All News articles – Page 297
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NewsTesco online director Rimal Patel quits to join Joules
Joules has poached Tesco’s online director Rimal Patel to spearhead its work with third-party businesses in the UK and overseas.
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NewsData: ‘Pingdemic’ hits footfall after short-lived ‘freedom day’ boost
Footfall over the month of July was down compared with June due to changeable weather conditions and an increase in the number of people being told to self-isolate.
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NewsMike Ashley to step down as Frasers boss as profits tumble
Retail tycoon Mike Ashley has confirmed his intention to pass the mantle of chief executive to Michael Murray in the next financial year.
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NewsJohn Lewis and Waitrose raise drivers’ pay to combat shortage
John Lewis Partnership, owner of the eponymous department store business and grocer Waitrose, has become the latest retailer to increase drivers’ pay as the industry faces a shortage.
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NewsExclusive: ISawItFirst makes top hire ahead of potential IPO
Fast-growing etailer ISawItFirst has hired former Matalan deputy chief executive Greg Pateras, who is understood to be gearing the business up for a stock market flotation.
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NewsMike Ashley mulls stepping down from helm of Frasers Group
Mike Ashley is understood to be considering handing over the reins as chief executive of Group to his future son-in-law and the retailer’s head of elevation Michael Murray.
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NewsThe Hut Group snaps up Cult Beauty in £275m deal
The Hut Group has acquired online beauty marketplace Cult Beauty for £275m and raised its full-year sales outlook as a result.
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NewsNew Look back in the black following CVA
New Look has returned to profit despite the impacts of the pandemic on physical stores.
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NewsSweaty Betty acquired by US firm Wolverine in $410m deal
Sweaty Betty has been purchased by US footwear manufacturer Wolverine Worldwide and will join the company’s portfolio of footwear and lifestyle brands, including Hush Puppies and Keds.
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NewsAlibaba revenues fall short of estimates as further regulatory crackdown looms
Alibaba reported an increase in sales but a fall in income as annual active consumers across the world reached over 1 billion for the first time.
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NewsRetailers hopeful ‘pingdemic’ disruption has passed its peak
The ‘pingdemic’ that has hit retail and distribution staff availability, leading in some cases to empty shelves, looks as if it may be easing.
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NewsMarks & Spencer offers truckers £2,000 sign-up bonus to beat shortage
Marks & Spencer is to award HGV drivers a £2,000 sign-on bonus as it seeks to address a shortage of hauliers that has hit the retail industry.
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NewsJoules posts profit rise as ecommerce growth offsets store closures
Fashion retailer Joules has reported an increase in full-year profits, despite the closure of its store estate during Covid lockdowns.
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NewsGreggs serves up better-than-expected profits as sales climb
Food-on-the-go specialist Greggs expects higher full-year profits than expected after rebuilding sales in the first half.
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NewsVery Group to resume paying dividends to Barclay family
The Very Group will restart dividends to billionaire owners the Barclay family after hitting pause on the payments for four years.
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NewsMorrisons suitor CD&R poised to kick off bidding war
Morrisons is bracing itself for a counter takeover offer this week as shareholder opposition mounts against Fortress’ £6.3bn bid.
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NewsTesco and Aldi hike driver pay as shortages hammer grocers
Tesco and Aldi have hiked the wages they pay to lorry drivers in a bid to overcome the HGV driver shortage and keep shelves stocked.
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NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
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NewsBloom & Wild snaps up French rival in European expansion drive
Bloom & Wild has acquired French rival Bergamotte for an undisclosed sum, marking its second European acquisition in four months.
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NewsAmazon second-quarter sales soar but pandemic surge slows
Amazon has recorded over $100bn (£72bn) in sales for the third consecutive quarter but forecasts that upcoming growth will be slower than pandemic levels.