All News articles – Page 319
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NewsPrimark loses £1.1bn in sales due to lockdowns
Primark estimates that non-essential retail closures across its global store estate cost the business £1.1bn in lost sales in the first half of its financial year, but expects the period after lockdown ends to be “highly cash generative”.
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NewsIkea full-year sales fall cushioned by strong online growth
Ikea has reported a decline in full-year sales across its UK business, but boss Peter Jelkeby praised the retailer’s accelerated transformation.
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NewseBay launches multimillion-pound programme backing social enterprises
eBay has launched a multi-million-pound programme to create jobs and opportunities in parts of the UK that have been hardest hit by the coronavirus pandemic.
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NewsOnline retailers launch new trade body to champion ecomm cause
Big-name pureplay retailers have formed an industry association to highlight their contribution to UK success and fight their corner – including on tax.
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NewsClarks top team exit in boardroom shake-up
Several members of shoe retailer Clarks’ leadership team have resigned from the business.
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NewsTikTok and Shopify partnership extends to UK as Facebook launches shopping tool
TikTok and Shopify have launched a partnership to help retailers and brands connect with new customers, while Facebook has created a rival shopping tool.
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NewsWatch: Asos relaunches Topshop and Topman with denim push
Asos has relaunched its newly purchased Topshop and Topman brands with a two-week social media campaign.
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NewsNon-essential retail to open on April 12 if Covid conditions met
Non-essential retailers will be allowed to reopen shops in April, alongside gyms, hairdressers and outdoor hospitality, if strict conditions are met, according to plans set out by the prime minister.
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NewsM&S boss Rowe hits out at ‘unbearable’ business rates burden
Marks & Spencer boss Steve Rowe has warned that the “unbearable yoke” of business rates will spark thousands more job losses unless the tax is overhauled by the government.
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NewsJohn Lewis plots further store closures as Covid crisis bites
John Lewis is planning a fresh round of store closures as the impact of the coronavirus crisis on physical retail deepens.
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NewsPoundland parent Pepco’s profits drop as it ramps up European expansion
Poundland’s owner Pepco Group has reported an uplift in full-year sales as it plans to open 400 new stores per year.
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NewsAmazon embroiled in fresh zero-hour contract controversy
Amazon is at the centre of a fresh storm over the use of zero-hour contracts for temporary workers.
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NewsOnline sales surge to highest ever levels in January
Online sales surged last month to account for more than a third of total retail spend – the highest proportion on record.
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NewsNext boss calls for business rates reform as Sunak delays government review
Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.
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NewsConsumer confidence boosted in February as vaccine rollout continues
Consumer confidence jumped in February as the UK looks forward to a post-pandemic future.
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NewsAsda sales rise as customers trade up over Christmas
Asda has reported that customers trading up and treating themselves over Christmas led to strong sales upticks in its fourth quarter.
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NewsMoonpig set to double full-year sales after ‘strongest ever’ Valentine’s Day
Moonpig reported the strongest week of trading in its history in the run up to Valentine’s Day.
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NewsAdidas set to sell off Reebok to bolster growth ambitions
Adidas has confirmed plans to offload Reebok as part of its five-year strategy to focus on strengthening its core brand.
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NewsRetailer anger follows call with ‘rude’ business secretary Kwarteng
Retailers’ relations with new business secretary Kwasi Kwarteng have got off to a rocky start after a bad-tempered call this week.
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NewsOxford Street plans climbable hill to lure shoppers back to district
Westminster City Council has unveiled plans to build a 25-metre tall climbable hill overlooking Marble Arch in a bid to lure shoppers back to Oxford Street once lockdown ends.