All News articles – Page 529
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NewsTesco to shut down non-food website Tesco Direct
Tesco is axing its standalone clothing and general merchandise website after concluding there was “no route to profitability” for the business.
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NewsHolland & Barrett poaches Wilko director Houghton
Holland & Barrett has snapped up Wilko retail director Anthony Houghton to bolster its bricks-and-mortar expansion plans, Retail Week can reveal.
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NewsWyevale owner Terra Firma hoists For Sale sign
Private equity firm Terra Firma Capital has put Wyevale Garden Centres up for sale, Retail Week can reveal.
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NewsMarks & Spencer reveals details of more store closures
Marks & Spencer has revealed plans to close another 14 clothing and home stores and cut back Simply Food openings.
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NewsMPs call on May to protect Sainsbury’s staff
A group of 100 MPs have called on prime minister Theresa May to intervene in changes Sainsbury’s is proposing to make to staff contracts.
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NewsDFS COO Tim Stacey named boss as Ian Filby exits
DFS’s COO Tim Stacey will replace boss Ian Filby as he departs the business this autumn after eight years at the group.
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NewsTopps Tiles profits crash as inflation hits
Topps Tiles’ profits have dropped dramatically due to inflationary pressures despite sales rising over the period.
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NewsPets at Home sales rise fails to stem profits drop
Pets at Home’s sales rose over its last full-year but the retailer’s bottom line was dented by investment in lowering prices.
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NewsHalfords profits shrink as it hires new chairman
Halfords’ full-year pre-tax profits have dipped despite an increase in like-for-likes.
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NewsTesco exec Hoggett returns to UK in new operations role
Tesco’s Asia boss Tony Hoggett is returning to the UK to take up the newly created role of chief operations officer.
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NewsBathstore chief executive Gary Favell steps down
Bathstore boss Gary Favell has exited the bathroom specialist after nearly six years at the helm, Retail Week can reveal.
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NewsNext slammed by property body for ‘nonsense’ CVA clause
The British Property Federation (BPF) has taken a swipe at Next after the retailer requested the implementation of a so-called ‘CVA clause’.
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NewsIkea pulls out of Preston store as profits nosedive
Ikea has parked plans for a superstore in Preston and reported plunging full-year profits.
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NewsMarks & Spencer prepares for more store closures
Marks & Spencer is to accelerate its store closure programme, it is understood.
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NewsNext demands ‘CVA clauses’ from landlords
Next is asking landlords for lower rent on stores when neighbouring shops get a better deal through a CVA.
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NewsPoundland owner holds 'urgent' restructuring talks
Poundland’s owner Steinhoff has kicked off restructuring talks with its lenders to address the group’s “critical” debt position.
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NewsAgenda: M&S, Kingfisher and Halfords update the market
Retail Week looks ahead to the next seven days, with updates from M&S, Kingfisher, Halfords and Pets at Home on the agenda
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NewsCarpetright launches share issue to fund CVA
Carpetright has issued shares in a bid to raise £60m to support its company voluntary arrangement (CVA) and restructure.
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NewsCMA opens investigation into Sainsbury’s-Asda merger
The Competition and Markets Authority has launched the first phase of its investigation into the mega-merger between the two members of the big four.
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NewsMothercare swings to massive loss in full-year
Mothercare swung to a loss last year as sales shrank during a catastrophic period for the retailer.