All News articles – Page 407
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NewsOcado set to become UK’s largest listed tech company
Ocado will become the “Microsoft of retail” following a decision by the Competition and Markets Authority (CMA) to de-designate the grocers as a retailer.
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NewsThe Book People falls into administration a week before Christmas
The Book People has called in administrators for the second time in a bid to secure its future.
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NewsSearch to find world’s top retail tech start-ups hots up
New judges have come on board for Discovery 100, Retail Week’s campaign to identify 100 global tech start-ups working with retailers to offer disruptive solutions to transform their businesses.
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NewsJohn Lewis sales slide in post-Black Friday lull
John Lewis sales dropped in a “subdued” week of trading as demand for electrical and fashion items declined.
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NewsPre-Christmas footfall set to rise, aided by Super Saturday boost
Festive footfall in the run-up to Christmas is forecast to rise despite Black Friday numbers pulling sales forward.
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NewsTed Baker bolsters non-exec board with ex-Sports Direct CFO
Ted Baker has added former Sports Direct chief financial officer Jon Kempster to its non-executive board.
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NewsH&M sales rise as it eyes return to profit growth
H&M has posted an uptick in fourth-quarter sales as the group remained on track to deliver an increase in full-year profits for the first time in four years.
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NewsPre-Christmas discounting by retailers hits record levels
Discounting by retailers has hit an unprecedented level in the run-up to Christmas and even deeper price cuts are expected.
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NewsThe Hut Group secures €1bn in fresh fundraising round
The Hut Group has won €1bn in new financing that will transform its balance sheet and super-charge its growth aspirations.
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NewsStudio profits hit by surge in PPI claims
Studio, the online retailer previously known as Findel, has posted a slump in profits following a surge in PPI claims.
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NewsAsda hunts for new finance director ahead of IPO
Asda has kicked off the search for a new finance director as it prepares for a return to the stock exchange.
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NewsSports Direct profits rise as it shrugs off Belgian tax bill
Sports Direct has posted a jump in half-year profits and insisted the shock tax bill it received from Belgian authorities in the summer “will not lead to material liabilities”.
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NewsData: Shoppers spent £2bn on Christmas gifts during Black Friday
The struggling UK retail sector may not get the Christmas sales boost it desires, as new research shows many customers did the majority of their festive shopping during the Black Friday sales.
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NewsBoots to stock Mothercare products in franchise tie-up
Boots is to start selling Mothercare products after agreeing to become its exclusive franchise partner in the UK.
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NewsAgenda: Sports Direct, Carpetright, consumer confidence
Retail Week looks ahead to the next seven days, which include updates from Sports Direct, Carpetright and GFK’s consumer confidence tracker.
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NewsArcadia seals £310m loan on Topshop flagship store
Sir Philip Green’s Arcadia has refinanced the £310m loan on its flagship Topshop store on London’s Oxford Street.
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NewsSainsbury’s considers offers for £1.9bn mortgage book
Sainsbury’s considering a number of offers for its £1.9bn mortgage book as it looks to quit the home loans market.
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NewsPound surges as Conservatives sweep to election win
The Conservative Party has won a crushing majority in the General Election, sending the pound soaring to a 19-month high.
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NewsNew Look reshuffles top brass as Oddy named chief executive
New Look has reconfigured the makeup of its senior leadership team, appointing Nigel Oddy as its new chief executive as well as naming a new non-executive chair.
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NewsSports Direct blames Harrods for Milton Keynes HoF closure
Sports Direct has blamed Harrods for the closure of its Milton Keynes House of Fraser, which will see the loss of 172 jobs just before Christmas.