All News articles – Page 22
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Walmart posts ‘strong’ sales growth driven by omnichannel model
US retail giant Walmart has reported “strong” revenue growth in its fourth quarter as consumers shopped both in-store and online and ecommerce sales surpassed $1bn (£790m).
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Sainsbury’s and Costa Coffee to open in-store cafes
Sainsbury’s and Costa Coffee have announced a partnership to open 11 new in-store cafes in 2024.
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Largest Currys shareholder warns of ‘problem’ in UK equity market
Currys’ largest shareholder Redwheel has supported the board’s decision to reject an initial offer from Elliott Advisors and said the offer “highlighted a wider problem with the UK equity market”.
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Shopify bolsters EMEA leadership team with new appointments
Ecommerce giant Shopify has announced new leadership changes to its Europe, Middle East and Africa division as it aims to drive growth across the region.
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Tesco to display unit prices alongside Clubcard offers in stores
Tesco will now show Clubcard Prices per unit alongside the total price in a move the grocer said it had been “planning to do for some time,” according to UK chief executive Jason Tarry.
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The Body Shop UK store closures begin as administrators take charge
The Body Shop is set to close approximately half of its UK stores and cut 40% of head office jobs as administrators announced a plan to restructure the business in the country.
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Exclusive: Pets at Home appoints new retail chief operating officer
Pets at Home has appointed Anja Madsen as its new chief operating officer, retail, from April 2024, Retail Week can reveal.
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Mike Ashley could play kingmaker in Currys deal
Retail tycoon Mike Ashley could be set to play a pivotal role in the Currys bidding war after buying up shares last year.
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Lidl on hunt for investors for new store plans
Lidl is seeking investors to add a dozen new stores to its network in the UK.
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Superdry founder Dunkerton courts US investor to take brand private
Superdry founder Julian Dunkerton is understood to be assembling an offer for a US private investor to take the struggling brand private.
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Exclusive: Over 2,000 jobs at risk as The Body Shop’s European businesses left in limbo
The Body Shop’s businesses across continental Europe are in danger of collapsing, leaving the fate of thousands of jobs and hundreds of stores in multiple countries in the balance.
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Exclusive: Reserved confirms new London store as it ramps up UK expansion
Polish fashion retailer Reserved, which is owned by clothing conglomerate LPP, is set to open its fifth store in the UK later this year.
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Aldi slashes prices on fresh fruit and vegetable range
Aldi has slashed prices across its fresh fruit and vegetable range as Morrisons becomes the latest supermarket to launch a price match scheme for the discounter.
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Farfetch to cut up to 30% of workforce as Coupang takes over
Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.
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Currys rejects ‘significantly undervalued’ takeover proposal
Currys has rejected a takeover proposal by US investment firm and owner of Waterstones Elliott Advisors as it “significantly undervalued” the company.
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Morrisons revives Aldi and Lidl price match
Supermarket giant Morrisons has unveiled a new Aldi and Lidl price match on hundreds of products, having first introduced a similar scheme in 2014.
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Mytheresa ‘outperforms’ as luxury fashion sales grow
Luxury fashion retailer Mytheresa has hailed its sales growth during the second quarter, despite falling profits, as it “outperformed almost all competitors” and the demand for luxury fashion goods edged up.
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Nike to cut jobs as part of cost-saving measures
Global sportswear giant Nike will cut nearly 2% of its total workforce as it looks to reduce costs after predicting slowing demand and “softer” sales in the second half of the year.
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Joe Browns names new chief executive
Fashion retailer Joe Browns has named Dawn Bannerman as its new chief executive with immediate effect.
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Retail sales rebound but recession worries loom
Retail sales grew in both volume and value across all subsectors except clothing in January, rebounding after December’s fall, according to the latest Office for National Statistics retail sales data.