All News articles – Page 187
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NewsHugo Boss raises outlook as sales surge
Fashion retailer Hugo Boss has posted a “strong growth trajectory” and has raised its full-year outlook for 2023 as it recorded double-digit growth “across all brands, regions and channels” in its second quarter.
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NewsUpdate in Asda equal pay case could cost £1.2bn
A new update in the ongoing Asda equal pay battle could result in the supermarket forking out £1.2bn in payouts to 55,000 shopfloor workers involved in the case.
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NewsCo-op invests £70m in member prices
The Co-op has made its biggest ever single investment as it extends its member-only prices across everyday essentials.
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NewsGreggs boss warns higher prices are baked in
Greggs chief executive Roisin Currie has said that while the retailer is seeing inflation coming down, she expects higher prices will remain indefinitely.
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NewsShoplifters who commit repeat offences threatened with prison
Shoplifters, thieves and violent people who commit repeated offences could be handed mandatory prison sentences under plans being mulled by the government.
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NewsBirkenstock owner eyes potential IPO as valuation expected to soar
Birkenstock’s private equity owner L Catterton has started talks in advance of a potential IPO of the company, which could take place as early as September this year.
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NewsAsos announces partnership with Rokt
Fashion giant Asos has announced its partnership with ecommerce technology company Rokt in a bid to “surprise and delight customers with relevant offers”.
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NewsGreggs maintains profit guidance as sales rise
Greggs has reported an increase in sales and profits following “strong trading momentum” in its first half of the financial year and has maintained its full-year guidance.
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NewsShop price inflation falls to lowest levels in a year during July
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
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NewsCMA investigation concludes JD Sports broke competition law
An investigation by the Competition and Markets Authority (CMA) concluded that JD Sports and Leicester City Football Club (FC) broke competition law by “colluding to restrict competition in the sales of Leicester City-branded clothing, including replica kit, in the UK”.
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NewsEtsy sellers accuse marketplace of withholding money
Online marketplace Etsy has been accused of withholding money from sellers through its “reserve system”.
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NewsLush paid managers £5m in bonuses after claiming £5m government support
Lush reportedly paid managers almost as much as it claimed in business rates relief in bonuses, despite recording a drop in profits.
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NewsFrasers Group to cut 100 jobs at Manchester office
Frasers Group has put more than 100 jobs at risk of redundancy at its Manchester office as it looks to cut costs.
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NewsJohn Lewis makes senior marketing hire to ‘deepen customer relationships’
John Lewis has strengthened its marketing clout with an appointment to lead its newly created customer planning team.
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NewsCard Factory opens first store in Middle East
Card Factory has opened its first store in the Middle East as part of a long-term franchise agreement with Liwa Trading Enterprises.
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NewsExclusive: UK consumers to cut back-to-school spend
UK consumers are forecast to cut back on back-to-school spending as the cost-of-living crisis continues to take its toll, according to Deloitte.
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NewsB&M to keep group trading director in multimillion-pound deal
B&M has received a long-term commitment from its group trading director Bobby Arora, which will see the value retailer hand out millions to him in bonuses.
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NewsAldi to hire more than 800 store staff before Christmas
Aldi is set to create over 800 roles across the UK as it opens new stores between now and Christmas.
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NewsVacancies rise as 6,000 UK stores close in five years
The number of vacant stores rose in the second quarter of 2023 as 6,000 UK retail outlets closed over five years, according to figures from the BRC-LDC Vacancy Monitor.
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.