All News articles – Page 157
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NewsShop price inflation remains flat as food prices fall
Shop price inflation remained steady in December as food inflation fell for the eighth consecutive month, dropping to its lowest since June 2022.
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NewsGreggs workers accept pay deal for biggest increase in 12 years
Greggs workers have accepted a pay deal that sees them receive the biggest pay increase in 12 years.
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NewsScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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NewsNovember sales boost reflects ‘tactical’ spending ahead of Christmas
Retail sales increased in November, helped by Black Friday and “increased spending in the run-up to Christmas each year”, according to the Office for National Statistics (ONS).
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NewsTemu customers risk supporting ‘forced labour’, MP warns
Customers ordering “cheap gifts” for Christmas from Chinese-owned marketplace Temu are at risk of buying items made using forced labour, an MP has warned.
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NewsNike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.
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NewsRetail hopes rest on big Christmas weekend ahead of ‘new year’s chill’
Retailers are holding out hope for a last big weekend of trading ahead of Christmas Day, despite the economic outlook being decidedly gloomy.
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NewsHunkemöller names former Adidas executive as new CEO
European lingerie retailer Hunkemöller has named Brian Grevy as its new chief executive, succeeding Philip Mountford when he steps down from the role next month.
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NewsExclusive: Nike secures former Victoria’s Secret site for new flagship
Sportswear giant Nike has secured the former Victoria’s Secret premises at the Trinity Leeds shopping centre for its newest flagship, Retail Week can reveal.
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NewsLidl doubles paid maternity and adoption leave
Discount supermarket Lidl will be doubling full-pay maternity and adoption leave as it looks to “set a new benchmark for others in the industry to follow”.
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NewsMajestic awards employees extra festive day off
Specialist wine retailer Majestic is rewarding employees with additional time off during the Christmas and New Year period.
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NewsRed Sea attacks causing rising costs and increased shipping line rates
Global supply chain disruption in 2024 is a “possibility”, according to experts, as the world’s biggest shipping companies are re-routing their journeys to avoid the Red Sea.
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NewsFrasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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NewsAmazon strike action to spread to Birmingham
Amazon workers at a new flagship fulfilment centre in Birmingham are set to strike in the new year, building on industrial action already seen at Coventry and Rugeley.
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NewsAlibaba chief strengthens grip after taking over ecommerce business
Alibaba Group chief executive Eddie Wu has been named as the new chief executive of its domestic ecommerce arm Taobao and Tmall Group.
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NewsAsda faces £30m rise in debt costs as bosses grilled by MPs
Asda could have to pay increased interest payments of £30m from February as owners Mohsin and Zuber Issa’s loans become due.
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NewsSainsbury’s doubles own-label products in c-stores
Sainsbury’s has doubled the amount of the cheapest own-label products in its Local convenience stores this year, in a bid to offer more affordable items for customers.
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NewsSuperdry warns on profits as tough trading conditions and weather take toll
Fashion retailer Superdry was warned that profits will be lower than expected after trading ”significantly below management expectations”.
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NewsRevolution Beauty hires new boss to head North America expansion
Revolution Beauty has appointed Erin Cast as president of its North American division, which the brand says is a “pivotal market” for future growth.
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NewsCoupang completes $500m rescue deal for Farfetch
Global ecommerce retailer Coupang has acquired Farfetch, injecting $500m (£394.8m) in emergency funding into the embattled luxury fashion retailer.