All articles by Hugh Radojev – Page 8
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NewsEG Group sale of UK business to Asda eases debt burden
EG Group said the sale of its UK operations to Asda brought its total debt repayments in 2023 to $4bn, “significantly reducing the group’s net leverage.”
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NewsDeliveroo teams up with Screwfix for DIY rapid delivery
Deliveroo has made a significant foray into non-food categories with the launch of ‘Deliveroo Shopping’.
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NewsAmazon opens first ‘Second Chance’ charity store
Retail giant Amazon has opened its first Second Chance Store in central London, offering customers a range of “quality returned products”.
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NewsWilko chair blames retailer’s collapse on Truss mini-budget
Former Wilko chair Lisa Wilkinson has laid out the issues that led to the collapse of the retailer, including pointing to former prime minister Liz Truss’ mini-budget for driving up interest rates.
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NewsBusiness rates and wage hike could send inflation soaring, warns BRC
The British Retail Consortium has warned that inflation could rocket again next year, as retailers face soaring business rates bills and the rising national living wage.
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NewsDecathlon buys German pureplay sportswear brand Bergfreunde
Sportswear giant Decathlon has announced the acquisition of German pureplay mountain sports, climbing gear and outdoor equipment specialist Bergfreunde.
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NewsBoost in sales of toys and electricals as Black Friday footfall soars
Retailers have reported customers flocking for deals on toys and electricals ahead of Christmas as Black Friday footfall numbers surged across much of the country.
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NewsBoots owner offloads £4.8bn pension scheme
Boots has agreed to transfer £4.8bn of pension obligations to insurer Legal & General in a deal that potentially paves the way for a sale by owner Walgreens Boots Alliance.
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NewsMore shoppers targeting Black Friday deals for Christmas shopping
More than four times the number of shoppers plan to do the majority of their Christmas shopping this Black Friday weekend this year compared to 2022.
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GalleryStore gallery: Asos’ first ‘In Real Life’ physical store
Pureplay fashion giant Asos is due to make its first-ever foray into physical retail, opening its four-storey, central London pop-up to coincide with Black Friday weekend.
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AnalysisRetail blasts autumn statement that ‘puts final nail in coffin for high street’
Despite chancellor Jeremy Hunt hailing the autumn statement as the “biggest business tax cut in modern British history,” the response from the retail sector has been uncharacteristically direct.
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NewsDeliveroo not bound by law to engage with unions
Deliveroo cannot be legally compelled to engage with a union representing its riders for collective bargaining, Supreme Court judges have ruled.
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NewsGovernment increases minimum wage to £11.44 per hour
The government has said it will increase the minimum wage to £11.44 per hour from April next year.
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NewsKingfisher issues profit warning as French market struggles
DIY giant Kingfisher has lowered its full-year profit guidance, saying that market trends in France have been “weaker than expected”.
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NewsExclusive: Fenwick rules out lease on former House of Fraser store after talks fall through
Department store chain Fenwick has walked away after talks to take on the former House of Fraser store in Guildford, Surrey fell through.
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GalleryIn pictures: Fragrance Shop showcases UK’s first ever ‘AI creation machine’
The Fragrance Shop has opened a new Oxford Street flagship, featuring the UK’s first-ever AI fragrance creation machine.
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NewsRetail reliant on strong Black Friday after slow start to festive season
The retail sector is pinning its hopes on strong performance over the Black Friday weekend after a disappointing start to the festive trading season in terms of ecommerce performance.
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AnalysisWhat next for Hotel Chocolat after its sweet £534m deal with Mars?
Hotel Chocolat founder Angus Thirlwell says the surprise deal with Mars represents a “meeting of minds”, but after a torrid year what will the acquisition mean for the retailer?
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NewsBurberry warns on profits as global demand for luxury slows
Burberry has warned that the global slowdown on demand for luxury is having an impact on current trading and will affect its profit guidance for the full year if it continues.
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NewsHotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.