All News articles – Page 394
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NewsClosure looms for Beales stores as no buyer emerges
The remainder of Beales department stores are likely to shut after the retailer’s administrator said it had received no “deliverable offers” for the business.
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NewsBusiness groups condemn impact of migration clampdown
Retail trade body the BRC and other business organisations have reacted with dismay to new rules restricting migration to the UK.
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NewsNearSt clinches £2m in new funding from investors
Retail tech start-up NearSt has raised £2m in seed funding from a number of investors, as the Google-backed business looks to drive more footfall to bricks-and-mortar stores.
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NewsAsda blames ‘challenging market conditions’ for sales slump
Asda has blamed “challenging market conditions” for its fourth-quarter slump in like-for-like sales, particularly in clothing.
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NewsApple warns coronavirus will hit revenue guidance
Apple has warned that the disruption in China due to the coronavirus will begin to hit its sales forecasts.
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News‘Hundreds’ of Amazon workers injured in warehouses, says GMB
’Hundreds’ of workers have been injured or seriously hurt in accidents in Amazon warehouses in the UK, according to an investigation by the GMB Union.
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NewsHammerson creates new exec role to drive mixed-use strategy
Institutional landlord Hammerson has created a new executive role to drive forward its City Quarters strategy, which will look to diversify the group’s portfolio away from its reliance on retail.
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NewsLaura Ashley to ‘consider options’ in scramble to secure funds
Laura Ashley has admitted it will “consider all appropriate options” if it cannot strike a deal to borrow additional cash from its lenders.
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NewsMarks & Spencer fires warning to landlords over loss-making stores
Marks & Spencer has warned its landlords it will shut underperforming stores, placing property owners on red alert for further closures.
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NewsSainsbury’s, Frasers and Shoe Zone plead for business rates reform
The bosses of Sainsbury’s, Frasers Group and Shoe Zone have piled further pressure on new Chancellor Rishi Sunak to reform the business rates system.
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NewsShoppers face higher prices without EU trade deal, BRC warns
British consumers face the prospect of higher prices and reduced availability if the Government fails to strike a comprehensive trade deal with the European Union, the British Retail Consortium has warned.
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NewsTed Baker takes axe to executive team as four key directors exit
Ted Baker has taken the axe to its executive team as it bids to simplify its senior management structure.
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NewsTesco ‘unlawfully’ blocked rivals from opening stores, CMA finds
Tesco has been slammed by the competition watchdog for “unlawfully stopping rivals from opening shops near its stores”.
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NewsAshley: ‘UK high street is on life support, act now on business rates’
Tycoon Mike Ashley’s Frasers Group has called once again for fundamental reform of business rates and in particular the transitional relief system.
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NewsM&S set to close two distribution centres, 700 jobs at risk
Marks & Spencer is closing two distribution centres in the Midlands, putting nearly 700 jobs on the line.
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NewsWalmart scraps personal shopping service, 300 jobs lost
Walmart is closing its personal shopping service after failing to find investors for the struggling operation.
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NewsGrocery market set to grow while big four lose share
The UK food and grocery market is set to grow 15% between 2019 and 2024, according to the latest research.
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NewsRishi Sunak appointed chancellor as Javid resigns
Chancellor of the Exchequer Sajid Javid has resigned and been replaced by the former chief secretary to the Treasury as part of today’s cabinet reshuffle.
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NewsCBD products could be removed from shelves within a year
Retailers stocking any products containing cannabis extract cannabidiol (CBD) face the prospect of having them taken off the shelves within a year if they don’t gain regulatory approval.
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NewsWestfield owner ramps up disposals programme as UK income falls
Shopping centre landlord Unibail-Rodamco-Westfield has scaled back its development pipeline and ramped up its disposal programme as net rental income fell across its UK centres last year.