All News articles – Page 346
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NewsAsda to pilot convenience format and B&Q shop-in-shops
Asda is to test a new convenience store format and launch B&Q shop-in-shops inside four of its largest superstores.
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NewsAspinal of London launches CVA in bid to shutter stores and move online
British heritage brand Aspinal of London has proposed a company voluntary arrangement (CVA) with the aim of moving the brand online.
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NewsCzech billionaire ups stake in Sainsbury’s
Czech billionaire Daniel Kretinsky has taken a major stake in Sainsbury’s, making him the fouth largest shareholder.
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NewsJohn Lewis boss Wicks: Christmas trading to be ‘as good or better’ than last year
John Lewis’ new boss Pippa Wicks believes the department store will be able to match or surpass last year’s festive sales performance despite ongoing disruption sparked by the coronavirus.
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NewsCo-op to invest in prices and tech to ‘stay relevant’ in looming grocery war
The Co-op is set to invest in pricing and customer-facing technology, as boss Steve Murrells pledges to keep the core food business relevant to more price-conscious consumers.
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NewsJohn Lewis axes staff bonus after racking up first-half loss
Department stores and grocery business John Lewis Partnership has posted a first-half loss and told staff they will not receive a bonus this year.
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NewsCo-op profits climb following ‘exceptional’ food performance
Convenience retail and funerals group the Co-operative has posted a surge in profits after the coronavirus outbreak prompted shoppers to flock to its stores.
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NewsNext resilience through pandemic prompts profits optimism
Fashion giant Next has increased its full-year profit guidance as it navigates the disruption caused by the Covid pandemic.
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NewsGovernment extends commercial evictions ban until the end of 2020
The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.
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NewsWaitrose to close three stores and sell one to Tesco
Waitrose is set to close three stores and sell another to Tesco after struggling to make the sites profitable in the long term.
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NewsInditex returns to profitability as online sales soar
Inditex has posted a profit in its second quarter, as it begins to recover from the impacts of the coronavirus pandemic.
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NewsLego to ditch plastic packaging following customer pressure
Toy giant Lego has confirmed that it will begin phasing out plastic packaging from next year, following pressure from customers over its sustainability record.
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NewsSainsbury’s offers customers Nectar points at Argos for first time
Grocery giant Sainsbury’s has begun offering customers Nectar points when shopping for Argos products.
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NewsThe Hut Group begins trading on London Stock Exchange after successful float
The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.
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NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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NewsOcado struggling with new customer backlog despite capacity increase
Ocado’s chief financial officer has defended the retailer’s response to growing demand for its service, despite saying it was “barely scratching the surface” with regards to its backlog of new customers.
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NewsH&M posts ‘better than expected’ recovery
H&M has announced it expects a return to profit this year, as its finances begin to recover post-Covid.
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NewsMorrisons poaches Sainsbury’s Rachel Eyre as new customer and marketing boss
Morrisons has poached Sainsbury’s Rachel Eyre as its new chief customer and marketing officer.
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NewsEat Out to Help Out scheme wipes £155m off supermarket sales
Shoppers spent £155m less in supermarkets last month as they returned to restaurants, pubs and cafes during the Eat Out to Help Out scheme.
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NewsNext seals deal for Victoria’s Secret UK business
Next has reportedly sealed a deal to snap up a majority stake in Victoria’s Secret’s struggling UK business.