Pandemic

Today’s news in brief-16/1/24

Card Factory reported a 10% increase in total sales for the 11 months ending December 2023, reaching £476.9m, driven by…

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Ocado returns to earnings growth as sales soar

Ocado has returned to positive earnings in its full-year results after sales soared over the year, in part boosted by…

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John Lewis appoints department store and operations directors

The John Lewis Partnership has announced the appointment of Peter Ruis as executive director of the retailer’s department stores and…

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A guide to effective crisis management for retailers

Prepare in advance The first step in crisis management is proactive preparation. Retailers should develop a comprehensive crisis management plan…

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Today’s news in brief-8/1/24

The UK retail sector faced challenges as almost 120,000 jobs were lost and over 10,000 stores closed, according to data…

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iSmash eyes sale amid growing losses

iSmash is reportedly exploring a possible sale of the business after its auditors warned of a ­“material uncertainty” over its…

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120,000 retail jobs lost in 2023

Almost 120,000 retail employees lost their jobs in 2023 after more than 10,000 shops shuttered over the year, according to…

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Food and health and beauty to perform better in 2024

Food and health and Beauty are expected to be two of the best performing retail categories for 2024, according to…

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Barbour FY23 profits fall despite healthy sales rise

Barbour has revealed that operating profits fell 15% to £34.3m for the year ended 30 April 2023, despite seeing sales…

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Today’s news in brief- 22/12/23

Nike has announced a cost-saving plan of $2bn over the next three years and revised down its sales forecast. This…

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