All News articles – Page 312
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NewsFeelunique swings into profit off the back of strong sales
Pureplay beauty brand Feelunique has posted its first annual profit off the back of strong sales and customer growth.
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NewsPrimark boss insists ‘fashion is back’ as lockdown easing takes effect
Shoppers filled their baskets with the latest styles as well as staples at Primark when the retailer reopened, signalling hopes of a return to more normal life post-pandemic.
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NewsDixons Carphone poaches John Lewis exec to lead sustainability drive
Dixons Carphone has appointed John Lewis executive Moira Thomas as the new group director of sustainability and ESG.
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NewsIssa brothers’ Asda swoop sparks competition concerns
The Competition and Markets Authority (CMA) has raised competition concerns over the Issa brothers taking over Asda petrol forecourts – but has also opened the door to rubber-stamping the deal.
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NewsJohn Lewis to begin renovations on Peter Jones store in London
John Lewis is due to commence a renovation of its iconic Peter Jones facade in Chelsea, London.
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NewsHalf of listed retailers have no ethnic minorities at board level
Korn Ferry’s Consumer Diversity Index reveals that FTSE 100 companies have failed to meet the target of having one person of colour in each of their boardrooms by 2021, with half of listed retailers failing to have any ethnic minority representation.
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NewsPrimark owner to repay furlough cash as reopened stores deliver record sales
Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
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NewsUK retail footfall rebounds but pre-Covid comparisons highlight fragile growth
UK retail destinations all experienced a bounce when non-essential retail and some outdoor hospitality reopened, but weak pre-Covid comparisons show how far the industry still has to recover.
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NewsM&S to open new dotcom warehouse for ‘more digital future’
Marks & Spencer is to add an online warehouse to its Bradford distribution centre as it gears up for a “more digital future”.
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NewsNike to crack down on retail partners in bid to curb reselling
US sportswear giant Nike has warned retail partners that it will cut supplies of limited-edition trainers in a bid to curb an upsurge in reselling.
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NewsEG Group swoops for £100m Leon acquisition
EG Group, the petrol forecourts business whose billionaire founders also own supermarket chain Asda, have snapped up food-to-go business Leon for £100m.
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NewsRetail Week and Lifetime Training team up to create thousands of apprenticeships
Retail Week has joined forces with Lifetime Training to create thousands of apprenticeships for people from underprivileged backgrounds across the UK.
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NewsRetailers team up with government to launch #ShopKind campaign
Retailers including Tesco and B&Q have teamed up with various trade bodies, the Home Office, charity Crimestoppers and unions to launch a new campaign around staff abuse.
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NewsAsda faces mass exodus as top team seek new roles
Asda chief financial officer Rob McWilliam has stepped down from his role, as a number of Asda’s senior staff prepare to quit after receiving their final payouts from the Walmart share scheme.
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NewsOcado invests in autonomous vehicle software company
Commencing a multi-year partnership, which will see the two companies work together to create a new vehicle fleet, Ocado has invested in autonomous vehicle company Oxbotica.
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NewsThe Hut’s Matt Moulding on why donating £100m from IPO is just ‘good karma’
After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
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NewsDeliveroo hails strong performance in first update as listed business
Deliveroo has hailed a strong quarter with orders and gross transaction value across its platform both up in its first quarter as a listed company.
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NewsNaked Wines exceeds sales guidance as it seizes US opportunities
Pureplay wine specialist Naked Wines has hailed its performance over the last financial year, reporting it has exceeded sales guidance driven in particular by its US market.
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NewsAO hails ‘outstanding progress’ as sales and profits soar
AO.com has reported strong sales and expects profits for the year to be in line with market consensus after capitalising on “ the challenges and opportunities” presented by the pandemic.
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NewsThe Hut Group slips to full-year loss due to multiple ‘non-recurring’ costs
The Hut Group has incurred an operating loss for the last financial year due to a series of “non-recurring, non-cash events”, most notably linked to its IPO during the period.