James Davey

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Britons Switch To Own-label And Value Ranges To Fight Inflation

British shoppers swapped branded items for cheaper own-label products and turned to value ranges to help manage grocery inflation which soared to 8.3% in the four weeks to June 12, its highest level since April 2009, industry data showed on Tuesday.
Jun 21, 2022

Rowe To Exit M&S With Jump In Profit, But Much Still To Do

Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six years in the top job, with his internal successor set for a baptism of fire amid a worsening cost-of-living crisis.
May 20, 2022

UK's Boohoo Warns Of Slower Growth As Supply Issues Weigh

British online fashion retailer Boohoo warned sales growth would slow this year, hit by a squeeze on consumer spending, higher product return rates and continuing supply chain and delivery problems, sending its battered shares even lower on Wednesday.
May 04, 2022

M&S CEO Steve Rowe To Step Down In May

Steve Rowe will step down as chief executive of Marks & Spencer in May after six years in the job, with the British retailer opting for continuity by choosing two of his senior lieutenants as his successor.
Mar 10, 2022

Britain's M&S Opts For Continuity As CEO Checks Out

Steve Rowe will step down as chief executive of Marks & Spencer in May after six years in the job, with the British retailer opting for continuity by choosing two of his senior lieutenants as his successor.
Mar 10, 2022