All News articles – Page 306
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NewsTesco and Carrefour to sever partnership after three years
Global grocery giants Tesco and Carrefour have decided to end their buying partnership, that was meant to lower prices and offer greater product choice for consumers, after just three years.
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NewsRetailers urge the government to extend credit insurance scheme
UK retailers are calling on the government to extend the scheme that guarantees trade credit insurance amid fears they could be unsupported when it ends.
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NewsGetir triples valuation after latest $550m fundraising round
Turkish on demand delivery startup Getir has raised $550m in its latest fundraising round and tripled its valuation to $7.5bn as it reportedly eyes a stock market listing.
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NewsTesco boss Murphy and Co-op’s Murrells join Retail Week Live line-up
Tesco supremo Ken Murphy, Co-op chief executive Steve Murrells and Ikea’s UK boss Peter Jelkeby have joined the stellar line-up for Retail Week Live 2021.
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NewsCBI urges government to extend support for businesses struggling to pay rent
The Confederation of British Industry (CBI) has urged the government to extend the moratorium on commercial evictions for businesses below 30% of normal levels.
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NewsTesco faces £2.5bn bill after staff win equal pay dispute
Grocery giant Tesco is facing the prospect of a £2.5bn bill after the European Court of Justice backed thousands of current and former shopfloor workers in a mammoth equal pay lawsuit.
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NewsB&M profits more than double as sales climb in ‘exceptional’ year
B&M has delivered rocketing full-year profits and a surge in sales as boss Simon Arora says the retailer’s store network and value offer will hold it in good stead for strong trading post-lockdown.
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NewsEtsy buys Depop for $1.6bn in bid to attract Gen Z shoppers
Online marketplace Etsy has acquired resale platform Depop for £1.13bn.
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NewsRetail price rises loom as food and shipping costs climb
Retail price rises are looming as industry costs rise and demand increases following pandemic and supply chain disruption.
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NewsWickes hails strength of showrooms as sales exceed expectations
Wickes has reported that it expects full-year profits to be at the top end of expectations as kitchen and bathroom orders boom.
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NewsKingfisher signs credit deal linked to sustainability targets
Kingfisher has announced a new revolving credit facility conditioned to its ambitious sustainable and community-based targets.
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NewsBensons for Beds appoints new chair
Bensons for Beds has appointed Ian Shepherd as the new chair of the business.
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NewsH&M’s online second-hand fashion store expands across Europe
Sellpy, the second-hand platform backed by fashion giant H&M, is to launch in 20 European countries.
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NewsOcado raises prospect of international retail expansion
Online grocer Ocado is weighing up retail opportunities outside its domestic market.
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NewsPandemic leaves retailers with £2.9bn in accumulated rent debt
The moratorium on aggressive debt collection from landlords is set to end next month, meaning thousands of retailers could face legal action as total rent debt is estimated to be £2.9bn.
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NewsDebenhams’ Magasin du Nord sold to European fashion group
Magasin du Nord, the Danish department store business formerly owned by Debenhams, has been sold for an undisclosed sum.
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NewsDreams boss Mike Logue: ‘Tempur deal will take industry to next level’
Dreams chief executive Mike Logue said he’s looking forward to what the sale of the business to mattress specialist Tempur Sealy can bring to the table.
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NewsJohn Lewis makes key hires to drive transformation programme
Department store group John Lewis has made three appointments to its top team who will play crucial roles in its turnaround strategy.
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NewsEG Group hails strength of foodservice business as first-quarter profits rise
EG Group has hailed the growth of its foodservice business after delivering increased profits in the first quarter.
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NewsPoundland expands online shopping trial to Midlands consumers
Poundland has extended its online trial to almost 2 million customers as it dials up its ecommerce ambitions.