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Frasers buys Studio Retail out of administration

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Mike Ashley’s Frasers Group has bought online retail business Studio Retail out of administration, saving 1,500 jobs, it said. The company behind Sports Direct and...

January retail sales bounce back after Omicron disruption

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Shoppers returned to the high street in droves last month as UK retail sales rebounded after the impact of the Omicron variant of coronavirus...

Card payments in Singapore to grow by 8% in 2022, says GlobalData

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Card payments in Singapore are set to rebound with 8% growth in 2022, with improving economic conditions, forecasts GlobalData, a leading data and analytics...

The French Bedroom Company reports record revenue growth

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Luxury home e-commerce brand of timeless French-style furniture, The French Bedroom Company, is defying pandemic and Brexit pressures by reporting record revenue growth of...

Barclays calls for more robust regulation of all buy-now-pay-later products

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Barclays is calling for more robust regulation of all buy-now-pay-later products as new research suggests the lack of consistent affordability assessments among short term...

Buy now, pay later firms making contract terms fairer and easier to understand

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Some buy now, pay later firms have agreed to change terms in their customer contracts to make them fairer and easier to understand. The Financial...

Studio Retail Group to file for administration

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Studio Retail Group, which counts Mike Ashley’s Frasers Group as its biggest investor, is to hire administrators after failing to secure an urgent £25...

Shoppers see sharpest price rises since 2012 as cost of living crisis bites

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Shoppers have been hit by the highest price rises in almost 10 years after shop inflation almost doubled over the past month, new data...

Joules sales up but profits dented by Covid costs and supply chain issues

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High street fashion retailer Joules has said sales are up but extra costs mean profits will be well below those predicted after it suffered...

Hundreds of jobs to go as Tesco axes counters and Jack’s discount shops

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Tesco has said it will shut meat, fish and deli counters across 317 of its stores and close its Jack’s discount supermarket arm. The company...