All articles by Grace Bowden – Page 16
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Gallery
Store gallery: Adidas unveils new London-centric flagship
Adidas has opened its new London flagship store, which is full of artwork commissioned by local artists and nods to the brand’s heritage.
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News
Poundland acquires Fultons Foods, ploughs £25m into grocery offer
Poundland has snapped up frozen food retailer Fulton Foods for an undisclosed sum and plans to invest £25m into its grocery offering over the next two years.
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News
Very Group set up for ‘very strong’ Christmas, says boss Birch
The Very Group’s chief executive Henry Birch says the combination of the etailer’s credit offering and fulfilment capabilities set it up for bumper Christmas trading.
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News
Frasers Group wins shareholder approval for £100m staff bonus scheme
Frasers Group has won approval from its shareholders to launch its first staff incentive programme since 2017.
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News
Sosandar interim sales jump despite ‘challenging’ environment
Sosandar has recorded a surge in sales at the half-year mark as the brand snaps up “significant market share” from its fashion rivals.
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News
Tesco poaches Tate & Lyle CFO as half-year profits and sales climb
Tesco has snapped up Tate & Lyle finance chief Imran Nawaz and reported a strong uplift in interim profits driven by shoppers flocking online during the pandemic and choosing to stock up with bigger shops less often.
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News
Ikea boss bets on store resurgence despite full-year sales dip
Ikea has reported a decline in full-year sales but group boss Jesper Brodin hailed the home and DIY retailer’s resilience and adaptability during the pandemic.
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News
Ann Summers CVA ‘likely’ as landlord talks stall
Ann Summers has kicked off talks with the British Property Federation (BPF) that will likely lead to the launch of a CVA after failing to negotiate better rental terms with some landlords.
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News
Kingfisher offloads Russian Castorama chain for £73m
Kingfisher has sold its Castorama division in Russia to domestic chain Maxidom in a £73m deal.
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News
Google and Pinterest up the ante to drive festive sales online
Google and Pinterest have launched respective innovations on their platforms in a bid to drive retail sales online during the Golden Quarter.
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News
Halfords raises profit expectations as sales surge
Halfords has upped its profit expectations for the half-year mark but stresses that economic uncertainty may hamper its second-half performance.
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News
The Hut Group snaps up Perricone MD in $60m deal
The Hut Group has bolstered its beauty portfolio with the acquisition of luxury skincare brand Perricone MD.
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News
The Very Group appoints new chief data officer
The Very Group has appointed Steve Pimblett for its newly created role of chief data officer.
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News
Amazon set to launch Prime Day next month
Amazon has confirmed that its annual sales event Prime Day will launch next month after being delayed earlier this year due to the coronavirus pandemic.
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News
Pets at Home raises full-year expectations as sales climb
Pets at Home has said that sustained strong sales growth in its current financial year mean that it now expects profits to exceed market expectations despite wider economic uncertainty.
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News
Indian giant Reliance Retail mulls Debenhams bid
Reliance Retail, which is owned by India’s richest man Mukesh Ambani, is reportedly considering a bid for part or all of Debenhams.
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News
Tesco’s Dave Lewis calls for post-Covid crackdown on food waste
Tesco’s departing chief executive Dave Lewis has called on companies and countries to tackle food waste, which currently counts for 8% of global greenhouse gas emissions.
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News
DFS swings to loss as sales slump in ‘disappointing’ year
DFS has fallen into the red in its preliminary results as sale declined, but boss Tim Stacey has stressed that the retailer’s performance has improved since stores reopened.
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News
John Lewis boss Wicks: Christmas trading to be ‘as good or better’ than last year
John Lewis’ new boss Pippa Wicks believes the department store will be able to match or surpass last year’s festive sales performance despite ongoing disruption sparked by the coronavirus.
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Analysis
Profile: Amazon’s new UK boss Boumphrey – not your average Amazonian
Amazon has named its EU fashion chief John Boumphrey as its new UK boss – and it is far from the first time that the long-standing Amazon executive has turned his hand to something new.