All News articles
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News
H&M profits plummet due to departure from Russia and rising costs
H&M has blamed its plummeting profits on “negative external factors” including one-time costs as a result of winding down trading in Russia, Belarus and Ukraine, as well as its cost and efficiency programme.
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Dreams hires first head of people as it adds to executive team
Dreams has appointed Shelly Dickinson and Emma Long as its new head of people and chief customer officer respectively.
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Costcutter owner Bestway Group takes £200m stake in Sainsbury’s
Bestway Group, which owns c-store chain Costcutter, has taken a £200m stake in Sainsbury’s.
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LVMH reports record year despite economic and geopolitical environment
LVMH achieved a record year in 2022 and remains confident for growth in 2023 despite economic and geopolitical challenges.
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Levi’s sales rise as direct-to-consumer gains momentum
Levi’s has reported a revenue boost for 2022 as its direct-to-consumer sales rise and demand for denim holds up.
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Superdry suffers deeper losses as wholesale takes a hit
Superdry has reported a fall in first-half profits and even though Christmas performance strengthened, has cut full-year expectations to breakeven.
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Bensons for Beds posts sales boost as Eve Sleep beds in
Bensons for Beds has reported a sales boost for the last quarter of 2022, driven by strong growth online.
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Store vacancies fall as retail boosted by tourism and office working
The number of unoccupied stores has dropped for the fifth consecutive quarter, according to vacancy rate figures from the BRC-LDC Vacancy Monitor.
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Morrisons profits come in at top end of guidance despite slump
Morrisons has reported a slump in full-year profits and sales but said adjusted EBITDA will come in at the top end of guidance in the third quarter.
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Poundland announces store transformation project
Poundland is embarking on the “biggest transformation of its store estate” yet, which will see 50 stores open, expand or relocate across the UK before the end of September 2023.
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Asda launches consultation with more than 4,000 staff on changes to roles and pay
Asda has begun a consultation with thousands of staff over changes to their jobs, which is likely to lead to the termination of hundreds of roles.
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The Cotswold Company strengthens leadership team with new executives
The Cotswold Company has announced key changes to its leadership team with three new senior hires.
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Sainsbury’s debuts overnight drive-thru serving up free hot food
Sainsbury’s is trialling its first-ever overnight drive-thru in a bid to cater for shift workers.
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John Lewis reveals top health and beauty trends for 2023
In a report that couples consumer behaviour and trends with expert opinion, John Lewis has predicted the 10 health and beauty trends set to take over 2023.
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Crew Clothing ends year of growth with ‘strong Christmas trading’
Crew Clothing has ended a year of consistent growth with a strong Christmas performance driven by customers returning to stores over the festive season.
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Retail footfall shows green shoots of post-pandemic recovery
Footfall increased across retail over the 12 months of 2022, slightly improving from pandemic figures.
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Primark boss: Time to change the narrative about online sales growth
The finance chief of Primark parent company ABF believes it is time to rethink accepted wisdom about online retail’s growth trajectory.
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Central Co-op to close three distribution hubs impacting 400 jobs
Central Co-op is gearing up to shutter three of its warehouses in Leicester as part of a reorganisation of its distribution operation.
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Boots launches ‘biggest ever savings’ to help customers with cost-of-living crisis
Boots is offering its biggest-ever savings on products this winter to help customers save during the cost-of-living crisis.
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THG appoints new finance boss as Gallemore switches roles
Online retailer THG has named a new chief financial officer as the previous postholder John Gallemore changes responsibilities.