All News articles – Page 14
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Currys invests a further £13m in staff pay
Currys is investing a further £13m in colleague pay, which will see all hourly paid staff receiving a higher hourly rate and bonuses.
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Frasers buys Wiggle out of administration
Frasers Group has snapped up cycling retailer Wiggle, acquiring the brand and intellectual property after the business fell into administration in October last year.
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The Body Shop administrators investigate missing millions
The Body Shop’s administrators are investigating claims of millions of unaccounted funds that were taken out of the business before its collapse.
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Mohsin Issa to hand over running of Asda following ‘reset’
Mohsin Issa, co-owner of Asda said he plans to hand over the running of the UK’s third-biggest supermarket after carrying out a ”reset” of the business.
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Gymshark appoints first chief digital officer
Gymshark has appointed Carly Natalizia to the newly created role of chief digital officer to drive “digital growth for the brand for years to come”.
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Oxford Street revamp set to deliver £2.8bn in additional sales by 2033
The new £90m Oxford Street programme is expected to drive 5% to 10% in sales growth per year to potentially reach £2.8bn in additional sales between 2027 and 2033, according to the New West End Company.
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M&S claims victory in court battle over Marble Arch store
Marks & Spencer has claimed victory over its Marble Arch store plans after the High Court ruled Michael Gove’s decision to block the redevelopment was “unlawful”.
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Asda invests record £150m in staff pay
Asda has invested a record £150m in staff pay, which it said makes it the highest paying supermarket in the UK on base rate.
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Superdry buyout deadline extended for Dunkerton
The deadline for Superdry co-founder Julian Dunkerton to make an offer for the retailer has been extended till the end of March.
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Boots appoints former Asda strategy head to lead transformation
Boots has appointed Preyash Thakrar as strategy and transformation director as it “embarks on a significant period of change”.
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Sainsbury’s axes 1,500 jobs in ‘difficult but necessary’ decision
Sainsbury’s is consulting on 1,500 job cuts as it seeks to “save and invest” to provide customers with more “great value, quality and service”.
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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.