All News articles – Page 176
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NewsTHG commits to sustainability targets after government U-turn
THG, which owns brands like Lookfantastic, Cult Beauty and MyProtein, has announced its net-zero targets have been validated by the Science Based Targets Initiative (SBTi).
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NewsTesco chief customer officer Bellini steps down
Tesco chief customer officer Alessandra Bellini is stepping down from her role at the end of September, after nearly seven years with the business.
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NewsTikTok shop launches refurbished tech category
TikTok Shop has launched a new refurbished technology product category in the UK for users to buy directly from the platform.
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NewsPoundland relaunches ecommerce website
Value giant Poundland has relaunched its ecommerce website, offering customers a range of around 3,000 products online.
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NewsAsda boosts tech team as it separates systems from Walmart
Asda has appointed two new senior members of its technology team to help boost the development of a new strategy and lead on its separation from Walmart.
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NewsDunelm profits dip despite year of record sales
Dunelm has pinned a slight reduction in full-year profits on controlling margins during a protracted inflationary period, even as it celebrated record sales.
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NewsWilko: Full list of stores closing next week
Wilko administrator PwC has announced a list of branches that will close next week, following the retailer’s collapse.
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NewsH&M becomes latest retailer to charge for online returns
Fashion giant H&M has become the latest retailer to introduce a fee for customers returning parcels ordered online.
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NewsAsos set to close outlet department
Fashion giant Asos is set to close the outlet department of its business, which is home to non-strategic third-party brands, in a bid to continue its focus on improving profitability.
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NewsNaked Wines reports ‘foundations laid to focus on profitable growth’
Online specialist Naked Wines has said its focus on profitability will pay off despite suffering a statutory full-year loss.
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NewsOcado sales rise as customer proposition strengthened
Online grocer Ocado has reported an increase in quarterly sales following price cuts and a focus on improved execution.
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NewsQuiz warns on profits as cost of living hits consumers
Fashion retailer Quiz has cautioned that a full-year loss is likely after sales in the year to date fell below the previous year’s levels.
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NewsKingfisher cuts profit forecast as tough trading conditions bite
DIY giant Kingfisher has slashed full-year profit expectations after facing harsh trading conditions, particularly in overseas markets.
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NewsExclusive: Discounters and value retailers to be fastest growing grocers in next five years
The discounters Aldi and Lidl and value giant Poundland are set to be the fastest-growing food retailers in the UK over the next five years.
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NewsExclusive: Natura values Body Shop at £500m as it approaches new potential bidders
The owner of health and beauty specialist The Body Shop is holding out for between £400m and £500m for the retailer, despite the first deadline for bids passing without any concrete interest from prospective buyers.
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NewsM&S replaces plastic bags with paper carrier bags in all stores
M&S announced that it will offer paper carrier bags at checkouts across all stores in the UK as it pushes for sustainability in stores and reduces single-use plastic.
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NewsWilko staff to face pension cuts after benefit scheme enters the Pension Protection Fund
Wilko staff to face pension cuts as the retailer’s benefit scheme enters the Pension Protection Fund, the Sunday Times reported.
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NewsFrasers Group to sell Missguided to Shein
Mike Ashley’s Frasers Group is in talks to sell Missguided to Chinese online giant Shein, Sky News reported.
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NewsWaterstones owner Elliott in the running to buy The Body Shop
Waterstones owner Elliott Advisors is in the running to buy the Body Shop as it submitted an indicative offer to acquire the health and beauty retailer, Sky News reported.
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NewsExclusive: Boots shelves launch of marketplace
Boots has shelved plans to launch its own marketplace, Retail Week can reveal.