All News articles – Page 452
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NewsTesco like-for-likes nudge up as Booker boosts growth
Tesco like-for-likes inched up in its first quarter as its sales were boosted by its merger with Booker.
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NewsAmazon and Morrisons extend partnership to cities across UK
Amazon and Morrisons will expand their partnership to Amazon Prime Now members in cities across the UK.
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NewsMajestic appoints John Walden as chair as it swings to loss
Majestic has appointed John Walden as its chair as it prepares to sell its core business to focus on Naked Wines.
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NewsSainsbury’s warehouse staff to strike over absence policy
Hundreds of Sainsbury’s warehouse staff are set to walk out amid a dispute over changes to its absence policy.
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NewsArcadia CVA passes, safeguarding 17,000 jobs
Arcadia’s CVA has been approved after today’s second creditor meeting when all seven votes passed muster with landlords, suppliers and the pension authorities.
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NewsWaterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes & Noble – has made a bid for Majestic Wine.
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NewsZara owner Inditex hails 'record sales'
The world’s biggest fashion retailer Inditex has posted record first-quarter sales bolstered by the “strong momentum in the digital transformation”.
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NewsLidl to plough £500m into London expansion
Lidl is set to open on Tottenham Court Road as part of plans to supercharge its bricks-and-mortar presence in London.
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NewsBoohoo sales surge in ‘strong start to the year’
Online fashion retailer Boohoo has posted a jump in group sales as it continues to “disrupt and capture market share”.
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NewsArcadia CVA on knife edge as Intu rejects revised deal
Arcadia’s biggest landlord operator Intu has rejected the retailer’s revised CVA proposal, but the Topshop owner remains hopeful of salvaging its controversial deal ahead of the second vote on Wednesday.
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NewsSelect CVA gets green light from creditors
Select has secured approval for its second CVA in just over 12 months as 87% of creditors backed its latest proposal.
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NewsGovernment urged to act as 79,000 retail jobs lost
The BRC is pointing the finger at the government’s “sky-high business rates” for the continued decline in retail jobs across the country.
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NewsQuiz axes Zalando partnership as return rates soar
Quiz has cut ties with German etail marketplace Zalando after return rates selling via the platform rocketed.
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NewsSports Direct mounts legal challenge to Debenhams CVA
Debenhams has confirmed that it has received a legal challenge to its CVA from Sports Direct, which boss Terry Duddy has slammed as “an unnecessary distraction”.
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NewsFarfetch poaches Zalando executive for new data role
Farfetch has announced a wave of new appointments to strengthen its management team, including the creation of two new roles.
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NewsQuiz profits wiped out as discounting takes toll
Fashion retailer Quiz has reported a slump in full-year profits but maintained it can “return to sustainable profitable growth”.
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NewsTed Baker warns on profits amid ‘extremely difficult conditions’
Fashion retailer Ted Baker has suffered in a harsh trading environment and warned that full-year profits will come in at between £50m and £60m.
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NewsJohn Lewis merges home improvement businesses
John Lewis & Partners is to merge its home improvement businesses Home Solutions and Opun as part of a push to “create a truly differentiated home improvement offer”.