All News articles – Page 162
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NewsShein aims for New York Stock Exchange listing
Fast-fashion giant Shein is understood to be gearing up for a stock market float in the US as it reportedly filed “confidential paperwork” for an initial public offering.
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NewsWilko chair blames retailer’s collapse on Truss mini-budget
Former Wilko chair Lisa Wilkinson has laid out the issues that led to the collapse of the retailer, including pointing to former prime minister Liz Truss’ mini-budget for driving up interest rates.
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NewsPets at Home hails ‘resilient’ trading as it maintains full-year guidance
Pets at Home has hailed its “resilient performance” and noted “encouraging signs” in the lead-up to Christmas.
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NewsTopps Tiles escalates market share while profits dip
Topps Tiles has posted a boom in sales for the full year and confirmed it has achieved its market share goal “two years ahead of schedule,” with cost inflation taking its toll.
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NewsBusiness rates and wage hike could send inflation soaring, warns BRC
The British Retail Consortium has warned that inflation could rocket again next year, as retailers face soaring business rates bills and the rising national living wage.
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NewsDecathlon buys German pureplay sportswear brand Bergfreunde
Sportswear giant Decathlon has announced the acquisition of German pureplay mountain sports, climbing gear and outdoor equipment specialist Bergfreunde.
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NewsMountain Warehouse to ramp up store expansion following record sales
Outdoor clothing retailer Mountain Warehouse is accelerating the pace of store openings after posting a record sales peak.
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NewsVery collaborates with Amazon Web Services to deliver generative AI
The Very Group has selected Amazon Web Services (AWS) to help transform and accelerate its shopping experience with generative AI.
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NewsAsos ditches bonus scheme diversity targets
Fashion retailer Asos has abandoned diversity targets in its annual executive bonus scheme as it prioritises profitability.
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NewsRevolution Beauty founder in £3m repayment talks
Revolution Beauty founder Adam Minto is in talks about repaying almost £3m to settle claims that he breached fiduciary duties to the retailer.
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NewsBoost in sales of toys and electricals as Black Friday footfall soars
Retailers have reported customers flocking for deals on toys and electricals ahead of Christmas as Black Friday footfall numbers surged across much of the country.
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NewsPoundland to open more former Wilko stores before Christmas
Poundland has confirmed it will open seven more former Wilko stores before Christmas, taking the total number of Wilko-to-Poundland stores to 63.
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NewsBoots owner offloads £4.8bn pension scheme
Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that potentially paves the way for a sale by owner Walgreens Boots Alliance.
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NewsJohn Lewis launches Randox Health clinics in store
John Lewis is launching Randox Health clinics in store to enable customers to benefit from preventative healthcare services.
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NewsMothercare records drop in sales as it ‘continues refinancing’
Mothercare has posted a decline in revenue and international sales as it continues efforts to “refinance the group” and ensure “adequate and appropriate financing for the future”.
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NewsUK consumer confidence increases despite ‘ongoing cost-of-living concerns’
UK consumer confidence rose by six points in November, despite “ongoing cost of living concerns” impacting many customers.
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NewsFormer Wilko owner and bosses to face MPs over collapse
Wilko bosses, which includes former owner Lisa Wilkinson, will be called in front of a parliamentary committee after the chain collapsed in August.
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NewsMore shoppers targeting Black Friday deals for Christmas shopping
More than four times the number of shoppers plan to do the majority of their Christmas shopping this Black Friday weekend this year compared to 2022.
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NewsDepop launches pop-up store programme in time for Christmas trade
Fashion marketplace Depop is to open a raft of pop-up stores in high profile retail locations.
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NewsAsos interim chief people officer steps down
Asos interim chief people officer Caroline Ross has stepped down after one year at the business.