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

Retail sales fall in July for first time since shops reopened

UK retail sales slipped last month to the weakest performance since shops reopened in April after lockdown restrictions, according to official figures. The Office for...

Marks and Spencer says turnaround plan working as it upgrades profit targets

Marks & Spencer has said its turnaround plan is working as the retailer upgraded its profit targets after strong food and clothing sales. Shares soared...

Bidding war heats up at Morrisons with new £7bn bid by US private equity...

US private equity firm Clayton, Dubilier & Rice (CD&R) has announced a new £7 billion bid for supermarket Morrisons. The deal has been unanimously accepted...

John Lewis launches savings accounts amid push away from retail

John Lewis will offer new savings accounts for customers amid a diversification push away from retail. The high street institution’s Individual Savings Accounts for both...

Business rates plans will make appeals more onerous and expensive, advisers warn

The Government’s latest proposals for business rates reform will create more difficulties for businesses launching appeals than benefits, property consultants have warned. Experts at real...

Just Eat delivers 135m orders in six months

The number of orders placed on Just Eat in the UK soared by 58 million in the first six months of 2021 to 135...

Hotter reports double hike in casual shoe sales through lockdowns and beyond

Hotter, the comfort footwear brand, which has more than 4 million customers worldwide, has this week announced that the sale of active and outdoor...

Strong back-to-school shopping season expected in coming weeks, study suggests

UK retailers are gearing up for a strong back-to-school shopping season in the coming weeks as “brick and mortar browsing” regains momentum, research suggests. Retail...

Investors look to earnings and US strategy in Just Eat’s results

Food delivery company Just Eat Takeaway.com is expected to report a drop to negative earnings in the first six months of the financial year. Investors...

Boohoo to create 5,000 jobs in expansion plans

Online retailer boohoo has announced plans to create 5,000 jobs by expanding its warehouse and building new IT systems over the next five years. The...

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