All articles by George MacDonald – Page 9
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News
Marks & Spencer invests in lower prices on 200 products in summer value push
Marks & Spencer has unveiled a new round of price investment as it seeks to “deliver trusted value” to customers.
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News
Morrisons unveils new round of summer price cuts
Morrisons has cut the prices of almost 50 popular products by an average of 25% as it seeks to bolster its appeal to hard-pressed shoppers.
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News
Wilko may pay no rent on some stores for three years in restructuring push
Turnaround plans being drawn up by variety store group Wilko, which may include a CVA, mean it may pay no rent on some stores for three years.
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News
John Lewis property chief to step down later this year
John Lewis property supremo Chris Harris has resigned after five years in the role.
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News
Currys launches strategic review of Greek business
Electricals retailer Currys has begun a strategic review of its Greek division, Kotsovolos, which could lead to a sale.
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Opinion
‘If a buyer wants to pounce on Asos, they might prefer to move sooner rather than later’
Asos was back in fashion with the City today as its shares climbed on the back of a trading update, providing welcome encouragement that chief executive José Antonio Ramos Calamonte’s turnaround efforts are working.
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News
N Brown sales dampened by poor spring weather
Fashion group N Brown has reported a fall in first-quarter sales following lacklustre early spring weather as consumer confidence remained fragile.
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News
Asos posts quarterly profit as turnaround strategy pays off
Online fashion giant Asos has hailed a return to profitability in its third quarter as evidence that its recovery plan is delivering.
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News
Asda and Sainsbury’s ordered to end ‘anti-competitive’ property restrictions
Asda and Sainsbury’s are removing restrictions on rivals operating on land they own following an intervention by the competition regulator.
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News
Former M&S food boss joins Farmison as chief executive
Online butcher Farmison, which was rescued from administration by ex-Asda boss Andy Clarke, has appointed former Marks & Spencer and Asda executive Andy Adcock as chief executive.
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Interview
Meet Naomi Simcock and the team determined to revive John Lewis’ fortunes
While John Lewis Partnership has been dominating headlines for big strategic reasons – such as the possibility of bringing external financing, a full-year slump into the red and the loss of the legendary partners’ bonus – there is still a business to run.
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News
EG Group refinances following Asda deal
Forecourts giant EG Group has reported “significant strategic progress on deleveraging and refinancing” following the sale of its UK and Ireland division to Asda.
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News
Frasers Group ups stake in Asos as takeover speculation swirls
Tycoon Mike Ashley’s Frasers Group has increased its stake in fashion pureplay Asos, which has been at the centre of takeover talk.
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News
Marks & Spencer launches beauty packaging takeback scheme in stores
Marks & Spencer has unveiled a beauty packaging return scheme to cut waste and boost recycling as part of its sustainability programme.
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News
John Lewis to source own-range sofa leather exclusively from Waitrose farms
Department store John Lewis is to exclusively use leather from farms that supply sister retailer Waitrose for its own-label sofas and chairs as the two retailers seek to better complement each other and operate sustainably.
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News
Marks & Spencer adds more brands online in footwear push
Marks & Spencer has bolstered its online roster of third-party brands as it seeks to gain ground in the footwear category.
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News
M&S freezes school uniform prices for third year as cost-of-living crunch persists
Marks & Spencer has frozen the price of its school uniform as shoppers continue to struggle with the high cost of living.
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Opinion
‘Government should forget food price caps and let shopkeepers shopkeep’
The latest government idea to combat the cost-of-living crisis is so outlandish that it might have been formulated on Neptune, the furthest planet from Earth, rather than in Downing Street
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Gallery
Store gallery: Marks & Spencer unveils ‘bigger, better’ branch in former Debenhams
Marks & Spencer has opened the doors of its latest full-line store, at the White Rose centre in Leeds – the city in which the business began as a market stall in 1884.
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Analysis
Machin at M&S one year in: ‘We are always positively dissatisfied’
“All new leadership teams need to arrive like a thunderclap whether they’re coming from inside or outside the business to create that new sense of direction, electricity, appetite for change,” said Marks & Spencer chair Archie Norman as the retailer unveiled full year results.