All News articles – Page 173
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NewsTesco profits and sales surge as focus on value pays off
Tesco has posted an increase in both profits and sales during its first half, as well as raising its full-year profit guidance, as its investment in value and quality pays off.
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NewsOcado slashes prices on more than 500 products
Pureplay grocer Ocado has cut the prices on more than 500 of its items, including “autumn and winter favourites”, as part of its ‘Big Price Drop’ initiative.
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NewsTen more ex-Wilko stores reopen as Poundland
Ten more ex-Wilko stores will open their doors as Poundland on Saturday, October 7.
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NewsFood prices drop due to ‘fierce competition between retailers’
Both food inflation and shop price inflation have seen a continued drop and are at their lowest levels since August 2022 and September 2022 respectively.
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NewsGreggs sales soar as it maintains profit guidance
Greggs has reported a surge in sales helped by “increased customer visits” as it expects its full-year outcome to be “in line with previous expectations”.
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NewsBoohoo revenue and profits decline as it issues double-digit profit warning
Boohoo has posted a fall in revenue and profits in the six months to August 31, but said it is working on “improved profitability and getting back to growth”.
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NewsRetail footfall forecast to drop in lead-up to Christmas
Retail footfall is predicted to fall in the run-up to Christmas as consumers “tighten their purse strings” due to rising bills, according to MRI Software, formerly Springboard.
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NewsNext to appoint Reiss executive as CFO Amanda James steps down
Next chief financial officer Amanda James is stepping down from her role and retiring from full-time work after 28 years at the retailer in July next year.
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NewsJohn Lewis chair White to stand down
John Lewis Partnership chair Dame Sharon White is to leave her post at the famous retailer when her term ends in early 2025.
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NewsRevolution Beauty co-founder leads uprising
Revolution Beauty’s former boss and co-founder Adam Minto is understood to have voted against the re-election of the brand’s chief financial officer at its AGM.
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NewsVictoria Plum sold to Beds.co.uk owner
AHK Designs, the owner of Beds.co.uk and furniture retailer Cox & Cox, has purchased bathroom retailer Victoria Plum.
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NewsIceland boss Walker quits ‘out of touch’ Tory party
Iceland executive chair Richard Walker, who was expected to become a Conservative MP, has quit the party, labelling it “out of touch”.
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NewsRetail Week Awards 2024 deadline extended
The deadline to enter the Retail Week Awards 2024 has been extended.
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NewsRetail leaders sign letter to home secretary urging action on rising crime
Around 90 retail leaders in the UK have signed a letter to the home secretary, Suella Braverman, demanding a crackdown on retail crime.
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NewsMiniso opens first ‘Mini’ store in central London
Chinese lifestyle retailer Miniso has opened the doors to its first UK Mini Miniso concept store in central London.
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NewsNike pledges to build success with ‘greater consistency and speed’
Sportswear giant Nike is to double down on drivers of success after a first quarter in which it beat earnings expectations but missed anticipated sales.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsExclusive: AllSaints rolls out new store format as international expansion continues
AllSaints is rolling out a new store concept globally as it continues to bolster its international store portfolio, Retail Week can reveal.
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NewsJohn Lewis ponders £150m sale and leaseback of Waitrose stores
John Lewis Partnership aims to generate £150m from the sale and leaseback of 12 Waitrose stores as it seeks to bolster its finances.
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NewsPepco reshuffles management team and issues profit warning
Pepco is making changes to its management team and has issued a profit warning for the full year 2023 due to an “increasingly challenging trading environment” in Central and Eastern Europe.