All News articles – Page 5
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The Highlands and Pace Partnership London launch outdoor fashion platform
Barbour partner store owner The Highlands and brand-building consultancy Pace Partnership London have launched a new retail concept, Out With Style, dedicated to outdoor clothing.
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Retailers face mounting pressure as insolvencies surge by 19%
Rising interest rates, escalating costs and restrained consumer spending have cast a shadow over retail, leading to a surge in insolvencies.
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Currys shareholder pushes for sale of ID Mobile
A major Currys shareholder is urging the electricals retailer to sell its mobile phones division, ID Mobile, in the aftermath of two abandoned takeover attempts.
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Zuber Issa to stand down as EG Group co-CEO
Zuber Issa, co-founder of EG Group, intends to relinquish his role as co-chief executive of the petrol station empire he helped to build.
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Cyberattacks and fraud cost UK retail sector £11bn in 2023
The UK retail sector lost £11.3bn to fraudulent activity in 2023, according to global financial technology platform Adyen.
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The Body Shop administrator proposes CVA to rescue business
The Body Shop’s administrator has proposed a company voluntary arrangement (CVA) to rescue the business, according to a report outlining the struggling beauty chain’s financial position and the events leading up to its administration.
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B&M takes aim at grocery loyalty schemes with new food campaign
B&M has introduced a new food campaign in stores and online, which seemingly hits out at supermarket loyalty schemes.
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Majestic completes rescue deal for Vagabond Wines
Majestic Wine has announced the acquisition of Vagabond Wines following its collapse into administration last month.
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Carpetright calls in advisers to cut costs as demand slows
Flooring retailer Carpetright has reportedly drafted in advisers to help explore cost-saving measures as demand for the business has slowed.
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The Works shareholders vote to move to AIM
The Works shareholders have voted to move the specialist retailer’s shares from the main market of London’s Stock Exchange to its sub-market AIM.
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Manzanita Capital to put Space NK up for sale
Space NK owner Manzanita Capital is in talks to appoint bankers to oversee a partial or complete sale of the premium high-street beauty retailer, Sky News reported.
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Exclusive: Theo Paphitis hits out over business rates as footfall return lifts Ryman
Retail entrepreneur Theo Paphitis has criticised the government for a “disappointing” attitude to the industry’s importance as his business achieved improved profitability.
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Decathlon sales rise in ‘transformative year’
Sportswear giant Decathlon has reported a rise in sales as it revamped its global brand identity and laid “strong foundations for the future” in “a transformative year” for the company.
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Amazon to axe hundreds of jobs across AWS
Amazon is slashing hundreds of jobs across its Amazon Web Services (AWS) division.
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Retail footfall sees ‘modest’ rise boosted by Easter weekend
Retail footfall in March increased across all destinations as the Easter weekend helped boost footfall.
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Mytheresa circles Yoox Net-a-Porter for possible takeover bid
Luxury fashion retailer Mytheresa is reportedly among the potential bidders looking to snap up Yoox Net-a-Porter from Swiss luxury group Richemont.
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Co-op profits and sales drop as crime levels reach record high
The Co-op has reported a fall in profits and sales in the full year ending 2023 as it faced challenges due to increased levels of shoplifting and inflationary headwinds.
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Sainsbury’s launches new ‘Low Everyday Prices’ offer
Sainsbury’s is launching a new value offering to provide “market low prices” on more than 1,000 brands for customers.
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Not scrapping tourist tax is ‘missed opportunity’, warns New West End Company boss
New West End Company chief executive Dee Corsi has said not eliminating the tourist tax is a “missed opportunity” to bring money to the UK economy.
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Amazon drops Just Walk Out technology from US grocery stores
Amazon has begun the process of phasing out its patented Just Walk Out technology from its US grocery stores.