All News articles – Page 79
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NewsFrasers demands that Boohoo chair Kamani is replaced by Mike Ashley
In the latest escalation of the public war of words between the two retailers, Frasers has this morning publicly called for Boohoo founder and chair Mahmud Kamani to step down.
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NewsOnline sales in November off to ‘poor start’ ahead of Black Friday weekend
November ecommerce sales have gotten off to a “poor start” as sales dipped in the first two weeks of the month, according to IMRG’s online retail index.
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NewsSpace NK sales and profits rise driven by growth in active customer base
Space NK posted a growth in sales and profits in the year ending March 2024 driven by customer growth across generations.
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NewsFrasers Plus strikes new partnership with Hornby Hobbies
Frasers Plus, the credit and loyalty platform part of Frasers Group, has announced a new partnership with toy and hobby retailer, Hornby Hobbies.
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NewsLidl records highest growth in customer visits of any supermarket as profits increase
Lidl has revealed it experienced the highest growth in customer visits of any supermarket last year, as revenues and profits increase.
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NewsTikTok set for ‘record-breaking’ Christmas driven by surge live shopping
TikTok has forecast that this Christmas will be “record-breaking” and mark its biggest moment in retail due to an “unprecedented surge” in live shopping sessions.
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NewsDunelm has acquired an Irish soft furnishings retailer to enter new market
Homewares retailer Dunelm has entered the Irish market by acquiring a soft furnishings retailer trading in the Republic of Ireland.
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NewsTed Baker has relaunched its UK website
Embattled fashion retailer Ted Baker has relaunched and redesigned its UK website following its administration earlier this year.
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NewsBank of England governor has warned of rising unemployment ‘risk’ following Budget
The Bank of England governor Andrew Bailey has warned there is a “risk” of unemployment increasing due to the effects of the recent Budget.
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NewsUK shoppers are expected to spend £86bn over the festive season despite ‘cautious Christmas’
Exclusive: The total spend by UK shoppers is expected to increase 1.8% to reach £86.4bn this Christmas, according to data from Rendle Intelligence and Insights shared with Retail Week.
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NewsDeliveroo has called for riders to be protected from abuse in crime bill
Deliveroo is calling on the government to include its riders in the upcoming Crime and Policing Bill to protect them from abuse and violence from customers.
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NewsAnn Summers axes jobs in bid to cut mounting costs
Exclusive: Lingerie and sex toy retailer Ann Summers is laying off tens of employees across the business in a bid to cut mounting costs.
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NewsThe Body Shop is rebuilding its top team with new finance and marketing chiefs
The Body Shop has appointed a new chief marketing officer and chief financial and operations officer as it rebuilds its executive leadership team after being rescued from administration.
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NewsAmazon research reveals independent sellers are using data and AI to boost Black Friday sales
Amazon research has revealed that many independent sellers on the platform are looking to leverage data and AI tools to capture a larger portion of sales over the Black Friday and Christmas season.
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NewsRevolution Beauty hails ongoing ‘transformation’ as profits rise but sales dip
Cosmetics retailer Revolution Beauty has reported an increase in profits for the first half of the financial year despite declining sales amid “year of transformation”
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NewsMulberry losses widen and sales slide as it looks to ‘rebuild’ and ‘reprioritise’ brand
Luxury fashion and accessories retailer Mulberry has reported deepening losses and falling sales as focus shifts on need to “reprioritise” and “rebuild” business.
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NewsRetail leaders call on government to ‘mitigate harmful effects’ of Budget
Leaders from across the sector have signed a letter calling on the government to phase in changes to national insurance contributions to ease the burden on the retail from the Budget.
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NewsAsos boss Ramos Calamonte receives bumper pay rise despite deepening losses
The boss of fashion giant Asos has received an almost 44% pay rise amid a turnaround at the retailer following mounting full year losses.
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NewsHuel posts record sales and triples profits in year of ‘strengthening our foundations’
Huel’s sales for the 2024 financial year surged past £200m for the first time, as its profits more than tripled to £13.8m in the year. It also completed construction of its in-house manufacturing facility in Milton Keynes.
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NewsFlying Tiger Copenhagen launches new app in the UK
Flying Tiger Copenhagen has launched a new app along with “customer club” in the UK to improve the customer experience and offer better rewards for loyal customers.