All News articles – Page 392
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NewsWaitrose expands online delivery network in preparation for Ocado split
Waitrose has expanded online delivery fulfilment to more stores in its estate around the country as it prepares for the end of its partnership with Ocado in September.
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NewsIntu to open UK’s first store dedicated to curating pureplay brands at Lakeside
Institutional landlord Intu is set to open the UK’s first ever store dedicated to curating pureplay retailers and brands at its Lakeside shopping centre.
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NewsCoronavirus could spark UK economic growth downgrade
The coronavirus crisis could spark a downgrade of economic growth in the UK, the governor of the Bank of England has warned.
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NewsWalmart to take on Amazon Prime with subscription service launch
Walmart is preparing to launch a subscription service to rival Amazon Prime in the US.
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NewsConsumer confidence inches up for third month in a row
Consumer confidence rallied for a third straight month in February as wages and house prices rose, unemployment remained low and inflation stayed stable.
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NewsBRC criticises government over business rates recommendations snub
The BRC has criticised the government’s response to the Treasury Select Committee business rates inquiry, saying the recommendations appear to have “fallen on deaf ears”.
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NewsTK Maxx parent company full-year sales ‘exceed expectations’
TK Maxx owner TJX has hailed a strong fourth-quarter and full-year results exceeding expectations.
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NewsMarks & Spencer extends click-and-collect cut-off deadline
Marks & Spencer has moved the deadline for next-day click-and-collect orders back by an hour from 10pm to 11pm and is piloting a two-hour express service in 17 of its big stores.
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NewsHomebase returns to profit and launches new store format
Homebase has hailed a return to profit ahead of plan in its full-year results and plans to open new smaller-format stores.
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NewsTopps Tiles warns on profits as sales slide
Topps Tiles has warned that profits will fall below expectations after continued tough trading.
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NewsZalando profits rise as its prepares for launch into second-hand fashion
Online fashion specialist Zalando has unveiled a rise in full-year sales and profits and is preparing to launch a variety of initiatives including a pre-owned range.
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NewsDebenhams streamlines top team and issues challenge on business rates
Debenhams director of stores, technology and supply chain Angela Morrison is to leave the department store group.
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NewsWalmart ‘in discussions’ to sell Asda stake
Asda’s parent company Walmart has said it may sell a stake in the business and has opened discussions with a “small number of interested parties”.
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NewsIntu credit extension dependent on raising £1.3bn equity
Embattled landlord Intu has agreed on an extension to its credit facilities with its lenders as long as it can raise at least £1.3bn of equity.
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NewsMcColl’s to close more than 300 stores over next four years
The chief executive of McColl’s has said the convenience store group will look to shut as many as 330 stores over the next three or four years as it seeks to rationalise its store estate as part of its strategic shift.
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NewsTed Baker to axe 100 head office roles in bid to cut costs
Ted Baker is restructuring its head office team in a bid to drive cost efficiencies after “a very challenging year”.
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NewsStore gallery: Amazon turns up heat on Walmart with first cashier-less supermarket
Amazon has opened its first cashier-less supermarket in what is a big step forward in the onetime ecommerce giant’s growing battle with Walmart for control of the US grocery market.
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NewsMcColl’s profits slump as it seeks new debt arrangement
Struggling convenience store group McColl’s has posted declining profits and sales figures and confirmed it is in discussion with lending banks about a new debt facility.
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NewsNon-food prices fall at sharpest rate since May 2018
February shop prices fell despite food costs holding steady as non-food prices declined at their sharpest rate since May 2018, according to the BRC-Nielsen Shop Price Index.
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NewsForever 21 names former H&M US boss as new chief executive
The new owners of fast-fashion retailer Forever 21 have named former H&M US president Daniel Kulle as chief executive to steer the business out of bankruptcy.