Nike outlines further job cuts as Greater China sales fall 26%
Sportswear giant targets $2.5bn (£1.89bn) savings through new Pace operating model as Q1 revenue slips 4%
Retail news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Aldi to open 24 new stores ahead of Christmas
Retailer to relocate sites in Sudbury, Sutton Coldfield and Wigan as part of year-end push
DFS appoints Elizabeth McMeikan as chair designate
McMeikan has held senior non-executive roles across consumer, property and manufacturing businesses
Former German Chancellor Schroeder Joins Supervisory Board Of Russian Retailer
Gerhard Schroeder has joined the supervisory board of the company that runs the Russian supermarket chain formerly belonging to German retailer Globus.
US pressures Europe to release diesel reserves as Trump weighs export ban
The US is pressing European countries to prepare to release diesel reserves as President Donald Trump considers restricting US fuel exports, amid record diesel prices in the UK.
Oliver Bonas launches first store in Tees Valley
Oliver Bonas is opening its first Tees Valley store at Teesside Park on 3 October, as the brand continues to expand its presence across the UK.
Aldi to open 24 new stores before Christmas in expansion push
Aldi is set to open 24 new stores before Christmas as part of its rapid UK expansion programme. The company, which currently operates 1,092 stores, is planning to open or…
Alex Dower appointed MD of Co-op Retail
Convenience retailer Co-op has appointed former Holland & Barrett CEO Alex Dower as managing director of its retail business. Dower has more than two decades of senior leadership…
Morrisons launches UK ‘supermarket-first’ grocery collection lockers
Morrisons has launched a new multi-temperature Click & Collect locker system in what it claims is a UK supermarket first. The company is piloting StrongPoint’s grocery locker…
Waitrose launches first ‘Made Without Nitrites’ gammon joint and lardons as demand soars
Waitrose is expanding its ‘Made Without Nitrites’ range, introducing a supermarket first with the launch of its ‘Made Without Nitrites’ Free Range British Unsmoked Gammon Joint…
Alex Dower appointed MD of Co-op Retail
Convenience retailer Co-op has appointed former Holland & Barrett CEO Alex Dower as managing director of its retail business. Dower has more than two decades of senior leadership…
Nike continues to cut back: new job losses after sharp decline in China
Now that the recovery is taking longer than expected, Nike is cutting jobs again. The sports giant is streamlining its global structure and aims to achieve $2.5 billion in cost…