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Screwfix has reached a milestone of £2 billion in sales in the year to January 2021 after opening 30 new stores. The retailer now has a total of 725 stores across the UK and Ireland. To power the growth, Screwfix has created 4,000 jobs in the last five years during which...

The Estée Lauder Companies has announced that Gregory Polcer, its executive vice president for the global supply chain, has decided to retire. He will be succeeded by Roberto Canevari who will take up the role on 1 May, although Polcer will remain with the business until 1 July to ensure a...

From 1998, Timm worked with PVH Group where he held a variety of management roles. His most recent position was chief commercial officer at PVH Euriope. In his new role, he has joined the company’s management board and will be responsible for delivering a premium shopping experience for Hugo Boss customers...

Walgreens Boots Alliance has announced that Roz Brewer will become its new chief executive on 15 March. She will replace Stefano Pessina who, as previously reported, is moving to the role of executive chairman of the business. Brewer most recently served as chief operating officer and group president at Starbucks Corporation,...

Lidl is to award all UK front-line staff a one-off £200 payment to thank them for their work and dedication during the coronavirus pandemic. The supermarket will make the payment to customer assistants, warehouse operatives and cleaners working in over 800 stores and 13 distribution centres. In addition, Lidl will give...

Fashion retailer Quiz saw its first half group revenue drop to £17.2 million from £63.3 million in the same period in the previous year. The decline was due in part to the closure of the retailer’s stores and concessions for a number of months during the coronavirus pandemic. In the six...

Bloom & Wild has secured £75 million Series D funding in a round led by US investor General Catalyst with participation from Index Ventures, Novatar, Latitude Ventures, D4 Ventures and existing investors Burda Principal Investments. The funding will be used to help Bloom & Wild expand in Europe.Aron Gelbard, co-founder and...

Westfield Stratford City shopping centre will be the home of a new Covid-19 vaccination centre from this week. Set up and run by East London NHS Foundation Trust, the centre will be open from 8am to 8pm seven days a week and will offer vaccinations on an appointment basis to people...

Online beauty retailer Feelunique saw its sales increase by 39% to £28 million in the 12 weeks to 3 January after its number of active customers grew by 41% to 1.3 million. Sarah Miles, chief executive of Feelunique, said the retailer is on track to exceed £100 million in sales and...

John Lewis has made an early repayment of a £300 million HM Treasury and Bank of England Covid Corporate Financing Facility. John Lewis Partnership said in a statement: “Despite the head winds of the last year when John Lewis stores were closed for several months, and future trading volatility, the partnership...