All articles by George MacDonald – Page 18
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News
Morrisons’ Trevor Strain in frame for top M&S role
Morrisons’ departing chief operating officer Trevor Strain is a leading contender to take on an executive role at Marks & Spencer, Retail Week has learned.
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Analysis
Analysis: Next boss Wolfson on the cost-of-living crisis, sterling and trading
Fashion giant Next cut full-year expectations when it posted interim results today, flagging uncertain trading conditions as retailers confront a host of issues ranging from the soaring cost of living through to political and economic volatility.
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News
John Lewis unveils initiatives to ‘help customers spread Christmas costs’
Department store business John Lewis has detailed plans to enable customers to “manage Christmas costs as they suffer from the high cost of living”.
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Analysis
Analysis: What are the implications for retail as sterling takes a pounding?
The new government’s mini-budget last week proved to be anything but. Indeed, it was so dramatic that it has spooked financial markets and sent the pound to record lows against the dollar.
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News
Frasers makes mandatory offer for online player MySale
Frasers Group has made a mandatory offer for online fashion specialist MySale after the rebuffal of earlier interest.
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News
Boohoo cancels orders and Wilko delays payments amid tough trading conditions
Online fashion specialist Boohoo has cancelled orders and variety store group Wilko is delaying supplier payments as disrupted trading conditions take a toll.
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News
Aldi pledges to 'double down' on low prices as profits fall
Value grocer Aldi has vowed to deliver the lowest prices to shoppers after posting a slide in annual profits.
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News
Morrisons launches media business to capture brands’ advertising revenues
Morrisons has become the latest retailer to launch an advertising media business connecting brands to consumers.
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News
JD Sports rides out turmoil to post profits at top end of expectations
JD Sports has reported a fall in first-half profits, which nevertheless came in at the top end of management expectations after a period of upheaval.
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Opinion
‘As retailers call founders to the rescue, long-term success can’t depend on them’
Several retailers in recent weeks have hoped their founders and former leaders can turn their fortunes around – but strong businesses are not one-man shows, writes George MacDonald
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News
Marks & Spencer unveils £15m cost-of-living support for staff
Marks & Spencer has launched a £15m support package for employees to help them through the cost-of-living crunch.
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News
Mini-Budget expected to address cost of living next Friday
The government is expected to unveil a ‘mini-Budget’ a week today when new prime minister Liz Truss will reveal details of plans to confront the cost-of-living crunch.
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Data
Retail sales volumes slide as cost of living bites
Year on year retail sales rose by value but plunged by volume last month as the cost of living climbed, official figures reveal.
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News
Troubled Naked Wines parachutes founder Gormley in as adviser
Naked Wines has appointed founder Rowan Gormley, former chief executive and still a “material” shareholder, as a board adviser as it reviews its business.
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Analysis
Shrinking baskets and soaring costs: John Lewis pins hopes on a Christmas miracle
The John Lewis Partnership, like all of retail, faces yet another volatile and uncertain Christmas trading period.
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News
John Lewis, Primark, Aldi to shut stores all day for Queen’s funeral, others likely to follow
Leading retailers will close stores for the day on September 19 when Queen Elizabeth II’s funeral will be held
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Analysis
Retail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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News
John Lewis pivots to be ‘for all life’s moments’ with product, stores and positioning shift
John Lewis is to pitch itself as the go-to retailer “for all life’s moments”, relaunching its own brand, changing the way it merchandises and piloting new store formats to reflect its new focus.
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Gallery
In pictures: Great food halls from around the world
As Selfridges’ new owners formally take the keys to the legendary department store business, one of their priorities is to modernise the food hall at the Oxford Street flagship.
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News
Revolution Beauty share trading suspended as results delayed
Trading in shares of AIM-listed Revolution Beauty is to be suspended this week