All News articles – Page 577
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NewsToday in retail: Harrods boosted by Brexit Britain
Harrods was boosted by the influx in foreign tourists over its last full-year, becoming a rare retail beneficiary of the weakened pound.
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NewsShop Direct’s Barclay brothers to scoop £200m in deal
Shop Direct owners the Barclay brothers will receive over £200m in a refinancing deal, following their decision to abandon a sale of the business.
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NewsRetail sales slide in September amid price rises
Retail sales volumes declined 0.7% in September, reversing a jump in August, according to the Office for National Statistics (ONS).
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NewsDebenhams appoints former HoF executive Adams to board
Debenhams has appointed former House of Fraser deputy chief executive David Adams as a non-executive director.
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NewsGames Workshop sales and profits 'well above' last year
Fantasy game specialist Games Workshop has said that its sales and profits are running “well above” the level they were at last year.
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NewsWickes like-for-likes slow in ‘difficult’ market
Wickes like-for-like growth slowed to 2.4% in its third quarter as it faced an “increasingly difficult market environment”.
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NewsJacques Vert chief executive Shaun Wills exits
Shaun Wills, the chief executive of Jacques Vert owner Calvetron Brands, has left the business, four months after it was bought out of administration.
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NewsHarrods profits soar as tourists snap up Brexit bargains
Sales and profits surged at Harrods during its last financial year as foreign shoppers capitalised on the weak pound to snap up cheaper luxury goods.
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NewsTesco Labs partners with Israeli start-up platform
Tesco has partnered with Israel’s leading venture capital firm JVP on its new start-up platform.
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NewsToday in retail: Sainsbury’s cuts are a necessary evil
Sainsbury’s revelation that it is axing 2,000 roles as it restructures its human resources team represents a painful but necessary move.
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NewsZalando profits fall as it launches beauty offer
Zalando has reported a rise in revenues and fall in profits as it unveiled plans to roll out a beauty offer and accompanying concept store next year.
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NewsTapi losses widen amid ‘aggressive’ store expansion
Tapi – the flooring retailer set up by Martin Harris, son of Carpetright founder Lord Harris – racked up pre-tax losses of £10.2m in 2016.
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NewsConviviality hires former Premier Foods finance boss
Conviviality has enlisted former Premier Foods finance chief Mark Moran to replace Andrew Humphreys as chief financial officer.
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NewsSainsbury's to axe 2,000 jobs in cost cutting drive
Sainsbury’s is slashing 2,000 jobs in an attempt to cut costs by £500m as the grocer struggles with the return of food inflation and rising wage bills.
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NewsBRC calls for business rates freeze as inflation bites
The British Retail Consortium (BRC) has called for business rates to be frozen as UK inflation reaches a five-year high.
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NewsToday in retail: Asos flies on FX tailwinds
Today Asos has demonstrated that it’s still leading the fashion pack with soaring pre-tax profits and rising sales both at home and away.
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NewsJohn Lewis fashion sales knocked by warm weather
Fashion sales at John Lewis suffered a year-on-year decline last week owing, it said, to warmer than average weather.
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NewsUpdated: Footasylum confirms IPO as former JD boss joins
Footasylum will float on AIM next month as it gears up for store expansion and snaps up ex-JD boss Barry Bown to spearhead its expansion.
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NewsAsos profits skyrocket bolstered by weak pound
Asos’ full-year profits have more than doubled, driven by strong international sales and currency tailwinds in what boss Nick Beighton dubbed “a great year”.
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NewsTiger’s former UK owner Philip Bier returns to the helm
Flying Tiger Copenhagen’s UK co-founder Philip Bier has been appointed as executive chairman of the business less than a year after selling his stake.