All News articles – Page 370
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NewsJobs saved as ‘substantial’ part of Oddbins bought out of administration
More than half of off licence chain Oddbins stores will remain open after the retailer was bought out of administration by an unknown bidder.
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NewsAngling Direct swings to loss and blames winter flooding and store acquisitions
Specialist retailer Angling Direct reported a net loss before tax for the last financial year, which it blamed on new store acquisitions and a disappointing post-Christmas trading period.
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NewsIntu predicts rents to plummet as it eyes non-essential retail reopening
Embattled institutional landlord Intu has told investors it expects the amount it collects from rents and service charges to plummet this year as it unveiled its plans to reopen non-essential retail.
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NewsUS retailers and brands offer support to protests
Some US retail chains have sustained damage and had goods stolen amid protests against police violence against black people, but many have released statements supporting the protestors.
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NewsTed Baker founder Kelvin halves stake in fundraising bid
Ted Baker’s founder Ray Kelvin has slashed his stake in the business by 55% as investment firm Toscafund surpasses him as the company’s largest shareholder.
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NewsTesco chief financial officer to step down next year
Tesco’s “outstanding” finance boss Alan Stewart will retire from the grocer next year after six years in the role.
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NewsIkea strikes up partnership to drive circular economy ambitions
Ikea has partnered with sustainability charity The Ellen MacArthur Foundation in a bid to reduce product waste and ultimately become a circular business by 2030.
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NewsCard Factory full-year profits fall as it prepares for phased reopening
Card Factory has reported a drop in its full-year profits despite an increase in sales in a “challenging” year.
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NewsAldo falls into administration amid coronavirus troubles
The UK division of Canadian footwear specialist Aldo has collapsed into administration, blaming its travails on the impact of the coronavirus pandemic.
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NewsPrimark: Online ‘not a priority’ as it prepares for stores reopening
Primark will not prioritise the creation of a transactional online business despite the rise of ecommerce during the Covid-19 pandemic.
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NewsJD Sports to reopen ‘as many stores as possible’ on June 15
JD Sports will reopen most of its store estate from June 15, according to a note from Peel Hunt.
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NewsSainsbury’s new boss Roberts reshuffles senior leadership team
Sainsbury’s new boss Simon Roberts has reshuffled his senior leadership team on his first day at the helm.
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NewsBoohoo threatened with lawsuit over ‘sham Sales’
Online fashion powerhouse Boohoo is confronting the prospect of a $100m lawsuit in the US over claims that consumers were misled with ‘sham Sales’.
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NewsPret a Manger to renegotiate rents as it prepares for post-pandemic world
Sandwich and coffee specialist Pret a Manger has drafted in advisers to renegotiate rents as it adapts to the effects of the coronavirus pandemic.
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NewsTed Baker launches fundraising to drive recovery after profits collapse
Ted Baker has reported a plunge into loss last year and unveiled a fundraising to enable a return to growth.
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NewsPrimark targets June 15 reopening for majority of stores
Value fashion giant Primark aims to open its English stores a fortnight today, by which time the majority of its international estate will be trading again.
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NewsCoronavirus: Employers to contribute 20% of furloughed staff salary from October
Chancellor of the exchequer Rishi Sunak has unveiled changes to the furlough scheme which will see employers contribute 20% of all staff salary by October.
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NewsAlibaba launches influencer recruitment drive to bolster international spend
Alibaba aims to sponsor 100,000 influencers through its international online marketplace AliExpress in a bid to drive online spending.
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NewsDebenhams chief executive steps down as reopening nears
Debenhams’ chief executive Stefaan Vansteenkiste has stepped down as the department store group prepares for the next phase of its turnaround.
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NewsInstagram launches digital fashion tie-up with Facebook Shops
Instagram has launched a ‘Fashion Week 2020 Playbook’ to help fashion retailers and brands create digital catwalks during the coronavirus crisis.