All News articles – Page 13
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Asda denies union claims as new store gets set to vote on strike action
Asda has denied the GMB union’s numerous claims of an unsafe working environment, allegedly prompting another Asda supermarket to vote on industrial action.
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The Body Shop: full list of store closures
The Body Shop will be closing 75 stores in a phased process over the coming weeks cutting its store footprint to nearly half in the country.
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The Body Shop to shut 75 UK stores and cut more jobs
The Body Shop will shut a further 75 stores resulting in nearly 500 job losses over the coming weeks as administrators take measures to restructure the UK business.
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Ocado boss Steiner won’t rule out legal action over M&S payment row
Ocado Group boss Tim Steiner has vowed he won’t “walk away” from money Ocado is owed as part of its retail joint venture with M&S, with an ongoing spat over performance-linked payments showing no end in sight.
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Footasylum sales rise across all channels in year of ‘record growth’
Footasylum has posted sales growth across all business channels as it marks another year of “record growth”.
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Homebase reports heavy losses but on track for profitable 2024
Poor weather and consumer caution left Homebase with heavy losses last year, but the group says it is on track to deliver double-digit profits in 2024.
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Hammerson reports growth in footfall as rental income increases
Hammerson, which owns and operates shopping centres including Brent Cross in London, posted a rise in rental income as occupancy and footfall increased in the full year ending December 2023.
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Ocado loses remain despite sales rise
Pureplay grocery retailer Ocado has posted sales growth as its retail business returned to profit for the full year ending December 2023.
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February footfall ‘saved’ by half-term holiday shoppers
Retail footfall across all locations increased in February as the school half-term drove shoppers to stores.
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Tesco launches Accelerator Programme for new brands
Grocery giant Tesco has today launched its Accelerator Programme for up-and-coming brands, naming the first 27 suppliers to benefit from the scheme.
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John Lewis director says redundancies paving way for ‘better-quality jobs’
John Lewis Partnership (JLP) operations director Naomi Simcock has said that “better-quality jobs” are being created by the retailer, despite the group planning to cut 11,000 jobs in five years.
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Very Group secures fresh funding as it records half-year loss
The Very Group has secured a £125m funding package as it swings to a half-year loss due to “higher interest costs”.
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Baitiéh shapes new senior management team at Morrisons
Morrisons has announced a raft of changes to its senior management team, as new CEO Rami Baitiéh begins the process of shaping his senior team.
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TDR snaps up Jollyes and Andy Bond comes in as chair
Private equity group TDR Capital has acquired a majority stake in specialist pet retailer Jollyes and former Asda boss Andy Bond has been appointed chair.
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Asda reports reduction in mean gender pay gap
Asda has recorded a narrowing of its mean gender pay gap and said its wider gender pay differences ”remain significantly lower than the UK average”.
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Halfords warns on profits after hits from weather and consumer confidence
Halfords has slashed earnings expectations after its main markets − cycling and motoring − were battered.
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Chancellor met Shein boss over potential London IPO
Chancellor Jeremy Hunt held talks with Shein boss Donald Tang to try to persuade the Chinese fast-fashion giant to float on the London Stock Exchange.
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Currys rejects second takeover proposal from Elliott Advisors
Currys has rejected a second takeover proposal from US investment firm Elliott Advisors because its increased offer still undervalues the company.
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BP launches freshly made food-to-go pilot
BP has today rolled out a fresh, made-to-order food offer pilot across 10 of its convenience stores, following the “success of two proof of concept” openings in 2023.
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Miniso to open store at Westfield Stratford City
Chinese lifestyle retailer Miniso is set to open its first store in east London at Westfield Stratford City in March.