Retail

According to a recent data analysis, Britain has lost out on international visitors who spend a lot of money after the government removed tax-free shopping as a result of its exit from the EU. The UK has seen a dramatic drop in non-EU…

Superdrug's Christmas sales were boosted by the trend of people switching from expensive brands to own-label alternatives to reduce their rising living costs. The health and beauty retailer's sales grew 9.2 percent in December.…

Mike Ashley may make a bid to buy the Meadowhall Shopping Centre in Sheffield. This would be his biggest wager on retail real estate so far. Frasers Group is the FTSE 100 retailer group owned by Ashley. It's "one of a few parties" that…

Ocado’s boss said that customers returning to online grocery shopping following a post pandemic decline, helped the retail division of Ocado return to profitability. It also enjoyed a record-breaking Christmas. Hannah Gibson, CEO of…

Burberry's holiday advertising campaign featured images of dogs, ducks and a luxury blue leather handbag. It was placed next to an old knight's glove. Daniel Lee, Burberry's new creative director, had high hopes for the knight bag when…

Sainsbury's may have enjoyed a roaring Christmas, but its clothing and general merchandise divisions had a disappointing festive performance. The second largest supermarket chain in Britain increased its sales 7.4% in the 16-week period…

The boss of the bakery chain, Greggs, said that Britain was still a long way from reaching the "peak" of its sales. Investors formed a line for the shares of this high-street fast-food chain known for its steak bakes and sausage rolls.…

Paul Smith's fashion company has warned about the impact of inflation after recording a fourth consecutive loss. The 77-year-old designer's firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year…

B&M European Value Retail will pay a special dividend of 20p after another successful Christmas period. Owner of B&M Foods and Heron Foods, said revenues grew 5 percent year-on-year to £1.65billion in the 13-week period ending…

Regis Schultz began his Thursday with a bike ride through Manchester, wearing his new Nike Tech Fleece. The JD Sports chief executive purchased the jacket for £120 in November to protect him against the windy north. The mild-mannered…

Next increased its profit expectations for the year, after selling £38m in excess of what was expected in the lead-up to Christmas. However, the company warned that problems in the Red Sea may delay deliveries and affect sales in the coming…

JD Sports has lost more than £1.8bn in value after issuing a profit warning. The fashion retailer cited the mild weather conditions and heavy discounts as the reasons for the decline. The shares of the retail group, Go Outdoors, Blacks,…

Next, the popular UK retailer, is set to achieve its raised profit guidance despite wider economic concerns within the retail sector, according to analysts at Shore Cap. In a research note, the bank highlighted Next's positive outlook on…

Apple has resumed sales of its Watch Series 9 & Ultra 2 in the US after an appeals tribunal halted the ban imposed by a trade court. This is the latest development in a patent dispute with health technology company Masimo. Apple…

Boxing Day footfall has increased slightly, but is still well below the pre-pandemic level. Several high street chains have remained closed. Retailers are bracing themselves for a weak Christmas season as the UK economy stagnates due to…

Apple will cease selling smartwatches in its own US stores by Christmas, after losing a case of patent infringement. This is a major blow to the company during the holiday season. Sales of Apple Watch Series 9 and Ultra 2 will be stopped…

Boots, the US-owned high street pharmacy chain, is considering a £7bn UK IPO. This could give London's struggling stock market a needed boost. Walgreens Boots Alliance, which abandoned its plan to sell Boots two years ago, is believed to…

Macy's, a department store chain in the US, is the subject of an offer of $5.8bn. (£4.6bn). This would mean that one of the most recognizable names in US retail would disappear from the stock exchange. The Wall Street Journal reported…