All News articles – Page 259
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NewsPoundland parent’s sales and profits rise as UK shoppers rein in ‘essential’ spending
Poundland owner Pepco Group has said UK shoppers are “scaling back even on essential purchases” amid the cost-of-living crunch.
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NewsCD&R clears final hurdle for £7bn Morrisons acquisition
Clayton, Dubilier & Rice (CD&R) has been given the all-clear to complete its £7bn acquisition of Morrisons after the competition watchdog agreed to its offer to sell some petrol forecourts.
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NewsAO scraps German business following strategic review
Electrical goods etailer AO.com has taken the decision to close its German business after eight years of trading, following a strategic review into its performance.
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NewsJohn Lewis names first three locations for house-building scheme
John Lewis has confirmed the first three locations for its build-to-rent scheme as it aims to build 10,000 homes by 2030.
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NewsQuarter of UK households turn to second-hand market to beat cost-of-living crunch
New data shows that nearly a quarter of UK households are looking to the second-hand or resale markets as they look to deal with steepling costs driven by rampant inflation.
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NewsBoots freezes prices on 1,500 products as cost-of-living crunch intensifies
Boots has committed to locking the prices of its most regularly purchased own-brand product lines in a bid to “reassure” shoppers amid the growing cost-of-living crisis.
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NewsZara owner Inditex posts sales and profit rise despite Ukraine war impact
Fashion giant Inditex, owner of Zara, has reported a suresulrge in sales and profits but booked a substantial provision for the costs of Russia’s invasion of Ukraine.
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NewsM&S launches tech start-up sustainability challenge to drive net-zero goals
Marks & Spencer has unveiled a sustainability challenge for tech start-ups as it pursues its ambition to become a net-zero business by 2040.
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NewsEx-Asos boss Nick Beighton joins Secret Sales
Former Asos chief executive Nick Beighton is set to become chair of discount fashion platform Secret Sales.
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NewsJD Sports faces CMA fine for ‘cartel activity’ on alleged football shirt price-fixing
JD Sports is facing a hefty fine from the competition watchdog after admitting to “cartel activity” by fixing the retail price of football shirts.
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NewsTed Baker sale in doubt as preferred bidder pulls plug on deal
The proposed sale of Ted Baker has been thrown into doubt after the board’s preferred bidder dramatically backed away from a deal.
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NewsPlatinum jubilee drives footfall bounce as grocers report strong trading
The extended platinum jubilee bank holiday was a boon for retail footfall, as some grocers reported strong sales in alcohol and commemorative food products despite the cost-of-living crisis.
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NewsNew Look chief executive Nigel Oddy steps down
New Look boss Nigel Oddy has confirmed plans to exit the business.
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NewsMarks & Spencer trials refillable home-care products
Marks & Spencer has extended its ‘fill your own’ food concept to cleaning and laundry products.
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NewsIceland and Waterstones’ bosses named in Queen’s birthday honours
A number of retail leaders have been recognised in the Queen’s birthday honours list this year.
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NewsAmazon’s global consumer boss exits
Amazon’s worldwide consumer chief executive Dave Clark is leaving the business after 23 years.
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NewsAsos makes moves to ‘be more circular’ with Thrift+ partnership
Asos has taken steps towards one of its key sustainability pillars – “be more circular”.
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NewsDr Martens profits surge as it upgrades sales guidance
Dr Martens has posted a surge in profitability and upgraded sales guidance for its new financial year as its direct-to-consumer strategy drives performance.
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NewsShop prices soar in May but inflation to ‘get worse before it gets better’
Shop prices rose further in May as inflationary pressures took their toll on retailers’ margins.
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NewsFrasers rescues Missguided from administration as boss Murray shakes up leadership team
Frasers Group has bought collapsed online fashion operator Missguided out of administration for £20m.