All News articles – Page 321
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NewsOcado narrows full-year losses as sales surge
Ocado has reported a spike in full-year sales as demand for online grocery during the pandemic jumped in what boss Tim Steiner says is a permanent shift in consumer shopping habits.
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NewsJanuary retail sales slide as shoppers cut back non-essential spending
January retail sales registered the sharpest decline since last May as customers reined in spending and lockdown hammered store sales.
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NewsM&S makes two key hires to bolster fashion business
Marks & Spencer has made two significant appointments at its clothing and home division – including a former George at Asda director – as it aims to be more relevant to fashion shoppers.
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NewsBoohoo snaps up Arcadia’s remaining brands
Boohoo has finalised the purchase of Arcadia’s Wallis, Burton and Dorothy Perkins brands out of administration.
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
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NewsAmazon creates 1,000 new apprenticeships in the UK
Global etail giant Amazon has announced it is creating 1,000 new apprenticeships in the UK across 25 different programmes within the business.
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NewsRecord spending spree to reignite economy post-pandemic, says BoE
The economy could hit pre-pandemic levels in early 2022 if households start spending the £125bn in pent-up savings once the vaccine is rolled out, according to the Bank of England.
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NewsFrench Connection board mulls sale after approaches
The board of struggling fashion brand French Connection are considering the sale of the retailer after receiving approaches from two companies.
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NewsTop retail and FMCG leaders commit to career development of industry staff
Executives from Mars, Frasers Group, Dr Martens, Sainsbury’s, Never Fully Dressed and more have become ambassadors for Retail Week’s Be Inspired programme, pledging to inspire and connect those working in retail to fulfil their career aspirations.
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NewsEuropean DIY etailer ManoMano doubles business as UK demand grows
European home and DIY platform ManoMano has reported soaring sales in 2020 driven by an uptick in UK demand.
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NewsWatches of Switzerland festive sales rise despite ‘significant headwinds’
Watches of Switzerland has reported a boost in sales across the UK and the US over the Christmas period in what boss Brian Duffy says was “another strong performance”.
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NewsJD Sports raises £464m to bolster acquisition drive
JD Sports has completed a fundraise for £464m, which it will use to drive its expansion and capitalise on acquisition opportunities in new and existing markets.
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NewsRetail footfall slides in January amid UK's third lockdown
Retail footfall dropped in January across all destinations as the UK went into lockdown for the third time since the outbreak of the coronavirus pandemic.
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NewsSainsbury’s short-selling rises despite GameStop phenomenon
There has been an uptick in shorting of grocer Sainsbury’s and shopping centre operator Hammerson’s shares in the past week, despite the targeting of hedge funds in the US by private investors organising on Reddit.
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NewsEG Group to buy Asda’s petrol forecourt business in £750m deal
EG Group will buy Asda’s petrol forecourt business in a £750m deal following the completion of the supermarket giant’s sale to the Issa brothers.
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NewsAlibaba sales surge amid China’s ‘rapid’ Covid-19 recovery
Alibaba has posted a spike in sales during the final quarter of 2020 following the “rapid recovery” of the Chinese economy in the wake of Covid-19.
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NewsAmazon boss Jeff Bezos steps down as quarterly sales pass $125bn
Amazon founder Jeff Bezos will resign as chief executive later this year and step into the role of executive chair.
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NewsCentral London economy battered by lack of tourists, says Khan
Research published by Sadiq Khan has revealed the Central London economy has been hit hard by a lack of tourism during the Covid-19 pandemic.
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NewsMoonpig valued at £1.2bn as float begins
Moonpig has begun trading on the London Stock Exchange with a market capitalisation of £1.2bn.
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NewsOcado trials electric and pedal-powered deliveries
Ocado has launched a trial of electric-assisted and pedal-powered vehicles to deliver groceries.