All News articles – Page 342
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NewsNew Covid restrictions pile pressure on retailers in Scotland
A raft of new restrictions unveiled by the Scottish government to combat Covid-19 is likely to pile pressure on retailers across the country.
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NewsFootfall increase slowed by rule of six and 10pm curfew
Retail footfall across the UK slumped over the last five weeks as the government’s new restrictions on hospitality took their toll.
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NewsFrasers Group wins shareholder approval for £100m staff bonus scheme
Frasers Group has won approval from its shareholders to launch its first staff incentive programme since 2017.
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NewsEnvironmental Audit Committee reopens fast fashion inquiry
Two years after its inquiry into fast fashion, the Environmental Audit Committee has decided to revisit the issue after new concerns came to light during the coronavirus pandemic.
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NewsSosandar interim sales jump despite ‘challenging’ environment
Sosandar has recorded a surge in sales at the half-year mark as the brand snaps up “significant market share” from its fashion rivals.
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NewsTesco poaches Tate & Lyle CFO as half-year profits and sales climb
Tesco has snapped up Tate & Lyle finance chief Imran Nawaz and reported a strong uplift in interim profits driven by shoppers flocking online during the pandemic and choosing to stock up with bigger shops less often.
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NewsIkea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.
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NewsHolland & Barrett boss Tony Buffin to depart in reward dispute
Holland & Barrett chief executive Tony Buffin is to quit the retailer little more than a year after being appointed, Retail Week understands.
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NewsClarks launches CVA in bid to close stores as part of rescue deal
Footwear specialist Clarks has launched a CVA in a bid to shutter stores and secure a much needed cash injection from outside investors.
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NewsDecathlon plans more UK stores as sales climb
Sporting goods giant Decathlon has reported a rise in annual sales in the UK and plans to open more stores here this year and next.
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NewsCo-op rolls out revamped membership scheme
The Co-op has revamped its membership scheme by overhauling customer rewards on purchases and doubling the funds going to community groups.
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NewsWagamama owner The Restaurant Group swings to loss
The owner of high street restaurant chains Wagamama and Frankie & Benny’s has swung to a half-year loss after being “severely impacted” by the coronavirus crisis.
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NewsWatches of Switzerland increases profit guidance as sales surge
Watches of Switzerland has increased its full-year profit guidance following “stronger than expected” sales performance during its second quarter.
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NewsBoohoo investors urged to oust Kamani and Lyttle over modern slavery scandal
Boohoo’s biggest shareholders have been urged to oust its chair and co-founder Mahmud Kamani and boss John Lyttle following a damning report into working conditions and pay in the warehouses of its Leicester suppliers.
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NewsAnn Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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NewsMulberry losses deepen due to Covid-19
Struggling global handbag and accessories retailer Mulberry has seen its losses deepen due to the ongoing effects of the coronavirus on sales.
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NewsDeliveroo drafts in Goldman Sachs as it eyes London float
Delivery app Deliveroo has drafted in investment bank Goldman Sachs to help guide it to a float on the London Stock Exchange.
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NewsWaitrose delivers early blow in online battle with Ocado
Waitrose has stolen a march on former partner Ocado in the battle for online shoppers after the pureplay’s capacity issues saw weekly orders slump.
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NewsIssa brothers’ Asda swoop ‘not a traditional private equity deal’
Asda’s chief financial officer has said the £6.8bn sale of the retailer is “not a traditional private equity deal” as the billionaire Issa brothers reflect the grocer’s values and long-term strategic aims.
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NewsWalmart completes sale of Asda to Issa brothers for £6.8bn
Walmart has completed the sale of UK grocery chain Asda to global convenience and forecourts retail business co-founders the Issa brothers for £6.8bn.