Retail

Marks and Spencer has gained approval to demolish its iconic art deco store on London's Oxford Street, following a decisive intervention from UK Housing Secretary and Deputy Prime Minister Angela Rayner. The landmark decision arrives after…

In a strategic move that signals mounting pressure on British high street retailers, Chinese e-commerce powerhouse Temu has initiated recruitment of UK-based suppliers for its flourishing shopping platform. The company's expansion marks a…

The billionaire Kamani family, the driving force behind fast-fashion retailer Boohoo, has demonstrated unwavering confidence in the company's future by contributing £15.35 million to a broader £40 million fundraising initiative aimed at…

British drivers continue to face inflated fuel costs due to "stubbornly high" margins, according to a recent report from the Competition and Markets Authority (CMA). The watchdog's latest analysis reveals that fuel margins persist above…

Kingfisher, the parent company of B&Q and Screwfix, witnessed a dramatic 13 per cent decline in its shares after downgrading its full-year guidance and announcing an anticipated £31 million impact from increased employers' national…

Britain's largest pet retailer has witnessed its shares plummet more than 13 per cent after slashing its annual profit forecast amid mounting pressure from recent budget measures and dampened consumer spending on pet accessories. The…

British retailers are bracing for inevitable price increases following the Chancellor's recent budget announcement, with the sector facing a staggering £7 billion in additional costs next year. The British Retail Consortium (BRC) has issued…

The largest department store chain in America has postponed its quarterly financial report following the discovery that an employee concealed expenses totalling up to £154 million. Macy's revealed on Monday that a staff member had…

A significant retail theft operation targeting Lululemon stores across multiple US states has resulted in the arrest of a Minneapolis-St Paul couple, with stolen merchandise valued at nearly £800,000. Jadion Richards, 44, and Akwele…

British retailers are steeling themselves for what industry experts predict will be a restrained festive trading period, with mounting concerns over household energy costs and housing expenses weighing heavily on consumer sentiment. The…

Esquires Coffee, the suburban-focused chain, has unveiled ambitious plans to double its UK presence to 150 shops within three years, capitalising on the persistent work-from-home culture that has transformed British working habits. Chief…

Major American retailers are transforming the traditional single-day Black Friday shopping event into a weeks-long sales extravaganza as they grapple with signs of diminishing consumer spending power. The strategic shift comes as retail…

British retailers and wholesalers have been compelled to pivot their orange sourcing strategy to South Africa and South America following devastating floods in eastern Spain that have severely impacted local harvests and distribution…

The private sector in Great Britain has experienced its first contraction in 12 months, with businesses pointing directly to tax increases announced in Labour's inaugural budget. The downturn, coupled with declining retail sales, signals…

More than 80 prominent business leaders have intensified their campaign for immediate reform of the antiquated business rates system, warning the Treasury that swift action is essential to preserve Britain's struggling high streets. The…

British sportswear giant JD Sports Fashion has seen its shares tumble after warning that annual profits will likely hit the lower end of guidance, following a significant sales decline attributed to subdued consumer demand and unfavourable…

British model train and hobby specialist Hornby has reported deepening losses in its half-year results, despite implementing significant restructuring efforts and experiencing revenue growth. The company's shares tumbled 15.4 per cent to…

Major British retailers, including retail powerhouses Tesco, Boots, Next and Marks and Spencer, have collectively approached Chancellor Rachel Reeves, expressing grave concerns over the £7 billion annual cost burden stemming from recent…