Wednesday, May 23, 2018

Carpetright launches £60m funding round

Carpetright has officially announced the start of its £60 million emergency fundraising drive as part of its restructuring plan.
CMA Sainsbury's-Asda

Sainsbury’s-Asda merger inches closer to competition probe

The UK's peak competition authority has taken one step closer to commencing full-blown probe into the Sainsbury's-Asda merger.
Royal Wedding retail

Retailers anticipate £225m spending boost from Royal wedding

Retailers are hoping to rake in a share of the £225 million that Brits are expected to spend as part the Royal wedding weekend.
Dunelm CFO

Dunelm hires Laura Carr as new CFO

Dunelm has appointed Laura Carr as its new CFO, succeeding Keith Down who is stepping down.
Ocado shares

Ocado overtakes M&S in stock market value

Ocado shares have soared almost 45%, adding £1.6bn to the online grocer's stock market value.
Monsoon

Monsoon reduces losses but fails to return to profit

Monsoon has seen its losses dramatically ease following dismal results last year but has failed to return to growth.
Mothercare full year update

Mothercare records 88% plunge in profit and swings to red

Mothercare has laid bare its financial struggles in its annual report just hours after launching a CVA.
Asda update

Asda sales rise for fourth consecutive quarter

Asda's sales have increased for the fourth quarter in a row, but profits took a hit as the grocer sought to keep prices down.
Pension

M&S offloads £1.4 billion of its pension liabilities

Marks & Spencer has reportedly transferred £1.4 billion in pension liabilities to insurance firms as it looks to reduce the risk

Urban Outfitters to open 30th UK store at The Brewery Quarter

Urban Outfitters is set to open a new 8000sq ft stores in Cheltenham’s newly extended Brewery Quarter.

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The Definitive Guide To Increasing Email Revenue

What’s your most profitable channel? For most retailers, it’s email. It’s so effective that for more than two-thirds of marketers surveyed by Sailthru, increasing revenue from email...