All News articles
Most recent first.
-
NewsAsda faces mass exodus as top team seek new roles
Asda chief financial officer Rob McWilliam has stepped down from his role, as a number of Asda’s senior staff prepare to quit after receiving their final payouts from the Walmart share scheme.
-
News
Ocado invests in autonomous vehicle software company
Commencing a multi-year partnership, which will see the two companies work together to create a new vehicle fleet, Ocado has invested in autonomous vehicle company Oxbotica.
-
News
The Hut’s Matt Moulding on why donating £100m from IPO is just ‘good karma’
After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
-
News
Deliveroo hails strong performance in first update as listed business
Deliveroo has hailed a strong quarter with orders and gross transaction value across its platform both up in its first quarter as a listed company.
-
News
Naked Wines exceeds sales guidance as it seizes US opportunities
Pureplay wine specialist Naked Wines has hailed its performance over the last financial year, reporting it has exceeded sales guidance driven in particular by its US market.
-
News
AO hails ‘outstanding progress’ as sales and profits soar
AO.com has reported strong sales and expects profits for the year to be in line with market consensus after capitalising on “ the challenges and opportunities” presented by the pandemic.
-
News
The Hut Group slips to full-year loss due to multiple ‘non-recurring’ costs
The Hut Group has incurred an operating loss for the last financial year due to a series of “non-recurring, non-cash events”, most notably linked to its IPO during the period.
-
News
Asda to restructure in-store bakeries putting 1,200 jobs at risk
Grocery chain Asda is set to axe as many as 1,200 jobs as it looks to shake up in-store bakeries across its 341 UK supermarkets.
-
News
W Galen Weston, retail tycoon behind Primark and Selfridges, dies at 80
The UK-born retail entrepreneur and philanthropist W Galen Weston, whose empire spanned food, retail and real estate, has died at the age of 80.
-
News
Tesco full-year sales climb, profits dampened by rates relief return
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
-
News
John Lewis hires financial services chief as it seeks to extend reach
John Lewis Partnership has appointed a director of financial services as it seeks to push into that market to complement its retail operations.
-
News
JD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
-
News
Boohoo buys London office as base for 600 staff
Fashion etailer Boohoo has acquired office premises in central London that will provide a base for 600 people.
-
News
JD Sports beats ‘unprecedented challenges’ to retain profitability
JD Sports has “retained substantially all of its record profitability” despite facing “unprecedented challenges” over the past year.
-
News
Sainsbury’s strikes new deals with Deliveroo and Uber Eats
Sainsbury’s has signed a two-year deal with delivery specialist Deliveroo to extend a trial to 100 stores and another with Uber Eats covering a further 78 stores.
-
News
Grocery powers retail sales rise in March
Retail sales climbed in March, but many categories remained in decline as grocery powered the increase.
-
News
Alibaba hit with record £2bn fine for breaching competition rules
Chinese ecommerce giant Alibaba has been hit with an Y18.3bn (£2bn) fine after an investigation ruled that it had abused its market position.
-
News
Homebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
-
News
John Lewis unveils ‘most affordable range ever’ in time for stores reopening
Department store group John Lewis has launched an own brand promising “quality and style at everyday prices” that will be in stores from Monday when ‘non-essential’ retailers reopen.
-
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.
