All News articles – Page 64
-
NewsMulberry has announced a new turnaround plan and CFO appointment
Mulberry is embarking on a new turnaround strategy and has announced the appointment of a new chief financial officer with the aim of returning the brand to profitability.
-
NewsH&M ‘on track’ as sales and earnings rise
A year into his role, H&M chief executive Daniel Ervér has maintained that the retailer is “on track” as he reported higher sales and profits.
-
NewsRetail crime ‘spiralling out of control’ as violence and abuse soar
Retailers have suffered record levels of crime, despite spending more than ever before on prevention.
-
NewsAsda launches long-term price offensive with return of rollback and ‘Asda Price’
Asda is slashing prices, including through the reintroduction of its rollback reduction programme, as it seeks to reestablish its value for money credentials.
-
NewsCrew Clothing ramps up store expansion plans following Christmas sales surge
Fashion retailer Crew Clothing is planning to open “at least” 20 stores in 2025 following a surge in sales over Christmas.
-
NewsTesco becomes latest grocer to axe jobs in efficiency drive
Market leader Tesco has become the latest big grocer to cut jobs as retailers confront rising costs.
-
NewsMorrisons hails ‘broad based progress’ as profits and revenues jump
The grocer’s turnaround looks to be gathering pace as it reported strong Christmas trading and full-year profits and revenues both climbing.
-
NewsCastore scores big over Christmas with ‘strongest ever sales performance’
Sportswear brand Castore has enjoyed a “record Christmas” hailing its “strongest ever trading performance” over the period.
-
NewsWHSmith’s travel business takes flight as high streets continue to drag
WHSmith has praised the “strong momentum” across its increasingly core travel business, not least in the US, while its high street stores performed “in line” with expectations.
-
NewsExclusive data: Lowest number of new UK retail CEOs since Covid
Only 22 permanent retail CEOs were appointed over the last 12 months, the lowest UK number in a decade except for 2021 when businesses were dealing with the fallout from the pandemic
-
NewsHalfords has upgraded its profit guidance following strong sales
Halfords has upgraded its profit guidance for the full year as it cites recent trading and “continued strategic progress”.
-
NewsQuiz is on the brink of administration following stock market exit
Fashion retailer Quiz is reportedly on the brink of administration days after its shares were delisted from the London Stock Exchange.
-
NewsJollyes sales soar as it embarks everyday low pricing model
Jollyes has posted strong Christmas trading results alongside a new commitment to shun loyalty prices for a new everyday-low-pricing model.
-
NewsHMV owner eyes 500 WHSmith stores, reports say
Canadian entrepreneur Doug Putman is in talks to buy the store network of the high-street stalwart, according to The Sun newspaper.
-
NewsWickes upgrades profit forecast as retail sales grow
Wickes has upgraded its full year profit forecast, after retail sales jumped in the second half of the year.
-
NewsPets at Home cites ‘challenging consumer backdrop’ for sales slide
Pets at Home has reported a slump in retail revenue in the third quarter, putting it down for a “challenging consumer backdrop”.
-
NewsShop price deflation driven by retailers offering deep discounts
Shop price deflation in the first month of the year was driven by retailers offering customers deep discounts during the period.
-
NewsAmazon is planning to bring drone deliveries to the UK
Amazon is in the process of making drones a viable delivery solution for its UK customers.
-
NewsWeird Fish plots further store expansion after Christmas sales surge
Fashion retailer Weird Fish is planning further bricks-and-mortar expansion in 2025 following a surge in sales and profits over Christmas and during the 2024 financial year.
-
NewsHotel Chocolat savours record Christmas as it eyes US expansion
Premium chocolate retailer Hotel Chocolat enjoyed record Christmas trading and has now turned its attention to expanding in the US.