All News articles – Page 8
Most recent first.
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NewsTesco chair Allan warns of higher food prices in no-deal Brexit
Tesco chair John Allan has said the grocer is pre-emptively stockpiling in case of a no-deal Brexit, which would trigger price rises and limited availability on some fresh food products.
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Ocado ups profit guidance as fourth quarter sales surge
Ocado has said it now expects its full-year EBITDA to surpass £70m following a quarter of “exceptional demand” and strong sales growth.
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Frasers Group interim profits rise spurred by rates relief and online sales
Frasers Group reported a strong uplift in profits at the interim mark despite what chair David Daly describes as a “lack of clarity of guidance” from the government during the pandemic so far.
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Brexit: Supermarkets given grace period on Northern Ireland supply checks
UK supermarkets will be allowed to continue supplying Northern Ireland stores without checks at the border, deal or no deal, from January 1.
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Government extends commercial evictions ban until April
The government is extending the moratorium on commercial tenant evictions until March 31, 2021.
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Marks & Spencer launches retail’s first data technician apprenticeship programme
Marks Spencer has established the retail industry’s first apprenticeship scheme for data technicians as it pushes forward with its ambitions to become a digital-first business.
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Tesco gets green light to complete sale of Asia business
Tesco is poised to complete the £8bn sale of its Thai and Malaysian business after buyer CP Retail Development Company rubber-stamped the deal.
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Primark’s Paul Marchant: Anyone who thinks shopping in person is over is naïve
Primark boss Paul Marchant has launched a passionate defence of physical retail and called for more investment to be ploughed into Britain’s high streets in the wake of the coronavirus crisis.
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Competition watchdog to investigate Issa brothers’ Asda acquisition
The competition watchdog has launched a probe into the Issa brothers’ £6.8bn takeover of Asda.
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Grocers record highest sales on record in November
Supermarkets reported the biggest month of sales on record in November as shoppers stole a march on Christmas shopping.
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Studio Retail prepares for sale as profits boom
Online value retailer Studio has announced plans to explore its sale options as profits and sales soared during the coronavirus pandemic.
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Joules trading ‘ahead of expectations’ despite overall sales decline
Joules has recorded a strong uplift in ecommerce sales in its first half despite lost in-store sales throughout the lockdown periods.
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November retail sales dampened by lockdown store closures
Retail sales growth slowed in November as tighter government restrictions forced shoppers online.
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The Hut Group raises sales forecast for second time since float
The Hut Group has bumped up its sales forecast for the second time since it floated in September, citing strong Black Friday and Cyber Monday sales.
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Kingfisher agrees to return business rates relief in full
The board of home and DIY giant Kingfisher has agreed to return more than £130m in business rates relief in full, becoming the latest retailer to do so.
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Ted Baker slips deeper into the red as revenues fall
Ted Baker has reported deepening losses before tax as its revenues fell and costs associated with the ongoing coronavirus pandemic rose.
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Mike Ashley’s Frasers swoops in with late rescue bid for Debenhams
Frasers Group has made a last-minute rescue bid for ailing department store chain Debenhams, with owner Mike Ashley vowing to save as many jobs as possible.
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Ann Summers launches CVA in bid to secure turnover-based rents
Ann Summers has launched a CVA for 25 of its 91-strong store estate in a push to secure turnover-based leases.
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Lidl joins retailers returning business rates relief with £100m payback
Discounter Lidl has become the latest retailer to agree to waive the business rates relief it received at the start of the pandemic by repaying £100m to the government.
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Primark posts ‘very strong’ sales after reopening post-lockdown
Sales at fashion powerhouse Primark have been “very strong” after stores reopened following national lockdowns, parent ABF reported.
