All News articles – Page 340
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NewsBoohoo auditor quits over corporate governance concerns
Boohoo’s auditor PwC is stepping down amid concerns over the online retailer’s corporate governance.
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NewsStore closures hit record levels as 11,000 shut in first half of 2020
A record number of stores closed during the first half of 2020 as the coronavirus crisis hammered high streets, shopping centres and retail parks across the UK.
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NewsMike Ashley’s Frasers Group makes fresh bid to buy Debenhams
Mike Ashley’s Frasers Group has revived its efforts to buy struggling department store chain Debenhams.
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NewsEx-Tesco boss Dave Lewis to speak at Virtual Leaders' Summit
Tesco’s former chief executive and chair of the WWF’s board of trustees, Dave Lewis, has joined the line-up for Retail Week’s Virtual Leaders’ Summit in association with Be Inspired, running from November 9 to 13.
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NewsOnline sales growth slows despite new lockdown restrictions
While more lockdown restrictions were introduced across the UK in September, online sales growth normalised to pre-Covid levels.
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NewsEG Group reports record quarterly profits
Petrol forecourt specialist EG Group, which is controlled by Asda’s new owners the Issa brothers, has posted a record quarter of profitability.
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NewsAmazon appoints new European fashion boss
Amazon has promoted Ruth Diaz to the role of head of Amazon Fashion Europe.
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NewsPret to axe another 400 jobs amid ‘setback’ in Covid recovery
Pret a Manger is to axe another 400 jobs and shut six more stores as it wrestles with the damaging impact of the coronavirus crisis.
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NewsJohn Lewis boss White sets out new strategic vision
John Lewis Partnership chair Dame Sharon White has unveiled her strategy for the department store and grocery business.
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NewsSuperdry finance boss steps down after only a year
Superdry chief financial officer Nick Gresham is stepping down from the role with immediate effect.
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NewsWalgreens Boots Alliance profits dragged down by UK sales slump
Walgreens Boots Alliance has reported a drop in its fourth-quarter sales and profits exacerbated by a plunge in demand across the group’s UK arm.
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NewsAO.com set for ‘biggest ever’ Christmas as interim sales soar
AO.com has delivered a strong rise in sales across both the UK and Germany as boss John Roberts says accelerated online sales amid Covid-19 have ‘emphasised our strengths’.
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NewsDunelm delivers ‘strong’ first quarter as full-price sales climb
Dunelm has posted a substantial uplift in sales across its stores and online with improved margins driven by strong demand in a ‘buoyant homewares market’.
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NewsDeloitte resigns as Asda buyer EG Group’s auditor
EG Group’s auditor Deloitte has resigned just weeks after the petrol station giant’s co-founders sealed a £6.8bn deal to acquire Asda.
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NewsAsda strikes concession partnership with The Entertainer
Asda has launched a concession partnership with The Entertainer to boost its in-store toy proposition.
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NewsAO ties up with Tesco to launch first store spaces
AO.com has joined forces with Tesco to launch its first ever physical retail format, Retail Week can reveal.
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NewsJust Eat reports strong consumer appetite for food delivery
Food delivery specialist Just Eat has reported a rise in orders and expects a continued strong performance in the coming months.
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NewsAsos profits rocket as it adapts to Covid challenge
Onine fashion giant Asos has reported surging sales and profits after successfully navigating the pandemic so far, but it remained cautious on prospects as its young customers’ lives continue to be disrupted.
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NewsIkea to launch ‘Buy Back’ initiative for customers’ old furniture
Ikea has announced a new scheme in which it will buy back customers’ old or unwanted Ikea furniture.
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NewsGrocery sales rise as consumers shift spend to at-home options
Food retail sales have climbed as shoppers eat and drink more at home rather than going out as the effects of the Covid pandemic continue to play out.