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Retail business and financial news, including acquisitions, trading updates, regulation and deals affecting retailers and their suppliers.

Nearly 50 shops closed per day in first half of year, research shows

Almost 50 chain stores per day closed down on British high streets, retail parks and shopping centres in the first half of the year,...

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...

Britons splash out over bank holiday weekend as card use hits 21-month high

Britons used their payment cards more last weekend than at any point since Christmas 2019, before the pandemic struck, according to new data. Barclaycard, which...

Apple eases rules allowing app makers to email users about payment alternatives

Users of iOS who pay for services in-app could soon receive email offers about buying outside Apple’s marketplace, allowing developers to bypass the technology...

Contactless payment limit to jump to £100 in October

The limit on contactless payments is set to rise for the second time in less than two years from October as the Government tries...

New boss of Sports Direct owner could bag £100m shares bonus

The incoming chief executive of Sports Direct owner Frasers Group could pocket a £100 million shares windfall if he meets a “challenging but achievable”...

TikTok to let users shop through app with Shopify deal

TikTok users will soon be able to buy items directly through the short videos on the app – something they had only been able...

Sainsbury’s shares leap after private equity interest reports

Sainsbury’s shares surged after reports that a private equity giant is running the rule over the company to assess the potential for a takeover...

Markets rise as Marks and Spencer leads retail boom

Markets in London were driven by a boom in retail stocks on Friday despite new official figures showing a drop in retail sales. After trading...

West End shoppers return, but favour the weekend

Shoppers are returning to high streets again, especially at weekends, a real estate company based around London’s West End has said. Shaftesbury said the retailers...

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