All News articles – Page 309
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NewsBurberry hails ‘strong’ full-year results despite sales and profits fall
Burberry has recorded a decline in its full-year sales and profits, but boss Marco Gobbetti hailed the luxury retailer’s resilience as full-price sales drove momentum.
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NewsAustralian fashion giant Cotton On launches in the UK
Australia’s largest fashion retailer has launched an online store in the UK.
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NewsSainsbury’s launches Carluccio’s trial with three store-in-store formats
Sainsbury’s is set to launch three new Carluccio’s store-in-store concepts, representing the casual-dining brand’s first foray into supermarket retail partnerships.
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NewsUK economy shrank in first quarter as third national lockdown weighed on recovery
The UK economy shrank during the first three months of 2021 as lockdown measures hindered the country’s recovery.
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NewsChinese factory price hikes spark global inflation fears
Prices charged by factories in China have risen at the steepest rate for more than three years, sparking inflation fears across the globe.
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NewseBay offers loans to help small businesses bounce back from Covid
eBay has launched a new finance initiative to help small businesses bounce back after the coronavirus crisis.
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NewsJoules upgrades profit expectations following ‘strong’ sales
Joules has upped its full-year profit forecast after hailing a “positive performance” across all its sales channels.
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NewsRetail sales rise in April as pent-up demand brings shoppers back to store
Retail sales increased last month as shoppers flocked back to bricks-and-mortar stores following reopening on April 12.
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NewsMorrisons sales jump as fuel and food-to-go rebounds
Morrisons has posted an uptick in sales as it looks forward to “a year of meaningful profit growth”.
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NewsThe Hut Group secures £1.6bn funding as it pens deal with SoftBank
THG (formerly the Hut Group) has signed a deal with Japanese conglomerate SoftBank to receive $2.3bn (£1.6bn) in investment.
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NewsPret to trial ‘shop-in-shops’ in Tesco as it looks to reach wider customer base
Pret a Manger will open four new shops inside Tesco stores starting with a concession in the Kensington, London superstore in June.
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NewsNew Look boss looks to the future after winning landlord legal battle
New Look boss Nigel Oddy has said Monday’s favourable high court ruling will allow the retailer to put the fraught legal fight with some of its landlords behind it and focus on rebuilding for the future.
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NewsMade.com to double its UK warehousing capacity
Made.com is expanding supply chain capacity following high demand for its online furniture
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NewsGreggs upgrades profits after strong post-lockdown sales recovery
Food to go specialist Greggs has reported strong recovery in sales as the UK’s coronavirus restrictions have eased, saying profits for the year could be in line with 2019.
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NewsHotel Chocolat upgrades full year trading expectations following strong Easter
Hotel Chocolat reported surging sales over its crucial Mother’s Day and Easter periods and said it expected trading for the year to be “significantly ahead of expectations”.
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NewsCo-op boss Steve Murrells to head up retail climate steering group
Co-op boss Steve Murrells has been unveiled as the chair of the British Retail Consortium’s new Climate Action Roadmap steering group.
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NewsZara to launch first ever beauty collection with inclusivity at heart
Zara has announced plans to launch its own beauty range both in-store and online from May 12.
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NewsDixons Carphone to invest £25m in rewarding and upskilling colleagues
Dixons Carphone is set to invest £25m over two years to boost its colleagues’ training and wellbeing.
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NewsSainsbury’s hires ex-John Lewis boss Paula Nickolds to run GM and clothing
Sainsbury’s has appointed former John Lewis managing director Paula Nickolds to head up its clothing and general merchandise business.
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NewsZalando upgrades outlook for the year following ‘standout’ first quarter
German pureplay giant Zalando has upgraded its outlook for the 2021 financial year following what it called a “standout” first quarter.