All City & finance articles – Page 13
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NewsTOFS stores and head office closed as Interpath begins winding business down
All remaining TOFS stores have been shut, its head office closed, and all remaining staff members have been made redundant, with administrators now in the process of winding the business down, Retail Week can confirm.
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NewsWaitrose to refurbish 30 stores as part of £1bn investment
Waitrose has announced plans to refurbish 30 of its existing stores this year as part of an ongoing, multi-year £1bn investment into its estate.
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NewsNext eyes up luxury handbag brand Radley
Fashion giant Next is weighing up a takeover of British handbag brand Radley, just months after it snapped up struggling footwear chain Russell & Bromley.
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NewsMothercare sales slip as uncertainty in Middle East takes its toll
Mothercare retail sales have fallen in the UK and Middle East markets due to uncertainty and impact of the Iran war.
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NewsB&M interim CFO steps down after less than five months in role
Value retailer B&M’s interim finance boss has quit the business less than five months into the role.
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AnalysisWill a two-week ceasefire lower the pressure on UK retail?
Overnight, the United States of America and Iran announced they had reached an agreement on a two-week ceasefire. Will a cessation of hostilities bring some much-needed relief to the sector?
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NewsMajestic Wine-owned Vagabond to open new London flagship
Majestic Wine-owned Vagabond has announced plans to open a new flagship wine bar in London’s West End this summer, as the brand continues to target “high profile, experience-led locations”.
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NewsDr Martens creates new leadership team to ‘accelerate strategic delivery’
Footwear specialist Dr Martens has unveiled a new executive leadership team and moved to a “market general manager structure” in a bid to “simplify [its] operating model”.
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NewsTopps Tiles to close stores in cost saving push
Specialist retailer Topps Tiles is to shut a tranche of shops is it responds to “softer” trading conditions.
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NewsRetailers brace as business rates costs soar to over £37bn
UK retailers are braced for a fresh cost increase, with nationwide business rates receipts set to rise over 10% from tomorrow to more than £37bn.
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NewsKingfisher appoints former Uber Eats Europe boss as non-executive director
The owner of B&Q and Screwfix said it was appointing Eve Henrikson to its board of directors, effective from September 1, 2026.
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NewsPets at Home sees volume growth over past six months
In a pre-close update, the retailer said it was still on course to post an underlying profit-before tax of £92m, in line with its previous guidance.
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NewsInvestment in AI will pay off in two years, say European retailers
The new study by Retail Economics and Voyado also claims that £3.7bn of UK spending in retail marketing and ecommerce will be in areas exposed to AI-driven disruption by 2030
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InterviewWho is Garage Clothing – and what are its plans for the UK?
Canadian label Garage Clothing landed on British soil this month, with the opening of its debut stores. CEO Andrew Lutfy spoke to Retail Week about how the brand is looking to shake up the UK retail scene.
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NewsDebenhams Group improves profitability following strategic pivot
Debenhams Group has posted a boost in profitability and said its pivot to a “stock-light, capital-light, highly profitable marketplace” is working.
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Chart of the WeekCharts of the Week: Retail sales, Next costs and consumer confidence
Three charts give us an idea of what to expect over the next few months as the impacts of the Iran war truly begin to take hold
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NewsAsda ‘edging forward’ with turnaround despite plummeting profits
Asda executive chairman Allan Leighton insists the grocery giant is “edging forward” in its Formula for Growth turnaround plan, despite profits dropping by a third and like-for-like sales dipping.
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DataChart: Consumers brace for price rises as appetite for major purchases drops
Consumer confidence was down two points in March, according to the GfK consumer confidence tracker, with appetite for major purchases dropping sharply
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AnalysisNext chief executive Lord Wolfson on the impact of war in the Middle East
Fashion bellwether Next posted an impressive set of results this week, with chief executive Lord Wolfson revealing not only a strong year recently ended but upgraded profit guidance for the year just begun – despite war fears and associated extra costs.
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AnalysisDoes Khoury-Haq’s resignation leave a listing Co-op in danger of sinking?
As Co-op group chief executive Shirine Khoury-Haq steps away, Retail Week analyses the timing of her announcement and the shape of the c-store specialist as she departs