All News articles – Page 313
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NewsAsda to restructure in-store bakeries putting 1,200 jobs at risk
Grocery chain Asda is set to axe as many as 1,200 jobs as it looks to shake up in-store bakeries across its 341 UK supermarkets.
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NewsW Galen Weston, retail tycoon behind Primark and Selfridges, dies at 80
The UK-born retail entrepreneur and philanthropist W Galen Weston, whose empire spanned food, retail and real estate, has died at the age of 80.
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NewsTesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
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NewsJohn Lewis hires financial services chief as it seeks to extend reach
John Lewis Partnership has appointed a director of financial services as it seeks to push into that market to complement its retail operations.
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NewsJD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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NewsBoohoo buys London office as base for 600 staff
Fashion etailer Boohoo has acquired office premises in central London that will provide a base for 600 people.
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NewsJD Sports beats ‘unprecedented challenges’ to retain profitability
JD Sports has “retained substantially all of its record profitability” despite facing “unprecedented challenges” over the past year.
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NewsSainsbury’s strikes new deals with Deliveroo and Uber Eats
Sainsbury’s has signed a two-year deal with delivery specialist Deliveroo to extend a trial to 100 stores and another with Uber Eats covering a further 78 stores.
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NewsGrocery powers retail sales rise in March
Retail sales climbed in March, but many categories remained in decline as grocery powered the increase.
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NewsAlibaba hit with record £2bn fine for breaching competition rules
Chinese ecommerce giant Alibaba has been hit with an Y18.3bn (£2bn) fine after an investigation ruled that it had abused its market position.
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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NewsJohn Lewis boss Wicks lays down gauntlet to M&S and Next with Anyday launch
John Lewis boss Pippa Wicks believes the retailer can wrestle sales from high street rivals Marks & Spencer and Next through the launch of its new entry-level brand Anyday.
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NewsJohn Lewis unveils ‘most affordable range ever’ in time for stores reopening
Department store group John Lewis has launched an own brand promising “quality and style at everyday prices” that will be in stores from Monday when ‘non-essential’ retailers reopen.
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NewsUniqlo owner Fast Retailing posts surge in profits amid China recovery
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
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NewsAsos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
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NewsMorrisons becomes first UK grocer to remove plastic bags from stores
Supermarket giant Morrisons has become the first grocery chain in the UK to completely eliminate plastic bags from its stores, a move it says will save 3,200 tonnes of plastic a year.
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NewsAsos targets Black Friday Topshop splash after ‘great early momentum’
Asos aims to wow customers by unveiling its first in-house-designed Topshop lines for this year’s Black Friday extravaganza.
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NewsDunelm profits to beat forecasts despite store closures hit
Homewares specialist Dunelm reported that it underperformed the market in its third quarter as stores were shut during lockdown, but it still expects full-year results to beat expectations.
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NewsAsos lifts earnings forecast after stellar first half
Fashion etailer Asos has upped profit expectations after a strong first half powered by “exceptional execution” as the pandemic continued.
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NewsH&M angers Vietnam in bid to appease China
H&M has found itself the subject of another boycott, after its attempts to win back China upset Vietnam.