All News articles – Page 366
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NewsShoe Zone swings to half-year loss as it closes 20 stores
Shoe Zone has reported a half-year loss and a fall in sales as it unveils plans to reduce the size of its store estate to cut costs.
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NewsPoundland owner’s first-half performance hit by pandemic
Value group Pepco, owner of the Poundland and Dealz chains, has posted a fall in first-half profits but said that sales are returning to pre-pandemic levels.
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NewsSunday trading reform doomed as MPs line up in opposition
Plans to liberalise Sunday trading hours for big stores such as supermarkets look likely to be abandoned in the face of parliamentary opposition.
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NewsPatagonia cancels Facebook and Instagram ads in ‘hate’ row
Outdoor goods giant Patagonia has axed all advertising on Facebook and its Instagram photo-sharing service amid concern over its influence on issues ranging from the coronavirus pandemic to racial justice.
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NewsIntu puts administrators on standby as rescue talks continue
Troubled retail property group Intu has lined up administrators in case talks with creditors fail.
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NewsThe Hut Group signs £100m worth of new beauty partnerships
The Hut Group’s technology arm has confirmed the signing of new partnerships with a number of beauty brands worth more than £100m.
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NewsRetailers warn VAT cut could heighten coronavirus risks
Senior retailers have raised concerns that any temporary cut to VAT could result in extra cash-handling and increase the risk of spreading the virus.
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NewsMothercare eyes new funding as interim boss stands down
Mothercare is in discussion with a number of prospective lenders over new funding as its interim chief executive steps down.
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NewsJD Sports’ Go Outdoors brand tumbles into administration
JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future.
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NewsBan on high street evictions extended until the autumn
The government has extended its ban on evictions of high street businesses over non-payment of rents until at least the autumn.
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NewsWestfield House of Fraser to become co-working space
The owner of the Westfield London White City shopping centre has set out plans to turn the House of Fraser store there into a co-working space in a bid to create a more mixed-use destination.
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NewsStudio Retail Group sales soar in lockdown
Value group Studio Retail has recorded a 55% sales increase year on year in the 11 weeks since April 23.
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NewsJohn Lewis to reopen nine more stores after successful first week
John Lewis intends to reopen of nine more stores on June 25, after it initially reopened in Kingston and Poole on Monday and 11 more later in the week.
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NewsStores to still drive 80% of retail transactions by 2025
Despite the growth in popularity of ecommerce and the effects of the coronavirus lockdown, new research has found that physical stores will still heavily influence retail transactions.
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NewsDIY and online boost retail sales in May
Retail sales staged a partial recovery last month, according to official data.
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NewsM&S boss Rowe pledges action on racism and diversity
Marks & Spencer chief executive Steve Rowe has made a personal commitment to staff to take “urgent action” to address racism and diversity in the wake of the Black Lives Matter movement.
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NewsSunak calls on US to back digital tax for tech giants
Chancellor Rishi Sunak has urged the US to support a digital services tax after America turned its back on talks about the issue.
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NewsConsumer confidence rises in June as non-essential stores reopen
Consumer confidence rose month on month in June as shoppers felt more optimistic about the economy and their personal finances looking ahead.
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NewsShops in Scotland to reopen from June 29
High street retailers will be allowed to reopen stores in Scotland from June 29, though the measures announced by the first minister mean shopping centres must remain shut.
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NewsDoug Gurr to leave Amazon for role at Natural History Museum
Amazon UK boss Doug Gurr is set to step down from the retail giant to become director of the Natural History Museum in London.