All News articles – Page 172
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NewsRiver Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
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NewsUK consumers cut back on dining out to save for Christmas splurge
Cash-strapped consumers across the UK are reining in on eating out and buying takeaways to save up for what many see will be an expensive festive season.
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NewsRetail sales slow in September despite falling inflation
UK retail sales slowed in September as the “high cost of living continues to bear down on households”, according to the BRC-KPMG Retail Sales Monitor.
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NewsGreggs opens first-ever cafe in Sainsbury’s
Greggs has launched its first-ever cafe in a Sainsbury’s supermarket, following on from two petrol forecourt stores earlier in the year.
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NewsJD Sports given go-ahead to complete ISRG acquisition
JD Sports shareholders have unanimously approved a proposal to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) as the brand strengthens its foothold in western Europe.
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NewsMade.com to open in-store concession in Next
Next will open a Made.com concession later this year as part of its expansion plans for the online furniture business it bought out of administration in 2022.
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NewsCredit insurer cuts cover for The Very Group suppliers
The Very Group’s credit insurer Allianz Trade has cut cover for its suppliers, which threatens to increase financial pressures on the retailer, according to reports.
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NewsWaitrose eyes online grocery partnership with Amazon
Waitrose is reportedly exploring a partnership with Amazon in a deal that would see the supermarket’s groceries sold on the platform.
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NewsFrasers Group discloses plans to move global headquarters
Frasers Group, which is presently headquartered at Shirebrook, Derbyshire, is planning to move its global headquarters.
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NewsExclusive: Body Shop owners set deadline for final bids
Retail Week understands that Natura & Co has set a final deadline for bids from interested parties for The Body Shop of October 23.
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NewsCMA investigation puts Amazon and Microsoft under microscope
The UK’s media regulator has referred the country’s £7.5bn cloud computing market to the competition watchdog for an investigation over concerns about Amazon and Microsoft.
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NewsExclusive: Fat Face boss Will Crumbie says product is ‘at the heart’ of success as sales soar
Fat Face boss Will Crumbie has said product is “at the heart” of its success as the fashion retailer reported a surge in sales and profits for the full year.
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NewsAlibaba investigated over ‘possible espionage’ at logistics hub
The Chinese tech and retail giant Alibaba is being investigated by the authorities in Belgium over possible charges of espionage.
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NewsExclusive: Prospective bidders for The Body Shop balk at £500m valuation
Private equity bidders in the running to buy The Body Shop are being put off by its Brazilian owner Natura’s high valuation on any potential sale, Retail Week can reveal.
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NewsAsda seals multi-year digital transformation partnership
Asda has entered a multi-year partnership with Tata Consultancy Services (TCS) to drive digital growth and transformation.
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NewsWilko store deals at risk as discounters renegotiate leases
Rescue deals for former Wilko stores are “at risk” and could fall through as potential buyers try to negotiate more favourable terms with landlords, The Times has reported.
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NewsFootfall weakens as shoppers limit spend ahead of Christmas
Footfall across all UK destinations declined in September as consumers restricted their shopping ahead of the Christmas season.
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NewsExclusive: Oh Polly launches in the Middle East
Online fashion retailer Oh Polly is launching a new website and social media platforms in the Middle East as part of its international expansion, Retail Week can reveal.
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NewsTopps Tiles sales soar in ‘record’ year
Topps Tiles has posted an increase in sales and said it expects adjusted profit before tax to be “in line with market expectations” as it hailed another “record” year.
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NewsSuperdry to sell South Asian IP for £40m to ‘accelerate growth’
Fashion retailer Superdry has confirmed it has signed a joint venture agreement with Reliance Brands Holding UK Ltd for the sale of its intellectual property assets in India.