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Amazon CEO says job cuts to exceed 18,000 roles

January 5, 2023 1:28 pm Published by Natalie Fresen

Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. The online giant which employs... View Article

B&M posts strong trading in run-up to Christmas

January 5, 2023 8:46 am Published by Angela Beevers

B&M has seen its third quarter revenue increase by 12.3% year-on-year to £1.56 billion following strong trading in the run-up to Christmas. In the 13 weeks to... View Article

Wilko secures £40 million funding from Hilco

January 5, 2023 8:46 am Published by Angela Beevers

Wilko has secured a £40 million lifeline from restructuring specialist Hilco. The homewares retailer has agreed the two-year credit facility after falling to a £36.8 million... View Article

Trouva acquired by Re:store

January 5, 2023 8:43 am Published by Angela Beevers

Online homewares platform Trouva has been acquired by Re:store. Bought by collapsed furniture retailer Made in May last year, Trouva currently partners with over 650 independent... View Article

Wilko appoints new CEO as part of wider restructuring

December 21, 2022 5:16 pm Published by Natalie Fresen

Budget high street giant Wilko has appointed former Bensons for Beds boss Mark Jackson as its new CEO. Jackson, a restructuring expert, has been named CEO... View Article

Pets at Home appoints ex-Asda CEO Roger Burnley to board

December 21, 2022 8:46 am Published by Angela Beevers

Pets at Home has appointed former Asda chief executive Roger Burnley as a non-executive director. Due to take up his role on 14 February, he will... View Article

M&S to anchor South John Street at Liverpool ONE

December 20, 2022 8:42 am Published by Angela Beevers

Marks & Spencer is to become the anchor retailer at the Liverpool ONE shopping destination’s South John Street. With the new store set to open in... View Article

UK shopper numbers dented by rail strikes and snow

December 19, 2022 4:41 pm Published by Natalie Fresen

Shopper numbers across Britain fell 4.6% last week with rail strikes and cold snowy weather dealing another blow to the sector said market researcher Springboard on... View Article

Timpson announces free holidays for staff as owner buys holiday homes

December 19, 2022 4:36 pm Published by Natalie Fresen

Timpson is offering its staff members a free holiday in the latest gesture to its workforce. James Timpson, the head of the cobbler chain, spoke out... View Article