All News articles – Page 409
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NewsNovember footfall slides as rain dampens shopper numbers
Retail footfall declined last month as the combination of poor weather and incoming Black Friday deterred shoppers from hitting the high street.
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NewsTed Baker drafts in Deloitte to investigate £25m stock overstatement
Ted Baker has appointed Deloitte to work alongside law firm Freshfields on the investigation into the overstated the value of stock on its balance sheet.
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NewsTesco considers sale of Thai and Malaysian stores
Tesco is considering offloading its Asian stores in a deal that could value retail operations across its Thai and Malaysian business at up to $9bn (£6.8bn).
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NewsAgenda: General election, Dixons Carphone, Superdry and Ted Baker
Retail Week looks ahead to the next seven days, which include updates from Dixons Carphone, Superdry and Ted Baker.
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NewsSports Direct puts Lillywhites London lease up for sale
Sports Direct’s lease of the six-floor Lillywhites store on London’s Piccadilly has reportedly been put on the market.
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NewsRent the Runway ties up with W Hotels in bid to banish the suitcase
Rent the Runway has partnered with W Hotels to allow shoppers to pay a flat fee to rent a selection of outfits upon arrival rather than bringing luggage.
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NewsJD Sports’ Footasylum acquisition put on hold by CMA
JD Sports planned £90m takeover of struggling footwear firm Footasylum has been halted by an ongoing investigation by the Competition and Markets Authority (CMA).
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NewsTed Baker calls in advisers as it looks to revive fortunes
Ted Baker has called in consultancy firm AlixPartners to help with a root-and-branch review of operations after a difficult year that has seen it issue three profit warnings.
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsJoules sales climb despite ‘challenging’ September
Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.
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NewsQuiz targets rent reductions in bid to turnaround flagging store estate
Quiz has said it is in discussions with landlords on stores with leases coming up to expiry looking for an average of 30% rent reductions as it battles to turnaround the flagging fortunes of its estate.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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NewsBAME execs on FTSE 100 retail boards inch up as overall representation falls
Ethnic diversity on the boards of the UK’s biggest retailers edged up in 2019 as research found “people of colour remain super-glued to the corporate floor”.
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NewsEdinburgh Woollen Mill’s profits rise in ‘turnaround’ period
The Edinburgh Woollen Mill group has posted an increase in profits as the fashion retailer continued to expand its luxury division.
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NewsSainsbury’s poaches Screwfix exec Rhian Bartlett
Sainsbury’s has poached Screwfix customer and digital director Rhian Bartlett, four years after she left the grocer.
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NewsChristmas spend forecast to slip despite Black Friday uplift
Black Friday sales confounded expectations as the post-payday discount bonanza delivered sales and footfall uplifts, but festive spend is still forecast to be in decline.
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NewsJohn Lewis launches two DnaNudge pop-ups in London
John Lewis has launched two pop-ups with DNA testing start-up DnaNudge in London, as the retailer looks to help customers make “healthier choices”.
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NewsMorrisons promotes two in management reshuffle
Morrisons has reshuffled its management team with two senior appointments, leading its boss to praise the supermarket’s “strong management development plans”.
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.