All News articles – Page 241
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NewsRetailers to splurge record £446m on golden quarter advertising
Retailers are taking their marketing and advertising spending to record levels this golden quarter, as the deepening cost-of-living crisis forces customers to cut discretionary purchases.
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NewsPrimark invests in Oxford Street store with Greggs cafe and vintage offer
Primark has opened two new elements in its Oxford Street East store as it places its bets on the shopping destination’s future.
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NewsMarks & Spencer rolls out Sparks loyalty scheme internationally
Marks & Spencer is launching its Sparks loyalty programme into big overseas markets including India and the US.
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NewsZara owner Inditex agrees sale of Russian business
Inditex, which owns brands including Zara, Bershka and Pull & Bear, has agreed the sale of its Russian arm to Daher Group.
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NewsIkea targets North West for expansion
Furniture and home giant Ikea aims to expand its presence in the North West where it will open three Plan and Order Points.
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NewsVirgin Wines expects sales and margin impact from tough trading conditions
Online specialist Virgin WInes anticipates flat sales and lower margins in its current financial year as tough trading conditions take a toll.
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NewsMarks & Spencer to quit Oxford Street flagship if rebuild plan rejected
Marks & Spencer has warned that it will cease trading from its flagship store on London’s Oxford Street unless redevelopment plans are given the go-ahead.
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NewsMade.com suspends new orders as it teeters on brink after sale talks collapse
Made.com is teetering on the brink of administration after several potential suitors pulled out of rescue bids for the business.
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NewsNew PM Sunak warned 10% business rates rise poses serious threat to retail
New Prime Minister Rishi Sunak has been urged to act on business rates, as the equivalent of a 10% increase next year threatens the survival of many retail businesses.
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NewsThree in four consumers to pare back spending as housing costs soar
Three quarters of consumers are set to cut their discretionary spending this winter to combat soaring costs associated with housing.
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NewsVery profits rise as cost reductions offset falling sales
The Very Group has posted a rise in full-year profitability despite falling sales, as the etailer hailed the impact of “diligent cost management” in a “challenging market”.
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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NewsMike Ashley's Frasers Group builds 5% stake in Asos
Mike Ashley’s Frasers Group has built up a shareholding of more than 5% in online fashion operator Asos.
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NewsMatalan poised to fall into hands of lenders
Matalan’s lenders are preparing to take control of the business following the deadline for rescue bids last Friday.
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NewsMorrisons kicks off supermarket sale and leaseback plans
Morrisons has kick-started plans to sell off some of its supermarkets in a bid to raise cash during difficult economic conditions.
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NewsAuthentic Brands Group adds Ted Baker to European portfolio
US conglomerate Authentic Brands has completed the acquisition of Ted Baker.
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NewsTesco to hire 15,000 temporary staff over Christmas
Grocery giant Tesco has announced plans to hire 15,000 temporary staff for Christmas to help customers over the busy festive period.
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NewsZara makes play for resale and repair market with pre-owned service
Zara is launching a new service to help its UK customers resell, repair or donate clothing bought from the retailer.
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NewsWickes warns of spiralling energy bill as sales rise
Wickes has warned its energy bill is set to soar by £7.5m next year as it flagged the impact of “uncertainties” surrounding operating cost inflation and consumer confidence.
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NewsDeliveroo reduces sales expectations amid ‘ongoing economic uncertainty’
Deliveroo has cautioned that full-year sales growth will come in at the lower end of expectations as it grapples with “ongoing economic uncertainty”.