder in the form of Gores Group. The private equity firm has shown interest in acquiring 200 of Borders’ 405 stores. The deal would keep the bookstore chain operating as a going concern in the wake of it filing for chapter 11 bankruptcy in ...
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NewsDitch the Directive: Breakthrough as EU ditches controversial plans
The European Parliament has bowed down to pressure from retailers and abandoned plans for force retailers to offer free returns from anywhere in Europe and deliver to all EU countries.
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NewsLife & Style on brink of administration
Life & Style, the fashion and homewares business born out of the administration of womenswear chain Ethel Austin, is on the brink of collapse after just over a year in existence.
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NewsTesco's US business faces alcohol ban
Tesco’s US business could be dealt a severe blow as a proposed ban on the sale of alcohol from self-service checkouts in California moves one step closer to becoming law.
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NewsSuperGroup shares fall as promotional activity unnerves investors
Shares in SuperGroup dropped after it emerged that the young fashion business, which has a strict no-discounting policy, offered some online customers 20% off in-store purchases last weekend.
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NewsFindel profits drop as its turnaround begins
Home shopping group Findel’s pre-tax profit before exceptional items dropped from £11.7m to £7m and its three year turnaround begins.
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NewsTony Shiret made redundant by Credit Suisse
Tony Shiret, the highly regarded analyst and vocal critic of Marks & Spencer under the leadership of Sir Stuart Rose, has left Credit Suisse after 18 years with the bank.
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NewsTesco appoints digital and marketing officer
Tesco has appointed Matt Atkinson as group digital and marketing officer.
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NewsHMV secures refinancing lifeline
HMV has been given a lifeline by its banks as it has secured a new two-year refinancing plan worth £220m.
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NewsSales fall in May
Sales fell in May according to the BRC, with like-for-likes down 2.1% and total sales down 0.3%.
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NewsThree Maplin directors exit
Specialist electricals retailer Maplin has parted company with three of its directors, one of them a self-proclaimed expert in “cost management.”
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NewsIndia to welcome foreign supermarkets within months
India is set to open its doors to foreign supermarkets within the next four months as it looks to welcome multi-brand grocers as majority partners for the first time.
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NewsBenetton to hire new creative director
United Colors of Benetton is to hire You Nguyen as new chief merchandising officer and creative director.
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NewsTheo Fennell boss Snoad exits a second time
Theo Fennell chief executive Barbara Snoad has left the jeweller for the second time in four years.
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NewsHomebase owner in licensing talks with Habitat
Home Retail has held talks with Habitat owner Hilco about licensing the furniture brand within its DIY chain Homebase.
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NewsRetailers sign up to responsible retailing guide for kidswear
The British Retail Consortium (BRC) has launched a good practice guide for retailers selling kidswear ahead of a government review into the commercialisation and sexualisation of children which will be published today.
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NewsSuit prices to rise by 10% as wool prices at record high
The price of a wool suit is set to rise by up to 10% as the cost of wool doubled to a record high in the past 12 months.
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