All News articles – Page 317
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NewsCommercial evictions ban extended until end of June
The government has extended the commercial evictions moratorium until the end of June, in a move that will bring relief to struggling high street retail and hospitality businesses.
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NewsNext takes stake in Reiss in new strategic partnership
Next and Reiss have agreed on a long-term strategic partnership whereby Next will take a 25% equity stake in the fashion brand.
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NewsZara owner Inditex posts sales and profit fall in ‘challenging year’
Fashion giant Inditex’s executive chair Pablo Isla said the business has “emerged stronger” from the coronavirus pandemic despite suffering a slump in full-year profits.
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NewsFrasers Group’s Evans Cycles to axe 300 jobs in cost-cutting drive
The Mike Ashley-owned Evans Cycles is cutting 300 jobs and moving the remainder of its staff to zero-hours contracts in a bid to cut costs.
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NewsMarks & Spencer to downsize Marble Arch flagship with office redevelopment
Marks & Spencer aims to cut back retail space at its flagship Marble Arch store on Oxford Street in a redevelopment creating offices on upper floors.
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NewsKingfisher rolls out plans for B&Q stores in Middle East
Kingfisher has announced plans to open B&Q franchised stores in the Middle East starting with two in Saudi Arabia.
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NewsDFS profits surge as pent-up lockdown demand boosts sales
DFS has posted a jump in half-year profits as pent-up demand from the first national lockdown drove a sales spike.
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NewsWHSmith hails ‘better than expected’ sales as high street stores recover
WHSmith has posted a “better than expected” performance during the first two months of 2021 as its high street stores mounted a sales recovery.
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NewsRetail sales return to growth but reopening concerns remain
Retail sales returned to growth in February having shrunk in January but the BRC warned that many retailers were worried about getting through to the provisional April 12 reopening date.
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NewsMarks & Spencer launches online in almost 50 new international markets
Marks & Spencer has launched 46 websites in new overseas markets, bringing the number of international countries in which it operates as a pureplay to just over 100.
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NewsShoe Zone swings to full-year loss as Covid store closures bite
The UK’s largest value shoe retailer Shoe Zone has reported a loss for the year as the effects of the ongoing coronavirus pandemic begin to bite.
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NewsTesco store managers face job shake-up as part of stores restructuring
Tesco has put thousands of store-manager roles into consultation as it launches a major shake-up of its larger stores.
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NewsDeliveroo announces intention to float
Food delivery app Deliveroo has confirmed its intention to float on the London Stock Exchange after weeks of speculation.
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NewsMPs demand Boohoo bonuses linked with ethical and environmental pledges
The Environmental Audit Committee has written to Boohoo asking for its senior executives’ bonuses be linked to the progress made on its commitment to clean up its supply chain.
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NewsM&S names new retail ops director to drive transformation programme
Marks & Spencer has appointed a new retail operations director as it pushes forward with its transformation strategy.
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NewsRetail footfall climbs in February with lockdown end in sight
Footfall across all retail destinations rose between January and February this year, as customers flocked back to stores in anticipation of the easing of lockdown restrictions.
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NewsBrexit grace period extension breaks international law, says EU
The European Union has accused the British government of breaching international law as it made a move to extend the grace period for Irish border checks.
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NewsSainsbury’s to slash 500 head office roles and close distribution centre
Sainsbury’s is set to cut 500 roles at its London head office and close one of its London fulfilment centres in a bid to reinvest in its new ‘food first’ agenda.
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NewsBudget: Business rates holiday extended and new recovery grants revealed
Chancellor Rishi Sunak has extended the business rates holiday for a further three months and will offer non-essential retailers new recovery grants of up to £6,000 per store.
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NewsAldi to invest £22m on new and revamped London stores
Discounter Aldi is investing £22m in acquiring new stores and refurbishing existing ones in the Greater London area this year.