All articles by Grace Bowden – Page 9
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News
Topshop Oxford Street flagship goes on sale for £420m
The sale of Topshop’s iconic Oxford Street flagship has kicked off, with a portion of the funds from the £420m sale allocated to Arcadia’s pension scheme.
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News
One in seven shops now empty as shopping centre vacancies spike
The number of retail vacancies increased across all shopping destinations and regions in the first quarter of 2021.
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News
WHSmith launches £325m fundraise to open 100 new travel stores
WHSmith has unveiled plans to launch a £325m fundraise as the retailer doubles down on the expansion of its challenged travel division.
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News
Shopping trips set to drive post-lockdown economic recovery
Britain is primed for “a sharp snap back” in consumer spending as lockdown eases driven by a desire to return to bricks-and-mortar retail.
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Analysis
Life after Covid: John Lewis, Asda and Ikea on retail’s post-pandemic priorities
From a renewed focus on price to a more flexible workforce and changing approaches to online, stores and supply chain, Retail Week looks at what’s top of the to-do list for retailers.
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News
W Galen Weston, retail tycoon behind Primark and Selfridges, dies at 80
The UK-born retail entrepreneur and philanthropist W Galen Weston, whose empire spanned food, retail and real estate, has died at the age of 80.
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News
Tesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
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News
JD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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Gallery
In pictures: Primark, JD Sports and John Lewis lure back shoppers for reopening
As non-essential retail reopens its doors in England on April 12, Retail Week visits key shopping locations to gauge retail offers and shopper appetite.
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Interview
Interview: Feelunique boss on its restless drive to be a ‘destination for beauty’
Feelunique chief executive Sarah Miles tells Retail Week why she believes the business will “be a real destination for beauty” post-pandemic, despite competing in an increasingly crowded online market
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News
Peacocks bought out of administration, 2,000 jobs saved
Peacocks has been bought out of administration by a consortium of investors led by Edinburgh Woollen Mill’s chief operating officer Steve Simpson.
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News
Amazon found to have illegally fired climate activist workers
US labour officials have found that Amazon “illegally retaliated” against two former employees who were fired after speaking out about the firm’s environmental practices and warehouse safety.
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News
Almost 190,000 UK retail jobs lost since first lockdown
Nearly 190,000 retail jobs have been lost in the year since the UK entered its first lockdown, with administrations and cost-cutting programmes driving redundancies.
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News
Retail gets green light as Johnson confirms April 12 reopening plan
Boris Johnson has confirmed that non-essential retailers can open their doors on April 12 as planned.
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Analysis
Deep dive: How much Amazon and Walmart are investing – and should you follow suit?
As retailers ramp up for the new normal, how are titans Inditex, Tesco, Walmart, Amazon and Walgreens investing?
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Analysis
China boycotts H&M: Will Western brands have to choose between ethics and profits?
Tensions between China and the West reached boiling point last week as several countries, including the UK, imposed sanctions over human rights abuses against Uighur Muslims and retail found itself caught in the crossfire.
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News
Retail sales fall in February as online takes record share of spend
Retail sales registered a year-on-year decline in February as strong grocery sales failed to offset a 50% drop in fashion sales.
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News
B&M poaches The Range digital boss as it ponders online launch
B&M has poached The Range’s chief digital and omnichannel officer Jens Sorensen as it gears up for a push into ecommerce.
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Analysis
Can John Lewis make a small-format department store work?
The retailer has announced plans to introduce a new store format, but is it what the UK high street really needs?
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Analysis
Analysis: Who will succeed Roger Burnley at Asda?
Following weeks of intense speculation, Asda chief executive Roger Burnley has confirmed he will be stepping down next year.