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Economy
BoE raises interest rate for 12th time to 4.5%
The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…
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People Moves
Nordstrom appoints Cathy R. Smith as CFO
Nordstrom has announced the appointment of Cathy R. Smith as chief financial officer, effective 29 May, 2023. Smith joins Nordstrom…
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Department Stores
John Lewis chair receives council backing despite disapproval on performance
John Lewis chair Dame Sharon White has been backed by the John Lewis council on whether they have confidence in…
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Supermarkets
Asda targets Express expansion with new Caine store
Asda has announced plans to open a convenience store in Calne on Tuesday 23 May, which will mark the retailer’s…
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Supermarkets
Lidl to add over 1,500 warehouse staff amid new distribution centre plans
Lidl GB has announced that it is recruiting over 1,500 warehouse colleagues across its existing regional distribution centre (RDC) network,…
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People Moves
Stone Islands appoints Robert Triefus as CEO
Moncler Group and Sportswear Company S.p.A., the company that develops, produces, and distributes the Stone Island brand, has announced the…
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High Street
UK footfall jumps 7.2% in April
Footfall rose by +7.2% from March to April, reversing a drop of -2.8% from February to March according to the…
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Health & Beauty
L’Occitane sales jump 17% to €2.1bn
Beauty retail group L’Occitane has revealed its net sales jumped 17% to €2.13bn (£ 1.85bn) in the 12 month period…
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High Street
Nisa to open a further 400 stores in expansion drive
Nisa, the wholesale and independent retail specialist, is set to open a further 400 stores this year as part of…
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Supermarkets
Grocery sales fall to 7% amid rise in promotional spending
Total Till grocery sales were subdued in April falling back from 11.7% to 9.7% amid a surge in spending on…
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