All News articles – Page 28
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NewsPoundland wins go-ahead for restructuring plan from High Court
Value retailer Poundland has been given a green light to restructure, providing a lifeline as it launches a revival strategy.
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NewsMorrisons appoints former Aldi executive to head up logistics
Morrisons has appointed former Greencore and Aldi executive Andy Gillies as its new logistics director.
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NewsMarks & Spencer partners with eBay to launch pre-loved resale store
Marks & Spencer has launched an official M&S x eBay online store enabling shoppers to trade in and buy pre-loved M&S clothing, footwear and accessories.
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NewsNew Look owner taps up Rothschild as it mulls potential sale
The owners of fashion chain New Look have appointed Rothschild to conduct a review of the business, as it mulls a potential sale.
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NewsPrice of grocery staples driving inflation as costs continue to bite
The rising price of both fresh and ambient food is driving overall inflation, as the £7bn of added costs from last year’s Budget continue to feed through to customers.
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NewsRevolution Beauty co-founders return after struggle to find new buyer
Revolution Beauty will see the return of its co-founders to “reset” the business after it couldn’t find a buyer during a formal sales process.
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NewsAsda launches new sustainability finance scheme for UK suppliers
Grocery giant Asda has partnered with Lloyds Bank to launch a sustainability-linked supply chain programme for UK suppliers.
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NewsM&S expands partnership with Estée Lauder as part of its wider strategy
Marks & Spencer is expanding its partnership with Estée Lauder as part of a growing strategy to become the “trusted editor for beauty”.
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NewsRetailers warn chancellor that prices will rise if more tax is imposed in autumn Budget
Over 60 of the UK’s largest retailers have written a letter to chancellor Rachel Reeves warning her that prices will rise if additional tax hikes are introduced in the upcoming autumn Budget.
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NewsConsumer confidence increases but rising inflation looms
Consumer confidence has risen slightly in August, but this may not last long as there are “clouds on the horizon in the form of inflation”.
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NewsMarks & Spencer makes ‘landmark’ £340m food supply chain investment
Marks & Spencer is investing £340m in an advanced automated food distribution centre which will open in 2029.
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NewsWaitrose boss Bailey to step down
Waitrose managing director James Bailey is to exit the grocer later this year.
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NewsMamas and Papas CEO to step down as new growth plan launches
The recruitment of a new chief executive will be “announced shortly”
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NewsDebenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
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NewsWHSmith issues shock profit warning
WHSmith, which sold off its UK high street arm earlier this year to focus on its travel operations, has revealed a financial review found an overstatement of £30m in headline profit in its North American division.
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NewsLidl commits to anti-sexual harassment agreement with equality regulator
The UK arm of the supermarket chain has signed an agreement with the Equality and Human Rights Commission (EHRC).
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NewsFrasers Group mulls bid for Manchester Arndale centre
Frasers Group is weighing up a bid to take a 50% stake in Manchester’s iconic Arndale centre shopping centre, Retail Week understands.
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NewsConsumer confidence ‘in the doldrums’
Consumer expectations are showing signs of stagnation, according to the British Retail Consortium.
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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NewsToy maker Pop Mart’s profits soar as Labubu doll craze intensifies
Labubu dollmaker Pop Mart has reported a near 400% increase in profits in their half-year results.