Retail

Shein will consider London as a backup option for a massive flotation if US authorities block its preferred choice of a New York IPO due to its ties with China. The Singapore-headquartered company has pitched the UK as an alternative…

Morrisons is looking to sell assets in order to reduce debts. The Bradford-based retailer has teamed up with Deloitte in order to attract interest in Rathbones Bakery, a Wakefield factory that provides baked goods to Morrisons…

After talks with several potential buyers, Homebase may soon be sold. Hilco Capital is said to have had discussions with several parties including The Range, B&M European Value Retail and discount retailers. Homebase, the brand…

Harvey Jones is not likely to be able to provide you with a new, upscale kitchen for a long time. The Body Shop will no longer be the best place to buy ethically sourced creams. Burberry issued a profit warning while John Lewis closed…

The sales of activewear brand Gymshark have increased by 20 percent compared to last year. This is ahead of the projected 15-percent increase in revenue, which will reach £556 millions in 2023. Ben Francis, a 31-year-old Solihull…

Walmart will buy Vizio for $2.3 billion. This comes after surpassing sales expectations and announcing the largest dividend increase in over ten years. The largest retailer in the world increased its dividends by 9 percent to 83 cents per…

A US investment firm has started talks about a possible takeover of Superdry. The struggling high-street fashion chain is in dire need of a new owner. City investors reacted positively to the news that Superdry would be removed from the…

The Body Shop will close nearly half of its 198 stores in the UK. Its head office staffing will be reduced significantly, resulting in hundreds of job cuts. The company managing the restructuring stated that the current store portfolio…

Dunelm will open its first store in inner London boroughs after reporting its highest growth rate of sales in the capital in last year. Sales rose 4.5 percent to £872.5 in the 26-week period ending December 30. Volume growth was more…

After The Body Shop went into administration and put more than 2,000 job at risk, landlords are preparing for a wave closures. Aurelius, a private equity firm, put the UK branch of the ethical cosmetics brand, which has around 200…

As the "pendulum is swinging back to brick-and-mortar retailers", the number of online-only retail stores going bankrupt has reached a new record. Price Bailey reports that 615 companies went bankrupt last year. This is a 13 percent…

Industry experts have described the new Sainsbury’s strategy as "more evolution rather than revolution". Simon Roberts has reiterated that he wants to "put food at the center" of his business. He will expand on the "food first" plan that…

Jeremy Hunt ordered a review of the so-called tourist tax, the clearest indication yet that the Treasury could be on the verge of a major policy reversal which would give Britain's retailing and leisure industries a much needed boost.…

Diageo's chief executive has announced plans to reduce stock levels drastically in the region of Latin America, which is struggling. A "perfect storm" caused sales and profit targets to be missed. Debra Crew who was appointed in June of…

Superdry has been working with PwC advisers to develop restructuring plans, which could include closing stores and cutting rents. The fashion chain is fighting for its survival. One option could be a Company Voluntary Arrangement (CVA),…

John Lewis Partnership raised £260million to fund its turnaround, as the struggling mutual prepares for job cuts of up to 11,000 people. The partnership that owns John Lewis department store and Waitrose supermarkets has raised new funds…

The largest luxury group in the world, LVMH, will increase its annual dividend despite a slowdown in sales growth after years of record profits and revenues. This marks the end of a historical luxury boom. Two of Bernard Arnault's sons…

Inflation in the UK will not return to levels seen before Russia's invasion of Ukraine because of rising wages, a senior executive at Associated British Foods has said. Eoin Tonge, finance director at the food-to-fashion group that owns…