All articles by Hugh Radojev – Page 14
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NewsFrasers Group offers Debenhams cash injection as Ashley demands meeting with chair
Frasers Group is reportedly looking to tighten its grip on Debenhams, formerly Boohoo Group, with an offer of a cash injection to the retailer, which is going through debt refinancing talks.
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GalleryPret’s new sit-down café format for customers ‘in a bit less of a rush’
Food to go giant Pret has launched a new shop format for customers “in a bit less of a rush”, offering a more spacious environment to enjoy made-to-order food and coffee
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NewsPoundland eyes rent cuts in bid to save on costs
Struggling value player Poundland is reportedly mulling plans to force through steep rent cuts on its properties in a bid to slash mounting costs.
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NewsJohn Lewis to shrink senior staff committee as part of turnaround strategy
The John Lewis Partnership is set to shrink its most senior staff committee down as it looks to press on with its ongoing turnaround efforts.
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NewsHigh streets at serious risk without government action on crime
Representatives from High Streets UK have set out a four-point policy proposal for the government on retail crime, warning that a failure to act will only worsen the issues facing the sector.
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NewsMorrisons poaches Asda exec to bolster senior team
Morrisons has appointed former Asda online trading director Emma Pacey as its new trading director for general merchandise.
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NewsJohn Lewis promises to restore staff bonus ‘as soon as possible’
John Lewis has promised to restore its famous staff bonus “as soon as possible”.
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AnalysisTjeerd Jegen: The globetrotting retail journeyman tasked with turning B&M around
Nearly two weeks ago, struggling value giant B&M announced it had appointed Tjeerd Jegen as its next chief executive.
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NewsAldi launches virtual work experience programme
Aldi has launched a virtual work experience programme designed to support young people explore a career in retail.
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NewsTrump pushes EU trade talks deadline as 50% tariff threat looms
The President of the United States Donald Trump has pushed back the deadline for EU-US tariff negotiations to July 9, having previously threatened to slap 50% mark ups on all European goods on June 1.
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NewsEU accuses Shein of being in ‘breach of law’ over fake discounting
Fake discounts, pressure selling and other practices on Shein are in breach of the law, the European Union has said.
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NewsFood inflation climbs as retailers struggle with increased costs
Food prices jumped for the fourth month in a row, as retailers are now faced with absorbing an additional £5bn in costs from last year’s controversial Budget.
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InterviewThe Works boss Gavin Peck on new strategies, cyber security and rising crime
On the day that The Works upped its profit guidance off the back of strong trading results, chief executive Gavin Peck spoke to Retail Week about turning the business around, cyber security, and dealing with rising incidents of crime.
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NewsHarvey Nichols to slash jobs as it axes its grocery offering
As part of a strategic reset, luxury department store Harvey Nichols is axing its grocery and hampers offer, putting 70 roles at risk.
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NewsTesco UK CEO steps down to ‘pursue other opportunities’
Tesco has today announced that UK chief executive Matthew Barnes has stepped down from his role to “pursue other opportunities”.
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NewsFlurry of UK trade deals improves consumer confidence
The UK’s recent flurry of trade deals and agreements with India, the US and the EU has upped customer confidence.
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NewsJD Sports profits slide due to slower than anticipated market
JD Sports has reported a drop in profits due to heavy promotions and slower than anticipated market growth.
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NewsMarks & Spencer in ‘best financial health for 30 years’ but cyber attack cost bites deep
While M&S reported its highest profits in over 15 years, it has also revealed the true cost of the cyber attack which continues to wreak havoc on the retailer.
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NewsCurrys upgrades profit guidance as board reinstates dividend
Electricals giant Currys has upgraded its full year profit expectations and its board has said its performance is good enough to warrant resuming the payment of cash dividends.
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AnalysisWhy things might be looking up again for Greggs and Topps Tiles
While not usually two businesses analysed together, updates from both food-to-go giant Greggs and the homewares retailer Topps Tiles point to possibly more optimistic times ahead for retail.