All News articles – Page 928
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NewsAsda makes biggest ever price investment as battle for spend intensifies
Asda will invest £300m into prices this year, its biggest ever price investment, as the competition in grocery intensifies.
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NewsHouse of Fraser reports record Christmas as sales rise 8%
Department store group House of Fraser has reported a record Christmas after like-for-like sales increased 8% over the period.
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NewsAldi issues product recall after salmonella is found in chocolate
Discounter Aldi has issued a product recall of a batch of chocolate after salmonella was found in its Choceur Treasures product.
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NewsTesco considers closing its defined benefit pension scheme
Tesco is considering closing its defined benefit pension scheme to new members, because of the retailer’s recent financial crisis.
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NewsBreakfast briefing: Retail news on Tesco and Aldi
Retail news round-up on January 6, 2015: Tesco considers pensions overhaul and Aldi recalls chocolates after salmonella found.
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NewsWalmart to increase base salaries as US minimum wage rises
Walmart is poised to adjust base salaries at 1,434 of its US stores following increases to the legal minimum wage for some US workers.
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NewsNisa names Nick Read as chief executive as it ramps up expansion plans
Nick Read will join Nisa as chief executive officer next month and will focus on driving the symbol group’s ambitious expansion plans.
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NewsBlack Friday 2014 becomes UK's biggest shopping day on record
Black Friday 2014 was the UK’s biggest shopping day on record as consumers splashed out £810m during the US-inspired retail bonanza.
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NewsPoundstretcher reports 'best Christmas ever' after 14.75% sales increase
Discount retailer Poundstretcher has reported its “best Christmas ever”, as sales increased 14.75% over the five weeks ended 30 December.
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NewsFashion chain Bank becomes first retail casualty of 2015
Clothing retailer Bank has fallen into administration following its sale to restructuring specialist Hilco at the end of November last year.
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NewsAmerican Apparel hires investment bank to weigh up options
American Apparel has hired an investment bank to consider its strategic options including a sale of the company, according to reports.
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NewsRetailers predict growth of 4.7% in 2015 as sector outstrips wider economy
Retailers expect to significantly outperform the wider UK economy as they predict an average sales growth of 4.7% this year.
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NewsRiver Island fails to pay staff on time following IT glitch
An IT glitch at River Island has led to the high street chain failing to pay its thousands of staff on time.
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NewsKaren Millen boss Mike Shearwood departs Aurora board as break-up approaches
Karen Millen chief executive Mike Shearwood has stepped down from the Aurora board in a move that could accelerate a break-up of the group.
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NewsTesco, Marks & Spencer and Sainsbury’s to post Christmas sales decline
Three of the traditional powerhouses of the retail sector are all expected to report a Christmas sales slump when they publish their results this week.
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NewsBreakfast briefing: Retail news on Tesco, Aurora and John Lewis
Retail news round-up on January 5, 2015: Tesco mulls job cuts and scrapping of rebates; Mike Shearwood steps down from Aurora; grocers building on just 6% of land; and John Lewis boss questions Black Friday discounts.
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NewsJohn Lewis reports strong Christmas but boss warns of Black Friday impact
John Lewis has reported strong Christmas sales but boss Andy Street also highlighted the distorted trading patterns of Black Friday.
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NewsWHSmith tests joint-branded Cardmarket high street stores
WHSmith is trialling opening its new value greetings card fascia Cardmarket within existing WHSmith stores as it looks to take on budget rivals.
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NewsRetail ombudsman service launches to arbitrate consumer disputes
Lawyer Dean Dunham launches a retail ombudsman service designed to resolve disputes between consumers and retailers.
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NewsInfographic: John Lewis sales fall 1.4% in Christmas week
Sales at John Lewis dropped 1.4% to £126.24m in the week to December 27, but soaring demand for click-and-collect helped break records.