All News articles – Page 522
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NewsB&Q ploughs £100m into price cuts across 2,000 products
B&Q has invested £100m into price cuts across a swathe of core products in a bid to lure new shoppers and reduce its reliance on promotions.
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NewsHarvey Nichols launches perfume concession with Sniph
Swedish perfume subscription business Sniph has launched its first UK concession in luxury department store Harvey Nichols.
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NewsPoundworld to close 25 stores, axing 242 jobs
Poundworld is closing 25 of its 355 branches this week including stores in Birmingham, Manchester and Nottingham.
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NewsMountain Warehouse sells £45m stake to ramp up expansion
Mountain Warehouse has sold a 20% stake in the business to Inflexion Private Equity Partners.
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NewsUK retail sales rise, buoyed by football fever
UK retail sales rose in June as shoppers snapped up big match essentials, but non-food sectors such as furniture and footwear continued to suffer.
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NewsOcado swings to half-year loss as sales rise
Ocado has recorded a loss at the half-year mark as the online grocer ploughed investment into its proposition following a spate of international partnerships.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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NewsPoundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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NewsAsda boss warns of ‘significant’ hard Brexit fallout
Asda chief executive Roger Burnley has warned of the “significant consequences” a hard Brexit could have on the grocery industry.
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NewsCo-op has £15m bid for symbol group Costcutter rejected
The Co-op has had a cut-price bid for symbol group Costcutter rejected as grocery retailers continue to seek consolidation in a rapidly changing food market.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.
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NewsPeter Ruis takes top role at Anthropologie
Former Jigsaw chief executive Peter Ruis has joined US fashion and homewares retailer Anthropologie as the managing director of its international business.
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NewsAgenda: M&S, Asos, Ocado, Dunelm and Burberry
Retail Week looks ahead to the next seven days, with updates from Marks & Spencer, Asos, Ocado, Dunelm and Burberry all on the agenda.
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NewsPhilip Hammond refuses MPs’ calls for rates reform
Chancellor Philip Hammond has told MPs he will not reconsider business rates reform imminently, but will examine changing how digital firms are taxed.
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NewsProperty giant British Land voted against HoF CVA
Landlord giants including British Land, Derwent and Reuben Brothers tried to block House of Fraser’s controversial CVA last month, according to documents seen by City AM.
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NewsSuperdry profits rise after ‘strong’ year
Superdry has reported a rise in sales and earnings and said it is confident that growth will continue.
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NewsPrimark profits to beat expectations as sales rise
Primark will make higher profits than anticipated this year after tight management of stock and markdowns.
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NewsBRC warns May and EU of Brexit ‘cliff edge’
The British Retail Consortium has written to Theresa May and EU chief negotiator Michel Barnier warning of dire consequences if frictionless trade is not preserved through a Brexit deal.
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NewsRetailers win latest stage of card fee legal battle
Sainsbury’s, Asda and Morrisons have won the latest stage of a lengthy legal battle against Mastercard and Visa over charges.