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Retail
Apple Smashes Fourth Quarter Sales Records Despite EU Tax Hit
Tech giant Apple has delivered exceptional fourth quarter results, with record-breaking sales of £94.9 billion, outperforming Wall Street's projected figures. The impressive performance was primarily driven by robust iPhone demand, though…
GSK Maintains Annual Forecast Despite Vaccine Division Setback as New Drug Portfolio Shows Promise
British pharmaceutical giant GSK has held firm on its annual group forecasts despite experiencing a decline in vaccine sales, with strong performance in specialist medicines helping to offset the downturn. The FTSE 100 company reported a 2%…
Starbucks New CEO Unveils Bold Strategy to Revitalise Coffee Chain Performance
In a decisive move to counter declining customer traffic, Starbucks' newly appointed CEO Brian Niccol has revealed a comprehensive strategy focusing on traditional coffee house values and simplified operations. The world's largest coffee…
John Lewis wants to bring back the buzz with Jamie Oliver’s cooking school
John Lewis declared that the "buzz" was back as it announced an upgrade of its Oxford Street shop, which included a Jamie Oliver cooking school and a revamped beauty section.
The London store will offer more than 40 cooking classes, led…
Unilever’s sales are boosted by “power brands”
Unilever's third-quarter sales increased more than expected, as its ice-cream business grew ahead of the spin-off next year.
FTSE 100, which includes brands such as Marmite and Dove soap, reported a underlying growth in sales of 4.5…
Mike Ashley asks Boohoo for him to be the CEO
Mike Ashley, the retail tycoon, has made a bold bid to become CEO of Boohoo. He is pushing for a merger between Asos and the struggling fast fashion retailer.
Ashley's Frasers Group's proposal would reshape online fashion retail,…
Frasers Group criticises Mulberry’s management after abandoning its takeover plans
Mike Ashley's Frasers Group criticised Mulberry's management after it withdrew from its attempt to acquire the luxury handbag manufacturer following a number of rejected bids.
Frasers, Mulberry's 2nd largest shareholder, with 37% of the…
Halfords warns budget concerns make the near-term outlook “uncertain”
Halfords Group warns that consumers are delaying purchases of expensive items due to the uncertainty surrounding the economy, and the upcoming tax changes in next week's budget.
Like-for-like, the retailer and repair shop that sells…
General Motors increases profit guidance due to “resilient” consumers
General Motors' shares have soared after the automaker raised its profit forecast for the full year. This is due to the strong demand for SUVs and trucks.
Due to rising prices and consumer spending, the largest American carmaker by sales…
Report finds that serial returners in the UK send back online purchases worth £6.6bn a year.
A UK report found that shoppers who return goods purchased online will send back £1,400 worth of items each in this year. This totals £6,6 billion.
According to a report from ZigZag, a return logistics company, and Retail Economics, a…
Unilever’s sales are set to increase as the turnaround plan shows results
Unilever's third-quarter sales are expected to grow as it implements a turnaround strategy under the new CEO.
According to estimates, the maker of Marmite and Dove is expected to achieve a underlying growth of 4.2% in the last three…
N Brown takes Aim private, ending the market’s woes
After receiving a £191-million takeover bid from a member of Alliance's controlling family, the owner of Simply Be & Jacamo joins the list of UK struggling stocks that have been delisted from London's Aim junior market.
The shares of…
In the third quarter, Deliveroo sales increased by 6% to £1.8bn.
Deliveroo’s platform saw a 6 percent increase in transactions to £1.8 billion and a 2 percent rise in total orders during the third quarter.
The UK and Ireland customers increased their spending on the app 7 percent, but international…
Nestle reduces sales targets following backlash over price increases
Nestle counts the costs of pushing the prices of its bestselling brands out of reach of increasingly squeezed consumers. KitKat and Nescafe are among the 31 "mega brands" of the world's biggest foodmaker. Purina, the pet food brand, is also…
Boots parent company will close 1,200 stores
Boots, the parent company of Boots high-street pharmacy, will close 1,200 stores in America in the next three year as it struggles with a decline in consumer spending rates and low reimbursement rates for drugs.
Walgreens Boots Alliance,…
Mike Ashley’s bid for Mulberry creates rift with Mulberry’s main shareholder
Mulberry has seen tensions escalate as the two largest shareholders of the British luxury brand clash over its future ownership. The board of Mulberry said Monday it would be open to an improved bid from Frasers despite Challice's attempts…
Frasers Group’s Mike Ashley rejects Mulberry’s owner’s bid of £111 million pounds…
The Mulberry owner has refused to sell its shares after Mike Ashley's Frasers Group increased their bid of £111m.
Challice is a group controlled and owned by Singaporean entrepreneur Christina Ong with her husband Ong Beng Seng. They own…
Selfridges property portfolio reduced by more than £600m
Selfridges property portfolio's value was reduced by over half a billion pounds in the last year. This highlights the challenges that the department store group faces as it changes ownership for the second time within three years.…