All News articles – Page 334
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NewsM&S reshapes grocery team in ‘full shop’ push
Marks & Spencer has made changes to its grocery team as it bids to win a greater share of spend.
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NewsAsda sales rise as Christmas spending is brought forward
Asda has posted an increase in sales during its third quarter as demand for “key Christmas products” was brought forward.
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NewsSecond lockdown footfall ‘more resilient’ as Christmas nears
Retail footfall during the UK’s second lockdown has proved “more resilient” than in March, as shoppers head to stores in the lead up to Christmas.
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NewsNaked Wines names new finance boss
Naked Wines has appointed Shawn Tabak as new chief financial officer after promoting current finance boss James Crawford to the role of managing director of its UK business.
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NewsBoohoo appoints McCabe to chair audit committee following slavery allegations
Boohoo has appointed Shaun McCabe to its board as new audit committee chair following the modern slavery allegations made against the group earlier this year.
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NewsWalmart sells majority stake in Japanese supermarket chain Seiyu
US retail giant Walmart has sold its majority stake in Japanese grocery chain Seiyu for $1.6bn, continuing its retreat from international markets.
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NewsGreggs makes 820 redundancies as new lockdowns hit business
Food-to-go giant Greggs has made 820 redundancies across the business with boss Roger Whiteside warning the “battle with Covid hasn’t gone away”.
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NewsTopshop owner Arcadia in talks to secure £30m loan
The Arcadia group led by Sir Philip Green is understood to be urgently seeking fresh funding after the second national lockdown in England put paid to its recovery plans.
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NewsJD Sports mulls Debenhams rescue bid
JD Sports has emerged as a prospective bidder for the Debenhams and is understood to be running due diligence on the business.
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NewsStores might never reopen if lockdown extended, retail bosses warn
More than 60 high street bosses have signed a letter calling for the lockdown in England to not be extended beyond December 2.
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NewsPret a Manger to launch hot dinner menu this week
Pret a Manger will launch a range of hot dinner options this week as it ramps up its response to the coronavirus crisis.
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NewsHabitat to close flagship and relaunch in Sainsbury’s and Argos
Sainsbury’s-owned furniture brand Habitat is due for a reset over the coming months, including the closure of its iconic Tottenham Court Road store.
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NewsJD Sports’ Footasylum deal revived as CMA verdict quashed
JD Sports’ acquisition of Footasylum could be back on after the Competition and Markets Authority’s decision to block the deal was sensationally quashed.
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NewsNew Asda owners sell stake in EG Group empire
Asda’s new owners the Issa brothers have offloaded a stake worth hundreds of millions of pounds in their EG Group petrol forecourts business.
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NewsFarfetch losses spiral despite sales gains
Farfetch has suffered widening losses during its third quarter despite a spike in sales.
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NewsWatch: John Lewis unveils ‘give a little love’ Christmas ad after Covid year
Department store business John Lewis and grocery stablemate Waitrose have launched “a Christmas ad like no other in a year like no other”.
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NewsUK retail chairs predict hiring freezes, redundancies and more store closures
Chairs from across UK retail have warned of hiring freezes, staff reductions and store closures over the coming months amid the ongoing fallout from the coronavirus pandemic.
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NewsBurberry ‘encouraged’ by recovery despite sales slide
Burberry has recorded a sharp drop in profits and sales amid the pandemic, but has seen shoots of recovery in certain regions.
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NewsRetail Week Awards 2021 shortlist revealed
Retail Week has unveiled its shortlist for the Retail Week Awards 2021.
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NewsAlibaba Singles’ Day sales surpass $70bn, spurred by luxury
Alibaba posted record sales of $74bn (£56bn) for its annual Singles’ Day Sales event, which this year was extended beyond the usual one day of deals.