All News articles – Page 369
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NewsMalcolm Walker takes full ownership of Iceland in £115m deal
The founder and chief executive of Iceland has taken full ownership of the retailer after buying out the remaining stake of external investor Brait.
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NewsTapi Carpets backers invest £16m as it eyes route to profitability
Tapi Carpets has secured £16m in new investment and set out its ambitions to become profitable within 18 months.
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NewsDunelm opens new high street concept store
Dunelm has opened a new concept store on Crawley High Street under the Dunelm Edit fascia.
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NewsMorrisons extends small suppliers immediate payments pledge
Morrisons is extending its pledge to make immediate payments to small suppliers for a further three months to help them through the coronavirus crisis.
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NewsPrimark places gagging orders on some landlords amid rental negotiations
Primark has reportedly agreed to pay a select group of landlords ahead of June’s quarterly rent day, but has asked some recipients to sign non-disclosure agreements (NDAs).
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NewsIntu puts administrators on standby ahead of crunch financing talks
Beleaguered shopping centre operator Intu has put KPMG on standby ahead of a fortnight of negotiations with lenders.
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NewsSunday trading laws could be suspended across England
The government is mulling a year-long suspension of Sunday trading restrictions across England in a bid to boost the economy.
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NewsRetail footfall starts to rise in May as more essential stores reopen
While still marking an unprecedented low amid the coronavirus pandemic, retail footfall in May improved slightly to a 73.3% decline compared with 80.1% in April.
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NewsVictoria’s Secret UK division tumbles into administration
Victoria’s Secret’s UK arm has fallen into administration, putting nearly 800 jobs at risk.
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NewsDigital retail sales soar to 12-year high as lockdown forces shoppers online
New data shows that online retail sales grew 32.7% year on year in May, marking the highest annual result since March 2008 as shoppers were forced online by the closure of stores due to the coronavirus pandemic.
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NewsGap losses spiral due to effects of coronavirus store closures
Clothing retailer Gap has reported losses of nearly $1bn due to store closures in the US and internationally during the coronavirus pandemic.
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NewsSpanish giant snaps up Charlotte Tilbury makeup empire
Barcelona-based fashion and fragrance company Puig has snapped up Charlotte Tilbury in a deal that could have valued the company at up to £1bn.
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NewsCoronavirus: Debenhams to reopen 50 stores from June 15
Embattled department store chain Debenhams has announced it will reopen 50 stores across England on June 15, following the closure of its estate due to the ongoing coronavirus pandemic.
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NewsConsumer confidence tumbles with ‘no sign of bounce-back’
Consumer confidence fell further at the end of May as uncertainty surrounding the post-lockdown economy continued to swirl.
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NewsWalmart presses ahead with new HQ plan despite Covid-19 crisis
Walmart is pressing ahead with plans to launch its new headquarters despite the switch to remote working sparked by the coronavirus crisis.
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NewsNew Look in crunch talks over ‘radical’ switch to turnover-based rents
New Look is pressing its landlords to make a “radical” switch to turnover-based rents as it seeks to slash its property bills amid the coronavirus crisis.
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NewsM&S chair Norman: We are working in ‘ways we have never operated before’
The chair of Marks & Spencer says the coronavirus emergency has forced the retailer to operate “in ways we have never operated before”.
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NewsCo-op expands robot delivery service to meet doubling demand
The Co-op has expanded its robot delivery service in and around Milton Keynes to meet increased customer demand.
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NewsGrocers urge CMA to block Amazon-Deliveroo deal
Retailers are ratcheting up the pressure on competition authorities to block Amazon’s investment in Deliveroo, just days before a final verdict on the deal is due.
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NewsShop prices fall at fastest rate since 2006 as Covid-19 hammers sales
Shop prices fell at their fastest rate since 2006 as the coronavirus crisis and non-essential store closures drove struggling retailers to launch big promotions in categories such as clothing and furniture.