All News articles – Page 362
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NewsWalmart to launch Amazon Prime-like subscription service this month
Walmart plans to launch its subscription service this month as it throws down the gauntlet to Amazon Prime.
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NewsMike Ashley’s Frasers Group refuses to pay rents
Mike Ashley’s Frasers Group has told landlords it will not pay rents until it is “fully able to freely trade as a business” again.
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NewsRetail hits out at lack of help in Sunak’s Covid-19 recovery plan
The retail industry has hit out at the lack of help afforded to the sector in Rishi Sunak’s coronavirus recovery plan.
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NewsUber Eats and Asda kick off grocery home delivery partnership
Grocer Asda has unveiled a new trial home delivery partnership with Uber Eats to offer customers “greater flexibility and access” to its products.
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NewsH&M to shut 170 stores globally this year
H&M will close 170 stores across its stable of brands by the end of this year in reaction to the coronavirus pandemic and its knock-on effect of fashion sales.
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NewsGovernment vows to crack down on violence against shopworkers
The government has vowed to crack down on abuse and violence against shopworkers more than a year after initially calling for evidence on the issue.
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NewsBoohoo launches independent review into supply chain following slavery allegations
Boohoo has launched an independent review into its UK supply chain and committed to invest £10m to “eradicate supply chain malpractice” as pressure over modern-day slavery allegations mounts.
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NewsJD Sports boss says retail CVAs will ‘accelerate’ post-coronavirus
JD Sports executive chair Peter Cowgill has said the rate of retail pre-pack administrations and company voluntary arrangements (CVAS) will pick up in the wake of the pandemic.
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NewsAsos, Next and Zalando cull Boohoo brands amid slavery allegations
Asos, Next and Zalando have pulled Boohoo products from their websites following allegations of modern slavery at a warehouse in Leicester, Retail Week can reveal.
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NewsRiver Island to cut 250 head office jobs as coronavirus costs bite
River Island is axing 250 head office roles in a bid to reduce costs following the fall in sales triggered by the coronavirus pandemic and subsequently reduced footfall.
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NewsSosandar cuts losses as quarterly sales rise
Fashion etailer Sosandar has reported a resilient performance in its first quarter, when sales rose and losses fell.
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NewsAll Saints wins creditor backing for CVA
Fashion retailer All Saints’ CVA proposals have won the support of creditors.
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NewsHalfords profits beat forecast despite Covid impact
Bikes and motor accessories specialist Halfords generated full-year profits ahead of guidance but remained cautious about trading conditions.
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NewsJD Sports posts profits rise and calls for ‘rental realism’
JD sports has posted a rise in sales and profits and said it expects to continue to prosper despite the impact of coronavirus and a changing landscape.
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NewsTop investors pledge to engage with Boohoo on modern slavery claims
Two of Boohoo’s biggest investors have promised to engage with the online fashion giant over allegations of modern slavery at Leicester clothing factories.
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NewsPret A Manger to shutter 30 stores putting 1,000 jobs at risk
Pret A Manger is permanently closing 30 of its stores and putting around 1,000 jobs into consultation following the “significant impact” of coronavirus on profits and cash flow.
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NewsTesco seeks supplier discounts as it ratchets up pressure on Aldi
Tesco is demanding deep discounts from suppliers as it seeks to ramp up the pressure on its discount rivals on price.
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NewsTreasury considers £500 vouchers for all adults to help Covid-hit high streets
All adults across the UK could be given £500 to spend under radical government plans being considered to kick-start the economy amid the coronavirus crisis.
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NewsHigh street footfall surges across England as restaurants and pubs reopen
Towns and cities across England enjoyed increases in footfall on Saturday evening as restaurants, pubs and bars reopened their doors following lockdown.
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NewsBoohoo faces modern slavery allegations at Leicester warehouse
Boohoo has become embroiled in a modern slavery row amid claims that workers at factories in Leicester are being paid as little as £3.50 per hour.