All News articles – Page 395
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NewsRetailers write to chancellor over £500m transitional relief loss
Chief executives from more than 50 retailers have written to the chancellor calling for action on business rates reform, after it emerged that over £500m has been lost in transitional relief since 2017.
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NewsAsda and Greggs join forces on shop-in-shop partnership
Asda and Greggs have launched a concession partnership as the supermarket giant expands its food-to-go proposition.
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NewsMajestic Wine poaches new finance director from Oasis
Majestic Wine has poached its new chief financial officer from fashion retailer Oasis, as it looks to establish itself as an independent business under the ownership of a private equity firm.
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NewsCoronavirus: Delays to UK retail supply chains but no panic yet
As workers in China begin returning to work after the coronavirus-extended Lunar New Year break, experts are predicting modest supply chain delays but say there is no cause for retailer panic.
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NewsDunelm posts ‘significant’ interim profit and sales growth
Dunelm has recorded a strong uplift in profits at the half-year mark as the retailer says its preliminary results will be “slightly ahead” of analyst expectations.
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NewsIntu £1bn deal with Hong Kong-based investor falls through
Embattled institutional landlord Intu has confirmed that discussions over an emergency recapitalisation with a Hong Kong-based investment fund have fallen through.
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NewsMatchesfashion poaches Amazon exec Kavan as new boss
Matchesfashion has poached Amazon executive Ajay Kavan to take the reins as its new boss.
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NewsNew Look cuts quarterly losses with ‘robust’ performance
Fashion retailer New Look reduced losses in its third quarter, helped by cost control and lower markdown activity.
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NewsJD Sports condemns ‘fundamentally flawed’ CMA decision on Footasylum
JD Sports executive chairman Peter Cowgill has lambasted the competition regulator’s provisional findings on the retailer’s acquisition of Footasylum.
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NewsMarks & Spencer turns to Greencore for new finance chief
Marks & Spencer has appointed Eoin Tonge as chief financial officer. Tonge joins from food group Greencore where he held the same role and replaces Humphrey Singer who left at the end of last year.
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NewsOcado posts full-year earnings fall as sales surge
Online retailer and tech platform Ocado has reported a slide in full-year earnings, affected by factors such as the fire last year at its Andover depot.
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NewsRetail sales ‘return to growth’ in January, says BRC
Retail sales registered a “semi-positive performance” during January despite changing consumer shopping habits.
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NewsWHSmith calls for rent payment shake-up for high street stores
WHSmith has called for landlords to review its high street rental agreements following tough trading conditions.
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NewsKingfisher completes executive board with chief people officer
Kingfisher chief executive Thierry Garnier has filled the final position on his new executive team.
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NewsWaitrose launches product overhaul in fightback against Ocado and M&S
Waitrose will launch thousands of new and revamped products as it bids to keep its online shoppers out of the clutches and Ocado and Marks & Spencer.
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NewsInstitute of Directors and CBI call for business rates reform
Two of the UK’s leading business groups have called on Chancellor Sajid Javid to launch a “comprehensive review” of the business rates system as part of next month’s Budget.
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NewsSelfridges boss Simon Forster exits after a year
Selfridges boss Simon Forster has left the business after just over a year at the helm.
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NewsShopping centre footfall increases for first time in three years
Shopping centre footfall climbed for the first time in almost three years during January as experts hailed “the start on the road to recovery” for the retail destinations.
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NewsMarks & Spencer rolls out pay-and-go technology to 50 stores
Marks & Spencer has extended its Mobile Pay Go service to 50 branches, mainly in London, following a successful trial in six stores.
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NewsMarks & Spencer poaches former N Brown exec for finance role
Marks & Spencer’s hiring spree continues with the news it has appointed a finance chief for its food arm as it continues its turnaround efforts.