All News articles – Page 361
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NewsAsos sales surge during lockdown as international markets drive growth
Asos has posted a jump in sales during the coronavirus lockdown and said it expects to deliver “strong profit growth” across its financial year.
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NewsDixons Carphone profits tumble as coronavirus closures hit bottom line
Dixons Carphone has suffered a slump in full-year profits as sluggish performance in its mobile phone business and store closures sparked by coronavirus impacted its bottom line.
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NewsAO.com boss eyes new markets as electricals sector sees online shift
AO.com chief executive John Roberts has expressed interest in bringing the business to new European markets after its German venture was brought to profitability this year.
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NewsHalfords to shut up to 60 stores despite surge in bike sales
Halfords has earmarked 60 of its stores for closures, accelerating its rate of planned closures following the coronavirus pandemic.
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NewsDFS swings to full-year loss but registers strong reopening demand
DFS has slumped to a full-year loss exacerbated by declining sales following the coronavirus lockdown, but has said that customer demand since reopening has been high.
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NewsFace masks to be compulsory in shops in England this month
After complaints of mixed messages, the government has announced that face masks must be worn in shops in England from July 24.
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NewsAO.com full-year profits up by half as sales climb
AO.com recorded a strong increase in its full-year profits and sales, but chief executive John Roberts says the retailer “must cement that change” driven by online shopping habits amid the coronavirus pandemic.
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NewsOcado investments hit half-year profits as sales jump
Ocado’s half-year profits have declined, as chief executive Tim Steiner plans to invest more in innovation “taking advantage of a scale of opportunity that we have never seen before” in online grocery.
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NewsWilko bolsters board with new finance boss
Wilko has appointed former Specsavers finance director Karen Mackay as its new chief financial officer, Retail Week can reveal.
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NewsJune retail sales and customer spend show green shoots of recovery
In June, retail sales registered the first increase since lockdown began with the highest rate of growth since May 2018, but BRC chief executive Helen Dickinson warned retail is not out of the woods yet.
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NewsFreemans sets off on new course with Julien Macdonald deal
Home shopping specialist Freemans Grattan Holdings has signed an exclusive collaboration with designer Julien Macdonald as it kicks off a new strategy.
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NewsClarks moves step closer to minority stake sale with investors
Struggling family-run shoe chain Clarks has seen interest from multiple parties to help inject cash into the business.
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NewsBoohoo boss vows to ‘lead from the front’ in fixing supply chain
Boohoo chief executive John Lyttle has vowed that the retailer will “lead from the front” when it comes to tackling the systemic issues uncovered in its supply chain.
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NewsSector calls for clarity over mixed messaging on face coverings
Retailers have called for clarity from the government with regards to the possibility of face coverings being made mandatory in English shops.
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NewsQuiz ‘extremely concerned’ by fresh Leicester sweatshop allegations
Embattled fashion brand Quiz has said it is “extremely concerned” by reporting over the weekend that alleged workers at a factory making its products in Leicester were not paid the National Living Wage.
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NewsNational Crime Agency scrutinises Leicester slavery allegations as Boohoo investor bails
The National Crime Agency (NCA) is looking into reports of modern slavery in the Leicester textile industry, following newspaper allegations involving etailer Boohoo.
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NewsGymshark circled by private equity as it eyes £1bn valuation
A flurry of investment firms is vying to snap up a minority stake in workout clothing brand Gymshark.
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NewsNo-deal Brexit will hike up prices for essential items, BRC warns
The British Retail Consortium (BRC) has warned that prices on food and clothing will inevitably rise if the government and the EU cannot agree on a tariff-free Brexit agreement before the end of October.
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NewsBoots axes 4,000 jobs as coronavirus triggers business restructure
Boots is cutting 4,000 roles across its business in the wake of a dramatic fall in sales during the Covid-19 pandemic.
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NewsJohn Lewis to shutter eight stores, 1,300 jobs at risk
John Lewis & Partners has confirmed that it will permanently close eight of its shops, including two of its full-size department stores.