Tesco is introducing a £5 million grant programme to give children across the UK a stronger start in life. The scheme was launched last week by Diversity star Jordan Banjo at the supermarket’s headquarters. Through a partnership with UK community charity Groundwork UK, the grants will help schools and children’s groups to...
Burberry has reopened its flagship store on London’s New Bond Street following a major refurbishment. Marking an evolution of the luxury brand’s store concept, the shop at 21-23 New Bond Street aims to offer an immersive shopping experience. The minimalist interior features an eclectic mix of contemporary furniture to create a stripped-back...
Footwear retailer Deichmann has opened a new store at the Ashley Centre in Epsom. The launch of the 3,498 square foot shop follows a £400,000 investment by Deichmann to make it reflect the brand’s new retail format to deliver a more spacious and modern shopping experience. The store offers Deichmann’s full range of...
Tesco has confirmed that Gerry Murphy will join its board and be appointed as its new chair on 1 September. Currently chair of Tate & Lyle and luxury brand Burberry, he will step down from his Tate & Lyle role on the same to date to ensure he has sufficient capacity...
The John Lewis Partnership is pressing ahead with plans to build and operate rental homes in areas where it has a local presence through Waitrose shops. The news follows the partnership’s announcement late last year that it was embarking on a multi-decade £500 million joint venture with investment company ABRDN. The partnership...
A recent study called “State of the Frontline Workforce 2023” surveyed 3,000 retail staff in the UK to understand their job satisfaction and career prospects. The results reveal a mixed picture: while the retail sector is more likely to recognise the value of its employees and provide opportunities for career growth...
Fashion retailer H&M’s shares rose 17% following the release of their second-quarter profit, which exceeded expectations. The company attributed the increase to cost-cutting measures and favorable weather conditions that benefited its summer collection. The stock reached its highest level since January 2022. H&M reported a 9% increase in net sales in the first...
Ted Baker has cut around 200 head office roles as part of a restructuring exercise. According to Drapers, the jobs were made redundant earlier this month across the fashion retailer’s sourcing, finance, production and footwear departments. Ted Baker was acquired by Authentic Brands Group in a £211 million deal in the autumn of last...
JD Sports has signed to take a new store at Epsom’s Ashley Centre. Set to open later this year, the 4,453 square foot space will be situated on Ashley Centre’s ground level near the central square, adjacent to the likes of Monsoon and New Look. The shop will offer the sportswear giant’s...
B&M has posted a 13.5% increase in first quarter group revenue to £1.32 billion. In the 13 weeks to 24 June 2023, the retailer enjoyed strong trading momentum across all three of its retail fascias. B&M UK grew its like-for-like sales by 9.2% after both its grocery and general merchandise categories performed well. Meanwhile...
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