Mothercare looks to almost halve number of UK stores

Mothercare used to have almost 400 stores, but will now have about 80 to 100. Photograph: Rex Mothercare is to almost halve the size of its UK chain and stop selling clothes for older children as it tries to carve out a profitable future on the high street. Mark Newton-Jones, Mothercare chief executive, said it... Continue Reading →

Serious Fraud Office steps up BHS investigation

The Serious Fraud Office has stepped up its inquiries into the collapse of BHS and the conduct of the department store chain’s former owner Dominic Chappell. The Guardian understands that the SFO has contacted individuals involved in running BHS before it fell into administration in April, and the administrators themselves, and asked for a series... Continue Reading →

WHSmith accused of hiking prices at hospitals Shop forcing people to pay almost double for some items in hospital stores A4 notepad was £12.99 in hospital outlet compared to £8.99 on High Street MP Paula Sherriff called the practice 'exploitative' and 'completely unfair' Comes after company demanded boarding cards at airports without passing on VAT... Continue Reading →

Tesco set to announce record £5bn losses 

The supermarket group's boss, Dave Lewis - who replaces axed chief Philip Clarke last year - has vowed to turn the company's fortunes aroundTroubled retail giant Tesco is set to announce record losses of up to £5billion this week – the worst performance in its 97-year history.Clive Black of stockbrokers Shore Capital said Wednesday’s announcement will be... Continue Reading →

Apple’s retail chief admits that the Apple Watch launch didn’t go as planned

Getty Images EntertainmentAAPLApr 16 05:00PM126.17-0.61-0.48%Apple retail chief Angela Ahrendts on Thursday sent a memo to Apple employees that explained the shipping delays for the Apple Watch, and she hinted that the company would return to iPhone-style launches with lines outside its stores.The French Apple news site obtained the memo, which goes into detail on the... Continue Reading →

Morrisons to cut 700 head office jobs

Morrisons is to cut more than 700 head office jobs in a sweeping clearout by its new boss that will reduce staff at the grocer’s Bradford site by nearly a third.David Potts, a month into his role as chief executive, has already axed half of his top management team and is now turning his attention to... Continue Reading →

Mothercare plans to axe up to 140 shop managers

Mothercare plans to cut up to 140 shopfloor managers as part of an overhaul of the loss-making UK chain. The company said 620 middle managers had been put at risk of redundancy, with 120-140 jobs expected to go as new roles are created. Mothercare employs about 5,000 people in its UK shops.The move would save £1.3m and help reduce Mothercare’s... Continue Reading →

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