More on Me + Em – Page 427
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News
New Look mulls pre-pack administration in bid for turnover-based rents
Struggling fashion retailer New Look is threatening landlords with a potential pre-pack administration in a bid to move its store estate over to turnover-based rents, Retail Week can reveal.
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News
CMA chair forced out following row with directors
The chair of the UK’s competition watchdog was forced to step down three years before his term after a row with its chief executive.
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News
Big brands join social media boycott over hate speech
Some of the world’s biggest brands have axed advertising on social media as a campaign against hate speech gathers pace.
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News
Microsoft to shut all of its stores worldwide
Technology giant Microsoft is to close all 83 shops globally and focus on selling online instead.
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News
The Hut Group ponders £4bn share sale
Online powerhouse The Hut Group is in talks with potential investors about a sale of shares that could value it at as much as £4bn.
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Pensions giant pushes for Intu Trafford Centre sale
A pensions group that took control of the Trafford Centre when owner Intu collapsed on Friday hopes to secure a speedy sale of the trophy mall.
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Analysis
Analysis: As Intu collapses, is the shopping mall dead?
As shopping centre giant Intu plunges into administration, Retail Week asks whether the mall is dead?
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Retail Voice
The need for sustainable sustainability
The coronavirus pandemic may have dominated the world’s attention in recent months, but the sustainability agenda remains just as critical, says Microsoft’s Kris Shea.
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Analysis
Analysis: What Tesco’s ‘coronavirus quarter’ reveals about the future of grocery
Tesco chief executive Dave Lewis signed off his tenure by detailing a trading period “beyond imagination” as the coronavirus pandemic transformed food shopping patterns. We look at the implications for Tesco and the grocery market.
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News
Tesco blindsided by shareholder revolt on executive pay
UK’s biggest grocer Tesco has suffered a major shareholder revolt over executive pay, despite posting impressive first quarter results earlier today.
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H&M sales slip but retailer predicts imminent recovery
H&M reported that its sales slumped during the first half of the year as the effects of the pandemic bit, but predicted that a recovery was on the horizon.
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News
M&S and Next eye Victoria’s Secret UK arm
High street stalwarts Marks & Spencer and Next are understood to be mulling bids for beleaguered lingerie brand Victoria’s Secret’s UK division.
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News
Intu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
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News
Nike sales plunge amid pandemic store closures
Nike has posted a drop in its quarterly sales with rising online revenue failing to offset declines.
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News
Boohoo bosses in line for £150m bonus in new incentive plan
The bosses of pureplay fashion powerhouse Boohoo are in line for a £150m bonus if shares rise by two thirds over the next three years as part of a new incentive scheme.
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News
Sosandar appoints new finance director
Sosandar has appointed Stephen Dilks as its new finance director, to replace head of finance James Bowling.
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News
Card Factory chief executive Karen Hubbard steps down
Card Factory boss Karen Hubbard is stepping down from her role at the end of this month after four years at the helm.
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News
Tesco first-quarter sales jump driven by lockdown ecommerce surge
Tesco has reported strong sales growth in its first quarter bolstered by online as lockdown measures prompted a surge in demand.
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News
Intu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
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News
Retail landlords collect less than 15% of rent owed on quarter day
Retail landlords received a fraction of due rent on quarterly rent day earlier this week, with Boots among the big name retailers that withheld some payments.