All News articles – Page 292
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NewsZara owner Inditex profits and sales hit ‘historic highs’ bolstered by online surge
Zara parent company Inditex has recorded a spike in interim profits and sales driven by record-breaking second-quarter revenues.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsOcado losses widen due to warehouse fire and costs of driver shortage
Ocado revenues for the third quarter plummeted after a fire at its Erith distribution centre, as boss Tim Steiner warned ongoing driver shortages would add to costs for the rest of the year.
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NewsCD&R wins backing of Morrisons pension trustees
Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.
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NewsMade.com losses narrow as sales jump despite global freight issues
Made.com reported narrowing losses before tax for the first half, with gross sales and adjusted profits for the period offsetting global freight issues.
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NewsJD Sports delivers record results as sales and profits soar
JD Sports has delivered record results in the first half of the year as group sales and profits soared off the back of strong performances in the UK and US.
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NewsExclusive: Wilko invests £3m in StreetDrone to bring autonomous deliveries to high streets
High street retailer Wilko has invested £3m in UK autonomous delivery company StreetDrone as the companies plan to bring autonomous deliveries to Wilko consumers by the end of 2023.
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NewsSainsbury’s latest to close all stores on Boxing Day
Sainsbury’s has said that it will close all its supermarkets, convenience stores and petrol stations on December 26th, to reward staff for their hard work across what has been another year marked by the pandemic.
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NewsPrimark to showcase 80% of range on new customer-facing website
Primark is in the midst of building a customer-facing website, announced earlier this year.
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NewsPrimark profits to exceed last year despite fourth quarter sales hit
Primark owner ABF has said it expects full year profits to be ahead of last year, due to a reduction in labour overheads and lower store operating costs.
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NewsCouche Tard favourites should Asda owners look to sell EG Group
Canadian convenience store petrol station giant Couche Tard is seen as the favourite should Asda’s new owners look to sell off their forecourt empire.
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NewsInvestor builds ups stake in WHSmith with eye to international travel rebounding
Los Angeles-based activist investor Causeway Capital has boosted its stake in WHSmith amid hopes of a global bounce-back in travel.
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NewsAmazon offers to pay university fees for frontline US staff
Amazon has offered to cover the costs of university tuition fees for 750,000 of its frontline US staff, as it struggles to attract and retain new workers.
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NewsExclusive: Asda launches ‘pounds not points’ loyalty app for staff
Grocery giant Asda is trialling a new loyalty app called Asda Rewards for staff at 16 of its stores across the UK, focusing on giving customers ‘pounds not points’ rewards.
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NewsIkea set to buy former Topshop flagship in £385m deal
Ikea is understood to have entered into an agreement to purchase 214 Oxford Street for £385m.
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NewsMorrisons profits slide as supply chain ‘challenges’ bite
Morrisons has reported a slump in profits at the half-year mark as chair Andrew Higginson said the business had weathered a “variety of continuing challenges”, including supply chain disruption and driver shortages.
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NewsJD Sports circles Missguided for possible takeover bid
JD Sports is understood to be considering acquiring a controlling stake in fast fashion etailer Missguided.
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NewsBeauty Pie raises funds as it seeks to reach new markets
Luxury beauty platform Beauty Pie has raised $100m (£72m) in a bid to move to new markets and experiment with new retail formats.
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NewsAmazon UK tax bill under £500m despite blockbuster year
Amazon’s UK arm paid just £3.8m more corporation tax in 2020, despite sales rising by £1.9bn.
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NewsMorrisons takeover bidding war set to go to auction
Morrisons’ rival bidders Fortress and CD&R and set to go to auction to secure a final offer for the supermarket ahead of a shareholder vote on a takeover deal in October.