All articles by Luke Tugby – Page 14
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News
John Lewis boss Wicks lays down gauntlet to M&S and Next with Anyday launch
John Lewis boss Pippa Wicks believes the retailer can wrestle sales from high street rivals Marks & Spencer and Next through the launch of its new entry-level brand Anyday.
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Opinion
‘Grocers like the Co-op should not be vilified for holding on to rates relief’
Before making this point, let’s be perfectly clear: I was among those who expected the Co-op to repay its business rates relief this week.
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News
Uniqlo owner Fast Retailing posts surge in profits amid China recovery
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
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News
Asos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.
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Gallery
First look: Frasers unveils vision for department store of the future
Frasers Group has lifted the lid on its first new department store since it acquired House of Fraser in 2018.
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News
Boots UK sales slide as parent Walgreens ups profit guidance
Boots has endured a slump in second-quarter sales as parent company Walgreens blamed the reintroduction of lockdown restrictions for the “set back” in its revenue recovery.
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News
Next raises 2022 forecast despite slump in profits during pandemic
Next has raised its profit guidance for the 2021/22 financial year despite a slump in earnings during the coronavirus crisis.
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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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News
End snapped up by Carlyle Group in £750m deal
Premium fashion retailer End has been snapped up by buyout giant The Carlyle Group in a deal valuing the business at more than £750m.
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News
More than 11,000 shops shut in 2020 as Covid hammers high streets
More than 11,000 shops closed their doors for good in the UK last year and another 18,000 could follow in 2021 as the coronavirus crisis hammers Britain’s high streets.
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News
Carrefour to buy Brazil’s Grupo Big from Walmart for €1.1bn
Carrefour has struck a deal to buy Brazil’s third-largest food retailer Grupo Big from Walmart for €1.1bn (£950m).
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News
Nike profits rise as China leads sales recovery
Nike has posted a jump in profits as booming sales in China offset tougher conditions in the US and Europe amid the coronavirus pandemic.
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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.
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Opinion
‘Thorntons’ plight lays bare risks of chasing revenue over relevance’
Britain’s high streets mourned the loss of another business this week. Thorntons became the latest name to shut up shop as the chocolatier said its 61 stores will not reopen when lockdown restrictions are lifted next month.
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News
ScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.
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News
Greggs tumbles into the red but hails ‘progressive recovery’ in sales
Greggs has swung to a full-year loss following a slump in sales during the coronavirus pandemic.
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News
Iceland launches Swift convenience format as Thorntons closes all 61 stores
Iceland has lifted the lid on plans to launch a new Swift convenience format as it bids to take a bigger slice of the lucrative food-to-go market.
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News
JD Sports ramps up spending spree with swoop on Poland’s MIG
JD Sports has snapped up a controlling stake in Polish sports fashion business Marketing Investment Group (MIG) as it continues its aggressive acquisition spree.
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News
JD.com profits soar as retail business booms during lockdowns
JD.com has posted a jump in full-year sales and profits as its retail division benefited from a spike in online shopping during the coronavirus crisis.
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Opinion
‘JLP and Morrisons’ green and community drives provide platform to rebuild’
One would be forgiven for thinking British business was on the brink of collapse amid some of the headlines this morning.