All News articles – Page 238
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NewsPrimark to embark on ‘aggressive’ US store expansion plan
Primark has announced it is to embark on an “aggressive” expansion project to grow its US store estate.
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NewsGovernment announces transitional relief scheme for business rates
The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.
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NewsExclusive: River Island boss Will Kernan to step down
River Island chief executive Will Kernan is stepping down after three years at the helm, Retail Week can reveal.
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NewsBurberry unveils new British brand focus as profits and sales grow
Burberry has said it will refocus its branding on its British heritage under chief creative officer Daniel Lee, as sales and adjusted profits grew in the first half of the year.
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NewsLidl profits soar as customers switch millions of pounds to discounter
Lidl profits and sales have soared as deepening food inflation and the worsening cost-of-living crisis have seen hundreds of thousands of customers a week making the switch from supermarkets to the discounter.
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NewsJoules collapses into administration putting 1,600 jobs at risk
Fashion retailer Joules has collapsed into administration just days after talks over financing broke down putting 1,600 jobs at risk.
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NewsMade.com stock to be auctioned off in bid to recover cash for creditors
Made.com’s administrators have appointed auctioneers to help sell off its remaining stock.
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NewsCard Factory upgrades profit outlook as sales climb
Card Factory has raised its profit forecast for the full year following “stronger than expected” sales.
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NewsConsumer price inflation reaches new heights in October
Consumer price inflation has reached the highest level in 41 years, largely driven by fuel and food price rises.
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NewsAmazon plans 10,000 job cuts as Bezos warns of US recession
Tech giant Amazon is reportedly planning to shed 10,000 jobs in its corporate and technology divisions as founder Jeff Bezos warned US businesses should “batten down the hatches”.
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NewsExclusive: H&M Regent Street revamp to offer rental and beauty in UK firsts
H&M’s revamped Regent Street store will feature clothing rental and a beauty bar in two UK firsts, Retail Week can reveal.
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NewsWilko sells £48m distribution centre as it battles to shore up balance sheet
Wilko has completed the sale and leaseback of one of its distribution centres as it struggles to shore up its balance sheet after a bruising trading period.
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NewsMorrisons invests £3m in slashing prices on Christmas staples
Supermarket chain Morrisons has slashed the prices of 52 products it says “see a spike in sales” over the festive period, to help customers with the rising cost of living.
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NewsPrimark goes live with click-and-collect trial
Primark has launched its highly anticipated click-and-collect trial this morning.
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NewsDebenhams administrators rake in more than £7m as fees spike
The administrators of collapsed department store chain Debenhams have raked in almost £2m in fees during the current financial year alone after a hike in fees.
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NewsTesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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NewsJoules to appoint administrators after financing talks collapse
Joules has filed a notice of intention to appoint administrators after last-ditch efforts to secure emergency funding collapsed.
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NewsAsda returns to growth as value ranges lure new shoppers
Asda has registered its best quarterly trading performance for 18 months as its value focus drove a return to sales growth.
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NewsMade.com staff take legal action after being made redundant on Zoom
Made.com employees who found out they were losing their jobs on a Zoom call are to take legal action over the way the redundancies were managed.
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NewsAmazon launches cost-cutting review of unprofitable business units
Amazon is carrying out a broad cost-cutting review that will pare back parts of the business that have not been profitable.