Ted Baker set to slide to £65m loss after dive in store sales
Ted Baker is expected to tumble to a £65 million loss after sales were slashed by the pandemic.
The enforced closure of bricks and mortar...
Asda bought by billionaire Issa brothers in £6.8bn deal
A consortium of Zuber and Mohsin Issa and private equity firm TDR Capital will take a majority stake in Asda from Walmart in a...
Watchdog says findings back decision to block JD Sports’ Footasylum takeover
The UK competition regulator has said it still has concerns that JD Sports’ proposed takeover of rival Footasylum could “lead to a worse deal...
Retail industry to see footfall drop by 62% this Christmas
Retail intelligence experts Springboard predicts that over the six weeks from Sunday 22nd November to Saturday 26th December, footfall across all UK retail destinations...
Cake Box sales jump as retailer opens 20 new stores
Cake Box has revealed that its sales have almost doubled for the past six months amid a strong recovery in customer demand.
The high street...
Handbag Clinic Secures Significant Investment for Growth and E-commerce Innovation
Luxury handbag restoration and preowned designer resale retailer, The Handbag Clinic has secured a significant capital injection to accelerate its growth in the UK...
Aldi announces pay rise for 28,000 staff to more than £10 an hour
Aldi has announced plans to match discount rival Lidl in the amounts it pays staff.
The supermarket said store assistants will see their pay hit...
CACI Data Highlights UK Spots Where Independent Businesses Flourish
CACI, the consumer and data solutions specialist, has conducted special research for Independent Retailer Month, revealing which UK locations have embraced independent retail the...
Boohoo doubles its market share in the UK and US
Online fashion giant Boohoo has revealed it doubled its market share in the UK and US since the start of the pandemic but profits...
Shop prices continue to fall as lockdown leads to heavy discounting
Shop prices continued to fall in March as the third consecutive month of lockdown led many retailers into heavy discounting, figures show.
Overall prices fell...