All News articles – Page 336
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NewsEdinburgh Woollen Mill falls into administration, 2,500 jobs at risk
Edinburgh Woollen Mill (EWM) has appointed administrators as the impact of the coronavirus pandemic hammers its business performance.
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NewsRetail rages over government store closure guidance
Retailers have been left angry and confused by the government’s handling of second lockdown store closures, after its guidance on mixed essential and non-essential retail was published late.
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NewsEntertainer boss’ fury at Westfield rent demand as lockdown begins
The Entertainer founder Gary Grant has reacted with anger and disbelief after lawyers acting on behalf of Westfield shopping centres demanded outstanding rent as his stores shut for the second lockdown.
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NewsTravis Perkins poaches Asda exec to helm digital transformation
Travis Perkins has snapped up long-standing Asda executive Phil Tenney to take up the role of chief information and technology officer, Retail Week can reveal.
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NewsWatch: M&S reveals star line-up for Christmas ads and charity donations
Marks & Spencer has brought a host of stars on board for this year’s Christmas food advertising campaign, which will also provide £2m for good causes.
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NewsAlibaba and Richemont invest in Farfetch for China push
Ecommerce giant Alibaba and luxury goods powerhouse Richemont are to invest in upscale online retailer Farfetch as the trio launch a Chinese partnership.
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NewsEx-BHS owner Dominic Chappell jailed for £2.2m tax evasion
Former BHS owner Dominic Chappell has been jailed for six years after evading a six-figure tax bill on the £2.2m he made from the high street chain.
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NewsSuperdry boss anticipates post-lockdown rush as stores close
While Superdry recorded a loss for the first half, boss Julian Dunkerton believes December will see customers rushing back to stores if lockdown restrictions ease.
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NewsDunelm and DFS forced to close under new lockdown regulations
Under the new lockdown restrictions homewares retailers Dunelm and DFS stores are not counted as essential.
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NewsChancellor Sunak extends furlough scheme until March
Chancellor of the exchequer Rishi Sunak has announced that the government’s job retention scheme will be extended until the end of March.
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NewsAsos bolsters top team with chief commercial officer
Asos has hired José Antonio Ramos Calamonte as its chief commercial officer as another new addition to its leadership team.
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NewsN Brown taps up investors for £100m fundraising as half-year profits fall
N Brown has launched a £100m fundraise to accelerate its strategy alongside reporting a decline in interim profits and sales.
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NewsMike Ashley fails to match Debenhams price tag and retracts offer
Mike Ashley is out of the running to acquire Debenhams after refusing to match the £300m price tag for the beleaguered department store chain.
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NewsSainsbury’s to axe 3,500 jobs as interim sales climb
Sainsbury’s has unveiled strong underlying results at the half-year mark as it revealed plans to streamline its Argos stores estate and shutter food counters in store, putting 3,500 jobs at risk.
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NewsClarks puts thousands of roles at risk in store management restructure
Clarks has told almost 4,000 UK store staff that their roles are at risk of redundancy as part of radical plans to revive the struggling business.
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NewsJohn Lewis to axe further 1,500 jobs in head office shake-up
Department store chain John Lewis has announced plans to cut a further 1,500 jobs between now and April, in a bid to create a “more flexible” head office.
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NewsM&S boss Rowe calls for extended Sunday trading before Christmas
Marks & Spencer chief executive Steve Rowe has joined Primark in calling for extended trading hours in the run-up to Christmas.
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NewsZalando raises profit forecast after ‘exceptional’ sales boost
Zalando has reported “exceptionally strong” growth in the third quarter, raising expectations for the full year.
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NewsIceland swings to profit as pandemic buying sends sales skyrocketing
Sales at Iceland surged in the six months to September as consumers shopped locally and stocked up on frozen food.
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NewsMarks & Spencer suffers first ever loss as coronavirus batters clothing sales
Marks & Spencer has slumped to its first loss as a listed business after the coronavirus crisis hammered sales in its clothing division.