All News articles – Page 258
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NewseBay European boss poached by Asda owner TDR Capital
The head of eBay Europe, Rob Hattrell, is leaving the marketplace giant to join private equity firm and Asda co-owner TDR Capital in the autumn.
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NewsNew Look names chief executive to replace Oddy
Fashion retailer New Look has promoted Helen Connolly to become chief executive, succeeding Nigel Oddy.
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NewsHalfords warns on profits in face of cost-of-living crisis
Halfords has downgraded its profit expectations for the full year despite a rise in sales and profits.
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NewsBoohoo sales decline as elevated returns plague fast fashion
Boohoo has recorded a decline in sales against strong comparables year on year.
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NewsAsos names new chief executive and chair as it warns on profits
Asos has appointed José Antonio Ramos Calamonte as its new chief executive and Jørgen Lindemann as incoming chair.
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NewsIkea to sell off factories as it ‘scales down’ operations in Russia and Belarus
Ikea has said it is entering the next stage of its plans to ‘scale down’ in Russia and Belarus in response to the war in Ukraine.
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NewsH&M sales jump as post-pandemic recovery marches on
H&M has continued its post-pandemic recovery with sales across all markets jumping 12% in its second quarter.
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NewsWHSmith sales soar ahead of pre-pandemic levels as travel recovers
WHSmith has reported sales ahead of pre-pandemic levels for the first time as revenues soared off the back of a strong recovery in travel.
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NewsMissguided’s Passi rejoins as CEO under new Frasers ownership
Missguided founder Nitin Passi has returned to the business as chief executive, eight weeks after he stepped down from the role.
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NewsAsda reshuffles senior management pack after KFC poaches director
Asda has reshuffled its senior management team after KFC poached its chief customer officer Meg Farren.
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NewsZalando amps up content creation with Highsnobiety acquisition
Fashion platform Zalando is aiming to boost its content skills with the acquisition of media group Highsnobiety.
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NewsOxford Street candy stores investigated over tax affairs
Thirty American-style candy stores on London’s Oxford Street are under investigation for allegedly failing to pay £7.9m in business rates.
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NewsHome-working shift threatens ‘permanent scarring’ for city centre trading
The switch to working from home will hit urban retail locations permanently if sustained at present levels, a leading shopper footfall monitor has warned.
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NewsGovernment appoints cost-of-living tsar as inflation climbs
The government has appointed Just Eat founder David Buttress to work with companies including grocers to support consumers as the cost-of-living crunch bites.
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NewsPoor working practices in Leicester persist, finds Boohoo-funded survey
A study carried out by the Garment & Textile Workers Trust found that the exploitation of workers has continued to plague Leicester.
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NewsNearly 650,000 retail jobs lost over last five years
Over half a million retail jobs have been lost and over 70,000 stores closed across the UK since 2017, according to new figures.
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NewsMorrisons owners mulls £600m warehouse sale
The private equity owners of Morrisons are considering a sale of its food production arm as costs across the grocer bite.
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NewsMorrisons increases basic pay for all UK staff to £10.20 an hour
Morrisons has increased its base pay rates for frontline staff to £10.20 an hour across the whole UK, making it the highest-paying supermarket in the country.
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NewsProCook warns on profits as shoppers ‘tighten their belts’ amid cost-of-living crunch
ProCook has said sales and profits for its current financial year will be behind previous forecasts as shoppers face “exceptional pressures on discretionary spend”.
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NewsReliance and Apollo team up to lodge £5bn binding bid for Boots
Reliance Retail and Apollo are understood to have made a formal offer for Boots, which would allow current owner Walgreens to retain a significant minority stake.