All News articles – Page 260
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NewsB&M names new chief executive as profits come in flat
Value giant B&M has promoted chief financial officer Alex Russo to become chief executive and reported flat full-year profits.
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NewsIncidents of violent crime and abuse of retail staff trebled during pandemic
Incidents of abuse and violent crime towards frontline retail workers trebled during the first year of the pandemic, despite vast swathes of bricks-and-mortar stores being closed.
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NewsMissguided tumbles into administration as rising costs bite
Missguided has called in administrators after failing to secure a buyer.
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NewsTJX Europe names new boss as Greenlees takes on global role
TK Maxx and Homesense owner TJX Europe has unveiled two major changes to its senior leadership team.
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NewsAuthentic Brands Group moves into pole position to buy Ted Baker
The US-based Authentic Brands Group has emerged as the frontrunner to win the battle for Ted Baker and is being advised by Bank of America on a £300m deal.
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NewsSainsbury’s commits to £500m price investment as customer concerns grow
Sainsbury’s chief executive has committed the grocery giant to invest a further £500m in lowering prices as customer concern over the cost-of-living crisis increases.
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NewsRevamped Retail 100 will ditch rankings to reflect modern leadership
Retail Week’s annual celebration of the industry’s most inspiring individuals driving people, purpose and profit will return on June 16. Unlike previous years, the Retail 100 2022 will be a showcase rather than a ranking, with disruptive brands, sustainability activists and people champions recognised alongside a more diverse mix of c-suite leaders.
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NewsM&S strikes healthy eating sponsorship deal with national football associations
Marks & Spencer has joined forces with the four UK home nations’ football associations to promote healthier eating.
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NewsMissguided close to collapse after winding-up petition issued
Fashion etailer Missguided is on the edge of collapse after creditors filed a winding-up petition.
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NewsAsda sales slump against strong comparables as cost-of-living crunch bites
Asda has reported a slump in first-quarter sales against strong like-for-like comparables as the cost-of-living crunch begins to hit consumers.
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NewsTed Baker chief optimistic as losses reduce and sales rise
Fashion retailer Ted Baker has posted an improvement in annual performance and was upbeat about prospects after an encouraging start to the new financial year.
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NewsJohn Lewis moves into clothing rental with Thelittleloop tie-up
John Lewis is dipping its toe into clothing rental after kicking off a trial with kidswear rental platform Thelittleloop.
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NewsMike Ashley’s Frasers Group takes $30m hit on sale of US businesses
Frasers Group has sold its two businesses in the US in a $70m (£55.7m) deal.
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NewsWickes hails ‘continued momentum’ despite dip in sales
Wickes has hailed a “promising start” to its financial year despite reporting a dip in sales.
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NewsJD Sports boss Cowgill steps down with immediate effect following governance review
JD Sports executive chair Peter Cowgill is to leave his post with immediate effect.
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NewsWalmart unveils drone delivery scheme for 4 million US households
Walmart’s new drone delivery service, which will be rolled out to six US states, will be available to shoppers by the end of the year.
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NewsPets at Home profits surge as sales climb bolstered by record new customer numbers
Pets at Home reported a jump in full-year profits and sales as outgoing boss Peter Pritchard as the retailer is ’well placed to accelerate our growth in market share’.
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NewsM&S ‘fundamentally changed’ as full-year profits climb and sales rise
Marks & Spencer has recorded a strong uplift in full-year profits bolstered by sales increases across both clothing and food, as outgoing chief executive Steve Rowe says the business has “the opportunity for substantial further growth”.
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NewsEG Group profits and sales jump on the strength of foodservice offering
Petrol forecourt giant EG Group has reported a leap in profits and sales in the first quarter off the back of strong performance from its growing food business.
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NewsGrocery sales slump as surging inflation leaves consumers ‘struggling’
Take-home food sales slumped in a month where inflation hit levels not seen since 2009, leaving millions of customers ‘struggling’ to make ends meet.