All News articles – Page 209
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NewsPrimark sales surge as footfall climbs and margin is ‘better than expected’
Value fashion giant Primark has reported a surge in sales that it credits to “very good footfall and margin better than expected”, parent company ABF has reported.
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NewsExclusive: Canadian travel brand Monos exploring London location
Canadian travel and lifestyle brand Monos is among several international retailers eyeing expansion into London, Retail Week can reveal.
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NewsMorrisons to bring back More card with loyalty-only prices
Morrisons is to relaunch its loyalty scheme Morrisons More with the addition of Clubcard-inspired member prices.
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NewsGymshark profits decline for first time as operational costs rise
Gymshark posted a fall in profits for the first time despite an increase in revenue for the year ending in July 2022, as the group struggled with increasing operational costs.
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NewsStarbucks unveils new UK sustainable store format
Starbucks has unveiled its new sustainable store format and the first five of its UK stores have been certified as “greener”.
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NewsLidl highlights London opportunities as it eyes new store openings
Lidl has published a list of hundreds of priority locations for new stores across the UK in a bid to expand its value offering.
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NewsMajestic unveils new wage structure as part of ‘biggest investment ever in pay’
Majestic Wine has unveiled its largest-ever investment in pay, taking the basic rate for store staff to at least £10.60 an hour.
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NewsCBI faces calls to disband as retailers exit en masse
The crisis at the Confederation of British Industry (CBI) deepened over the weekend as retailers joined other businesses in cutting ties amid calls the lobbying group should be disbanded.
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NewsAsos targeted by ‘dark destroyer’ short-seller ShadowFall
Embattled pureplay fashion brand Asos has been targeted by a renowned short-seller, which believes the retailer will be forced to raise more cash from shareholders.
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NewsSupermarkets blame poor weather in Spain for latest availability issues
Some UK supermarket chains have begun rationing the sale of peppers to two per customer, while others have run out completely.
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NewsExclusive: Ex-Asda boss Clarke stages Farmison rescue deal
A consortium led by former Asda chief executive Andy Clarke has bought online grocer Farmison out of administration and is aiming to rebuild the business.
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NewsKelso increases stake in THG as it praises nutritional business
Private equity firm Kelso Group Holdings has acquired further shares in THG as it praised “the significant intrinsic value of the nutrition business”.
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NewsAmazon launches new scheme to help track counterfeit goods
Amazon has launched a new initiative aimed at helping retail stores identify and track marketplace counterfeits.
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NewsH&M slashes 150 jobs as it merges Monki and Weekday brands
H&M Group has announced the closure of its Monki head office in Gothenburg, Sweden, “regrettably” cutting around 150 jobs within the business as it confirms the merger of its Monki and Weekday brands.
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NewsM&Co under fire over staff redundancy terms
More than 90 former M&Co employees are taking legal action against the fashion retailer following claims that they were made redundant without a consultation period, according to reports.
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NewsLush unveils pay rise for staff as inflation soars
Lush has announced a 10% pay rise for its retail staff in line with the real living wage set by the Living Wage Foundation.
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NewsIkea to make ‘biggest ever’ investment in US expansion
Ikea owner Ingka Group is to make its biggest ever investment in stores and fulfilment in the United States.
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NewsCarl Cowling banks on bumper summer to keep WHSmith travelling in right direction
WHSmith chief executive Carl Cowling has said the retailer is positioning its travel brand as a “one-stop shop for travel essentials” after reporting a surge in profit and revenue.
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NewsToolstation raises pay and adds gender reassignment and menopause policies
Toolstation has given store and operations employees a pay increase and introduced a series of ‘life event’ policies to promote wellbeing.
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NewsFat Face becomes latest retailer to earn B Corp certification
Fashion retailer Fat Face has earned B Corp status, becoming one of just over 1,000 businesses and the largest fashion retailer in the UK to achieve the certification.