All News articles – Page 456
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NewsArcadia refuses to pay more into pensions as CVA hangs in balance
Arcadia is refusing to pump more cash into its pension deficit as part of its CVA proposal, despite increasing fears pension regulators could vote against the group’s restructuring plan.
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NewsDecathlon launches 'cashierless shopping' across Dutch stores
Decathlon has launched “cashierless” mobile self-checkout capabilities across all of its stores in the Netherlands.
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NewsReiss denies majority stakeholder looking to sell
Reiss has categorically denied recent media speculation that private equity firm and majority stakeholder Warburg Pincus is looking to sell the retailer.
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NewsDiscounters reach record combined market share
Discounters Aldi and Lidl reached a combined record market share in May, while Sainsbury’s clung on as the second-biggest UK grocer, according to the latest data.
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NewsGrocery sales fall in May as promotions rise
Supermarket sales slipped over the last month as grocers came up against tough annual comparisons.
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NewsShop price inflation rate second highest in six years
Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
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NewsPoundland owner posts sales rise as value chain ‘outperforms’
Pepkor Europe, owner of businesses including Poundland in the UK, has reported a rise in quarterly and half-year sales.
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NewsWalmart hires former Google and Amazon exec as CTO
Walmart has appointed a former Google and Amazon executive to “a new elevated chief technology officer and chief development officer role”.
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NewsTJX Europe supports Be Inspired programme
TJX Europe, the retail group behind TK Maxx and Homesense, is backing Retail Week’s Be Inspired programme, showing its commitment to addressing diversity at a leadership level by joining as a partner.
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NewsJohn Lewis ploughs £21m into Peterborough refurb
John Lewis & Partners is investing £21m in refurbishing its Peterborough store in the Queensgate shopping centre.
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NewsBoots mulls hundreds of store closures
Walgreens Boots Alliance is exploring the possible closure of over 200 underperforming stores in a bid to stave off falling sales and profits.
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NewsSelect administrators launch CVA
Select has filed proposals for a CVA in order to slash rents, after it fell into administration earlier this month.
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NewsCo-op raises £300m ‘Fairtrade’ bond to drive sustainability
The Co-operative Group has raised a £300m ‘sustainability bond’ in a bid to get more Fairtrade products in its shops.
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NewsMonsoon founder pledges £34m to secure CVA
Monsoon founder Peter Simon has offered £34m worth of rescue funds in a bid to win approval for rent reductions from landlords as part of a CVA.
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NewsGreen offers £185m in assets for Arcadia pension black hole
Sir Philip Green has offered £185m in additional funds primarily made up of property assets to reduce Arcadia’s pension deficit in a bid to win approval for its CVA.
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NewsDebenhams to close only Australian store next year
Debenhams is set to close its one department store in Australia by the beginning of next year.
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NewsNew Waitrose online partner poaches long-serving Ocado exec
Today Development Partners, the newly launched ecommerce platform which partnered with Waitrose last week, has poached a senior staff member from technology rival Ocado.
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NewsAgenda: Pepkor Europe and GFK consumer confidence
Retail Week looks ahead to the next seven days with an update from Pepkor Europe and GFK’s latest consumer confidence survey on the agenda.
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NewsWaitrose unveils location of site for new delivery depot
Waitrose has unveiled Enfield as the site of a new customer fulfilment centre, which it said will create “hundreds of new jobs”.