All News articles – Page 425
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NewsTesco boss Dave Lewis to step down as interim profits rise
Tesco chief executive Dave Lewis is set to step down from the grocer next year as the business delivers half-year profit growth and flat sales.
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NewsShop prices fall at fastest rate since May 2018, spurred by grocery
Shop prices declined in September as non-food prices decreased and grocery inflation also eased to its lowest rate since April 2018.
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NewsWaitrose boss exits as John Lewis Partnership unveils radical restructure
John Lewis Partnership has unveiled radical changes, including running its department store and grocery arms as one business, which will no longer have separate managing directors.
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NewsCMA escalates investigation into JD Sports’ Footasylum acquisition
The Competition and Markets Authority has today escalated its probe into JD Sports’ £90m swoop for Footasylum, after the footwear retailer decided there wasn’t any “appropriate remedies” to avoid the phase 2 probe.
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NewsArgos chief executive John Rogers to step down
Sainsbury’s has said that the chief executive of Argos is set to leave the business at the end of October to take a senior role with a public relations company.
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NewsScS profits up as boss hails year of ‘good progress’
ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.
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NewsGreggs sales soar after trade continues ‘very strongly’
Greggs has hailed another quarter of strong sales growth, saying it “continued to trade very strongly” on the high street.
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NewsAsos makes delivery price U-turn after customer feedback
Asos has made a U-turn on increasing its premier delivery cost after receiving feedback from customers.
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NewsAuxiliary launches ‘immersive’ AR experience with Selfridges
Premium footwear brand Auxiliary has launched an exclusive AR experience in Selfridges on Oxford Street in London.
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NewsIdeal Shopping Direct back in the black after changes at the top
Ideal Shopping Direct has swung from heavy losses to an expected profit in less than a year, spearheaded by a number of new senior appointments.
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NewsRent the Runway freezes new subscriptions due to supply chain issues
Rent the Runway has temporarily stopped taking on new customers as it grapples with a number of inventory and supply chain issues.
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NewsMiss Selfridge losses balloon as sales slump
Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsEx-Clarks boss denies racism and sexism claims
Former Clarks boss Mike Shearwood will refute allegations of using sexist and racist language at a court case set to get under way today.
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NewsTesco mulls sale of struggling Polish business
Tesco is considering selling off its struggling Polish division as boss Dave Lewis continues to refocus the retailer on its core UK business.
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NewsBooths sales on the rise but profits remain out of reach
Booths saw sales inch up over the course of the financial year, but profitability remained out of reach for the upmarket grocer.
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NewsAgenda: ScS, Greggs and Tesco update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Ted Baker and Topps Tiles all on the agenda.
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NewsPoundland parent rebrands as it gears up for European expansion
Pepkor, the owner of discount variety chain Poundland, has rebranded as Pepco Group as it seeks to align itself with its largest Central European brand.