All News articles – Page 16
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NewsTemu EU profits more than double as low prices draw customers
Online giant Temu’s EU business more than doubled pre-tax profits last year to almost $120m.
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NewsTHG reports ‘best quarter’ of trading in four years
Online beauty and nutrition group THG has reported its “strongest quarter of organic sales growth” since 2021.
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NewsRetail sales growth slows as Budget uncertainty and weather delay spending
The rate of retail sales growth moderated in September as factors such as a looming Budget and warm weather affected trading conditions.
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NewsFMCG brands dominate top 30 fastest growing retailers in the UK
Food and drink brands dominate the list of the top 30 fastest growing retailers, according to exclusive data shared with Retail Week.
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NewsThe Cotswold Company to open first retail park store
The Cotswold Company is to open a retail park store, a first for the premium furniture retailer.
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NewsScrewfix launches loyalty programme with member-only deals
Screwfix has launched a new loyalty programme which offers member-only deals, rewards and more.
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NewsAsda commits further to price cuts with over 200 more lines reduced
Asda has made further commitments to price cuts with over 200 more lines reduced, just a few days after announcing previous price cuts.
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NewsIceland boss says private equity firms causing ‘death of the high street’
Iceland boss Richard Walker has said private equity ownership in the UK has caused more damage to retail than any other entity.
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NewsCo-op warns 150,000 jobs at risk without business rates reform
Co-op has called on the government to do more in the Budget to protect small shops, warning a failure to do so could cost 150,000 jobs.
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NewsM&S study reveals retailers help more youngsters into work than any other industry
Almost a quarter of young people start their careers in retail – more than twice the total for any other UK industry – research for Marks & Spencer has shown.
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NewsProCook debuts its new store design concept in UK city
Specialist kitchenware retailer ProCook has opened the doors to its first-ever concept store to elevate the customer experience.
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NewsUniqlo owner Fast Retailing posts fourth year of record profits
Uniqlo owner Fast Retailing has posted its fourth consecutive year of record profit, citing “large revenue and profit gains” across its international business.
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NewsRetail group behind Wilko and The Range returns to profit
The retail group consisting of The Range, Wilko, and more recently Homebase, has seen a return to profit.
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NewsAsos to launch new premium menswear line
Online fashion retailer Asos is launching a new premium menswear line dubbed “Asos Collective”.
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NewsLow consumer confidence weighs on UK retail footfall
Low consumer confidence ahead of the upcoming Budget next month is driving shoppers away from retail locations, the British Retail Consortium (BRC) has warned.
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NewsFrasers Group snaps up majority stake in US luxury retailer
Frasers Group has snapped up a majority stake in US luxury multi-brand retailer The Webster as the retail giant ramps up its international expansion.
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NewsMorrisons launches on-demand delivery service
The supermarket giant has today launched Morrisons Now, an on-demand delivery service where customers can order up to 30 items to be delivered within 60 minutes.
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NewsThe Very Group poaches former Supedrug retail media boss
The Very Group has tapped former Superdrug head of retail media Paul Stafford to run its own Very Media Group.
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NewsJohn Lewis Partnership receives green light for Reading development
John Lewis Partnership has received planning permission for its £70m build-to-rent development in Reading.
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NewsAustralian womenswear brand Kookai to return to UK high street
Australian womenswear brand Kookai is returning to UK physical retail for the first time in over a decade, and is in the process of agreeing a deal for a new store in central London, Retail Week can reveal.