All Retail Week articles in 17-23 August 2019 – Page 2
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OpinionDoes Farfetch have to spend so much to make money?
When Farfetch made its $6bn debut on the New York Stock Exchange last September, the online marketplace was unlikely to predict it would face legal action from disgruntled investors less than a year later.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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NewsGlobal Fashion Group sales rise and losses narrow
Global Fashion Group posted rising sales during its first half following the recent IPO.
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NewsOverseas investors eye Morrisons and others due to weak pound
Stable retail businesses such as Morrisons are being eyed by overseas investors due to a drop in the price of sterling driven by ongoing uncertainty around Brexit, according to analysts.
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NewsTK Maxx owner quarterly sales and profits climb
TK Maxx’s parent company TJX has posted an uplift in second-quarter sales and income despite a decline in profit margin.
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News‘For sale’ sign raised over toy retailer Hawkin’s Bazaar
Toys and gadgets specialist Hawkin’s Bazaar has been put up for sale and offers are being sought for all or parts of the retailer.
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NewsOffice earmarks 15 loss-making stores for closure
Office is mulling the closure of 15 stores in the UK over the next two years as part of a wider turnaround strategy from parent company Truworths.
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InterviewHow returning AO.com boss John Roberts is shaking up the sector
After returning to lead AO.com after a two-year hiatus, founder and chief executive John Roberts is expanding the etailer’s ecosystem, learning from its past mistakes and combating the “pain in the arse” of Brexit.
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AnalysisAnalysis: Should you treat your store manager like a CEO?
Retailers such as M&S and Travis Perkins are giving more responsibility to their store managers. Retail Week finds out why and looks into what decisions store managers should make.
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NewsThree-quarters of retail bosses say more sustainability rules needed
Executives at leading fashion and retail companies say “more regulation will be needed” to deliver change around sustainability issues, a poll by Odgers Berndtson has revealed.
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NewsTesco boss promises ban on brands that use ‘excessive’ plastic
Tesco boss Dave Lewis has said the grocer will step up efforts to cut down on single-use plastics by adding measures that would include banning brands that use “excessive” plastic packaging from its shelves.
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NewsLaura Ashley slips into the red after homeware arm underperforms
Laura Ashley has reported a full-year pre-tax loss and seen like-for-like and total sales fall, which the retailer’s chair put down to the underperformance of its homeware arm.
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NewsFire brigade called to fire at Ocado’s Erith warehouse
Ocado has said firefighters attended a fire at its customer fulfilment centre in Erith overnight, marking the second time a depot has suffered a blaze this year.
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NewsLaura Ashley to open ‘very different’ flagship at Westfield London
Laura Ashley told Retail Week it will open a flagship store with a “fresh look” in November, following its preliminary results today.
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NewsMulberry poaches longstanding Ted Baker finance director
Mulberry has appointed longstanding Ted Baker director as its new group finance director.
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NewsOnline sales growth slumps to ‘lowest ever’ July level
Online sales rose 4.4% year on year in July, a low for the month that dented hopes of an upturn.
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AnalysisAnalysis: Has another fire put Ocado in hot water?
After the second fire at an Ocado fulfilment centre in the space of eight months, Retail Week looks at whether the grocery pioneer has a systemic problem on its hands, or if it has simply been unlucky.
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VideoWatch: Is Asos' supplier squeeze a sign of desperation?
Following profit warnings earlier in the year and asking suppliers for discounts this week, Asos is under scrutiny. The team debate if boss Nick Beighton can get the etailer back on track.
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