All articles by Chloe Mills – Page 6
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NewsEE to invest £6m in UK store estate over next 12 months
Mobile phone provider EE has announced it will invest a total of £6m into its UK store estate over the next 12 months as part of its ongoing retail strategy.
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NewsUnder Armour ‘on track’ for full year despite sales dip
Sportswear retailer Under Armour has said it delivered better than expected profitability and remains “on track” for the full year, despite a decline in sales in its third quarter.
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NewsBarclays acquires Tesco Bank in £600m deal
Barclays has today confirmed it will acquire Tesco Bank in a £600m deal, which will see the bank take on the grocery giant’s 2,800 employees working across banking products.
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NewsPrimark pledges £75m investment in UK stores, creating 700 new jobs
Primark will invest a further £75m into its UK store estate this year, creating 700 new jobs at the fashion giant as it marks its 50th anniversary on British high streets.
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NewsPrimark unveils new US stores and warehouse as it ramps up expansion
Value fashion giant Primark has announced the opening of a new Florida-based distribution centre and four new stores in the US as it ramps up its international expansion.
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NewsExclusive: Asos and Boohoo turn to nearshoring as Red Sea crisis intensifies
Asos and Boohoo are relying on nearshoring their supply chains to navigate the ongoing challenges of attacks on container ships in the Red Sea.
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NewsTed Baker owner Authentic mulls CVA as it cuts ties with UK retail partner
Ted Baker owner Authentic is reportedly mulling a CVA of the fashion retailer following the announcement it has cut ties with AARC, the Dutch retail group running its stores and ecommerce business across the UK and Europe.
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AnalysisServing looks on aisle three: how is supermarket fashion performing?
Fashion-forward shoppers are hunting for value, but supermarket brands rarely come under the spotlight. As the grocers remain laser-focused on food, Retail Week asks whether their clothing ranges are thriving or just surviving
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NewsPolitical parties must commit to apprenticeship levy reform, says BRC
The British Retail Consortium (BRC) warned that a reform of the apprenticeship levy is “vital” for the future growth of the economy and has called on the UK’s political parties to commit to this in their manifestos ahead of the general election.
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NewsSuperdry boss Julian Dunkerton in talks for possible takeover bid
Superdry boss Julian Dunkerton is eyeing a takeover bid for the struggling fashion retailer and is in talks with “potential sources of finance” to help fund a cash offer.
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NewsMamas & Papas names former Asda exec as new CFO
Nursery and babycare retailer Mamas & Papas has named former Asda finance director Sarah Ashby as its new chief financial officer.
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AnalysisAs a potential CVA or deal to go private looms, what does the future hold for Superdry?
As speculation swirls around a potential CVA or a deal to take the business private, Retail Week explores what’s next for Superdry and whether a turnaround is really on the cards.
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NewsExclusive: Suit Direct eyes new store locations across the UK
Menswear fashion retailer Suit Direct is eyeing new UK locations as part of its expansion strategy in a bid to broaden its presence on the high street.
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NewsSecret Sales names new chief technology officer
Secret Sales has named Anthony Farrow as its new chief technology officer as part of the marketplace’s bid to narrow its focus amid its ongoing expansion strategy.
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NewsAsda auditor EY quits in latest blow to Issa brothers
Grocery giant Asda’s auditor EY reportedly resigned last year, despite the exit not being disclosed, in the latest blow to co-owners Mohsin and Zuber Issa.
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NewsTHG to axe HQ and warehouse jobs
Ecommerce giant THG is reportedly laying off 60 marketing and sales employees as well as around 100 warehouse staff across the group.
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NewsSuperdry mulls restructuring as profits and sales continue to tumble
Superdry is considering a restructuring that could involve a “significant number of store closures and job cuts”, following the fashion retailer’s profit warning last week.
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NewsJohn Lewis plans 11,000 job cuts as it slashes redundancy pay
John Lewis Partnership is reportedly considering cutting up to 11,000 jobs over the next five years in its latest bid to return to profitability.
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NewsExclusive: Matalan faces stock issues due to Red Sea shipping attacks
Fashion retailer Matalan is battling stock issues as a result of the attacks on container ships in the Red Sea, Retail Week can reveal.
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NewsFarfetch investors worried over ‘value destruction’ from Coupang takeover
A group of investors behind Farfetch are concerned over the “value destruction” as a result of Coupang’s acquisition of the global ecommerce giant and have appointed advisers to evaluate their options.