All News articles – Page 393
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NewsHammerson eyes further disposals this year with ‘nothing off the table’
Hammerson is considering further disposals this year and selling stakes in assets across its flagship centre and premium outlet portfolios, according to a senior executive.
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NewsBoux Avenue calls in advisers as it mulls store closures
Boux Avenue has reportedly appointed advisers from Deloitte to discuss a potential insolvency process resulting in store closures.
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NewsTesco to axe 1,800 roles in store bakery shake-up
Tesco is to axe more than 1,800 roles as part of sweeping changes to the way it operates its in-store bakeries.
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NewsTesco exits China with £275m deal
Tesco has sold its 20% holding in Chinese business Gain Land as it increases focus on its core operations.
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NewsTed Baker in talks to sell off London headquarters
Ted Baker is set to sell off its Ugly Brown Building headquarters in north London in a bid to raise funds following its accountancy crisis.
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NewsHotel Chocolat’s ‘strong’ sales boosted by new store openings
Hotel Chocolat has posted “another strong” set of results, which chief executive Angus Thirwell attributed to offering its customers a “wider variety of sales channels”.
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NewsHammerson profits fall against challenging retail backdrop
Shopping centre owner Hammerson has posted falling profits and rental income during its full-year results.
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NewsPrimark finance boss bullish on coronavirus supply chain issues
Primark finance director John Bason said the value fashion retailer is “under less pressure than other retailers will be feeling” following the outbreak of coronavirus.
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NewsCoronavirus: Crunch time looms for general merchandise supply chain
The next month will be a make or break period for many retailers desperate to avoid empty shelves as the coronavirus crisis and its impact on the supply chain intensifies.
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NewsHalf of shoppers to avoid goods shipped from China as coronavirus fears rise
Nearly half (48%) of shoppers have said they would avoid goods from sellers shipped directly from China if coronavirus continues to spread.
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NewsPrimark reports sales rise, but warns coronavirus may hit supply
Primark has reported an uplift in interim sales driven by its new space, but flagged that if coronavirus persists it may result in some product shortages later in the year.
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NewsJohn Lewis’ new boss White may row back predecessor’s transformation plans
John Lewis’ new chair Dame Sharon White has hinted that she may defer from the transformation roadmap laid out by her predecessor Sir Charlie Mayfield.
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NewsHammerson sells remaining retail parks at a discount
Institutional landlord Hammerson has confirmed the sale of its remaining portfolio of retail parks at a “wider than expected” discount, as it looks to shore up its balance sheet.
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NewsPrime minister set to axe business sector council network
A network of five business councils helmed by private sector bosses including Tesco’s Dave Lewis is set to be dismantled as the government looks to overhaul how it engages with industry leaders.
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NewsVictoria’s Secret to go private in $525m deal as CEO exits
Victoria’s Secret is set to be taken private as a controlling stake in the business is acquired by investment firm Sycamore Partners.
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NewsLatest retail sales figures offer ‘glimmer of hope’
Retail sales increased in January as ‘pent-up consumer demand’ eased, the latest data shows.
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NewsNike shuffles exec board under new chief executive
Nike has shuffled its senior leadership team under its new boss, announcing the appointments of a new chief operating officer and chief financial officer earlier this week.
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NewsLidl pledges £1bn investment to reach 1,000-store target
Lidl has pledged to invest more than £1bn in new stores over the next two years as it ramps up expansion plans to reach its target of 1,000 stores in the UK by 2023.
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NewsForever 21 bought out of bankruptcy
US-based fast-fashion retailer Forever 21 has been bought out of bankruptcy by three buyers with international ambitions for the brand.
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NewsLaura Ashley losses deepen as chief executive change bought forward
Laura Ashley has reported deepening losses and falling sales in its interim results, which has resulted in Katharine Poulter being promoted to chief executive with immediate effect.