All articles by Grace Bowden – Page 18
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News
Debenhams deadline for rescue bids looms
Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.
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Analysis
How Chinese giant Alibaba plans to take on Europe
Alibaba may be the world’s biggest retailer, but so far its efforts outside Asia have been lacklustre. But all that may be about to change. With a European distribution centre poised to open and an army of European influencers signed up, Alibaba is now firmly eyeing the West. Can it succeed?
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News
Fenwick full-year losses widen as pre-pandemic sales slide
Fenwick has suffered widening losses and falling sales in a what is described as an “extremely challenging” year, Retail Week can reveal.
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News
Gymshark surpasses £1bn valuation with fresh investment
UK sportswear brand Gymshark has secured unicorn status after a fresh fundraising round saw the company’s valuation pass £1bn.
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News
Mike Ashley’s Frasers Group bids for DW Sports
Mike Ashley has reportedly launched a bid for former rival Dave Whelan’s collapsed sports chain DW Sports.
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News
Tesco squares up to Amazon, lines up free delivery for premium members
Tesco boss Dave Lewis has said the grocer will add free delivery to its Clubcard Plus membership scheme in fightback against Amazon.
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News
Debenhams lines up Hilco amid liquidation contingency planning
Debenhams has appointed Hilco in the event that it does need to liquidate stock, but has stressed that this move is not imminent and would be a last resort.
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News
eBay pledges to absorb digital tax for sellers
eBay has told its sellers they will not bear the brunt of the new digital services tax and the online marketplace will pay any additional tax.
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Analysis
Four charts that show how shopper behaviour will change after the pandemic
Retail lockdown and the increased reliance on online retail has triggered a significant movement in how customers plan to shop in future.
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News
Lakeland unveils succession plan as founding family step down
Lakeland has restructured its operating board as its owners the Rayner family step down from day-to-day running of the business, Retail Week can reveal.
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Gallery
Store gallery: Holland & Barrett unveils new ‘accessible wellness’ format
Holland & Barrett has launched a new concept store in Chelmsford, Essex, that offers a range of products and services to educate shoppers on their wellness needs.
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News
John Lewis focuses on staff wellbeing in own-brand supplier shake-up
John Lewis has launched a supplier engagement initiative called ‘Better Jobs’ that will focus on the job satisfaction of employees at its own-brand supply base.
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Gallery
Store gallery: Inside Nike’s first European House of Innovation
Nike has unveiled its third House of Innovation store and the first in Europe, on Paris’ iconic Champs-Élysées. Retail Week spoke to Nike’s Cathy Sparks about the opening.
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News
Pets at Home reports ‘resilient’ first quarter as sales dip
Pets at Home has posted a fall in its first-quarter sales, which covered the period of lockdown, as boss Peter Pritchard hailed the business’ “inherent resilience”.
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News
Amazon profits double and sales surge in ‘highly unusual’ quarter
Amazon has doubled its income in its second quarter despite ploughing $4bn into Covid-19-related costs.
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Analysis
Analysis: Will mandatory face masks muzzle retail’s recovery?
Last Friday the government made face coverings mandatory for the public in all retail stores. Retail Week analyses what effect this will have on consumer confidence and economic recovery.
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News
Selfridges axes 450 roles as sales drop ‘significantly’
Selfridges will be cutting 14% of its headcount – around 450 jobs – in a move that managing director Ann Pitcher said was “the toughest decision we have ever had to take”.
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News
Consumer confidence holds steady despite mounting job losses
Consumer confidence held its position in July as shoppers’ trepidation about the economy was offset by increased optimism in their personal finances.
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News
Yoox Net-a-Porter and Armani launch new partnership
Luxury fashion etailer Yoox Net-a-Porter has tied up with Armani on a new initiative to innovate the designer’s distribution network.
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News
Huawei makes UK retail debut with launch of three stores
Huawei is ploughing £10m investment into the launch of three stores on UK high streets over the next year, creating 100 new jobs.