All News articles – Page 286
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NewsAmazon warns of soaring supply chain costs as profits halve
Amazon has posted a plunge in quarterly earnings and expects to bear vast costs as it confronts supply chain and labour shortage challenges.
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NewsSainsbury’s boss Roberts reassures customers on Christmas availability
Sainsbury’s chief executive Simon Roberts has written to customers to assuage fears over the availability of traditional Christmas products this year.
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NewsMorrisons pledges earlier net-zero shift backed by own solar farm
Morrisons has committed to achieving net-zero carbon emissions by 2035 – 15 years ahead of the government’s target – and is establishing its own solar farm to support its ambitions.
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NewsTesco gears up for ultra-fast delivery with Gorillas partnership
Tesco has launched a pilot partnership with rapid delivery app Gorillas, offering customers groceries within 10 minutes, as it becomes the latest retailer to wade into the ultra-fast grocery space.
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NewsChancellor silence on online sales tax comes as blow to retail bosses
Retail chiefs were disappointed by the lack of decision on an online sales tax in yesterday’s Budget speech.
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NewsVirgin Wines posts first profit as public company as customer numbers soar
Following its IPO, Virgin Wines has recorded sales and profits growth, as more customers turned to shopping online.
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NewsFortnum & Mason CTO reveals progress of retailer’s digital transformation journey
Jon Weg has said the department store business wants to empower colleagues to “provide an even more exceptional level of service” supported by tech and data.
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NewsSunak unveils £7bn reduction in business rates but refuses to scrap system
Chancellor Rishi Sunak has unveiled a raft of measures to reduce business rates but stopped short of fundamentally overhauling the system.
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NewsWickes hails ‘resilient’ performance as it swerves supply chain slowdown
Wickes has reported a slip in third-quarter sales against strong comparatives, but sales rose strongly on a two-year basis.
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NewsIkea seals deal to take over landmark Topshop store
Ikea announced the acquisition of 214 Oxford Street for £378m.
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NewsSainsbury’s brings net zero pledge forward to 2035 ahead of COP26
Supermarket giant Sainsbury’s has bought its net zero pledge forward five years to 2035, ahead of the COP26 international climate change summit kicking off next week in Glasgow.
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NewsVery teams up with sportswear giants in drop shipping drive
Online retailer Very has struck stockless fulfilment deals with Adidas and Reebok which will provide customers with greater choice and faster, more flexible delivery options.
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NewsUK haulage industry gives PM final warning on looming Christmas crisis
The UK haulage industry has called on the prime minister to step up his “lacklustre” efforts on the driver shortage and act now to avert a Christmas crisis.
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NewsTHG sales leap as boss Moulding looks to rebuild investor confidence
The Hut Group (THG) has reported increasing revenues across its different categories and Ingenuity platform as boss Matt Moulding looks to win back fleeing investors.
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NewsMissguided to launch childrenswear range as it targets new customers
Missguided will debut its first children’s collection, MG Kids, on Thursday October 28.
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NewsUK could run out of warehouse space within a year, experts warn
The UK could run out of warehouse space within a year after the surge in online shopping and supply chain disruption during the Covid-19 pandemic sparked a boom in demand.
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NewsMissguided seeks emergency funding as supply chain crisis hits finances
Missguided has drafted in restructuring experts to secure emergency funds as the supply chain crisis batters the fast fashion firm.
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NewsTesco website and app hit by hackers, impacting thousands of shoppers
Tesco’s website and app were down for much of the weekend after being targeted by a suspected hack.
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NewsClarks slumps to record losses due to Covid-19 restrictions
Footwear specialist Clarks has slumped to record losses in its more recent full-year results due to coronavirus restrictions and store closures.
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NewsUnilever hikes prices as inflationary pressures bite
Unilever has hiked prices and warned of further inflationary pressure next year amid rising costs for energy and raw materials.