Retail

British Land sold its Meadowhall shopping center in Sheffield to a joint venture partner, a move that highlights the steep decline in retail property prices over the last decade. Norwegian oil fund paid £360m for British Land’s 50%…

Last week, on a busy afternoon, the Galeries Lafayette department store in Paris was filled with shoppers from around the globe who came to buy designer clothing, shoes, and handbags. One of the most popular spots in this temple of fashion…

Ocado Group PLC (LSE:OCDO) has long been a household name in the UK, known for its online grocery retail business in partnership with Marks & Spencer. However, behind the scenes, Ocado is striving to establish itself as a technology…

Walmart has surpassed Wall Street's expectations for profit and sales and increased its forecasts this year thanks to an increase in online sales. The largest American retailer, which has a large number of stores in the United States,…

Shein will list in London in the next few months, as tensions between Washington DC and Beijing have slowed down plans to launch a major IPO in New York. Donald Tang, the executive chairman of the Singapore-domiciled company, said in an…

After a difficult period for the food and beverage division, Pret A Manger's owner plans to increase its push into insurance . JAB Holding has announced plans to create a global platform for insurance and establish a business in asset…

The fast-fashion retailer Shein has accelerated its plans to float a record breaking in London. Reports claim that the Chinese-founded online retailer chose London as its listing location, after deciding against New York due to tensions…

Cazoo, an online car retailer,has failed to secure funding The digital used-car business founded by the former Zoopla boss Alex Chesterman has filed an notice at the High Court that it plans to appoint administrator. The British car…

Donald Tang can recall exactly where he stood when he heard the first news about Shein. The former banker and his wife were dining in Hawaii at the beginning of the pandemic in 2020. Tang's spouse complimented the waitress for her stylish…

Wickes Group maintained its annual guidance in spite of a sharp drop in quarterly sales, as consumers shied away from purchasing more expensive products and services such as bespoke cabinets. Home improvement retailer, said that…

Next, once again, has defied UK high-street downturn and delivered better-than expected sales growth in the first three months. The fashion and homewares retailer shrugged off spring's wet weather to post a 5.7% increase in full-priced…

Mulberry's boss has warned there is no end to the global downturn in luxury after Mulberry posted another drop in sales. Thierry Andretta is the chief executive officer of the luxury handbag maker, whose investors include Mike Ashley’s…

Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries. The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of…

Frasers Group bought out parts of MatchesFashion from administration. The deal did not include the stock worth £80 million or the remaining 250 employees. The Sports Direct founder Mike Ashley's retail group, controlled by Ashley, 59…

The Body Shop was purchased by a private equity firm for just £3.5m before the collapse of . Aurelius is believed to have only paid a small amount of money to Natura, the former owners of The Body Shop, despite having agreed to a £207m…

Supermarket Income Reit has made its first overseas foray after agreeing to purchase a portfolio Carrefour supermarkets located in France. In a sale and leaseback, the real estate investment trust acquired 17 "strongly performing…

Grocers are following in Amazon's footsteps in their pursuit of the retail 'holy-grail' Spotify users are known to flood social media in the last weeks of the year with their favorite songs, artists, and genres. Spotify Wrapped is a…

Many job candidates have been thrown by the nerves when an employer asks a question that they didn't expect. The John Lewis Partnership has taken steps to ensure that it does not miss out on any excellent employees because they are…