All News articles – Page 355
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NewsZalando half-year profits rise spurred by new customer surge
Despite a “challenging trading environment”, Zalando has recorded a strong uplift in profits and gross merchandise volume in its first half.
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NewsDebenhams axes 2,500 jobs in fresh cost-cutting drive
Debenhams is axing 2,500 staff across its stores and warehouses as the business grapples to reduce its cost base.
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NewsCo-op and Deliveroo partnership extended to 400 stores across the UK
Convenience store retailer the Co-op has extended its delivery partnership with Deliveroo to cover 400 of its stores in the UK.
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NewsDomino’s Pizza half-year profits slip despite sales rise
Domino’s Pizza’s profits dropped in the first half, as the takeaway retailer switched to delivery-only amid the coronavirus pandemic.
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NewsAmazon in talks to convert JC Penney stores into fulfilment centres
Amazon is currently negotiating with JC Penney and Sears mall owner Simon Property Group to turn its abandoned department stores into Amazon distribution centres.
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NewsRetail sales inch up in July as lockdown measures ease
Retail sales registered a second consecutive month of growth in July, which BRC chief executive Helen Dickinson said was as “a step in the right direction”.
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NewsBusiness rates holiday extension vital to prevent mass exodus from West End
An extension beyond next April of the existing business rates holiday or a reduction of rates by at least half is the only thing that will stop hundreds of retailers deciding to quit the West End in September, according to the New West End Company (NWEC).
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NewsProperty sector calls for £1.75bn ‘bounceback’ grant to stave off closures
Five industry trade bodies have called on the government to cover 50% of unpaid rents across the retail, hospitality and leisure sectors in a bid to stave off further closures and job losses.
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NewsUK headed for autumn job losses as third of businesses expect cuts
One in three UK businesses expect to make job cuts by October, according to a new poll that shows the effects of the coronavirus on the economy are beginning to accelerate.
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NewsWHSmith demands rent cuts as pandemic hits revenues
WHSmith has become the latest retailer to demand rent cuts from landlords in a bid to contain spiralling costs and offset sliding sales due to the coronavirus pandemic.
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NewsSuperdry takes out asset backed loan as sales slump due to coronavirus
Fashion retailer Superdry has opened a new asset backed lending (ABL) facility with its lenders as sales for the first quarter slumped due to the ongoing pandemic.
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NewsLidl launches Plus rewards and app in the UK
Discount supermarket Lidl has rolled out its Plus rewards and loyalty app in the UK today, a month after it first launched in Ireland.
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NewsUber food delivery overtakes ride sharing during lockdown
Ride-sharing app Uber’s latest set of results show its nascent food delivery business has overtaken its taxi service as people around the world stayed at home during lockdown.
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NewsRetail recovery in jeopardy as consumer confidence remains low
A new poll reveals that consumer confidence and spending intentions remain low due to the coronavirus crisis, which could put pay to any hopes of a quick recovery by retail.
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NewsJigsaw to launch CVA as coronavirus hits sales
Fashion brand Jigsaw is reportedly planning to launch a CVA next week, becoming the latest high street casualty of the coronavirus crisis.
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NewsAsos unveils new supply chain commitments for third-party brands
Fast-fashion giant Asos has published four new commitments required of third-party brands in the wake of the Leicester sweatshop scandal that engulfed the UK fashion industry.
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NewsLakeland unveils succession plan as founding family step down
Lakeland has restructured its operating board as its owners the Rayner family step down from day-to-day running of the business, Retail Week can reveal.
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NewsMcColl’s slips to half-year loss as sales edge down
McColl’s profits and sales dipped slightly at the interim mark, although like-for-like sales during lockdown grew due to the “extraordinary changes” in customer behaviour driven by the pandemic.
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NewsHammerson seeks to raise £825m as rental income plummets
Hammerson plans to raise £552m through fundraising and sell off £274m of assets, to counteract “the extraordinary disruption caused by Covid-19 on the retail property sector”.
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NewsJoules swings to a loss as coronavirus hammers sales
Joules plunged to a loss before tax in its full-year results, as chief executive Nick Jones cites ”challenging trading conditions” amid the coronavirus pandemic.