All News articles – Page 375
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NewsConsumer confidence ‘severely depressed’ despite improvement
The latest consumer confidence data showed a small improvement in sentiment, but overall it is still low.
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NewsCoronavirus: White Stuff prepares for ‘significant’ job cuts
White Stuff is preparing to make a “significant” number of redundancies, even after coronavirus lockdown restrictions are lifted, due to a fall in demand for its wares.
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NewsZalando predicts double-digit growth for 2020 despite coronavirus uncertainty
German pureplay fashion retailer Zalando expects to see double-digit sales growth in 2020, despite the effects of the coronavirus pandemic.
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NewsH&M sales plummet between March and May
H&M’s global sales for the second quarter of this year have plummeted amid the ongoing coronavirus pandemic.
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NewsSuperdry European footfall rebound gives confidence for UK
Shopper footfall has bounced back at reopened Superdry stores in Germany, giving grounds for optimism that the same will happen when the UK emerges from coronavirus lockdown.
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NewsThe Works sales rise as shoppers ‘beat the boredom’ of lockdown
The Works has registered an increase in full-year revenues with a strong online performance during the coronavirus pandemic.
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NewsHotel Chocolat looks to high street stores ahead of phased reopening
Specialist retailer Hotel Chocolat has said it will look to reopen high street and self-standing independent stores first, ahead of it beginning a trial reopening of a number of stores as takeaway locations from next week.
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NewsNext swoops on Debenhams sites for new beauty store format
Next has snapped up five stores across Hammerson’s estate which Debenhams is exiting for the launch of a new beauty store concept.
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NewsSuperdry full-year sales slide as it explores financing options
Superdry has reported a slump in full-year sales exacerbated by the outbreak of coronavirus.
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NewsOcado shareholders revolt over £88m bonus scheme for bosses
Nearly a third of Ocado investors voted against the business’ plans for a pay rise and £88m bonus payout for its top brass.
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NewsDebenhams to shut stores in Hammerson centres at cost of 1,400 jobs
Debenhams is to shut five stores in some of the UK’s most-high profile malls after failing to agree on terms with landlord Hammerson, Retail Week can reveal.
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NewsAsda launches electric vehicle fleet to increase online delivery capacity
Asda has launched a fleet of electric vehicles designed to increase the capacity of its online delivery and click-and-collect services as it continues to help feed the nation.
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NewsHolland & Barrett poaches McColl’s finance boss
Holland & Barrett has snapped up McColl’s chief financial offer Robbie Bell for the same role.
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NewsOcado and M&S product switchover on track despite coronavirus
Ocado has all but guaranteed that it will meet its September switchover deadline as part of its joint venture with Marks & Spencer, despite the constraints caused by the coronavirus pandemic.
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NewsHalfords expects full-year profits at top end of range
Halfords has said it expects full-year profits for this financial year to come in at the top end of the expected range, while noting a downturn in overall group sales for the current trading period.
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NewsCMA blocks JD Sports-Footasylum merger despite coronavirus uncertainty
Following a phase two investigation, the CMA found the merger would “lead to a substantial lessening of competition nationally” in the footwear sector and would leave customers with “fewer discounts or receiving lower quality customer service”.
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NewsOcado sales soar due to coronavirus as it ramps up extra capacity
Ocado has reported soaring sales growth for the second quarter of the year due to the spiralling demand for online grocery delivery brought on by the coronavirus.
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NewsRetail staff receive financial support from industry’s CaRe20 appeal
Ted Baker senior sales assistant Lavinia Cretul and TJX Europe worker Paige Norris are among the first beneficiaries of the CaRe20 fund established by the retailTRUST, the BRC and RWRC – home of Retail Week and the World Retail Congress
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NewsWaitrose vows to double London delivery slots with Enfield fulfilment centre opening
Waitrose has vowed to double its online grocery delivery slots in London ahead of the opening of its Enfield fulfilment centre later this week.
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NewsCoronavirus: Vulnerable customers ‘struggling’ to get food
The government has been urged to improve the coordination of food deliveries to vulnerable people across the UK amid warnings that thousands are being underserved during lockdown.