All News articles – Page 197
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NewsAmazon launches flexible financing programme
Amazon has launched a flexible financing programme for small and medium businesses.
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NewsJohn Lewis writes down value of head office as hybrid working persists
Department store chain John Lewis has written down the value of its head office, due to the persistence of working from home and commercial property values.
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NewsKurt Geiger secures new funding to drive global growth
Luxury footwear and accessories retailer Kurt Geiger has secured fresh funding in a bid to “refinance its existing debt” and support its international growth plans.
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NewsSuperdrug rolls out personal diagnostics service in all stores
Superdrug has entered a two-year partnership with Thriva Solutions, a personal diagnostics and health platform, to roll out a nationwide service to all its customers.
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NewsBoohoo seeks greater control of Revolution Beauty in boardroom coup
Boohoo, which owns a 26.6% stake in Revolution Beauty, announced its intentions to vote against the reappointment of the beauty brand’s senior executives as it moves to take control of the struggling business.
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NewsHotel Chocolat to open five new retail park stores by Christmas
Hotel Chocolat is going all in on its new out-of-town format, with plans to open a further five new stores in retail parks before Christmas.
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NewsMarks & Spencer invests in lower prices on 200 products in summer value push
Marks & Spencer has unveiled a new round of price investment as it seeks to “deliver trusted value” to customers.
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NewsNext increases profit guidance as warm weather triumphs
Fashion giant Next has upgraded its full-year profit and sales guidance as the effects of the warm weather and annual salary increases pay off.
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NewsMusic Magpie trading ‘strengthens’ as it focuses on cost control
Music Magpie has delivered a “strengthened” trading performance as it chose to focus on cost control and increasing gross margins instead of “growing revenues on lower-margin products”.
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NewsMorrisons unveils new round of summer price cuts
Morrisons has cut the prices of almost 50 popular products by an average of 25% as it seeks to bolster its appeal to hard-pressed shoppers.
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NewsWilko may pay no rent on some stores for three years in restructuring push
Turnaround plans being drawn up by variety store group Wilko, which may include a CVA, mean it may pay no rent on some stores for three years.
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NewsJohn Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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NewsExclusive: Belfast revealed as best value retail location in the UK
Belfast city centre offers retailers the best value compared with any other location in the UK, an exclusive ranking for Retail Week has revealed.
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NewsFrasers Group fashion boss Greg Pateras steps down
Frasers Group fashion chief executive Greg Pateras has confirmed he will step down from his role following his appointment less than a year ago.
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NewsCurrys launches strategic review of Greek business
Electricals retailer Currys has begun a strategic review of its Greek division, Kotsovolos, which could lead to a sale.
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NewsFrasers increases stake in Asos for the third time in two weeks
Frasers Group has increased its stake in fashion pureplay Asos for the third time in two weeks, as takeover speculations increase.
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NewsTesco delivers robust sales as focus on value and quality pays off
In the 13 weeks to May 27, 2023, Tesco delivered strong results across all formats driven by a “relentless focus on value.”
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NewsHugo Boss ups sales target and confirms global expansion plans
Luxury fashion group Hugo Boss has increased its 2025 sales target to €5bn (£4.2bn) and confirmed plans to “expand its global footprint” in its latest strategy update.
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NewsN Brown sales dampened by poor spring weather
Fashion group N Brown has reported a fall in first-quarter sales following lacklustre early spring weather as consumer confidence remained fragile.
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NewsAsos posts quarterly profit as turnaround strategy pays off
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.