All News articles – Page 2
Most recent first.
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NewsHobbycraft expands store estate as profits rise
Hobbycraft will open three new stores this year after reporting an uplift in profits.
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Three-quarters of consumers to cut Christmas spending due to cost-of-living crisis
More than three-quarters of customers are planning to reduce their spending on Christmas this year, with the cost-of-living crisis only set to deepen as the year goes on.
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Exclusive: Freshly Cosmetics shutters Carnaby Street store after six months
Spanish beauty brand Freshly Cosmetics has closed its store on Carnaby Street, London, after just six months of trading.
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John Lewis makes key fashion hire to build own-brand
John Lewis has appointed its first director of design for fashion as it prepares to “accelerate plans to expand our own-brand ranges with design that will inspire and excite customers”.
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Asda, Asos and Amazon warn online sales tax could do more harm than good
Executives from major retailers met with financial secretary to the treasury Lucy Frazer last week to warn of the potential impact of an online sales tax.
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Pressures mount for Sainsbury’s to pay living wage to all staff
Sainsbury’s is under pressure to pass a resolution to pay both its direct staff and contracted workers the living wage.
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Cath Kidston seeks new owners two years after collapse
Cath Kidston has raised a for sale sign, two years after it fell into administration.
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Zalando warns on profits as customer demand wanes
Zalando has issued a profit warning after a worse-than-expected second quarter.
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Matalan sales and profits rise despite Covid-related ‘obstacles’
Matalan has posted an increase in both sales and profits as the business recovered from the impacts of the pandemic.
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Deliveroo launches rapid delivery grocery tie-up with Spar
Deliveroo and Spar have launched a partnership to deliver from all 2,160 of the convenience retailer’s stores.
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Naked Wines back in the black as subscriptions rise
Naked Wines has reported strong growth as its bid to increase repeat customers and subscriptions pays off.
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Amazon names Doug Herrington as new retail chief executive
Retail giant Amazon has named Doug Herrington as the new chief executive of its retail arm, weeks after the previous boss stepped down.
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Harrods delays summer Sale due to supply chain disruption
Harrods has delayed its famous summer Sale as its new season stock has yet to arrive.
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JD Sports’ profits double versus pre-pandemic record
JD Sports has more than doubled full-year profits compared to the record sum achieved before the Covid pandemic hit.
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Asda chair Rose urges VAT cut to combat cost of living crunch
Asda chair Lord Stuart Rose believes the government should consider reducing VAT or further cutting fuel tax to help ’kill’ inflation, which is prompting shoppers to limit their spending.
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City centre footfall battered by rail and tube strike chaos
Footfall dropped across city centre shopping destinations as people opted to stay home and avoid the strikes.
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M&S ‘bewildered and disappointed’ by Gove’s Marble Arch intervention
Marks & Spencer has reacted angrily to Michael Gove’s decision to call in the planned redevelopment of its flagship Marble Arch premises.
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Grocery inflation hits 13-year high costing customers an extra £380 a year
Grocery inflation has hit a 13-year high in the month of June, with food bills on course to increase by an average of £380 a year for customers.
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Ocado raises £575m to fund expansion of its tech division
Ocado has successfully raised £575m through a share placement as the company seeks to capitalise on the growth of its technology arm.
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Primark boss Marchant: ‘Click and collect is the culmination of two years of investment’
Primark chief executive Paul Marchant has said that the retailer’s new click-and-collect offer has been years in the making.
