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

John Lewis unveils plans to move into home rental market

Department store John Lewis has announced plans to build 10,000 rental homes over the next few years to help address the national housing crisis. Around...

Third private equity firm mulls bid to buy Morrisons

A third private equity company has said it is eyeing a takeover move for Morrisons, furthering speculation there could be a dramatic bidding war...

Boots owner ups outlook after high street footfall ‘shows signs of recovery’

The company behind Boots has upped its outlook for the financial year after its UK stores were given a boost by high street reopenings. The...

AO World sets sights on European expansion after pandemic profit boost

Electricals retailer AO World has revealed plans to expand further across Europe as it posted a surge in annual profits thanks to the shift...

Primark sets new sales records after post-lockdown demand surge

Several new sales records were set in Primark stores following the easing of lockdown restrictions, the owner of the high street retailer said. Associated British...

JD Sports ups profit outlook but remains cautious amid rise in Covid cases

Retailer JD Sports has increased its profit outlook after solid trading since shops reopened, but warned over the impact of the current resurgence in...

High street retail giant Gap to close all UK and Ireland stores

High street retail giant Gap has announced it will be closing all stores in the UK and Ireland by the end of 2021. The company...
Currys PC World owner Dixons Carphone is to update investors on Wednesday

Dixons Carphone set to net £151m profit as online growth plan pays off

Dixons Carphone is expected to reveal £151 million in profits for the past year after it saw its online-focused strategy shift accelerated by the...

Burberry boss quits £2.3m-a-year job to return to Italy

Marco Gobbetti has quit as chief executive of luxury fashion brand Burberry after nearly five years in the job. The boss, who replaced Christopher Bailey...

JD Sports to buy majority stake in Spain’s Deporvillage in £120 million deal

JD Sports is set to buy a majority stake in Spanish retailer Deporvillage in a deal worth about £120 million (140.4 million euros). Shares in...

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