All articles by Grace Bowden – Page 5
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News
Boots owner Walgreens kicks off sale amid fresh approaches
Walgreens Boots Alliance is understood to have launched the sales process for Boots, which could be valued as highly as £7bn.
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News
Asda pauses search for chief executive successor
Asda has temporarily halted its search for a new boss to succeed Roger Burnley, with co-owner Mohsin Issa understood to be overseeing day-to-day operations in the interim.
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Analysis
Deep dive: Can retail make the four-day week work?
With a range of companies sticking to a four-day week after a successful nationwide trial, what would it take to make it work for retail?
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News
Boohoo kicks off production at first owned Leicester factory
Boohoo has started production at its new 23,000 sq ft factory on Thurmaston Lane in Leicester, which boss John Lyttle says “reinforces” the fast fashion etailer’s commitment to the city, and UK manufacturing.
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News
Pets at Home Christmas sales climb as it heads for ‘record year’
Pets at Home sales increased across all its divisions across the golden quarter, as CEO Peter Pritchard says the retailer is “firmly on track” for a year of record sales and profit growth.
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News
In The Style and Burberry deliver festive sale upticks
Luxury fashion operator Burberry has delivered a rise in festive sales driven by full-price demand, while value etail operator In The Style has relied on discounting to bolster sales of delayed ranges over the Christmas period.
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News
WHSmith Christmas sales slide as retailer eyes travel sales resurgence
WHSmith has recorded a fall in sales over the Christmas trading period but has stressed it does not expect the Omnicron variant to derail its travel sales recovery.
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News
Exclusive: The Body Shop poaches Estée Lauder executive to helm UK
The Body Shop has appointed Estée Lauder’s Maddie Smith as its UK boss and further bolstered its top team with a new executive role for its current UK managing director Linda Campbell.
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News
Asos festive sales increase despite ‘challenging’ market conditions
Asos has posted an uplift in Christmas sales across the UK and US, but interim boss Mat Dunn flagged that supply chain issues drove “heightened clearance activity” over the festive period.
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News
Tesco upgrades profit guidance as festive sales rise
Tesco has reported an uplift in sales over the Christmas period as its share of customer grocery spend online and in store hit a four-year high.
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News
M&S Christmas sales climb amid ‘robust’ clothing and home demand
Marks & Spencer boss Steve Rowe has hailed a “strong” uplift in Christmas sales across all divisions as the retailer’s clothing and home sales increased for the second successive quarter.
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News
New Selfridges owners plan to add hotel and apartments to Oxford Street flagship
Selfridges’ new Thai and Austrian joint owners are planning a revamp of its Oxford Street flagship that would include an upmarket hotel and food hall.
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News
Ikea blames price hikes on Covid supply pressure
Ikea has raised prices on some of its key product lines by as much as 50% as it warns that cost pressures triggered by Covid-19 have impacted its supply chain.
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News
Online shopping drives 2021 consumer spending above pre-pandemic levels
A surge in online shopping, pet ownership and streaming subscriptions saw consumer spending in 2021 surpass 2019 levels.
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News
Retailers pile pressure on Visa and Mastercard fees in legal battle
A group of retail brands including Superdry and AllSaints are seeking compensation from Visa and Mastercard over historic transaction fees.
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News
JD Sports set to concede defeat in Footasylum takeover battle
JD Sports is on the cusp of relinquishing ownership of Footasylum following a protracted battle with the Competition Markets Authority (CMA) regarding the takeover.
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News
Jysk sales surge as homewares boom drives further store expansion
Danish furniture and home furnishings chain Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
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News
Cyber attack hits over 300 Spar shops and drives closures
More than 300 Spar branches across the north of England have been struck by a cyber attack that has left them unable to receive credit card payments or use email since Sunday.
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News
Tesco set for disruption at majority of warehouses as staff back strike action
Workers across a further nine Tesco distribution centres have voted to strike the week before Christmas alongside staff at Antrim, Belfast, Didcot and Doncaster.
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News
Halfords acquires automotive service business National in £62m deal
Halfords has snapped up automotive service and repair chain National in a deal that boss Graham Stapleton says “cements” the chain as the UK’s largest vehicle repair business.