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The latest news from the retail industry

Commercial property giant launches Microshops for start-up retailers

National commercial property and investment company LCP has launched a new and exciting retail concept, aimed at attracting fledgling retailers who want to try...

Footfall on the up but will not return to pre-pandemic levels soon, figures show

Retailers are unlikely to see a return to pre-pandemic numbers of customers “anytime soon” despite the beginnings of a recovery after non-essential shops reopened,...

Superdry sees ‘light at end of the tunnel’ as sales growth returns

Superdry has said it can “clearly see the light at the end of the tunnel” as it returned to sales growth amid the reopening...

Former John Lewis boss Paula Nickolds joins Sainsbury’s

Sainsbury’s has hired the former boss of John Lewis to take charge of its clothing and homeware operations. The supermarket giant said Paula Nickolds will...
Next Financial

Next hikes profit targets as high street reopenings spark sales bounce

Fashion giant Next has lifted its profit targets for the year after recent sales bounced above expectations. The high street firm said it reported £75...

Retail footfall almost a third below pre-pandemic levels despite reopenings

Retail footfall significantly improved through April as pandemic restrictions were eased but remained firmly below pre-pandemic levels, according to new figures. The latest monthly monitor...

Online shoppers leave £100 of goods a month in ‘fantasy baskets’ – survey

Online shoppers abandon more than £100 worth of goods in baskets every month on average, a survey has found. Significant delivery costs, the desire to...

Issa brothers set to sell petrol stations to help secure Asda takeover approval

The billionaire brothers buying Asda have proposed selling 27 of their current petrol station sites in a bid to get the £6.8 billion takeover...

Klarna continues UK growth with new London HQ and expansion in Manchester

Klarna, the global banking, payments and shopping service, has reaffirmed its commitment to the UK with a new office in London and larger premises...

Debenhams reveals closing details for final 49 stores

Debenhams has said that its last stores will close on May 15 for the final time as it encouraged shoppers to take advantage of...