All News articles – Page 3
Most recent first.
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NewsHobbycraft sales slump following lockdown store closures
Hobbycraft sales and profits slumped due to coronavirus-related store closures, although trading has improved since April reopening.
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Hammerson latest landlord to halt rent concessions
Hammerson has followed the lead of fellow institutional landlord British Land by putting a stop to offering rent concessions to struggling occupants.
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Asos sales rise despite demand ‘volatility’
Asos has posted an increase in third-quarter sales but cautioned that “volatile demand” and supply chain pressures are likely to persist during the coronavirus crisis.
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Kingfisher raises profit guidance as sales surge across Europe
Kingfisher has upgraded its profit guidance after sales powered ahead of pre-Covid levels across its international markets.
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Entertainer boss warns of Christmas shortages due to shipping ‘crisis’
The Entertainer founder and executive chair Gary Grant has told Retail Week pent-up shipping demand will impact product availability this Christmas.
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Retailers ‘cautious’ on reopening despite final government guidance
Retailers are remaining cautious about lifting restrictions around face coverings and removing in-store safety measures following the publishing of government guidance around lifting restrictions from July 19.
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Exclusive: John Lewis and Waitrose poised to make 1,000 roles redundant
Department store group John Lewis and sister business Waitrose have proposed 1,000 redundancies in stores, Retail Week can reveal.
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Dunelm boosts profit forecast in wake of homewares boom
Dunelm has raised its profit guidance after a stellar fourth quarter.
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Boohoo partners with Alshaya to grow Debenhams in the Middle East
Boohoo has made a move into bricks-and-mortar stores after signing an exclusive deal with Middle Eastern operator Alshaya group.
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BRC warns of high street labour shortages as 20% of shopworkers in isolation
The retail and hospitality sectors have both recorded high levels of worker absenteeism.
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Superdrug profits plummet despite essential retailer status
Superdrug reported plunging profits and sales for the year, despite its stores remaining open throughout lockdown.
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Walmart-backed Flipkart raises $3.6bn to power growth
Indian online retail powerhouse Flipkart has completed a $3.6bn (£2.6bn) fundraising to ”accelerate the growth of the consumer internet ecosystem in India”.
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Hotel Chocolat profits to beat expectations as sales climb
Specialist retailer Hotel Chocolat’s full-year earnings will exceed expectations after annual sales rose strongly.
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Online marketplace OnBuy sets sights on growth as it raises £35m in funding
The UK-based online marketplace OnBuy has raised £35m in series A funding through a combination of venture capital and strategic technology investors.
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Ministers mull short-term visas to end haulage crisis
Government ministers are in discussions about launching a short-term visa scheme for lorry drivers in a bid to end the ongoing HGV driver shortage.
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Asos launches joint venture with US giant Nordstrom
Asos has launched a joint venture with American retailer Nordstrom to boost its stable of brands in the US and Canada.
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Morrisons reassures anxious farmers over Fortress takeover
Morrisons has written to farmers to insist that its prospective new owners will protect the grocer’s character and relationship with suppliers.
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Exclusive: Amazon poaches Tony Hoggett from Tesco to run international stores arm
Amazon has poached former Tesco chief strategy officer Tony Hoggett to head up its international stores arm, Retail Week can reveal.
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Exclusive: Tesco’s Tony Hoggett departs after more than 30 years
Tesco group chief strategy and innovation officer Tony Hoggett has left the grocer.
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Union urges government to roll back on removing mask mandate
Usdaw has urged the government to roll back on removing the mask mandate in stores as some grocers have warned of rising staff absenteeism due to coronavirus.
