All News articles – Page 396
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NewsPets at Home poaches Studio Retail Group exec as new chair
Pets at Home has appointed a new non-executive chair to succeed Tony De Nunzio.
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NewsBurberry warns coronavirus has had a ‘material’ impact on sales
Burberry has scrapped previous guidance for its full-year results as it warns that coronavirus has had a ‘material negative effect’ on sales in China.
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NewsGovernment failing retail on apprenticeships, BRC warns
The British Retail Consortium (BRC) has warned that the apprenticeship levy is “not working” for retailers as the fall in new starters on retail schemes outstrips the national average.
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NewsWaterstones books profits uplift as sales rise
Waterstones has recorded a rise in its full-year profits as sales rose, but the retailer said the lack of a ‘significant’ bestseller hampered potentially higher growth.
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NewsNew John Lewis chair braces staff for store closures and job losses
John Lewis Partnership’s new chair Dame Sharon White has warned staff the retailer may need to reduce its store estate and cut jobs in a bid to improve profitability.
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NewsThe Uptick: From New Jersey to Dorset, retail dreams big
Welcome back to The Uptick! As the dust settles on the flurry of Christmas trading updates and we settle into the new year, we take a look back at the stories that defied the January blues.
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NewsCasper faces nightmare after slashing IPO valuation
Casper Sleep has again slashed the amount it is seeking in its initial public offering to encourage investors to buy a stake in the struggling retailer.
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NewsAnimal rights group Peta buys stake in Frasers Group
The animal rights group Peta has bought a stake in Mike Ashley’s Frasers Group, allowing activists to attend the retailer’s annual investors meeting in September.
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NewsRaise corporation tax to save struggling high street, bosses urge
The Treasury should increase corporation tax to fund a business rates cut for high street retailers, a new government-commissioned report has said.
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NewsBrown Thomas to open new ‘physical and digital’ store in Dublin
Irish luxury retailer Brown Thomas is set to open a flagship store in Dundrum Town Centre, Dublin, which the retailer said will mix “physical and digital” space.
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NewsM&S names non-exec as strategy and transformation director
Marks & Spencer has appointed current non-executive director Katie Bickerstaffe as its new strategy and transformation director.
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NewsBoots UK chair and long-standing exec Elizabeth Fagan steps down
Boots’ first UK chair Elizabeth Fagan has stepped down from the retailer after less than two years in the role.
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NewsPoundland Christmas sales rise as new ranges boost growth
Poundland has posted an uplift in sales during the crucial Christmas trading period as its Pep&Co clothing concessions helped drive footfall.
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NewsMacy’s to shut 125 stores and axe 2,000 jobs
Macy’s is to close 125 stores and axe thousands of head office roles over the next three years as part of a $1.5bn (£1.15bn) cost-cutting drive.
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NewsGrocery sales inch up boosted by Dry January and Veganuary
Supermarket sales growth for the first quarter of the year inched up, driven by Dry January and Veganuary product sales.
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NewsWilko appoints new CEO and bolsters board in reshuffle
Wilko has promoted group transformation director Jerome Saint-Marc to chief executive officer, Retail Week can reveal.
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NewsJohn Lewis bolsters top team with exec appointment
John Lewis Partnership has appointed an executive director of strategy and commercial development to its top team.
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NewsIkea to shut Coventry store with hundreds of jobs at risk
Ikea is set to shut its store in Coventry following “consistent losses” over the years due to changing customer shopping habits in the area.
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NewsMarks & Spencer pushes denim in first TV ad campaign
Marks & Spencer has launched a dedicated denim TV ad for the first time, designed to boost authority and appeal in its biggest product category.
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NewsFormer Poundland owner teams up to bid for Pepco
The former owner of Poundland has joined with two private equity firms in a bid to take over the discount retail chain’s parent company.