All News articles – Page 402
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NewsShop Direct rebrands to The Very Group as it prepares for new phase of growth
Online giant Shop Direct has formally rebranded as The Very Group today as it prepares for the next stage of its transformation.
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NewsDebenhams to offload £200m executive pension scheme
Debenhams is reportedly in talks with Aviva about a buyout of its executive pension scheme.
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NewsAsda cost-cutting drive puts 2,800 jobs at risk
Asda has kicked off a consultation period with 2,832 staff across back-office roles in a bid to streamline costs.
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NewsBeales on brink of collapse after disappointing Christmas
The heritage department store has reportedly filed notice of intention to appoint administrators as it scrambles to secure a buyer.
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NewsHobbycraft Christmas sales buoyed by eco-conscious shoppers
Hobbycraft has posted a “strong” uplift in festive sales driven by online growth and demand for recyclable products.
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NewsLush eyes former Debenhams and House of Fraser stores
Lush is considering swooping on vacant Debenhams and House of Fraser stores following the success of its large store in Liverpool.
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NewsChristmas footfall fell as Black Friday bought trading forward
Retail footfall declined in December as Black Friday and Cyber Monday sales in November brought Christmas trading forward.
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NewsJoules boss blames spreadsheet error for festive availabilities crisis
The boss of fashion brand Joules has blamed an error on a spreadsheet for the availabilities issue that cratered online sales over the festive period and forced the retailer to warn on profits for the year.
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NewsKohl’s boss defends Amazon returns tie-up after ‘disappointing’ festive trading
The chief executive of US department store chain Kohl’s has defended its tie-up on returns with ecommerce giant Amazon following a torrid holiday trading period.
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NewsAgenda: Primark, Boohoo and DFS update the market
Retail Week looks ahead to the next seven days, which also include updates from Quiz, N Brown and Halfords.
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NewsHolland & Barrett sales rise in ‘early stages’ of transformation
Holland & Barrett has posted a jump in festive sales as its clean beauty and vitamins categories drove growth.
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NewsLidl Christmas sales soar as non-food bucks sector trend
Lidl saw sales soar over the Christmas period as customer footfall increased and its general merchandise offering bucked the wider downward trend.
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NewsSelfridges delivers ‘strong’ Christmas sales boosted by vegan food range
Selfridges has posted an uptick in Christmas sales as demand for vegan food products and beauty services buoyed trading.
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NewsSuperdry warns on profits as Christmas sales slide
Superdry has issued a profit warning following a slump in sales during the Christmas period, but boss Julian Dunkerton insists the plan to return the fashion retailer to “sustainable long-term growth is on track.”
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NewsB&M books Christmas sales uplift despite ‘difficult’ retail backdrop
B&M has recorded an uplift in sales over the festive period, although boss Simon Arora says the value retailer posted “a slower performance than anticipated.”
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NewsJD Sports reports Christmas sales rise bolstered by international
JD Sports has said that it has posted like-for-like sales growth across its retail portfolio despite “widely reported challenges” in the UK market.
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NewsJoules issues profit warning off the back of ‘disappointing’ Christmas period
Joules has issued a profit warning following a torrid Christmas trading period driven by stock availability issues.
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NewsFortnum & Mason delivers ‘excellent’ Christmas results as sales spike
Fortnum & Mason has delivered what it called an “excellent” set of Christmas results, with all sales channels experiencing growth.
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NewsGame set to close stores as it calls on landlords to be 'realistic' about rents
Game has said it intends to close 40 stores across the UK unless it can renegotiate rents with landlords as it blamed a “challenging retail market”.
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NewsAsda to replace meat and fish counters with food-for-now offer
Asda is to close all of its in-store meat and fish counters as part of efforts to increase its focus on the food-for-now market.