All News articles – Page 99
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NewsRetail sector forecast to have a bumper golden quarter
For the first time since 2021, retail is forecast to enjoy a bumper golden quarter as consumers show renewed confidence in the UK economy.
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NewsM&S to trial grab-and-go coffee shops as it takes on rivals like Pret
Marks & Spencer is set to trial more grab-and-go food and drink options in its cafe as it looks to win lunchtime customers from rivals like Pret a Manger, The Telegraph has reported.
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NewsIceland chair calls for change to ‘stupid’ retail crime laws
Iceland chair Richard Walker has called on the government to change “stupid” laws that prohibit retailers from sharing CCTV footage of shoplifters online, The Times has reported.
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NewsBirkenstock has reported a record quarter thanks to demand for ‘ugly’ clogs
German footwear retailer Birkenstock has reported a record third quarter thanks to increased demand across all regions.
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NewsLululemon revenue and profits increase driven by boost in international sales
Lululemon has reported an increase in revenue and profit as international sales sprint ahead compared with sales in North America.
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NewsHMV has seen a ‘huge boost’ in sales thanks to Oasis reunion
HMV has recorded a “huge boost in sales” this week, mainly due to British band Oasis deciding to reunite after 15 years.
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NewsDobbies likely to seek rent cuts as restructuring advisers drafted in
Garden centre group Dobbies is working on restructuring proposals that may lead to store closures and rent reductions.
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NewsVinted is offering a dedicated electronics category for the first time
Secondhand marketplace Vinted has launched a new electronics category on its app, adding to its main category of preloved fashion, Retail Week can reveal.
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NewsTesco faces prospect of strike action as staff reject pay offer
Tesco is bracing for possible strike action across its distribution network after warehouse workers at eight sites rejected a pay offer.
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NewsHalfords bike website had a boost in visitors after Team GB’s cycling success
Team GB’s strong cycling performance at the Paris Olympics has led to a spike in demand for bikes, according to new figures released by Halfords today.
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NewsHomebase is poised to kick off talks with potential investors
DIY specialist Homebase is preparing to start discussions with potential new investors, Retail Week can reveal.
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NewsFruugo has appointed a former Amazon director as chief operations officer
Global online marketplace Fruugo has hired a former Amazon director to take on the role of chief operations officer.
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NewsSainsbury’s snaps up a raft of Homebase stores in a deal valued at £130m
Grocer Sainsbury’s is buying a raft of stores from DIY specialist Homebase as it seeks to extend its presence and “offer more food choice to more customers”.
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NewsVery is launching its first fashion TV campaign in seven years
Very is making a TV comeback with its first television advert in seven years, showcasing its autumn collection through the group’s Haus of Flamingo fashion platform.
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NewsQuiz has posted losses and a decline in revenue
Fashion retailer Quiz has posted “disappointing” results, which it said reflect the impact of inflationary pressures on consumer spending.
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NewsAugust retail footfall has seen a ‘marginal’ rise despite summer holidays and UK riots
Retail footfall in August saw a “marginal” uplift in a month that usually sees shoppers on summer getaways.
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NewsKurt Geiger has posted ‘record’ sales and a rise in profit
Kurt Geiger has posted “record” profits and handbag sales despite weaker demand in the wider luxury market.
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NewsHobbycraft has been acquired by Modella Capital
Modella Capital, which has backed chains including Paperchase, Tie Rack and Ted Baker’s UK licensing partner No Ordinary Designer Label (NODL), has acquired arts and crafts retailer Hobbycraft.
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NewsTemu group warns on ‘inevitable’ profit decline as results miss analyst expectations
Temu’s owner, PDD Holdings, has warned of an “inevitable” reduction in profitability as the group reports slow growth and rising competition.
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NewsOcado unveils its sixth round of price cuts across branded and M&S ranges
Ocado Retail has unveiled its sixth Big Price Drop since June 2023, giving customers price cuts across branded, own brand and M&S products.