All News articles – Page 254
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NewsAO pulls plug on Tesco shop-in-shop partnership
AO has ended its in-store tie-up with Tesco, closing its shop-in-shops after almost two years.
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NewsJoules upgrades profit forecast and extends borrowing facility
Joules has said its profits will be slightly ahead of expectations for the year and has secured an extension of its credit facility.
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NewsSupermarket sales grow for first time in over a year as food prices soar
Grocery sales have increased for the first time in more than a year – but experts have warned that “near record-breaking” food inflation will shift shopper behaviour in the coming months.
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NewsIn The Style edges to a loss despite strong sales growth
In The Style fell into the red with its first full-year results as a listed company, as boss Sam Perkins warned that the year ahead would be “a challenging one for consumers and retailers” and lead to widening losses.
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NewsWaitrose launches food hall partnership with Dobbies to drive convenience ambitions
Waitrose has teamed up with Dobbies to roll out a dedicated food offer across 50 of its garden centres over the next two years.
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NewsMade.com and Hotel Chocolat issue profit warnings
Made.com and Hotel Chocolat have both issued warnings over their profits, with the furniture retailer citing supply chain costs and low consumer confidence while the confectionary business plans a transitional year to focus on its most profitable markets.
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NewsH&M lays out plans to permanently exit Russia
H&M has followed in the footsteps of Nike and Ikea in permanently withdrawing from Russia following the invasion of Ukraine.
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NewsNext underpaid staff for months after IT problems
Next has apologised to staff after the botched integration of new IT systems caused swathes of its workforce to be underpaid for months.
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NewsDeliveroo slashes sales forecasts as ‘consumer headwinds’ hinder growth
Deliveroo has slashed its full-year sales forecast as “increased consumer headwinds” slam the brakes on growth.
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NewsAmazon throws down grocery gauntlet with Tesco Clubcard Price Match
Amazon has launched a Tesco Clubcard Price Match scheme as it bids to lure shoppers from the big four grocers during the cost-of-living crisis.
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NewsMarks & Spencer removes best before dates to crack down on food waste
Marks & Spencer is to remove best before dates from hundreds of fruit and veg lines in a bid to slash food waste in its stores and customers’ homes.
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NewsTesco, Aldi and Morrisons team up for town-wide digital recycling trial
Tesco, Aldi and Morrisons are among the retailers taking part in a recycling trial in Welshpool, Powys, which is believed to be the largest trial of a digital deposit return scheme to date.
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NewsAmazon to create 4,000 new UK jobs this year
Amazon has said it will create more than 4,000 new jobs this year, which will make it one of the UK’s top 10 largest private sector employers.
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NewsBurberry sales rise as domestic spend surpasses pre-pandemic levels
Burberry has posted a modest uplift in first-quarter sales as a decline in revenues in mainland China was offset by demand from shoppers across Europe, the Middle East, India and Africa.
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NewsPoundland owner Pepco’s sales soar as it increases store expansion plans
Pepco has upped its store expansion goals for the year to drive further growth.
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NewsDr Martens sales rise driven by wholesale and retail recovery
Dr Martens has recorded strong sales in the first quarter as its business continued to recover in all areas post-pandemic.
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NewsMorrisons faces CMA probe into McColl’s rescue bid
The UK’s competition watchdog has launched an investigation into the takeover bid for convenience specialist McColl’s by supermarket giant Morrisons.
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NewsNine in 10 UK retail chairs expect consumer spending to fall over next year
Ninety-five per cent of UK retail chairs forecast a drop in shopper spending over the next year, as Boots’ parent company chair Stefano Pessina said the UK would likely have a “bigger” recession than other EU countries.
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NewsBoohoo introduces returns charge to counteract rising costs of shipping
Boohoo is the latest fashion retailer to put in place a fee for customer returns.
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NewsMatchesfashion appoints former Asos CEO Nick Beighton as new boss
Matchesfashion has drafted in former Asos boss Nick Beighton as its new chief executive.