All News articles – Page 242
-
NewsRetail sales slump below pre-Covid levels in September
Retail sales volumes slumped to below pre-Covid levels in September as sluggish consumer confidence and store closures during the Queen’s funeral impacted performance.
-
NewsConsumer confidence enjoys meagre boost following mini-budget
Consumer confidence was boosted by former chancellor Kwasi Kwarteng’s mini-budget but remains in the doldrums as shoppers grapple with the “new abnormal”.
-
NewsDunelm reports ‘robust’ trading despite sales fall
Homewares specialist Dunelm has posted a fall in quarterly sales but described trading as “robust” and maintained profit forecasts in the face of tough trading conditions.
-
NewsWaitrose customers turn to cheaper products and freezing leftovers as costs bite
Waitrose customers are not immune from the ongoing cost-of-living crisis, with millions turning to cheaper cooking oils, loose vegetables and freezing food to stick to budgets.
-
NewsSephora UK website launch plagued by technical difficulties and poor user experience
Sephora UK’s long-awaited website launch has been plagued by technical difficulties, blurry images and low stock, according to disgruntled shoppers.
-
NewsAnalysis: How should retailers approach a cost-of-living Black Friday?
These are dark times for Black Friday. With the threat of a recession growing with every government U-turn and consumer confidence plumbing historic lows, retailers are facing the event – and the crucial golden quarter – firmly on the back foot
-
NewsExclusive: Wilko drafts in advisers as it eyes further cost-cutting measures
Wilko has drafted in advisory experts Teneo as it seeks to cut costs across the business in the face of the cost-of-living crisis.
-
NewsExclusive: Iceland boss Richard Walker launches bid to become MP
Iceland boss Richard Walker has launched a bid to stand for Parliament at the next general election, Retail Week can reveal.
-
NewsConsumer price inflation peaks as food prices soar
Consumer prices soared in the 12 months to September, driven by rising food and beverage prices.
-
NewsNew Asos boss lays out 12-month turnaround plan as it swings to loss
Asos swung into the red as it struggled against an “incredibly challenging economic environment”.
-
NewsProCook becomes first listed retailer to gain B Corp certification
ProCook has become the first retailer listed on the London Stock Exchange to achieve B Corp status.
-
NewsExclusive: Fenwick sales rise and losses slashed after weaning itself off ‘discounts drug’
Department store business Fenwick increased sales and cut losses last year as it turned pandemic challenges into opportunities by changing its business model.
-
NewsAsda launches ‘Express’ convenience store format
Supermarket giant Asda will open its first ‘Asda Express’ c-store format next month in the Midlands, with a further 30 store openings planned for 2023.
-
NewsFrasers’ MySale offer goes unconditional as share threshold crossed
Frasers Group’s offer for online retailer MySale has gone unconditional after passing the 50% control threshold.
-
NewsThe Hut founder Moulding adds to stake as SoftBank bails out
Matt Moulding has increased his shareholding in THG – formerly The Hut – after investor SoftBank unloaded its shares at below the etailer’s IPO valuation.
-
NewsBensons for Beds rescues Eve Sleep out of administration
Embattled mattress retailer Eve Sleep has been rescued out of administration by Bensons for Beds.
-
NewsGovernment U-turn on VAT-free shopping is ‘hammer blow’ for UK retail
UK retail representative bodies have called the government’s decision to roll back promised VAT-free shopping a “hammer blow” for an industry still struggling to recover fully from the pandemic.
-
NewsShein faces backlash over supply chain working conditions
Working conditions at Chinese fast-fashion giant Shein are under scrutiny after an investigation found evidence that people in its supply chain are working 18-hour days for as little as 3p an hour.
-
NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
-
NewsEve Sleep abandons sale process and appoints administrators
Mattress-in-a-box brand Eve Sleep has drafted in administrators after abandoning its bid to find a buyer to turn around its fortunes.