All News articles – Page 14
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Iceland chair calls for change to ‘stupid’ retail crime laws
Iceland chair Richard Walker has called on the government to change “stupid” laws that prohibit retailers from sharing CCTV footage of shoplifters online, The Times has reported.
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Birkenstock has reported a record quarter thanks to demand for ‘ugly’ clogs
German footwear retailer Birkenstock has reported a record third quarter thanks to increased demand across all regions.
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Lululemon revenue and profits increase driven by boost in international sales
Lululemon has reported an increase in revenue and profit as international sales sprint ahead compared with sales in North America.
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HMV has seen a ‘huge boost’ in sales thanks to Oasis reunion
HMV has recorded a “huge boost in sales” this week, mainly due to British band Oasis deciding to reunite after 15 years.
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Dobbies likely to seek rent cuts as restructuring advisers drafted in
Garden centre group Dobbies is working on restructuring proposals that may lead to store closures and rent reductions.
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Vinted is offering a dedicated electronics category for the first time
Secondhand marketplace Vinted has launched a new electronics category on its app, adding to its main category of preloved fashion, Retail Week can reveal.
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Tesco faces prospect of strike action as staff reject pay offer
Tesco is bracing for possible strike action across its distribution network after warehouse workers at eight sites rejected a pay offer.
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Halfords bike website had a boost in visitors after Team GB’s cycling success
Team GB’s strong cycling performance at the Paris Olympics has led to a spike in demand for bikes, according to new figures released by Halfords today.
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Homebase is poised to kick off talks with potential investors
DIY specialist Homebase is preparing to start discussions with potential new investors, Retail Week can reveal.
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Fruugo has appointed a former Amazon director as chief operations officer
Global online marketplace Fruugo has hired a former Amazon director to take on the role of chief operations officer.
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Sainsbury’s snaps up a raft of Homebase stores in a deal valued at £130m
Grocer Sainsbury’s is buying a raft of stores from DIY specialist Homebase as it seeks to extend its presence and “offer more food choice to more customers”.
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Very is launching its first fashion TV campaign in seven years
Very is making a TV comeback with its first television advert in seven years, showcasing its autumn collection through the group’s Haus of Flamingo fashion platform.
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Quiz has posted losses and a decline in revenue
Fashion retailer Quiz has posted “disappointing” results, which it said reflect the impact of inflationary pressures on consumer spending.
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August retail footfall has seen a ‘marginal’ rise despite summer holidays and UK riots
Retail footfall in August saw a “marginal” uplift in a month that usually sees shoppers on summer getaways.
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Kurt Geiger has posted ‘record’ sales and a rise in profit
Kurt Geiger has posted “record” profits and handbag sales despite weaker demand in the wider luxury market.
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Hobbycraft has been acquired by Modella Capital
Modella Capital, which has backed chains including Paperchase, Tie Rack and Ted Baker’s UK licensing partner No Ordinary Designer Label (NODL), has acquired arts and crafts retailer Hobbycraft.
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Temu group warns on ‘inevitable’ profit decline as results miss analyst expectations
Temu’s owner, PDD Holdings, has warned of an “inevitable” reduction in profitability as the group reports slow growth and rising competition.
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Ocado unveils its sixth round of price cuts across branded and M&S ranges
Ocado Retail has unveiled its sixth Big Price Drop since June 2023, giving customers price cuts across branded, own brand and M&S products.
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Morrisons slashes the prices of 2,000 grocery items for its More Card customers
Supermarket Morrisons has today unveiled a new loyalty drive, slashing the prices on more than 2,000 products for its More Card customers.
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Naked Wines losses are deepening amid sales slump
Naked Wines has reported deepening statutory losses and a fall in sales as it confirmed the appointment of its new chief financial officer.