Retail

WH Smith increased its profit forecast for the current financial period as it bets that strong travel demand will continue during the summer. The retail chain, which sells everything from sandwiches to stationery and is located in…

B&M's and Heron Foods boss says that customers who were struggling to pay for their daily expenses chose the cheaper competitors. B&M European Value Retail's group revenue grew by 6.6% to £4.9 billion during the year ending March…

Asda's owners have confirmed that the supermarket group has acquired the UK and Ireland petrol-forecourt business from EG Group, for £2.3 billion. Mohsin and Zuber Issa and TDR Capital (a London-based private equity company) said that…

Fixed-income products are becoming more popular, according to a companyUK retail investors have been piling into gilts and other fixed-income products in search of higher returns and lower risk despite a sharp sell-off, according to…

Marks & Spencer smashed its annual profit expectations and announced that it would reinstate a modest dividend in November, as the turnaround plan gains momentum. The adjusted pre-tax profit for the year ending April 1 was £482…

People familiar with the situation say that UK value retailer Wilko Limited may enter into a "company voluntary arrangement" to renegotiate leases with landlords, and possibly close sites in order to reduce costs. Wilko has approached…

Asda is accused of using "fire-and-rehire" to threaten 7,000 employees in order to reduce their pay as they restructure the business ahead of a possible merger between EG Group and Asda. The supermarket told thousands of employees that…

Boohoo Group reported a £91million annual loss, as it struggled with supply chain disruptions, weakened consumer demand and inflationary forces. The Manchester-based fashion company, which owns PrettyLittleThing and Debenhams as well as…

JD Sports Fashion is expecting profits to surpass £1 billion this year for the first-time as its more affluent, younger customers continue to spend on trainers and sweatshirts. The adjusted pre-tax profit at the sportswear company rose…

This month, 80 current and ex-employees of 3i Group will share in the profits of the private equity company's investment on discount retailer Action. 3i announced the payment in its annual results released yesterday. The FTSE 100 firm…

Asos's decision to reduce inventory and offer excessive discounts while consumers are on a tight budget has hurt profits in the short-term. However, the online retailer is confident that it will return to profitability in the second and…