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 7,000 of the homes would be built on sites in John Lewis’s existing portfolio, while the remainder will be on new sites.
The high street stalwart has said it wants to have a strong social purpose...
A third private equity company has said it is eyeing a takeover move for Morrisons, furthering speculation there could be a dramatic bidding war for the Yorkshire retailer.
Investment giant Apollo said on Monday it is considering launching its own bid after the Bradford-based supermarket chain agreed a £6.3 billion private equity takeover offer on Saturday.
Morrisons shares soared by more...
Sweets giant Haribo has revealed it is struggling to get stocks to stores across the UK because of a shortage of lorry drivers.
The German confectionery business, responsible for Starmix and Tangfastics, said: “As is the case with many manufacturers and retailers throughout the country, we are experiencing challenges with regards to the nationwide driver shortage.
“We are working with partners...
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 Walgreens Boots Alliance said it expected annual earnings per share to grow by around 10% compared to a year earlier.
The measure, which is adjusted and based on its continuing operations, compares to previous guidance of...
Electricals retailer AO World has revealed plans to expand further across Europe as it posted a surge in annual profits thanks to the shift to online shopping during the pandemic.
Chief executive John Roberts unveiled plans to more than double the size of the group under ambitious five-year goals, with aims to roll out to France, Italy and Spain and...
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 Foods (ABF) revealed that sales for the retailer hit £1.6 billion for the 16 weeks to June 19, “reflecting an increase in both confidence and willingness to spend by our customers”.
The discount fashion business saw...
Retailer JD Sports has increased its profit outlook after solid trading since shops reopened, but warned over the impact of the current resurgence in Covid-19 cases.
Britain’s biggest sportswear group said trading has been “particularly encouraging” in the UK since lockdown restrictions have eased, while most of its 3,300 stores worldwide are also now open apart from some across the...
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 said it intends to take business online “in a phased manner” from the end of August through to the end of September this year.
It added it would provide “support and transition assistance” to colleagues following...
Asda is hoping to take on the might of Amazon with the launch of a one-hour grocery delivery service – but each delivery will set you back £8.50.
The supermarket said it will become the first grocer to offer its full online product range, with customers living within a three-mile radius of its stores in Halifax, Rotherham and Poole the...
The face of retail is continually changing and our sector needs to leverage technology in order to respond effectively. But when it comes to front-line tech, our employees on the ground have been underserved. To meet this need and empower them to take ownership of our retail brand, we need to think simple.
The answer - digitising checklists, spaces and...