All News articles – Page 327
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NewsNext edges up profit guidance after stronger than expected Christmas sales
Next has upped its full-year profit guidance again after delivering “much better” sales over the Christmas period than expected in previous guidance
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NewsAll non-essential retail to close in England and Scotland as lockdowns return
Retailers classed as ‘non-essential’ will have to close their stores across England as the country enters its third national lockdown to stem the spread of coronavirus.
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NewsRecord Christmas supermarket sales as lockdown curbs spending elsewhere
UK supermarkets saw record-breaking sales in December, fuelled by coronavirus restrictions that forced non-essential retailers to close stores in the run-up to Christmas.
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NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
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NewsAldi hails strong Christmas trading with surges in-store and online
Discount supermarket chain Aldi has reported strong Christmas trading, driven by growth both in-store and online with its wine and special-buys offer.
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NewsPost-Christmas footfall drops as shoppers stay home
Retail footfall during the period after Christmas declined across all destinations as tighter coronavirus restrictions came in across the UK.
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NewsRetail counts jobs cost of brutal year with more to come in 2021
More than 176,000 jobs in retail were lost in 2020 after harsh high street conditions saw over 15,000 stores close, with experts warning more of the same in 2021.
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NewseBay £7bn advertising deal faces CMA probe
Online marketplace eBay is facing an investigation by the UK markets watchdog over the proposed £7bn sale of its advertising arm to a Norwegian firm.
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NewsAldi pledges to plough £3.5bn into UK-made food and drink
Aldi is upping its range of UK-made food and drink with plans to spend £3.5bn on domestic products annually within five years.
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NewsFormer Tesco boss Dave Lewis knighted in new year’s honours
Former Tesco chief executive Dave Lewis will be knighted in the Queen’s new year’s honours, while supermarket chiefs and workers are among those recognised for efforts during the coronavirus pandemic.
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NewsTier four extension forces non-essential retail to close in much of England
Tier four restrictions have been extended to cover most of England’s population and ‘non-essential’ retailers in affected areas have been forced to shut.
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NewsMarks & Spencer extends activewear offer after Covid sparks fashion shift
Marks & Spencer has expanded its activewear range, reflecting the category shift prompted by the Covid-19 crisis.
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NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.
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NewsTesco chair: Brexit food price changes ‘very modest’
Tesco chair John Allan has said any impact on food prices due to Brexit will be “very modest indeed”, following the news of a deal between the UK and the EU last week.
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NewsThe Hut Group acquires US skincare retailer and UK nutrition suppliers
THG, formerly known as The Hut Group, has acquired US-based firm Dermstore.com, as well as investing in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
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NewsBoxing Day footfall plummets as restrictions tighten
UK high streets were deserted on Boxing Day with shoppers choosing to remain at home as tier-four restrictions spread across more regions.
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NewsSupermarkets to airlift fruit and veg to UK to avoid stock shortages
Grocery retailers and suppliers are planning to airlift fresh produce into the UK after Christmas in a bid to prevent stock shortages in stores.
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NewsBeijing launches antitrust probe into online titan Alibaba
Beijing has launched an antitrust investigation into ecommerce titan Alibaba as part of a crackdown on monopolistic behaviour in China’s booming online market.
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NewsThousands more non-essential stores to close in tier four areas from Boxing Day
Non-essential retailers face the prospect of closing thousands more stores with new swathes of the UK set to be plunged into tier four restrictions from Boxing Day.
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NewsAnn Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.