All News articles – Page 348
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NewsTesco to pilot drone deliveries in innovation drive
Tesco is to start testing home grocery deliveries by drone as it ramps up its innovation drive.
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NewsDunelm profits and sales slide despite homewares boom
Dunelm has posted a fall in full-year profits as store closures during the coronavirus crisis dented its sales.
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NewsMorrisons profits fall as Covid costs bite
Morrisons has suffered a drop in profits during its first half as it absorbed costs associated with weathering the coronavirus pandemic.
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NewsPhilip Day considers sale of Jaeger and Austin Reed
Edinburgh Woolen Mill boss and retail mogul Philip Day has brought in advisers to assess the sale of a number of his brands, after receiving unsolicited offers.
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NewsTiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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NewsAmazon pays £293m in direct UK tax despite £13.7bn revenue
Amazon paid out £293m in “direct taxes” on its UK operations in 2019, despite the group’s UK revenue surging to £13.7bn that year.
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NewsBoden profits fall amid major investments in online and fulfillment
Boden reported a drop in profits for 2019, as it invested more in its online offerings and fulfilment capabilities, with a particular focus on the US.
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NewsIceland creates 3,000 new jobs to deal with ecommerce surge
Frozen food specialist Iceland has created 3,000 new jobs to help it cope with the boom in ecommerce demand driven by the coronavirus pandemic.
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NewsNew Look: Fate lies with landlords as sale option shut off
The future of fashion retailer New Look now relies upon landlords after a sale process conducted in tandem with a CVA proposal failed to produce a deal.
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NewsQuiz wins better rental terms following stores administration
Fashion retailer Quiz has won more flexible leases after putting its stores business into administration to conduct a restructuring.
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NewsFreemans marks relaunch as ‘digital department store’ with first prime-time TV campaign
Home-shopping specialist Freemans has rebranded and relaunched, and is marking the shift with a marketing campaign that includes TV.
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NewsFortnum & Mason chief executive to step down
Fortnum & Mason’s long-standing chief executive Ewan Venters is set to step down from his role in the new year.
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NewsTravis Perkins profits fall following store closures
Travis Perkins has announced a decline in both profits and revenues after closing 165 stores in June, but the retailer remains adamant it is now on the path to recovery.
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NewsJD Sports half-year profits slide as online sales costs mount
JD Sports has delivered a fall in pre-tax profit at the half-year mark despite a minimal sales decline due to steep costs associated with fulfilling its online orders.
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NewsHalfords records sales acceleration but warns of ‘significant uncertainty’
Halfords has posted a surge in sales during the pandemic period driven by a spike in demand which has seen both its cycling and motoring divisions deliver growth.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
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NewsRetail sales rise in August driven by homewares and grocery
Retail sales showed positive signs of growth in August, but bricks-and-mortar stores continued to struggle compared with online.
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NewsPrimark boss: Practical approach to Covid constraints has spurred stores’ success
Primark’s strong shopkeeping skills helped draw customers to its stores despite the tough conditions afflicting many retail locations following the coronavirus outbreak.
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NewsAlibaba targets 2,600 new international brands for Tmall
Alibaba is aiming to add 2,600 new international brands to its Tmall marketplace by Singles’ Day, as the coronavirus has led to “significant growing demand” in China for imported goods.
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NewsAmazon fashion chief takes reins as UK boss
Amazon has appointed vice president of its European fashion division John Boumphrey to lead its UK business.