All News articles – Page 3
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Depop ditches selling fees for UK users
Secondhand platform Depop has announced the removal of selling fees for UK users in its latest bid to make fashion circular.
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Majestic in advanced talks to buy Vagabond Wines
Majestic Wine is in advanced talks to buy London-based wine chain Vagabond, which has filed a notice of its intention to appoint administrators.
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Next beats expectations to post record profits as sales soar
Next has reported record profits ahead of expectations as sales soared in the full year ending January 31, 2024.
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Temu owner's revenues and profits surge in ‘pivotal’ year
Temu owner PDD Holdings has recorded a massive surge in full-year and fourth-quarter profits and revenue.
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Holland & Barrett staff receive 'substantial' pay rise
Holland & Barrett is set to increase the hourly pay of store colleagues across the country by 9%, bringing the hourly base pay to 5% above the national living wage.
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Greggs stores close after IT issue affects card payments
Greggs, Britain’s largest bakery chain, has been forced to close stores after IT issues crippled its card payments system.
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Harvey Nichols cuts jobs to address cost pressures
Department store business Harvey Nichols is to axe roles at its head office as it seeks to position itself for success after a tough period.
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Tycoon Ashley becomes Hornby consultant following Frasers investment
Frasers tycoon Mike Ashley is to become a consultant to Hornby following the retailer’s stakebuilding in the model railways specialist.
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Inflation rate falls to lowest level in more than two years
The rate of inflation has declined to its lowest point in more than two years, the latest official data has revealed.
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Tesco forced to change Clubcard logo after losing Lidl legal challenge
Tesco has been told to stop using its Clubcard Prices logo after it lost a long-running legal battle with discount rival Lidl.
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The Works to delist from main market in switch to AIM
The Works intends to move its shares off the London Stock Exchange’s main market and list on AIM, six years since its IPO.
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Ted Baker heads into administration putting hundreds of jobs at risk
Fashion retailer Ted Baker is poised to collapse into administration, putting 86 stores and hundreds of jobs at risk.
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Exclusive: Future Stores lands on Oxford Street with debut flagship
Immersive retail start-up Future Stores has secured new premises on Oxford Street for its first flagship, Retail Week can reveal.
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Matches suppliers left up in the air after collapse into administration
Matches suppliers have reportedly been left in the lurch after the retailer collapsed into administration earlier this month.
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Alibaba-owned marketplace launches livestream shopping in the UK
Alibaba-owned fashion and lifestyle online marketplace AliExpress has made its livestream shopping debut in the UK. Livestream shopping is predicted to account for up to 20% of all UK ecommerce sales by 2026.
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Exclusive: Boots rolls out Klarna payments on app and website
Health and beauty giant Boots has rolled out the use of Klarna payments from today, Retail Week can reveal.
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Wickes hails ‘robust’ year and new Solar Fast acquisition
Wickes has hailed a “robust” full-year performance, with profit before tax landing ahead of expectations. It also announced the acquisition of a majority stake in Solar Fast.
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DFS issues profit warning as ‘weaker market demand’ takes toll
Sofa giant DFS has lowered its revenue and profit guidance for the full year as “weaker market demand” takes its toll.
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Primark starts sealing shopping bags in latest bid to crack down on crime
Fashion giant Primark has started sealing up its shopping bags with blue “sold” stickers in some stores in a bid to crack down on shoplifting.
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Asda confirms staff pay rise and new benefits
Asda has confirmed its latest pay rise for retail staff, as well as the launch of two new employee benefits, as it becomes the “highest-paying traditional supermarket”.