All News articles – Page 531
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NewsPennycook: ‘Apprenticeship levy isn’t working’
BRC chairman Richard Pennycook has called for reform of the apprenticeship levy, which he said is “not working”.
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NewsHouse of Fraser Group racks up £44m loss
House of Fraser Group swung to a £43.9m pre-tax loss last year as the Brexit vote, terrorist attacks and online competition weighed on the embattled department store business.
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NewsSuperdry full-year profits up but store sales stutter
Superdry’s shares took a tumble after store sales struggled in its most recent quarter.
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NewsMorrisons boss Potts shrugs off Sainsbury’s-Asda deal
Morrisons boss David Potts has insisted the grocer is “well placed” to drive further growth, even if the proposed mega-merger between Sainsbury’s and Asda goes ahead.
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NewsNext raises full-year profit guidance as sales jump
Next has upped its full-year profit forecast after online sales spiked in its first quarter.
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NewsMorrisons like-for-likes rise in 'strong' first quarter
Morrisons unveiled its 10th consecutive quarter of like-for-like growth as new ranges and store openings bore fruit.
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NewsEmbattled tycoon Wiese steps down from New Look board
Christo Wiese has relinquished his role on the board of fashion retailer New Look.
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NewsWalmart edges out Amazon with $16bn Flipkart deal
Walmart has snapped up India’s largest ecommerce retailer Flipkart for around $16bn (£11.8bn) after seeing off competition from Amazon.
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NewsRetail sales suffer steepest drop on record in April
Retail sales tumbled in April as more clement weather failed to offset ongoing non-food sales declines and the early arrival of Easter.
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NewsCo-op completes £137.5m swoop for c-store rival Nisa
The Co-op has formally completed its £137.5m acquisition of symbol group Nisa.
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NewsJohn Lewis scotches rumours of Amazon Waitrose approach
John Lewis Partnership has poured cold water on suggestions that it received a takeover bid from online giant Amazon for its Waitrose chain last year.
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NewsSports Direct in legal action over House of Fraser CVA
Sports Direct is to sue House of Fraser, claiming stakeholders were “denied information” regarding its proposed CVA.
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NewsSainsbury’s 'abandons' food waste reduction project
Sainsbury’s has reportedly called time on a £10m scheme to reduce food waste after trials produced poor results.
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NewsTapi plots swoop on Carpetright stores as CVA nears
Tapi is speaking with Carpetright’s landlords in the hope of snapping up a clutch of the retailer’s stores that are subject to rent reductions under the terms of its impending CVA.
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NewsAgenda: Morrisons, Next and Superdry update the market
Retail Week looks ahead to the next seven days, with updates from Morrisons, Next and Superdry on the agenda.
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NewsUpdated: Jacques Vert plunges into administration
Jacques Vert and its sister brands have entered administration for the second time in less than a year under new owner Calvetron.
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NewsThe Hut snaps up cosmetics brand Eyeko
The Hut Group (THG) has acquired Eyeko, a specialist eye cosmetics brand, for an undisclosed sum.
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NewsHouse of Fraser slammed by property body over CVA plan
The British Property Federation has hit out at House of Fraser after the beleaguered business revealed it plans to launch a CVA next month.
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NewsHouse of Fraser launches CVA to secure fresh investment
House of Fraser is the latest retailer to launch a CVA as it bids to strip costs out of the business and secure a new shareholder.
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NewsOcado signs international deal with Swedish grocer ICA
Ocado has signed up another international partner to use its proprietary technology, bringing Sweden’s biggest grocer ICA on board.