The John Lewis Partnership (JLP) has narrowed its losses despite taking a £54 million hit from redundancies.
The retail giant unveiled a £29 million pre-tax loss for the half-year to July 31, representing a significant improvement from the £635 million loss it posted for the same period last year.
JLP’s chairman, Sharon White, said the loss was better than the group’s...
Pets at Home has become the latest retailer to agree to close all stores on Boxing Day this year.
Bosses said sites will shut on December 26 as a thank you to staff for their hard work during the year, which saw stores remain open throughout the pandemic due to its “essential” retailer status.
The company pointed out that stores were...
The huge increase in online shopping over the past decade or so has had a major impact on department stores, with many consumers turning to Amazon, eBay and other online shops for shopping, rather than a more traditional trip out to a physical store.
This has been exaggerated further over the past 18 months during the Covid-19 pandemic, with the...
Grosvenor Britain & Ireland (GBI) has announced the arrival of three new independent brands at Liverpool ONE.
Totalling over 6,300sq ft, the signings of leading Irish athleisure brand, Gym+Coffee, local jewellery brand, Say it with Diamonds, and fast-growing Liverpool-based coffee operator, Bean, are reflective of GBI’s commitment to supporting entrepreneurs and community-based businesses.
Gym+Coffee has signed for a 1,500 sq ft...
JD Sports revealed a surge in profits as pent-up demand from shoppers returning to stores and strong online sales helped drive the retailer to a “record first half” of trading.
Shares in the company jumped on Tuesday morning after the sportswear retailer revealed a pre-tax profit of £364.6 million for the six months to July 31, compared with £41.5 million...
Primark has committed to making all of its clothes using recycled or more sustainably-sourced material by 2030 while promising the move will not result in higher prices.
The fast fashion giant also said it will strengthen the durability of its clothes so they last longer and design garments so they can be recycled.
The retailer’s new sustainability strategy includes halving its...
The John Lewis Partnership has revealed plans to recruit more than 7,000 temporary roles across the country this Christmas.
Bosses at the employee-owned business behind John Lewis and Waitrose said this would be 2,000 more than last year, to meet expected increased demand over the festive period.
The hires will be spread across its supermarkets, department stores and fulfilment centres, including...
Secret Sales has hired an elite senior leadership team to drive rapid growth, as the company expands both domestic and international operations.
The premium ecommerce marketplace is strengthening its senior management tier with six newly created director-level positions, appointing accomplished retail names who will help the business realise its ambition to become the largest non-full price marketplace for fashion and beauty...
Sainsbury’s has said it will keep all its stores shut this Boxing Day.
The UK’s second largest grocer said it will keep all of its supermarket, convenience stores and petrol filling stations shut as a “thank you” to its roughly 170,000 colleagues.
It comes after rivals including Morrisons, Waitrose and Marks & Spencer said they will also keep stores shut on...
Tesco is extending its zero-waste shopping service from online to stores to allow people to buy products from laundry detergent to ketchup in refillable packaging.
Customers in 10 Tesco stores in the east of England can now buy products in reusable packaging that can be returned when finished so it can be cleaned, refilled and used again.
The introduction of Loop...