All News articles – Page 7
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NewsAll non-essential retail to close in Wales after Christmas Eve
All non-essential retailers in Wales will be forced to close their stores after trading finishes on Christmas Eve, with the country going into a full ‘tier four’ lockdown three days later.
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Dixons boss Alex Baldock: ‘Business rates reform will save jobs’
Dixons Carphone boss Alex Baldock has remained staunch on his decision not to repay business rates for the time being and urged the government to review the issue.
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Superdry chair Williams to step down in board reshuffle
Superdry non-executive chair Peter Williams will step down next year as part of a board reshuffle which includes the appointment of a new chief operating officer.
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New Asda owners set to sell off £1.2bn distribution network
Asda’s new owners the Issa brothers have reportedly drafted in advisers to ready the sale of the supermarket’s logistics portfolio.
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Dixons Carphone interim sales surge sparks profit climb
Dixons Carphone has reported an uplift in profits at the half-year mark bolstered by strong sales growth which boss Alex Baldock attributes to “grit and skill” of staff.
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Lockdown and Black Friday combine to deliver bumper online sales
Online sales rocketed last month to deliver the highest growth in more than a decade, boosted by the impact of lockdown and Black Friday promotions.
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Zara owner reports recovery as online sales grow and stores improve
Fashion giant Inditex, which owns Zara, celebrated a “strong recovery in operations” during its third quarter ahead of more lockdowns in various countries.
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Supermarkets poised to ration goods amid Brexit concerns
UK supermarkets are preparing to ration certain products amid fears that consumers will begin stockpiling again.
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H&M sales slide as second wave hinders recovery
H M has reported a decline in sales in the fourth quarter as a second wave of the coronavirus pandemic impeded its recovery.
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JD Sports acquires US footwear retailer Shoe Palace
JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.
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‘Devastating blow’ for retail as London faces tier three restrictions
Thousands of jobs are feared to be at risk as tier three Covid restrictions come into force this week in London, at a time when the streets would normally be packed with Christmas shoppers.
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Asda ramps up Covid safety ahead of busy Christmas period
Asda has introduced a raft of measures, including extra security, to keep shoppers and staff as safe as possible in the run-up to Christmas as the Covid outbreak continues.
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US giant circles Arcadia and Debenhams for ‘double takeover’
The owner of US department store Barneys has emerged as a potential buyer of both Arcadia and Debenhams.
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No need for Brexit stockpiling, retailers reassure consumers
Retailers have urged shoppers not to stockpile food because of Brexit fears as talks about a trade deal stumble on.
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Leading retailers pledge to take action on diversity and inclusion in 2021
Following a year where business’ D I agendas have come under scrutiny, 16 brands including M S, New Look and Sainsbury’s Argos have partnered with Retail Week’s Be Inspired programme to promote diversity and empower their teams.
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Rising retail star Pure Electric unveils European expansion plans
E-bikes specialist Pure Electric plans a European expansion push, starting in France and Spain.
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Topshop administrators seek up to £200m for flagship Arcadia brand
Topshop’s administrators hope for offers of up to £200m for the business, the jewel in the crown of Sir Philip Green’s Arcadia fashion empire.
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Retailers warn of £3bn tariff hit if no deal on Brexit
Grocers and their customers face a £3.1bn tariff impact that could force up the price of food and drink, unless a Brexit deal is struck soon.
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McColl’s to hang on to rates rebate as Covid costs outweigh savings
C-store retailer McColl’s is set to keep the business rates rebate it was given by the government in March as its chief executive says Covid-related costs have since outstripped the money saved.
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Tesco and Morrisons to open stores with reduced hours on Boxing Day
Tesco and Morrisons will open their stores with reduced hours on Boxing Day to allow staff to spend more time with their families over the festive period.
