All News articles – Page 16
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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.
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Grocery inflation falls to lowest levels in nearly two years
Grocery price inflation fell to 5.3% in February, the lowest rate seen since March 2022, although value remains a priority for shoppers.
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Marks & Spencer unveils ‘biggest ever’ investment in staff pay
Marks & Spencer is investing £89m into retail staff pay – the largest sum it has ever devoted to colleagues.
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Homebase owner sounds out The Range and B&M over potential sale
Homebase could soon be sold since its owner has held talks with a number of potential buyers.
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Shop price inflation falls again to reach lowest level in two years
Shop price inflation fell in February for the second consecutive month to reach the lowest level of annual growth since March 2022.
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Lululemon to relocate and upsize London flagship
Global athleisure and activewear retailer Lululemon will be relocating and upsizing its flagship store in Covent Garden, London.
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Reiss partners with AI-powered platform to boost employee development
Fashion retailer Reiss has partnered with learning management system Thrive Learning to utilise its AI capabilities for employee development.
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Tommee Tippee gets modern brand revamp
Tommee Tippee has undergone a revamp to make its branding more appealing to millennial and Gen Z parents.