All News articles – Page 247
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NewsJohn Lewis unveils one-off cost-of-living payment as losses widen
The John Lewis Partnership has authorised a one-off cost-of-living payment bonus and free food over the winter for staff as its losses deepen.
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NewsDFS profits plummet as supply chain issues and inflation take toll
DFS profits have plummeted as the retailer blamed supply chain issues, double-digit inflation and staff shortages for the slump.
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NewsWickes profits slip but full-year guidance remains unchanged
Wickes adjusted profits have slipped despite a marginal increase in sales, although the retailer’s full-year guidance remains unchanged.
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NewsTHG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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NewsAmazon to halt deliveries as retail shuts down for Queen’s funeral
Amazon has confirmed that all deliveries to customers will be paused for the duration of the Queen’s funeral on September 19.
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NewsInditex sales reach ‘historic high’ as it expands store estate worldwide
Inditex, the owner of brands including Zara, has registered record sales with positive numbers across all countries in which it operates.
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NewsDunelm pledges to ‘make every pound count’ as profits and sales climb
Dunelm has recorded an uplift in both profits and sales, gaining market share from homewares competitors.
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NewsNext pulls out of Joules takeover talks as founder Tom Joule returns
Joules has confirmed that discussions with Next to take an equity stake in its business have come to an end.
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NewsSainsbury’s ploughs £20m into ‘unprecedented’ autumn pay rise as cost of living mounts
Sainsbury’s is putting £20m into a fresh pay rise for staff “to support them with rising household costs”.
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NewsAldi leapfrogs Morrisons for first time as big four supermarket era ends
The era of the traditional big four supermarkets has come to an end with Aldi overtaking Morrisons in terms of grocery market share for the first time.
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NewsOcado warns on profits as cash-strapped shoppers cut back spending
Ocado has reported an uplift in third-quarter sales and customer numbers, but says inflationary pressures have reduced its average basket size as shoppers prioritise value for money.
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NewsHotel Chocolat closes US website as it pulls out of country to focus on UK
Hotel Chocolat has closed its US website months after closing stores in the region to focus instead on its home market
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NewsJohn Lewis, Primark, Aldi to shut stores all day for Queen’s funeral, others likely to follow
Leading retailers will close stores for the day on September 19 when Queen Elizabeth II’s funeral will be held
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NewsReiss swings into the black with record profits and sales
Reiss has reported record sales and profits for the year to January 2022, despite its stores being closed for the first 10 weeks of the year
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NewsWilko moves to monthly rent payments to manage cash flow
Wilko has shifted to monthly rental payments in a bid to conserve cash heading into the crucial golden quarter.
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NewsIceland takes Nordic nation to court again in trademark row
Frozen food specialist Iceland is taking the country of Iceland to court again in the fight to trademark its name.
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NewsMike Ashley steps up Debenhams legal battle and eyes Gieves & Hawkes swoop
Mike Ashley is stepping up his legal battle over the controversial collapse of department store chain Debenhams.
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NewsBoots appoints ex-Asda director Hemmerdinger to lead retail operations
Boots has appointed Asda’s former chief operating officer Anthony Hemmerdinger as retail director.
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NewsRetail pays tribute to Queen Elizabeth II
Retail has paid tribute to Queen Elizabeth II, who died at Balmoral on Thursday, aged 96.
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NewsTesco and The Entertainer launch concession partnership
Tesco has joined forces with The Entertainer to open toy concessions in 35 of its largest supermarkets.