All News articles – Page 1640
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NewsWaitrose to open first small convenience shop this week
Waitrose will open its first smaller format convenience stores in Cambridge on Thursday.
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NewsAmerican Apparel close to negotiating debt covenants
US fashion retailer American Apparel is close to negotiating a debt revision with its UK backer, private equity group Lion Capital, according to reports.
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NewsMajestic Wine pre-tax profits leap 117%
Majestic Wine has reported a 117% increase in pre-tax profit to £16m in its full year results as its minimum order change drove volume.
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NewsFirst England match hits shopper numbers
England’s first World Cup game hit shopper numbers on Saturday, when footfall fell by 4.7%.
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NewsSuperGroup to expand into the United Arab Emirates
SuperGroup, owner of young fashion brands Superdry and Cult, has signed a franchise agreement to open stores across the United Arab Emirates (UAE).
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NewsRetail sales in London up 11.6% in May
Retail sales in London improved in May rising 11.6% on a like-for-like basis as tourists came back to the capital following the easing of the volcanic ash cloud disruption, the British Retail Consortium-KPMG London Retail Sales Monitor found.
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NewsHarold Tillman awarded CBE
Harold Tillman, owner of Jaeger and Aquascutum and chairman of the British Fashion Council, has been awarded a CBE in the Queen’s Birthday Honours list.
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NewsSir Stuart Rose’s pay grows to £2.6m
Marks & Spencer executive chairman Sir Stuart Rose had a 47% increase in pay and bonuses to £2.6m last year.
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NewsPeacocks confirms strategic review ahead of possible sale
Peacocks chief executive Richard Kirk has confirmed that a strategic review of the business has begun and is likely to result in the sale of the value chain.
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NewsJohn Lewis reports strong bank holiday trade
John Lewis reported weekly sales up 20.6% in the week to June 5, buoyed by trade over the bank holiday although the hot weather by the end of the week took the edge off sales.
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NewsTesco fresh foods chief Colin Holmes quits
One of Tesco’s rising stars announced his resignation yesterday, in the same week that Sir Terry Leahy stepped down and international chief Philip Clarke was named his successor.
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NewsSir Terry Leahy, the visionary who transformed Tesco
With his constant focus on the customer, Sir Terry is hailed for turning Tesco into a global operation
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NewsJD Sports pushes overseas growth with Paris store
JD Sports Fashion is making a further international push by opening stores in Paris under its JD fascia.
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NewsUncertainty hits food and general retailers
The week in retail was dominated by the surprise announcement of Sir Terry Leahy’s plans to retire as chief executive of Tesco next March. Tesco shares fell more than 2% on Tuesday as the City digested the news, but analysts were happy with the appointment of Tesco veteran Phil Clarke ...
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NewsMark Saunders exits Habitat in shake-up at the top
Habitat chief executive Mark Saunders has left the business following the hiring of former New Look boss Phil Wrigley as executive chairman last week.
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NewsSpain’s Cortefiel picks sites for first UK shops
Spanish retailer Grupo Cortefiel is to open its first UK stores by the end of the summer in Leeds, Livingston and the yet-to-open One New Change development in the Cityof London.
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NewsH&M to launch Home collection in the UK
Swedish fashion giant H&M has unveiled plans for the UK launch of its homewares range, which include an initial online launch before selling the line in one of its prominent Oxford Street stores.
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NewsVictoria’s Secret close to signing for first UK store
US lingerie giant Victoria’s Secret is understood to be on the verge of signing its first UK store on London’s New Bond Street.
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NewsMillets launches click-and-collect for Glastonbury
Blacks Leisure’s outdoor chain, Millets, is bringing click-and-collect to Glastonbury festival-goers later this month.
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NewsTesco signals global push with Philip Clarke’s promotion
The international chief’s appointment points to a step up in grocer’s global growth