All News articles – Page 364
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NewsOnline sales hit record high as lockdown eases
Multichannel retailers led the way as online sales soared in the week beginning June 15, despite stores reopening their doors to the public.
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NewsDelivery tax on the cards for online shoppers
Online shopping faces the prospect of a delivery levy to address the environmental impact of fulfilment.
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NewsGraze chief executive Anthony Fletcher to step down
The chief executive of healthy snacking business Graze, Anthony Fletcher, is set to step down after nearly eight years and be replaced by a former Unilever director.
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NewsBoots parent deepens Microsoft partnership in personalisation push
Walgreens Boots Alliance (WBA) will be using its technology tie-up with Microsoft and Adobe to drive the level of personalisation it offers in the next phase of its digital transformation.
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NewsBensons for Beds bought by Alteri in pre-pack deal
Bensons for Beds and stablemate Harveys have fallen into administration, with the former being bought out by previous owners Alteri in a pre-pack deal.
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NewsBoohoo faces investor scrutiny over £150m bonus scheme
Boohoo has been criticised by a growing number of investors for the implementation and timing of its new bonus scheme, which could see its bosses receive a £150m payout.
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NewsKim Kardashian sells $200m stake in cosmetics brand
French beauty titan Coty has snapped up a 20% stake in Kim Kardashian West’s KKW cosmetics range, less than a year after acquiring a majority stake in her sister Kylie Jenner’s beauty brand.
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NewsKanye West’s Yeezy to partner with Gap
Rapper Kanye West has signed a “multi-year partnership” deal to launch Yeezy Gap – a new line of men’s, women’s and children’s clothing that will launch in Gap’s stores and online in 2021.
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NewsNew Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
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NewsCMA chair forced out following row with directors
The chair of the UK’s competition watchdog was forced to step down three years before his term after a row with its chief executive.
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NewsBig brands join social media boycott over hate speech
Some of the world’s biggest brands have axed advertising on social media as a campaign against hate speech gathers pace.
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NewsMicrosoft to shut all of its stores worldwide
Technology giant Microsoft is to close all 83 shops globally and focus on selling online instead.
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NewsThe Hut Group ponders £4bn share sale
Online powerhouse The Hut Group is in talks with potential investors about a sale of shares that could value it at as much as £4bn.
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NewsPensions giant pushes for Intu Trafford Centre sale
A pensions group that took control of the Trafford Centre when owner Intu collapsed on Friday hopes to secure a speedy sale of the trophy mall.
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NewsTesco blindsided by shareholder revolt on executive pay
UK’s biggest grocer Tesco has suffered a major shareholder revolt over executive pay, despite posting impressive first quarter results earlier today.
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NewsH&M sales slip but retailer predicts imminent recovery
H&M reported that its sales slumped during the first half of the year as the effects of the pandemic bit, but predicted that a recovery was on the horizon.
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NewsM&S and Next eye Victoria’s Secret UK arm
High street stalwarts Marks & Spencer and Next are understood to be mulling bids for beleaguered lingerie brand Victoria’s Secret’s UK division.
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NewsIntu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
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NewsNike sales plunge amid pandemic store closures
Nike has posted a drop in its quarterly sales with rising online revenue failing to offset declines.
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NewsBoohoo bosses in line for £150m bonus in new incentive plan
The bosses of pureplay fashion powerhouse Boohoo are in line for a £150m bonus if shares rise by two thirds over the next three years as part of a new incentive scheme.