All News articles – Page 262
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NewsLandsec reports ‘return to growth’ at major retail destinations
Property group Landsec has posted an improved performance from its ’major retail destinations’ portfolio.
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NewsMcDonald’s to quit Russia, ending 30-year presence
Fast-food giant McDonald’s is to sell its Russian business following the country’s invasion of neighbouring Ukraine.
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NewsBank chief warns of ‘apocalyptic’ food price rise prospects
Bank of England governor Andrew Bailey has flagged the potential for “apocalyptic” food price rises fuelled by factors such as Russia’s invasion of Ukraine.
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NewsGreggs sales rise with travel back on the menu
Greggs has said that transport locations have recovered most as it continues to see sales rise.
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NewsWalgreens takes £4bn dividend from UK arm as Boots sale deadline looms
Boots’ US owner Walgreens has extracted $5.3bn (£4.3bn) in dividends from its UK arm.
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NewsMade.com strengthens top team as it issues profit warning
Made.com has called out a “more challenging than anticipated” trading environment in the first half of the year.
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NewsKingfisher and AllSaints executives join BRC board
Executives from DIY giant Kingfisher and fashion brand AllSaints have been appointed to the board of the British Retail Consortium (BRC).
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NewsJohn Lewis chair White calls for cost-of-living aid from government
The chair of John Lewis Partnership, Dame Sharon White, has called on the government to launch a financial package of support to help families navigate the cost-of-living crisis.
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NewsZara starts charging customers for online returns
Zara has started charging shoppers who return items purchased online.
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NewsTesco to rent out office space in stores as working habits shift
Tesco has struck a deal with office rental company IWG to create workspaces in shops as hybrid working persists.
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NewsJD Sports cautious on outlook despite sales rise
JD Sports sounded a cautious note on prospects as it posted a sales rise at the start of its new financial year.
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NewsSuperdry in-store sales rebound as online falls back
Superdry has reported a surge in store sales following the lifting of Covid restrictions, which also led to a fall in online revenues.
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NewsM&S appoints international retail director and gears up for growth in India
Marks & Spencer has promoted James Munson as international retail director as it plans to build operations in India, which is seen as a key growth market.
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NewsDiscount supermarket Motatos to launch in the UK this summer
Swedish online discounter Motatos is set to launch in the UK in June.
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NewsBeauty Bay seeks new options as IPO plans stall
Beauty Bay has hired bankers to advise on other options after scrapping plans to float.
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NewsTesco chair calls for action after lack of help to ease inflation in Queen’s speech
Despite promising to ease the cost of living crisis, no new measures were introduced in the Queen’s speech, after Tesco chair John Allan called for a windfall tax to ease rampant inflation.
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NewsIkea earmarks €1bn to adapt London stores for ecommerce
Ikea is set to spend €3bn throughout 2023 on adapting its iconic out-of-town big-box stores to double up as ecommerce distribution centres.
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NewsMorrisons prevails in race to snap McColl’s out of administration
Morrisons has beaten off competition from Asda owners the Issa brothers to snap up embattled c-store specialist McColl’s out of administration.
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NewsMade.com acquires Trouva as it ‘accelerates’ marketplace ambitions
Made.com has acquired homewares platform Trouva for an undisclosed sum, in a move that chief executive Nicola Thompson says will “significantly accelerate our growth strategy”.
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NewsMorrisons sweetens last-ditch McColl’s bid following EG Group swoop
Morrisons has upped its initial offer for convenience chain McColl’s in an eleventh-hour attempt to win the chain ahead of rival bidders EG Group.