All News articles – Page 449
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NewsSports Direct opts for town centre with freehold acquisition
Sports Direct has acquired the freehold of a former TJ Hughes building in a town centre, relocating from a nearby out-of-town retail park in the process.
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NewsGear4Music swings to full-year loss despite sales increase
Online music retailer Gear4Music registered “disappointing” full-year losses despite soaring sales and “rapidly gaining market share”.
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NewsGrocery sales rise marks three years of growth
Grocery sales have risen 1.4% year on year, representing three years of continuous growth, the latest Kantar data revealed.
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NewsNew Look celebrates return to ‘underlying profitability’
New Look is back in the black on an underlying basis after its turnaround programme bore fruit.
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NewsCarpetright reports ‘year of two halves’ as turnaround continues
Carpetright has posted reduced annual losses and said there has been strong like-for-like growth in the new financial year.
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NewsAmazon Prime Day to run over 48 hours for first time
Amazon’s annual Prime Day deals extravaganza will be extended this year to run over a 48-hour period for the first time.
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NewsEdinburgh Woollen Mill suffers profit fall
Edinburgh Woollen Mill Group has posted a decline in full-year profits as it confronted challenging trading conditions.
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NewsAO poaches Electrolux’s Mark Armstrong for new division
AO.com is launching a business-to-business division with Mark Armstrong as its new head of sales for the house builders division.
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NewsComet ex-directors face legal action over failed deal
Former directors of collapsed electricals chain Comet, including WHSmith’s upcoming chief executive Carl Cowling, face legal action from liquidators.
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NewsCarrefour sells China business to Suning.com
Carrefour has become the latest big Western retailer to beat the retreat in China after agreeing to sell its business there.
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NewsBoots to scrap plastic bags in all stores by 2020
Boots plans to replace plastic carrier bags with paper alternatives across 53 stores today, with the entirety of its store estate to switch over by next year.
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NewsCoupe’s pay attacked by shareholders and MPs
Sainsbury’s boss Mike Coupe has been criticised by shareholders and MPs for his £3.9m pay-packet.
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NewsUK consumer spending growth slowest for six years
The UK consumer spending growth rate will be at its slowest in six years during 2019, ratcheting up pressure on retailers.
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NewsThe Pensions Regulator set for grilling over Arcadia
The head of The Pensions Regulator Charles Counsell is to be questioned by the Work and Pensions Committee over the watchdog’s deal with Arcadia owner Sir Philip Green.
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NewsGame advises investors to accept Sports Direct offer
Directors of computer entertainment retailer Game have advised shareholders to accept a takeover offer from Mike Ashley’s Sports Direct that values the business at £51.9m.
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NewsAgenda: Carpetright and Gear4Music update the market
Retail Week looks ahead to the next seven days with updates from Carpetright and Gear4Music on the agenda.
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NewsAshley calls for Goals Soccer Centres boardroom cull
Sports Direct boss Mike Ashley has called for a Goals Soccer Centres boardroom cull due to “the perceived lack of transparency” in its ongoing accounting crisis.
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NewsAsos launches ‘responsible edit’ to woo ethical shoppers
Asos has launched an ethically minded and sustainable edit of clothing on its site to provide environmentally concious customers more choice.