All articles by Ritika Bhoora – Page 18
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NewsThe Body Shop to shut 75 UK stores and cut more jobs
The Body Shop will shut a further 75 stores resulting in nearly 500 job losses over the coming weeks as administrators take measures to restructure the UK business.
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NewsHammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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NewsOcado loses remain despite sales rise
Pureplay grocery retailer Ocado has posted sales growth as its retail business returned to profit for the full year ending December 2023.
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AnalysisAs Halfords warns on profits, have the wheels fallen off the cycling market?
After sales at Halfords dramatically hit the skids, Retail Week looks at why the wheels have fallen off in the motoring and cycling retail category, and what brands are doing to turn things around
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AnalysisMeet the sports retail power brands of tomorrow
Fitness and sportswear brands hit the market every year but only a few stand out and have the potential to be the next big player. Retail Week highlights some of the brands aiming to break through in a category dominated by giants like Nike and Adidas
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NewsChancellor met Shein boss over potential London IPO
Chancellor Jeremy Hunt held talks with Shein boss Donald Tang to try to persuade the Chinese fast-fashion giant to float on the London Stock Exchange.
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NewsMiniso to open store at Westfield Stratford City
Chinese lifestyle retailer Miniso is set to open its first store in east London at Westfield Stratford City in March.
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NewsLululemon to relocate and upsize London flagship
Global athleisure and activewear retailer Lululemon will be relocating and upsizing its flagship store in Covent Garden, London.
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NewsFrasers strengthens board with four ‘high-calibre’ directors
Frasers has appointed four new executive directors to its board, reaffirming “the group’s confidence in its long-term growth and elevation strategy”.
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NewsReintroducing tax-free shopping would be ‘welcome relief’ for luxury sector
Reinstating tax-free shopping for tourists visiting the UK would be a welcome relief for the luxury sector, which is suffering from softer consumer demand, according to GlobalData.
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GallerySports Direct’s new outdoor sports concept store in Cardiff
Sports Direct has opened doors to a new outdoor sports concept store in its latest flagship in Cardiff, Wales.
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NewsSports Direct launches new outdoor sports flagship in Cardiff
Sports Direct has launched a new outdoor sports concept as it opens its fourth flagship store in Cardiff, Wales.
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NewsUK consumer confidence falls but optimism for year ahead remains
Consumer confidence took a dip in February as the UK entered recession, but the outlook for the next 12 months remains sturdy as consumers continue to spend despite the cost-of-living crisis.
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NewsTesco launches media partnership with Vauxhall Motors
Tesco has launched a new media partnership with Vauxhall Motors allowing the car manufacturer to advertise products through channels within the Tesco Media and Insight portfolio, including social, digital and connected TV, as well as in-store radio and Tesco magazine.
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NewsGymshark announces new premium athleisurewear range
Gymshark posted a rise in sales for the full year ending July 2023, which the retailer said was “underpinned by the relevance and quality of our product” and “the resonance of our brand”.
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NewsWHSmith and Holland & Barrett urge Body Shop employees to apply for jobs
Retailers including WHSmith and Holland & Barrett are offering roles to employees affected by store closures and redundancies announced by The Body Shop.
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NewsThe Body Shop UK store closures begin as administrators take charge
The Body Shop is set to close approximately half of its UK stores and cut 40% of head office jobs as administrators announced a plan to restructure the business in the country.
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NewsExclusive: Over 2,000 jobs at risk as The Body Shop’s European businesses left in limbo
The Body Shop’s businesses across continental Europe are in danger of collapsing, leaving the fate of thousands of jobs and hundreds of stores in multiple countries in the balance.
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NewsFarfetch to cut up to 30% of workforce as Coupang takes over
Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.
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NewsCurrys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.