The battle to buy supermarket Morrisons has ended with private equity giant Clayton, Dubilier & Rice (CD&R) outbidding Fortress in a dramatic auction process.
The stock market’s Takeover Panel said Fortress offered 286p per Morrisons ordinary share, while CD&R offered 287p – meaning its bid amounts to an offer of almost £7 billion.
The final offer for the supermarket will now...
The COVID-19 pandemic forced retailers to pivot quickly. With recovery underway and customers returning to physical shops in larger numbers, retailers have continued to look to innovate to drive increased traffic back into their outlets. In response to lockdowns, businesses have implemented techniques that have proven to be incredibly beneficial and complement the traditional retail experience.
While Radio Frequency Identification...
Virgin Money has announced plans to close 31 stores with the loss of around 112 jobs.
Bosses said the move comes as more customers switched to online banking during the pandemic.
They said the number of customers using bank branches for day-to-day transactions has been on a downward trajectory across the UK banking industry for a number of years, and this...
H&M has almost tripled its profit for the past quarter on the back of a “strong recovery” in sales as restrictions eased across the globe.
The Swedish retail giant confirmed to shareholders on Thursday that it had reinstated its dividend for the first time in 18 months as a result.
It reported a pre-tax profit of 6.1 billion Swedish krona (£520...
Online fashion giant Boohoo has revealed it doubled its market share in the UK and US since the start of the pandemic but profits plunged following heavy investment during the year.
Sales rose 20% to £975.9 million in the six months to the end of August compared with a year earlier, but pre-tax profits dropped 64% to £24.6 million.
The hit...
It is your responsibility to provide your staff with personal protective equipment, commonly known as PPE. Protective equipment can reduce the number of injuries in your workplace and improve your workplace culture. PPE is a legal requirement in the UK, under the Personal Protective Equipment at Work Regulations 1992. You need to supply high-quality PPE that is well-maintained and...
Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls, today announced that Super Saturday is expected to be the busiest shopping day of the 2021 UK peak trading period.
The annual predictions for the global top busiest shopper traffic days are informed by retail traffic data analytics within the company’s intelligent operating platform, Sensormatic IQ.
The predicted busiest in-store shopping days in...
True Vintage was created in 2014 by Rory Westbrook, a university student with a love of fashion. It came about through his passion for loud stand-out designs and the idea of wearing clothes that are different to anything you’ll see everyone else wearing.
Here 365 Retail talks to Rory and e-commerce director Guy Westbrook to discuss the company’s continued growth,...
After an incredibly tough eighteen months or so, we have had a little time to catch our breath over the summer, to look at what we learned from the hard months of the height of the pandemic and to think about how we can best move forward.
However, you don’t need to be a business owner to know that we...
Fashion chain Quiz has seen shares plummet as it revealed annual losses more than trebled after lockdowns forced store closures and hammered demand for party wear.
The group’s delayed full-year figures showed underlying pre-tax losses widened to £9.6 million for the year to March 32 against losses of £3.1 million the previous year after revenues plunged 66%.
Shares in the group...