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Matalan has announced that it has successfully completed phase one of its digital transformation programme as it looks ahead to migrating to fellow retailer The Hut Group’s Ingenuity platform in 2022. Matalan said the move will result in significant improvements including increases in product availability and choice, the ability to see...

Tesco said they will introduce a refrigerated rail freight service that will lower its carbon emissions while reducing the number of lorries it needs on the road. The grocer has teamed up with Direct Rail Services for this initiative. The new service will be the first time Tesco has used refrigerated rail...

Currys has posted an uplift in first half profit despite a decline in sales due to supply chain disruption. The six months to 30 October saw the electrical retailer’s pre-tax profit climb to £48 million from £45 million in the prior year, although group revenue fell by 2% to £4.8 billion. While...

Restaurant chain Bill’s has shut 14 loss-making venues in its financial year after the pandemic hammered sales. In accounts filed to Companies House, the firm stated it made a £62m turnover for the 53 weeks to 3 January 2021. This was down on the £127m for the 52 weeks to 29...

H&M Group has shared their latest sales report which indicates a strong recovery as sales in the September to November period matched 2019 pre-pandemic levels. The Swedish fashion retailer reported that net sales for the fourth quarter increased up 8% to SEK56.81 billion (£4.69bn), while net sales in local currencies rose by 11%. For the...

Department store JC Penney is adding Forever 21 to its portfolio of fashion brands by making the clothing available in 100 JC Penney stores and on its ecommerce site. In a statement, the company said the move will bolster its position as a national retailer for teens and young adults through...

French luxury giant Chanel has appointed Unilever executive Leena Nair as its new chief executive officer, based in London. Alain Wertheimer, who co-owns the brand with his brother Gerard, will move to the role of global executive chairman. He has served as CEO since the departure of American fashion executive Maureen...

Aldi is to give all 28,000 of its retail store workers a pay rise from 1 February. The supermarket will pay all store assistants at least £10.10 an hour nationally and £11.55 for those inside the M25. It will also continue to offer paid breaks, which for the average store colleague...

New figures have revealed that retail footfall dropped by 1.1% last week from the previous seven day period despite the fact that Plan B Covid-19 restrictions had not fully come into force. The data from retail specialist Springboard shows that the number of visits to from Central London was down 3%...

Pepco Group has posted a 17.2% increase in full year revenue to €4.122 billion as it continues its roll out of new stores. In the year to 30 September, like-for-like sales increased by 6.5% after growing by 9.8% and 3.1 % at Pepco and Poundland Group respectively. The group’s gross profit margin...