All News articles – Page 10
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NewsDreams sold to Tempur Sealy in £340m deal
Bed specialists Dreams is set to be acquired by mattress and bedding manufacturer Tempur Sealy for £340m.
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Pets at Home profits rise as it eyes ‘strong momentum’ post-pandemic
Pets at Home has racked up an increase in sales and profits in what it dubbed “an extraordinary year” for the business.
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Amazon acquires iconic Hollywood studio MGM for $8.45bn
Amazon has struck a deal to buy Hollywood institution MGM Studios as the tech titan expands its entertainment streaming business.
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Exclusive: Tesco wades into on-demand grocery war with one-hour Whoosh service
Tesco has launched a new rapid delivery service as it lays down the gauntlet to on-demand grocery rivals like Deliveroo.
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Marks & Spencer tumbles to full-year loss as it seeks to reshape business
Marks & Spencer has swung to a loss for the year, as it works to make good on the “Never the Same Again” promise.
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Incidents of violent retail crime soar as industry calls on government to act
Incidents of violent crime against retail staff were on the rise even before the pandemic, as the BRC calls on Westminster to follow Scotland’s lead and legislate against it.
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Wilko profits tumble as sales fall in year of ‘difficult trading’
Wilko has reported a sharp fall in full year pre-tax profits and a decline in sales, citing the challenging retail landscape as the reason for “a year of modest results”, Retail Week can reveal.
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Ted Baker refinances as bankers show ‘ongoing support’
Fashion retailer Ted Baker has successfully completed a refinancing with its lenders.
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Made.com presses button on £1bn IPO
Online furniture and homewares specialist Made.com aims to float on London’s main market, which could value the etailer at as much as £1bn.
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Primark launches recycled loungewear collection
Primark has launched a new sustainable collection certified by circular fashion business Recover.
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Mike Ashley’s Frasers Group eyes Hugo Boss swoop
Mike Ashley’s Frasers Group is reportedly considering a takeover of luxury fashion group Hugo Boss.
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John Lewis chair Sharon White calls for business rates replacement
John Lewis chair Sharon White has urged chancellor Rishi Sunak to replace the current business rates system with a new land tax to even the playing field between online and bricks-and-mortar retail.
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Retail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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Card Factory sales ‘exceed expectations’ as it completes refinancing
Card Factory has reported strong demand following its stores reopening in April.
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Pret a Manger trials first-ever stores on petrol forecourts
Food-to-go specialist Pret a Manger has partnered with petrol-station operator Motor Fuel Group (MFG) to trial its first-ever forecourt stores.
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Retail sales surge in April after non-essential stores reopen
Retail sales volumes rose sharply in April, which reflected the effect of easing coronavirus restrictions and the reopening of all ‘non-essential’ retail.
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Next boss Lord Wolfson set to chair Reiss
Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
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Consumer confidence returns to pre-pandemic levels as restrictions eased
Consumer confidence recovered in May, regaining all the ground lost during the Covid outbreak, as lockdown restrictions were relaxed and the UK’s successful vaccination rollout continued.
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N Brown profits plummet after pandemic hammers sales
N Brown has reported a sharp decline in profits after sales tumbled owing to the pandemic, but the fashion and homeware retailer’s boss pointed to “early signs of progress” in its turnaround.
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Watch: John Lewis puts price centre-stage for first time in Anyday campaign
John Lewis has unveiled a marketing campaign for its new Anyday brand, which for the first time puts product prices at the heart of the push.
