All News articles – Page 147
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NewsRetail sales slow in third year of high living costs
UK retail sales slowed in January as “the higher cost of living continued into its third year,” according to the latest BRC-KPMG Retail Sales Monitor.
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NewsExclusive: Asos and Boohoo turn to nearshoring as Red Sea crisis intensifies
Asos and Boohoo are relying on nearshoring their supply chains to navigate the ongoing challenges of attacks on container ships in the Red Sea.
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NewsNew Balance launches resale platform
New Balance has launched a new resale platform, Reconsidered, allowing consumers to shop for pre-owned shoes as it looks to focus on the “longevity and circularity of products”.
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NewsNaked Wines names new chief executive
Naked Wines has named Rodrigo Maza as its new chief executive as Rowan Gormley moves back to his former non-executive chair role.
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NewsSuperdrug and Co-op kick off Apprenticeship Week with new roles
Superdrug and the Co-op have announced new apprenticeship roles as they push for reform to the apprenticeship levy scheme.
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NewsAsda to open 110 Express c-stores in February
Asda has announced it plans to open 110 Express convenience stores across the UK in February – a record for the retailer in a single month.
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NewsL’Oréal orders staff to return to office
Global cosmetics giant L’Oréal has ordered its staff to return to the office for at least two Fridays every month as it tightens remote working policies, The Times has reported.
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NewsTed Baker owner Authentic mulls CVA as it cuts ties with UK retail partner
Ted Baker owner Authentic is reportedly mulling a CVA of the fashion retailer following the announcement it has cut ties with AARC, the Dutch retail group running its stores and ecommerce business across the UK and Europe.
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NewsRevolution Beauty reaches settlement with former CEO
Revolution Beauty has reached a settlement agreement with former chief executive Adam Minto after a long-running legal battle over delayed results, which saw the business removed from the stock market.
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NewsTreasury to review VAT-free shopping ‘tourist tax’ ahead of Budget
The Treasury is reviewing the so-called ‘tourist tax’ on VAT-free shopping ahead of the spring Budget and could ditch the policy in a boost for retail.
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NewsIssa brother mulls sale of Asda stake to focus on petrol forecourt empire
The ownership team behind supermarket chain Asda could be set to shuffle again after reports emerged that one of the Issa brothers is exploring a sale in his stake of the business.
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NewsPolitical parties must commit to apprenticeship levy reform, says BRC
The British Retail Consortium (BRC) warned that a reform of the apprenticeship levy is “vital” for the future growth of the economy and has called on the UK’s political parties to commit to this in their manifestos ahead of the general election.
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NewsCastore opens Dublin flagship in first of wider stores rollout
Manchester-based sportswear brand Castore has opened a first-of-its-kind flagship on Grafton Street, Dublin, as it sets out to reach its “highest potential in 2024 and beyond”.
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NewsSuperdry boss Julian Dunkerton in talks for possible takeover bid
Superdry boss Julian Dunkerton is eyeing a takeover bid for the struggling fashion retailer and is in talks with “potential sources of finance” to help fund a cash offer.
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NewsMamas & Papas names former Asda exec as new CFO
Nursery and babycare retailer Mamas & Papas has named former Asda finance director Sarah Ashby as its new chief financial officer.
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NewsNew John Lewis boss pledges to make business ‘even more special’
Peter Ruis, the new leader of John Lewis, has vowed to make the retailer special again as he embarks on a programme to rekindle shoppers’ love affair with the famous department store business.
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NewsAmazon profits surge after strong Christmas and growth in AWS
Amazon posted surging profits and sales that exceeded expectations on Wall Street off the back of strong festive trading and growth in its cloud computing arm.
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NewsRetail footfall rallies as shoppers stay ‘bargain-focused’
Retail footfall continued on its downward trajectory in January compared to the previous year, but it improved from December as consumers remained “particularly bargain-focused”.
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NewsRyman launches app to disrupt online greeting cards sector
Theo Paphitis, former Dragon’s Den star and owner of Theo Paphitis Retail Group, has launched the first Ryman mobile app as the retailer aims to “disrupt the online greeting cards industry”.
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NewsGreggs and Castore CEOs join PM’s Business Council
Greggs boss Roisin Currie and Castore co-founder and chief executive Thomas Beahon have both been named on the prime minister’s Business Council.