All articles by Grace Bowden – Page 19
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M&S, Ted Baker and Harvey Nichols brace for job cuts
Marks & Spencer is understood to be making hundreds of job cuts this week as fellow fashion operators Ted Baker and Harvey Nichols also brace for redundancies.
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Asos and Next call for government action on UK worker exploitation
Fashion retailers including M&S and Missguided, alongside 50 MPs, have written to the Home Secretary urging that action be taken to address exploitation in the UK fashion supply chain.
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Bensons bolsters tops team as it prepares to streamline store estate
Bensons for Beds has appointed a new chairman and strengthened its executive team in a bid to drive the business’ profitable growth.
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TOFS snaps up former Topps Tiles chief in board reshuffle
The Original Factory Shop has appointed recent Topps Tiles boss Matt Williams as its executive chairman as chief executive Emma Fox exits for a new role.
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Halfords to shut up to 60 stores despite surge in bike sales
Halfords has earmarked 60 of its stores for closures, accelerating its rate of planned closures following the coronavirus pandemic.
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DFS swings to full-year loss but registers strong reopening demand
DFS has slumped to a full-year loss exacerbated by declining sales following the coronavirus lockdown, but has said that customer demand since reopening has been high.
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Wilko bolsters board with new finance boss
Wilko has appointed former Specsavers finance director Karen Mackay as its new chief financial officer, Retail Week can reveal.
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Gymshark circled by private equity as it eyes £1bn valuation
A flurry of investment firms is vying to snap up a minority stake in workout clothing brand Gymshark.
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Boots axes 4,000 jobs as coronavirus triggers business restructure
Boots is cutting 4,000 roles across its business in the wake of a dramatic fall in sales during the Covid-19 pandemic.
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John Lewis to shutter eight stores, 1,300 jobs at risk
John Lewis & Partners has confirmed that it will permanently close eight of its shops, including two of its full-size department stores.
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H&M to shut 170 stores globally this year
H&M will close 170 stores across its stable of brands by the end of this year in reaction to the coronavirus pandemic and its knock-on effect of fashion sales.
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JD Sports boss says retail CVAs will ‘accelerate’ post-coronavirus
JD Sports executive chair Peter Cowgill has said the rate of retail pre-pack administrations and company voluntary arrangements (CVAS) will pick up in the wake of the pandemic.
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Asos, Next and Zalando cull Boohoo brands amid slavery allegations
Asos, Next and Zalando have pulled Boohoo products from their websites following allegations of modern slavery at a warehouse in Leicester, Retail Week can reveal.
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River Island to cut 250 head office jobs as coronavirus costs bite
River Island is axing 250 head office roles in a bid to reduce costs following the fall in sales triggered by the coronavirus pandemic and subsequently reduced footfall.
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Amazon could push back Prime Day due to coronavirus
Amazon is delaying Prime Day until October due to pressure on its supply chain network triggered by the ongoing coronavirus pandemic, according to reports.
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Consumer confidence inches up despite economic uncertainty
Consumer confidence has risen in the two weeks since non-essential shops reopened despite ongoing disruption due to the pandemic.
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John Lewis chair White warns staff of store closures and job cuts
John Lewis chair Dame Sharon White has told staff that job cuts and store closures are imminent as the business embarks on a post-coronavirus cost-cutting drive.
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Kingfisher bolsters board with Holland & Barrett boss
Kingfisher has appointed Holland & Barrett chief executive Tony Buffin as a non-executive director.
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Sainsbury’s first-quarter sales climb as digital revenue more than doubles
Sainsbury’s has posted a rise in its first-quarter sales spurred by strong online growth as new boss Simon Roberts says the grocery business has “changed fundamentally”.
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Boots parent deepens Microsoft partnership in personalisation push
Walgreens Boots Alliance (WBA) will be using its technology tie-up with Microsoft and Adobe to drive the level of personalisation it offers in the next phase of its digital transformation.