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Retail
John Lewis and Waitrose attribute the surge in shoplifting to ‘greed, not need’
John Lewis and Waitrose say that "greed, not need", is the driving force behind record-breaking levels of shoplifting. The retail group has been testing trolleys that will lock if a person does not pay as well as smart shelves that detect…
Pubs are closing in greater numbers, as 80 pubs close each month
The Euros and Olympics will bring a boost to many landlords, but it may be too late for some pubs.
According to an analysis of official statistics by Altus Group, pubs have been disappearing in England and Wales at a rate 80 per month so…
King asked to revoke royal warrants for Cadbury and Marmite owner Unilever due to Russia connections
King Charles is being urged to revoke royal warrants for Cadbury and Marmite owner Unilever due to their connections with Russia.
Ukrainian campaigners wrote to King Vladimir Putin ahead of his birthday, June 15, urging him not to award…
DFS reduces profit forecast due to weak demand and supply delays
DFS' profits are being affected by the Red Sea disruption and slow demand for large-ticket purchases.
The sofa retailer warned that it would have lower profits than expected due to "weak upholstery markets" and delays in deliveries of up…
Four major UK supermarkets accused by the UK of misleading claims about ‘freshly-baked’…
The best thing since sliced toast. The smell of hot baked goods attracted shoppers who preferred a more fresh product to the pre-packaged standard.
Four big supermarkets have been accused of making misleading claims about the freshness…
Two former BHS Directors ordered to pay at minimum £18m for wrongful trading
The two former directors of the BHS department store chain have been ordered by the court to pay at least £18m for their wrongful trading, and breach of corporate duties.
The decision against Lennart Chandler and Dominic Henningson,…
London listing of Boots canceled by American parent
Boots, owned by the American pharmacy chain CVS, has canceled plans to list the high-street retailer on the London stock exchange. This will deprive the UK of an eagerly anticipated listing.
Walgreens Boots Alliance has ceased to…
Shein misses out on FTSE 100 position
Shein will miss out on a spot in the UK benchmark FTSE 100 Index as City investors start scrutinising one the largest and most controversial floats that have hit the London Market in recent years.
According to sources in the City, the…
Boohoo Investors seek damages of up to £100 million pounds after the minimum wage row
The online fashion specialist Boohoo is being sued by a group of investors for more than £100m after 2020 reports that its suppliers in Leicester mistreated workers led to a drop in its share price.
The value of Boohoo dropped by more…
Travel division sets WH Smith up for a bumper Summer
WH Smith has a busy summer ahead of it, as its travel division is growing and continues to offset the decline in sales on high streets.
The chain of retail stores, which sells snacks, books and stationery, claimed to be "well-positioned"…
Asda is now the most expensive UK retailer to purchase fuel, according to a study
Asda has become the UK's highest-priced supermarket fuel seller. This is after its private owners abandoned the retailer's long-held promise to be the lowest on the market.
According to an analysis of the RAC motoring organization, the…
Tesco to sell luggage and furniture in competition with Amazon
Tesco launched a digital marketplace to sell everything from giant chess set to office furniture. The supermarket giant is trying to compete with Amazon's online.
Tesco has added 9,000 products to its website as it tries to lure shoppers…
Shein gains Labour support for its £50bn London listing
The Labour Party has expressed its support for Shein, the Chinese online fashion firm that is preparing to launch the UK's largest ever stock market listing.
According to reports, the £52bn retailer will be filing confidentially a…
Ocado will be demoted from the FTSE 100 after failing to deliver its pandemic promise
Ocado was viewed as a symbol of changing consumer tastes when it entered the FTSE 100 in 2006, the same year that traditional retailer Marks & Spencer narrowly escaped relegation.
The roles are expected to reverse this week. M&S…
Rolex raises watch prices in UK amid gold rally
Rolex increased the price of certain precious metal watches sold in the UK, following an increase in demand for gold as a safe-haven asset.
Luxury company adds up to £1,500 on some watches. For example, the Daytona Chronograph in White…
Dr Martens cuts costs by up to £25 million pounds to combat weak US sales
Dr Martens did not rule out the possibility of job cuts, after announcing plans to cut up to £25m in costs to counteract weak US sales.
The British footwear company said that its latest cost-cutting program would aim to save £20m - £25m…
Marks & Spencer boss hails a ‘growth story” as annual profits increase 41%
Marks & Spencer's boss says he hopes for a "growth tale" in the years to come after the retailer, which has been revitalised, won more than 1 million new customers to boost its profits by 41%.
Stuart Machin, chief executive of…
Mike Ashley is looking to form a joint venture with Crown Estate
Mike Ashley has learned that he is considering a stake in the Princesshay estate of Exeter. This would be the first joint-venture between the retail mogul, and King's Property Company.
A retail property source revealed that Frasers…