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Retail
Adidas increases its full-year guidance after implementing turnaround plan
Adidas has raised its full-year forecast for the second time this year, in just three months. This is the latest sign that the turnaround plan of its CEO's is gaining momentum.
Sportswear Group now expects an operating profit of €1bn…
Ocado to keep London listed as it improves forecast
Ocado's boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100.
Tim Steiner said that he did not plan to take the online grocery group private or move its listing…
Burberry profit warning prompts investors to sell off shares
Burberry's chief executive has been fired and its dividend canceled after the latest of a string of profit warnings.
The shares of the British luxury brand plunged after the announcement that Joshua Schulman had been appointed to replace…
Shein’s pursuit for London IPO brings UK regulator into spotlight
Lawyers say that Shein's pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance Britain’s reputation as a country with strong…
Carpetright put on sale
Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs.
PwC has been appointed to launch the formal sale process by the flooring retailer. The company, which has over 3,000 employees and…
Mike Jatania is close to a deal with The Body Shop
Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save the remaining high-street chain.
Mr Jatania, it is believed, is part of a group that has engaged in exclusive discussions…
Ocado robots march on to third Japanese warehouse
Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners.
The online supermarket group and technology company announced that it would expand its partnership with Aeon - Japan's largest grocery retailer…
British Airways faces a compensation bill of up to £100m for passengers who are delayed in a legal…
If a landmark case against British Airways or easyJet is successful, millions of passengers may be compensated for delayed flights.
British Airways and easyJet have been fighting to dismiss the case. This could force airlines to pay…
Tesco employees to share £30m windfall
The employee share scheme of Britain's largest supermarket chain is set to pay out more than £30million in total.
Tesco announced that over 20,000 employees, who work mainly in its stores and warehouses, will benefit from the growth of…
Marks & Spencer defends 3p annual dividend
Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses.
At the retailer's annual meeting, held on Tuesday evening, several investors…
Dragon’s Jessops camera chain faces closure due to unpaid taxes
HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons' Den actor.
If the retailer fails to pay its tax, it could fall into insolvency. It has…
M&S adds smaller sizes of women’s clothing to its stock due to increased demand
Marks & Spencer has increased its stock of women's clothing in smaller sizes after a surge in sales left gaps in the shelves.
Stuart Machin is the chief executive at the high-street stalwart. He said that, three years ago, about a…
Marks & Spencer launches clothing repair and alterations services
Marks & Spencer will launch a clothing-repair service.
Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused.
It has partnered…
THG and Frasers combine forces to make retail more profitable
Mike Ashley's Frasers Group forged an agreement with THG, which will make it the first third party retailer to use their buy-now-pay-later product.
The multi-year agreement will see the online retail company behind brands such as Cult…
John Lewis Clothing range aims to minimise waste and maximise durability
The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year.
John Lewis has launched the first products of a new clothing range…
Frasers purchases THG’s Coggles site as they announce partnership deal
Mike Ashley's Frasers bought luxury goods sites from THG. The deal also includes selling the protein powder of the online health, beauty and wellness retailer in Sports Direct stores.
THG announced on Monday that it sold Coggles and…
Shein filed for London listing early in June, according to sources
Shein, according to sources, filed confidential papers with Britain's market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year.
Reuters reported May that…
Ocado shares plummet after Canadian grocery retailer halts robotic storage build
Ocado shares fell up to 17.6 percent on Thursday, after the UK-based grocery and technology firm announced that a deal for a robotic warehouse at Canadian supermarket chain Sobeys had been halted. The company also said their partnership was…