All News articles – Page 170
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NewsBusiness rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
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NewsAdidas increases profit guidance as Yeezy sales drive recovery
Adidas has increased its profit guidance for the full year ahead as it reported reduced losses in the third quarter helped by strong Yeezy sales.
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NewsExclusive: Fenwick back in black after sale of Bond Street store
Department store group Fenwick has reported a return to profit, Retail Week can reveal.
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NewsPepco Group to open 400 new stores
Discount retailer and Poundland parent company Pepco Group have revealed their focus areas as part of its refocused strategy including the opening of 400 net new stores across the 2024 financial year.
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NewsSosandar swings to loss as it unveils debut store plans
Sosandar has swung to a loss in the first half of the year despite an increase in revenue as it unveiled plans to expand its omnichannel strategy.
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NewsKurt Geiger owner eyes sale of footwear and accessories retailer
Kurt Geiger’s parent company Cinven is reportedly setting its sights on selling the luxury footwear and accessories retailer.
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NewsExclusive: New Look completes £100m refinancing
Fashion retailer New Look has successfully completed a £100m debt refinancing deal as it recorded a full-year loss before tax despite an increase in EBITDA and revenue.
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NewsFrasers acquires German sportswear retailer
Frasers Group has entered a binding agreement to acquire German sports retailer SportScheck as it looks to “grow its presence in Germany, one of the biggest sports markets in Europe.”
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NewsTHG recovery builds after a ‘best ever’ performance by MyProtein
THG, which owns brands including Lookfantastic, Cult Beauty and MyProtein, has posted a steady rise in revenue as it maintained its profit guidance for the year ahead.
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NewsSøstrene Grene to open first central London store
Søstrene Grene is set to open its first store in central London as part of its ambitious UK expansion plans.
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NewsPeter Cowgill considers fashion retail comeback
Former JD Sports boss Peter Cowgill is considering a comeback in the world of fashion retail with a luxury menswear brand.
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NewsTHG explores taking MyProtein public in the US
THG, which owns Lookfantastic and Cult Beauty, is exploring plans to list MyProtein, its nutritional arm, in the US.
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NewsExclusive: Orlando Capital joins race to buy Body Shop
German private equity firm Orlando Capital has emerged as the latest player in the running to buy The Body Shop, Retail Week can reveal.
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NewsTed Baker owner steps in to prop up struggling retailer
Authentic Brands Group, the US-based owner of Ted Baker, has moved to head off a cash crunch at the fashion retailer as the company appointed to run operations struggles to raise financing.
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NewsExclusive: Pets at Home named the best place to work in retail
Pets at Home has topped the table as retail’s number one “best place to work”, Retail Week can reveal.
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NewsNext acquires Fat Face for £115m
Next has struck a deal to acquire fashion retailer Fat Face for the value of £115.2m.
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NewsJohn Lewis poaches new property boss from Royal Mail
John Lewis Partnership has named current interim Royal Mail corporate finance director Martin Gafsen as its new director of property.
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NewsWilko website resumes trading under new owner The Range
The website wilko.com has restarted its home delivery for online orders under its new owner The Range.
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NewsMiniso to open flagship store on Oxford Street
Chinese retailer Miniso will open a flagship store on Oxford Street as it ramps up expansion in the UK.
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NewsUniqlo owner Fast Retailing posts surge in sales and profits ‘in all markets’
Fast Retailing, the owner of fashion giant Uniqlo, has reported a boom in both sales and profits “in all markets” as it hails its third consecutive “record annual performance”.