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Asda is restructuring its management teams as it adapts to “unprecedented change” in the grocery industry, Retail Week can reveal.
Read the Land Securities Retail A1 magazine as a fully digital edition.
Mothercare has halved its statutory loss before tax from £26.3m to £13.1m as it makes “good progress” with its turnaround.
Retail news round-up on May 21, 2015: John Lewis plans shop-in-shop, Which? reveals more details of grocery probe, Target sees 52% jump in Q1 profits
Marks & Spencer has reported its first profit rise in four years but posted disappointing results in fashion, blaming the warm autumn.
Marks & Spencer’s boss Marc Bolland believes it still has plenty to do as part of its turnaround, but said he is “enjoying” the challenge.
John Lewis’s online boss believes Black Friday could inflict “reputational damage” on retailers if they fail to learn lessons from last year’s event.
Britain has fallen into deflation for the first time in more than half a century, driven by falling fuel costs and the grocery price war.
As the first-quarter financial results roll in, America’s retail giants are once again split among winners and losers.
The Conservative government’s unexpected majority should enable them to put their promises into action across the retail sector.
Regardless of the results of the upcoming general election, it is vital for the retailers to work with the government to improve the sector.