All News articles – Page 3
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NewsBoohoo explores vintage fabrics and resale websites as it targets sustainability
As part of its commitment to ESG and in tandem with the Agenda for Change, Boohoo has announced a host of sustainability pledges in a bid to ensure a better future for the business.
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B&M poaches The Range digital boss as it ponders online launch
B M has poached The Range’s chief digital and omnichannel officer Jens Sorensen as it gears up for a push into ecommerce.
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Boohoo publishes UK supplier list in push for transparency
Fashion etailer Boohoo has published a list of UK suppliers and unveiled a sustainability strategy as it seeks to address controversy that has dogged the business.
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Nike and H&M face China backlash in Uighur forced labour row
Fashion giants Nike and H M face boycott demands from Chinese consumers after expressing concern over allegations of forced labour in cotton production.
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50 retailers pledge to improve diversity and inclusion with new charter
Dozens of retailers have backed a new charter created by the British Retail Consortium to promote diversity and inclusion across the sector.
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John Lewis to close eight stores putting over 1,400 jobs at risk
Department store chain John Lewis has said it will not reopen eight stores across the UK, putting 1,465 jobs at risk.
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End snapped up by Carlyle Group in £750m deal
Premium fashion retailer End has been snapped up by buyout giant The Carlyle Group in a deal valuing the business at more than £750m.
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More than 11,000 shops shut in 2020 as Covid hammers high streets
More than 11,000 shops closed their doors for good in the UK last year and another 18,000 could follow in 2021 as the coronavirus crisis hammers Britain’s high streets.
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Carrefour to buy Brazil’s Grupo Big from Walmart for €1.1bn
Carrefour has struck a deal to buy Brazil’s third-largest food retailer Grupo Big from Walmart for €1.1bn (£950m).
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Retailers divided over business rates in submissions to Treasury review
Retail respondents to the Treasury’s call for evidence on business rates reform are split over the benefits and potential risks to the high street of introducing an online sales tax.
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UK plans four regional trade hubs to boost international exports
The UK government has made plans to launch four trade hubs in a bid to boost the economy post-Brexit and post-pandemic.
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McColl’s profits slide as Morrisons partnership extended
McColl’s has recorded a decline in profits as the pandemic altered its shoppers’ spending habits.
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Kingfisher profits and sales soar off back of strong Covid trading
Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.
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Chancellor to delay decision on UK online sales tax
Chancellor of the exchequer Rishi Sunak is set to delay any final decision on a UK online sales tax to the autumn and will take his lead from whether the US supports the reform.
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Nike profits rise as China leads sales recovery
Nike has posted a jump in profits as booming sales in China offset tougher conditions in the US and Europe amid the coronavirus pandemic.
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Asda chief executive Roger Burnley to step down following £6.8bn takeover
Asda boss Roger Burnley is set to step away from the grocer next year, following the recent £6.8bn takeover of the business by the Issa brothers.
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Consumer confidence rises for third month as end of lockdown nears
Consumer confidence increased in March as the vaccine rollout continued and the end of lockdown grew nearer.
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Ocado’s Steiner downplays threat from Amazon and on-demand start-ups
Ocado chief executive Tim Steiner has dismissed the threat of Amazon and emerging on-demand grocery start-ups, comparing them to pureplay convenience stores.
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Eve Sleep cuts losses as turnaround strategy bears fruit
Online retailer Eve Sleep has reduced annual losses and said its recovery programme is ahead of schedule.
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Ocado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks Spencer.
