All News articles – Page 399
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NewsMorrisons to axe 3,000 roles in stores shake-up
Morrisons is to axe 3,000 department managers across its stores as part of a restructure of shopfloor teams, Retail Week can reveal.
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NewsMothercare chief executive steps down in wider board reshuffle
Mothercare’s chief executive has stepped down from his role among a raft of other senior changes as the embattled retailer continues its international franchise push.
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NewsHotel Chocolat blames supply chain for ‘moderate’ Christmas cost increase
While Hotel Chocolat reported increased sales in the second half of last year, it flagged that inefficiencies with its supply chain during the festive period saw its costs increase “moderately”.
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NewsAsos sales jump as Beighton hails ‘encouraging start to the year’
Asos has reported sales increases in all of its markets, which led boss Nick Beighton to hail an “encouraging start to the year” for the pureplay retailer.
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NewsRetail job losses decline but store growth stalls
While the total number of retail job losses fell year on year at the end of 2019, store growth slowed to the lowest level in four years, according to the BRC.
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NewsTed Baker £58m stock overstatement more than double previous estimates
Ted Baker has said that its stock overstatement has been valued at £58m, which is “materially higher” than initial estimates.
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NewsPets at Home Christmas sales climb bolstered by pet-grooming services
Pets at Home has reported a strong rise in festive sales, driven by a record day of trading in the run-up to Christmas and a surge in demand for dog-grooming services.
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NewsWHSmith Christmas sales rise despite high street decline
WHSmith has reported a rise in total sales over the festive period, however like for likes slipped as the retailer’s strong travel performance was dampened by a fall in high street revenue.
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NewsSainsbury’s CEO Mike Coupe to retire as successor lined up
Sainsbury’s chief executive Mike Coupe will retire from his role later this year and will be succeeded by the grocer’s retail and operations director Simon Roberts.
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NewsMajestic Wine MD Lincoln exits as new boss Colley shakes up exec team
Majestic Wine managing director Josh Lincoln has left the business as new boss John Colley sets about reshaping his executive team.
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NewsMarks & Spencer snaps up property director from Asda
Marks & Spencer has appointed a new property director from Asda in its second big hire to be revealed today.
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NewsSainsbury’s to axe hundreds of management roles
Sainsbury’s is to shed hundreds of jobs across its head office functions in a bid to slash costs and drive further synergies with the Argos business.
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NewsLoaf raids Debenhams for new chief financial officer
Furniture retailer Loaf has poached its new chief financial officer from Debenhams as it embarks on a new five-year growth strategy.
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NewsDixons Carphone re-issues festive trading update after error
Dixons Carphone has been forced to re-issue its Christmas trading update after a clerical error in its original filing.
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NewsMarks & Spencer swoops on Sainsbury’s Argos for new retail chief
Marks & Spencer has poached one of Sainsbury’s Argos most senior executives to become stores director, Retail Week can reveal.
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NewsJohn Lewis sales fall exacerbated by poor homewares demand
John Lewis has reported a decline in its weekly sales as demand for Clearance items tailed off and home sales dropped.
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NewsAldi hikes pay rates for shopfloor staff
Aldi has hiked its base rate of pay for all shopfloor staff to what it has dubbed “market-leading” levels.
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NewsEve Sleep breaks even for first time during fourth quarter
Eve Sleep has broken even for the first time during the fourth quarter of its financial year as it remained on track to slash losses.
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NewsJoules profits hit by later fall of Black Friday
Joules has blamed the later fall of Black Friday for a slump in half-year profitability.
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NewsDixons Carphone posts flat Christmas sales as mobile hits top line
Dixons Carphone has hailed “strong” sales during the peak Christmas and Black Friday trading period, despite the turbulent mobile phone market continuing to drag on performance.