All News articles – Page 89
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NewsTHG to demerge Ingenuity arm to simplify business model as it sets sight on FTSE
THG is set to demerge its Ingenuity arm as it simplifies its business model as a consumer beauty and nutrition group and targets inclusion in the FTSE UK Index by March 2025.
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NewsUniqlo parent Fast Retailing's sales have exceeded £15bn for the first time
Fast Retailing, the owner of fashion retailer Uniqlo, has reported soaring sales and profits for the full year as sales exceeded ¥3trn (£15.5bn) for the first time.
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NewsRiver Island has swung to a loss amid a ‘challenging’ environment and tough competition
Fashion retailer River Island has swung to a loss amid declining sales and competition within the fashion market continuing to ramp up.
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NewsBensons has opened an ‘unprecedented’ number of new stores
Bensons for Beds has opened more than a dozen new stores in less than a month following its buy-up of doomed Carpetright locations.
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NewsIkea’s sales have taken a hit following its move to lower prices
Ikea’s move to draw shoppers in with lower prices has taken a toll on its revenues.
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NewsWaitrose has expanded its on-demand delivery with Just Eat tie-up
Waitrose has struck a partnership with Just Eat to bolster its on-demand delivery proposition.
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NewsN Brown has announced a profit improvement as it focuses on sales
Home shopping group N Brown has reported a small profit in its first half on the back of strategic progress.
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NewsPrivate equity group Apollo has taken control of End Clothing
Private equity house Apollo Global Management has bought fashion retailer End Clothing from its counterpart Carlyle Group.
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NewsAllegations are mounting against former Harrods owner Al Fayed
More women have come forward to say that they were abused by former Harrods owner Mohamed Al Fayed.
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NewsEE has opened a new 'extended reality' experience at flagship store
EE has opened a new extended reality experience in its flagship store at Westfield White City amid an increase in consumer demand for immersive devices like VR headsets.
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NewsAmazon has unveiled new AI tools for shoppers and delivery drivers
Amazon has unveiled new AI shopping guides to improve the customer experience as well as introducing AI-powered tech in delivery vans to cut delivery times.
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NewsTesco has launched ‘store wraps’ and website video ads in retail media push
Tesco has extended its retail media proposition to give brands new ways of communicating with consumers.
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NewsDunelm is deploying generative AI to improve the online shopping experience
Dunelm is implementing a new generative AI technology on its ecommerce site in a bid to improve customers’ online shopping experience.
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NewsPrimark is opening its first store in Manhattan as US expansion ramps up
Primark has confirmed it will open its first store in Manhattan, New York City, as part of its ongoing international expansion as the value fashion giant targets 60 stores in the US by 2026.
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NewsRevolution Beauty sales and profits have dipped amid ‘transformational year’
Cosmetics retailer Revolution Beauty’s sales and profits have dipped during the first half as it works towards a “return to growth” and ramps up global expansion.
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NewsOnline retail sales have grown for the first time in three years
Online UK retail sales saw growth for the first time since 2021 as sales spikes across key categories provided “optimism” for retailers ahead of the peak trading period.
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NewsShein’s UK profits have doubled as sales hit £1.5bn
Fast-fashion giant Shein’s UK profits have doubled year on year and sales have surpassed £1.5bn, exceeding the revenue of rival Boohoo.
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NewsWaterstones starts new Oxford Street chapter with John Lewis opening
Bookseller Waterstones has opened a branch in John Lewis’ flagship store on London’s Oxford Street.
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NewsFrasers has acquired three new shopping centres as it looks to ‘reinvent’ UK retail
Frasers has acquired over 1 million sq ft of retail assets including Princesshay Shopping Centre in Exeter, Fremlin Walk Shopping Centre in Maidstone and The Olympus Centre in Quedgeley.
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NewsGrocers roll back prices on essential items as inflation nudges up
UK grocers have continued to invest in lowering the prices on essential grocery items over the past month as food inflation inched up ahead of the October Budget.