All News articles – Page 296
-
NewsAdidas sells Reebok to Authentic Brands Group for $2.5bn
Adidas will sell the Reebok brand to American brand development, marketing and entertainment company Authentic Brands Group (ABG) following a decision earlier this year to focus on its core brand.
-
NewsTesco readies ‘just walk out’ tech at city-centre Express store
Tesco has refurbished its High Holborn Express store as the site of its first ‘just walk out’ branch open to public customers.
-
NewsScrewfix rolls out rapid delivery service to more locations
After a successful trial in Bristol, Screwfix has rolled out its Screwfix Sprint delivery option.
-
NewsPret a Manger staff considering strike action over pay cuts
Pret a Manger staff are reportedly considering strike action after the food-to-go chain permanently slashed pay despite easing coronavirus restrictions.
-
NewsMorrisons to shut all stores on Boxing Day
Supermarket giant Morrisons will shut all of its nearly 500 stores over Boxing Day to reward the hard work of its more than 110,000 frontline staff this year.
-
NewsAsda trials shop-in-shops for new start-up investment Lean Kitchen Network
Grocery giant Asda has invested in digital food service start-up Lean Kitchen Network (LKN) and unveiled plans for a four-store shop-in-shop trial, the latest in a string of partnerships designed to repurpose space in its stores.
-
NewsJohn Lewis leases massive distribution centre from Tesco to support online growth
John Lewis Partnership has agreed the lease of a 1 million sq ft distribution centre from Tesco as it builds online operations.
-
NewsDeliveroo growth beats expectations as it raids Amazon for senior hire
Food delivery specialist Deliveroo has reported growth “materially ahead of expectations” in its first half, when performance proved resilient as Covid restrictions eased.
-
NewsWatches of Switzerland revenues double as demand outpaces supply
Watches of Switzerland has hailed “strong” growth across its UK and US markets during the first quarter of its financial year.
-
NewsDeliveroo shares soar as German rival Delivery Hero gobbles up stake
German online food delivery giant Delivery Hero has snapped up a stake in Deliveroo, sending the share price of its UK rival soaring.
-
NewsHarvey Nichols launches online luxury resale service
Harvey Nichols has partnered with resale technology specialist Reflaunt to launch a second-hand fashion and accessories proposition online.
-
NewsData: Retail sales slow as weather dampens lifting of restrictions
Retail sales rose in July despite poor weather conditions dampening growth rates following the lifting of coronavirus restrictions.
-
NewsMcColl’s considers fresh equity raise to drive Morrisons c-store expansion
Convenience chain and Morrisons wholesale partner McColl’s is exploring an equity raise to drive the expansion of its Morrisons Daily store format.
-
NewsAustralian fashion brand Forever New launches first UK store
Forever New has opened its first store in the UK in Meadowhall Shopping Centre, Sheffield.
-
NewsMorrisons suitor CD&R mulls counteroffer as bid deadline extended
Morrisons bidder CD&R is considering an increased offer for the supermarket chain after rival suitor Fortress raised its bid last week.
-
NewsFortress increases bid for Morrisons to £6.7bn
The consortium led by US private equity firm Fortress has increased its offer for Morrisons in a bid to fend off rival suitors.
-
NewsAsda boss Roger Burnley steps down with immediate effect
Asda boss Roger Burnley has left the grocer with immediate effect, months before he had initially been due to step down – and with no successor in place.
-
NewsPoundland boosts pay and training for lorry drivers amid shortages
Poundland is to offer training packages and enhance its bonus scheme for lorry drivers as it bids to draft in 100 new workers across three of its distribution centres.
-
NewsAmazon delays office return to 2022 as delta variant spreads across USA
Amazon has postponed plans to return to the office until January next year as a surge in Covid-19 cases sparks concern across the United States.
-
NewsAdidas increases full-year outlook as pandemic recovery kicks off
Adidas has raised its full-year outlook as revenues in the EMEA and North American markets almost doubled in the brand’s second quarter following a challenging pandemic period.