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A new report by the British Retail Consortium has warned that there could be “900,000 fewer jobs in retail by 2025” as accelerated store closures and productivity improvements continue apace. The report, Retail 2020: Fewer but better jobs, is the first of three reports to be published on the future...
Supermarket chain Tesco is giving its customers a choice between three local community projects to see which one gets the majority share of the money that has been raised from the sale of plastic bags. Grants of £8,000, £10,000 and £12,000 are being given to charities via the new ‘Bags of...
It has been announced that supermarket giant Morrisons is to team up with online giant Amazon to supply food to its Amazon Prime Now and Amazon Pantry service customers. The new facility which will be available later this year, will supply items such as frozen, fresh and non-perishable goods. Morrisons chief executive,...
Bike retailer Ribble Cycles has appointed Sports Direct and Very.co.uk director Jon Owens as CEO and Matthew Lawson as Chief Digital Officer. Mr Owens drove a 20% per annum increase in sales during his time at Sports Direct and has also spent time at Very.co.uk, Asda and Walmart in a variety...
Antipodean electronics retailer Dick Smith has said that it will be closing all 363 stores in the next eight weeks, with the loss of 2,890 jobs. The company went into receivership in January having amassed debts of $400 million. The eponymous founder accused private equity group Anchorage of “destroying” the business "When...
DIY retailer Screwfix has launched a free guide aimed at helping tradespeople hire apprentices, launched this week at the company’s Brixton store by Secretary of State for Business, Innovation & Skills, Sajid Javid MP. The booklet, ‘Your Guide to Hiring an Apprentice,’ will be available in Screwfix stores across England. Chief executive...
It has been announced today that Claus-Dietrich Lahrs, chief executive of fashion retailer Hugo Boss is to step down as part of a ‘mutual agreement’. The news follows the announcement that the company is expecting “low double-digit” decline in its annual results for 2016 sending shares to their lowest point...
Ex-McDonald’s executive Pierre Woreczek has joined Kingfisher as its first chief customer officer. With a 10 year history behind him at the fast food chain, Mr Woreczek’s most recent position was chief strategy, customer and digital officer. Mr Woreczek commented: “This is a great opportunity to join a business at a...
A new strategy is starting to yield results for Esprit, which is buoyant in its outlook despite a first-half loss due to weakened demand in China. Net loss for the Hong Kong-listed fashion retailer amounted to HKD238 million (£22 million) for the six months to 31st December, compared to a profit...
The Hut Group has acquired the Grow Gorgeous haircare brand, currently sold in Boots and Selfridges and which generates annual sales of between £10 million and £20 million. According to Sky News, the e-tailer has bought the brand from the Deciem beauty house in Canada. The group’s portfolio already spans sectors from...
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