All articles by Hugh Radojev – Page 7
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NewsSuperdry boss targets up to 12 new format stores in the UK
On the day Superdry opened its first new format location in Nottingham, boss Julian Dunkerton told Retail Week he would like to open another dozen of the stores in the UK.
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NewsTemu accused of paying ‘negligible’ tax in the UK despite ‘enormous sales’
Temu’s UK arm has been accused of not paying corporation tax in the UK for two years despite enjoying “enormous sales” in the region, Retail Week can reveal.
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NewsDeliveroo CEO to step down after DoorDash deal completes
Deliveroo founder and chief executive Will Shu is set to leave the business, once the £2.9bn acquisition of the delivery firm is completed by DoorDash.
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NewsMorrisons marks eleventh consecutive quarter of growth
Morrisons has reported an uptick in group like-for-like sales and an eleventh straight quarter of growth, despite the “challenging” consumer environment.
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NewsMoonpig credits AI and product personalisation for ‘strong start to the year’
Online greetings card retailer Moonpig has credited its growing suite of AI services and product personalisation for its “strong” start to the financial year.
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NewsShein launches brand incubator Xcelerator in the UK
Fast fashion brand Shein has launched its global brand incubation programme Xcelerator in the UK.
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NewsPoundland pauses store closure programme
Poundland has announced that it has paused its store closure programme, following the implementation of its restructuring and recovery plan.
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NewsQuiz records double digit sales growth after restructuring
Scottish fashion brand Quiz has reported double digit sales growth in July and August, after completing what it called a “wide-reaching operational streamlining strategy” of the business.
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NewsFood inflation inches down but customers still cling to value
Food inflation dipped in August, but value remains at the forefront of customers’ minds as the UK headed back to school.
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NewsWhole Foods Market losses deepen as sales decline
Whole Foods Market has recorded deepening losses for its UK operations, as revenues took a sharp downturn.
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NewsOcado shares slide as Kroger takes ‘hard look’ at future of tie-up
Shares in pureplay grocer and technology firm Ocado dropped as markets opened on Friday, after major international partner Kroger said it would take a “hard look” at its automated warehouses.
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InterviewMessina Hembry CEO Zac Hembry: ‘There’s a lot broken behind the scenes of the fashion industry’
One-half of the entrepreneurial Hembry brothers Zac talks to Retail Week about how he built a vintage resale university side hustle into a £10m business, and what more needs to be done to fix fashion’s sustainability crisis
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NewsOcado Retail boss: ‘M&S products have been a really strong factor in our growth’
Ocado Retail boss Hannah Gibson has said that Marks & Spencer’s products have been a “really strong factor” in the joint venture’s 18-months of consistent growth.
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NewsGovernment hints at ‘fundamental change’ for business rates
The government has said it considers there to be a case for “fundamental change from a ‘slab’ to a ‘slice’ system” of business rates, in an interim report published today.
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NewsB&Q to cut over 650 roles to ‘simplify retail structure’
B&Q has placed more than 650 roles across its business into consultation as part of efforts to streamline its retail structures, Retail Week can reveal.
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NewsTHG profits dip after slow start to the year for beauty
THG profits dipped in the first half of the year, after slow beauty trading and increased costs dragged on performance.
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NewsJohn Lewis focuses on positive momentum despite deepening losses
Losses deepened at John Lewis in the first half, but the retailer is still confident of a strong end to the year.
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AnalysisPret boss gambles on back to the future plan to take on the supermarkets
After enduring a mixed few years post-Covid, today Pret plunged to a £553m loss after it booked a substantial write-down by its owner. Its boss has outlined plans to build the business back.
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NewsGeorge at Asda launches adaptive clothing line for adults
George at Asda will launch a new 28-piece adaptive clothing line for adults next week, created to honour the legacy of breast cancer campaigner Nicky Newman.
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NewsAugust bump rounds off ‘solid summer of sales’ for retail
Hot and sunny weather combined with an interest rate cut helped build a “solid summer of sales” for retailers in August, according to the latest data.