Debenhams issues profits warning
Debenhams, which recently revealed that it has started on a programme of warehouse automation, has warned that pre-tax profit will be up to £15m less than expected for the current financial year.
Debenhams, which recently revealed that it has started on a programme of warehouse automation, has warned that pre-tax profit will be up to £15m less than expected for the current financial year.
UK pet supplies retailer Pets At Home is to implement a £2.5 million warehouse automation project from Conveyor Networks at its e-commerce distribution centre in Northampton to drive efficiencies, deliver real-time visibility and achieve greater productivity across operations.
House of Fraser is to close 31 of its 59 stores as part of a plan to become an e-commerce led retailer ‘offering a seamless multi-channel proposition and integration between in-store and online experience”.
Avenida Home, which makes place mats and drinks coasters, has chosen Walker Logistics handle its distribution.
Australian DIY business operator Wesfarmers has agreed to sell its Homebase business in the UK and Ireland to a Hilco Capital associated company for a nominal sum.
Marks & Spencer’s supply chains in both Clothing & Home and in Food require significant upgrades, the retailer told investors when it revealed a 62 per cent fall in pre-tax profit for the year to 31st March.
Tesco is to close its Tesco Direct, its non-food web site, saying that high fulfilment and online marketing costs had prevented it from delivering a sustainable offer as a standalone business.
Marks & Spencer has set out plans to close a further 14 stores as part of its plan to reshape its Clothing & Home space and take at least one third of its sales online.
Mothercare has set out plans to close 50 stores and find further cost savings of £5 million as part of a package to refinance the business.
Arcadia Group, which owns Top Shop, Burton and Dorothy Perkins, expects to open a new one million square foot distribution centre at Daventry in 2019, holding company Taveta Investments has revealed in its annual results.