A nationwide competition to celebrate the pride and commitment of people working in physical stores during Covid has announced its overall winner today (23rd August): The Co-op Food Store in Hornchurch, Romford.
The top Proud of My Store prize was scooped by manager Claire Saunders (pictured) and her team for their story of triumph over adversity, using team work and...
Morrisons agreed a £7 billion offer on Thursday evening in the latest twist in the UK supermarket chain’s dramatic takeover battle.
Shares jumped on Friday morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R).
It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, increased its offer to...
Markets in London were driven by a boom in retail stocks on Friday despite new official figures showing a drop in retail sales.
After trading in the red during the early part of the day, the FTSE 100 ended 0.4% in the green at 7,087.9 points, a rise of 29.04.
News from Morrisons and Marks & Spencer pushed the two chains...
Shoppers are returning to high streets again, especially at weekends, a real estate company based around London’s West End has said.
Shaftesbury said the retailers in its buildings have reported improving trade, focused on the weekend.
Weekly footfall is now at between 50% and 60% of its pre-pandemic levels, Shaftesbury said.
It put the tentative recovery down to the return not just...
Amazon plans to open several large physical retail locations in the US that will operate like department stores, according to a report in the Wall Street Journal.
The stores will be about 30,000 sq ft in size and will offer products from well-known consumer brands. Sources said the company's private-label goods are expected to feature prominently.
The company has opened brick-and-mortar book...
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 National Statistics (ONS) said retail sales volumes dropped by 2.5% between June and July 2021 but remain 5.8% ahead of pre-pandemic levels.
It said this was partly driven by a decline in food store sales which...
Marks & Spencer has said its turnaround plan is working as the retailer upgraded its profit targets after strong food and clothing sales.
Shares soared after the high street stalwart said it is on track to surpass the top end of its previous profit guidance of £300 million to £350 million for the year.
M&S said it believes the performance provides...
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 by the board of the grocer and directors have said shareholders should vote in favour of the takeover at a meeting due in early October.
It means the company has withdrawn its recommendation for investors to...
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 adults and children will launch on Thursday through a collaboration with digital wealth manager Nutmeg.
This is one of several steps by John Lewis, which also owns Waitrose, to move away from its reliance on retail.
By...
As many as 1,500 convenience stores across London and the south east could face delivery shortages over pay disparities caused by HGV bonuses handed out by Tesco, a union has announced.
Unite the Union said bosses from the supermarket’s wholesale division, Booker, were “missing in action” after failing to engage in talks about the discrepancies.
Drivers will now be balloted on...