All articles by George MacDonald – Page 2
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NewsNext boss Wolfson warns of ‘crisis is in youth unemployment’
Next chief executive Lord Simon Wolfson has signalled alarm over a “dramatic fall” in entry-level job opportunities.
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NewsKingfisher posts ‘resilient’ start to financial year
DIY group Kingfisher has reported market share gains during its first quarter, in what it described as a soft market.
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NewsPrice rises warning as shop inflation edges up
Shop prices rose during May, prompting fears of more increases to come as retailers’ costs climb.
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NewsTesco’s Dunnhumby names new chief executive
Dunnhumby, the customer data science business owned by Tesco, has appointed a new chief executive to steer it into “the next phase of growth”.
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NewsMake work experience mandatory for young people, argues Amazon UK boss
Amazon UK boss John Boumphrey has proposed obligatory work experience for young people, who he said should not be blamed for suffering high levels of joblessness.
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Opinion‘Forget about price caps. Retailers are already doing their bit for consumers’
Continually hammering retailers financially isn’t just bad for them; it will ultimately undermine wider government ambitions, too, says George MacDonald
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NewsThe Works expects profits to beat expectations following ‘outperformance’
Books, arts and crafts, and toys retailer The Works has reported that full-year profits will be higher than anticipated as its growth strategy bears fruit.
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NewsGovernment to cut food import tariffs as grocery price cap proposal abandoned
Chancellor Rachel Reeves intends to reduce tariffs on a range of imported food as she attempts to lighten the cost of living for consumers.
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AnalysisM&S boss Machin on ‘preposterous’ price cap proposal, Middle East impact and coming back from cyber attack
Despite disruption from cybercrime and now conflict in the Middle East, Marks & Spencer chief executive Stuart Machin believes the business has “come out stronger” as he posted full-year results
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Opinion‘In these troubling times, retail shouldn’t forget Jewish people’s great contribution to the industry’
Some of British retail’s greatest names were founded by Jewish entrepreneurs. As antisemitism rises, paying tribute to their achievements matters, believes George MacDonald
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NewsTGJones owner details restructuring proposals putting stores and jobs at risk
Modella, the owner of TGJones, has launched a restructuring plan involving the shuttering of up to 150 branches and hundreds of job losses.
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AnalysisFrom AI to attitude – how Thierry Garnier changed Kingfisher
Kingfisher chief executive Thierry Garnier is leaving the home improvement powerhouse. Big changes have been made at the business since he arrived with his retail toolkit.
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AnalysisExplainer: GameStop’s eBay takeover offer – and why it may not be a goer
Disclosing a surprise bid for eBay, GameStop said the marketplace could be “a legit competitor to Amazon”. But there are big questions about the likelihood of a deal.
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NewsTGJones closes in on debt refinancing deal
TGJones, the rebranded WHSmith high street business, is nearing a refinancing of debt facilities, it is understood.
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NewsGameStop launches $56bn takeover bid for eBay
US games specialist GameStop has unveiled an offer for ecommerce giant eBay.
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NewsClaire’s to return to UK high streets from next month
Accessories and jewellery specialist Claire’s is anticipated to reopen on UK high streets from next month.
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Opinion‘As retailers find life a slog, roll on the World Cup’
Industry data doesn’t make pretty reading. Retailers must take opportunities where they can and make their own luck, says George MacDonald
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AnalysisWhy Frasers is making a play in outlet centres
The retailer aims to succeed by being both landlord and store operator in outlet centres, the best of which have proved to be resilient and successful destinations
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GalleryStore gallery: Hamleys opens Star Wars and Marvel fan zone
Famous toy specialist Hamleys has unveiled dedicated areas in its Regent Street flagship for devotees of the Star Wars films and Marvel superheroes.
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NewsJohn Lewis and Brent Cross owner in court clash over click-and-collect
The owner of Brent Cross is suing department store business John Lewis for a share of online sales from the London shopping centre branch.