All News articles – Page 164
-
NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
-
NewsHotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
-
NewsRetailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
-
NewsBlack Friday retail footfall will be ‘subdued’, claims survey
Higher interest rates and inflation will continue to have an effect on consumer spending, warns latest MRI Software consumer report.
-
NewsOcado strikes first fulfilment deal outside of grocery
Ocado Group has struck its first deal providing automated fulfilment solutions to a non-grocery retailer in Canada.
-
NewsMatalan drafts in former M&S digital boss as director
Value fashion retailer Matalan has appointed former Marks & Spencer digital boss Jeremy Pee to its board.
-
NewsThai retail group takes control of Selfridges
Thai retailer Central Group has taken control of Selfridges following problems at partner Signa, with which it bought the famous department store in a $5bn deal.
-
NewsSteep fall in inflation helped by food price changes
Inflation fell to 4.6% in October, official data has shown.
-
NewsAsda cuts debt as focus on low prices pays off
Asda has reported a rise in quarterly sales and reduced its debt burden.
-
NewsExclusive: BRC warns ‘no town or city centre safe’ from business rates rise
The British Retail Consortium has warned that “no town or city centre in England is safe” as retail giants brace for an increase in business rates as part of the autumn statement next week.
-
NewsPrivate equity group Aurelius snaps up Body Shop
Specialist beauty retailer The Body Shop has been sold to private equity group Aurelius.
-
NewsDr Martens appoints new chief financial offer
Dr Martens has announced that Giles Wilson will join the footwear retailer as its new chief financial officer, hot on the heels of Jon Mortimore.
-
NewsHammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
-
NewsAvon to open its first UK stores
Cosmetics company Avon is set to open its first shops in the UK in its 137-year history.
-
NewsRevolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
-
NewsTourist tax hits London as Chinese visitors spend ‘significantly less’
London retailers are suffering from the continued impact of VAT on overseas spending as Chinese tourists returning to the capital spend “significantly less” than they did before the Covid-19 pandemic.
-
NewsDune sale process slows despite ‘multiple offers’
Footwear and accessories retailer Dune’s sale process has reportedly been delayed, despite offers from fashion giants Next and Aurelius among others.
-
NewsRetail bosses call for better abuse protection for staff
Retail bosses are urging police forces across the UK to better protect staff from abuse as the rate of retail crime reaches new heights.
-
NewsSainsbury’s, M&S and Currys demand action from chancellor on business rates
Some of the UK’s biggest retailers have called on the chancellor to take action on business rates to save the high street.
-
NewsPoundland yet to reach deal with 15 Wilko store landlords
Poundland has not yet reached an agreement with the landlords of more than 15 former Wilko sites, which it had intended to reopen under its own brand.