All News articles – Page 345
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NewsNext to sell Ted Baker lingerie and nightwear
Ted Baker has entered a licensing agreement to release its lingerie and nightwear collections in partnership with Next.
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NewsPets at Home raises full-year expectations as sales climb
Pets at Home has said that sustained strong sales growth in its current financial year mean that it now expects profits to exceed market expectations despite wider economic uncertainty.
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NewsIndian giant Reliance Retail mulls Debenhams bid
Reliance Retail, which is owned by India’s richest man Mukesh Ambani, is reportedly considering a bid for part or all of Debenhams.
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NewsTesco’s Dave Lewis calls for post-Covid crackdown on food waste
Tesco’s departing chief executive Dave Lewis has called on companies and countries to tackle food waste, which currently counts for 8% of global greenhouse gas emissions.
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NewsDFS swings to loss as sales slump in ‘disappointing’ year
DFS has fallen into the red in its preliminary results as sale declined, but boss Tim Stacey has stressed that the retailer’s performance has improved since stores reopened.
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NewsAldi makes click and collect available to customers for first time
Discounter Aldi has rolled out its click-and-collect trial to its first store, making the service available to customers for the first time.
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NewsNike eyes permanent shift online as digital sales soar in lockdown
Nike’s online sales surged during its first quarter as its direct-to-consumer strategy bore fruit during lockdown.
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NewsJoules ‘encouraged’ by recovery despite sales slide
Joules suffered a drop in sales during its first quarter as store closures dented its top line, but boss Nick Jones insists he is “encouraged” by the retailer’s recovery.
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NewsLovehoney chief executive steps down after 12 months
Lovehoney chief executive Sarah Warby has stepped down from her post for “family reasons” after just 12 months in the role, the retailer has confirmed.
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NewsPrivate equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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NewsFace coverings to become mandatory for retail staff from this week
The prime minister has announced that all retail staff working in stores will need to wear face coverings from this week or retailers will face severe fines of up to £10,000.
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NewsRevo calls on government to cap business rates at 30% as part of consultation
Revo has called on the government to cap business rates at 30% and to extend support measures beyond April next year as the first part of the reform consultation period closes.
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NewsWalmart TikTok deal in doubt after Trump calls for US ‘total control’
US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
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NewsPrime minister set to announce 10pm curfew for bars and restaurants
All pubs, bars and hospitality venues will be forced to close at 10pm across the UK from Thursday to help curb the spread of the coronavirus.
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NewsKingfisher ecommerce sales soar as Garnier praises ‘resilient’ results
B&Q owner Kingfisher has seen ecommerce sales soar in the first half of the year and pre-tax profits climb in what chief executive Thierry Garnier hailed as a “resilient” set of results.
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NewsPeacocks sale on cards as owner Day seeks valuation
The billionaire owner of Edinburgh Woollen Mill has asked for a valuation of the Peacocks business, potentially triggering a sale.
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NewsAsda deal could be struck this week
A sale of Asda could be agreed later this week by parent company Walmart, it is understood.
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NewsM&S marks rewards app milestone with ‘free shopping’ promotion
There have been approximately 1 million new downloads of Marks & Spencer’s Sparks loyalty app since its relaunch eight weeks ago.
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NewsSuperdry cautious as coronavirus hits profits
Fashion retailer Superdry has cautioned that ongoing uncertainty and disruption because of the Covid pandemic may affect performance as it posted a slump in sales and profits.
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NewsRetail chiefs urge government to protect staff following ‘tide of abuse’
Some of the biggest names in retail have banded together to call for government action to counter violence and abuse targeted at store staff, which has surged during the pandemic.