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Retail
Unilever faces break-up battle after ‘virtue signalling’ retreat
Hein Schumacher's charm offensive and change in tone masks corporate uncertainty
Hein Schumacher, the new Unilever CEO, has been at his desk for only about 100 days. But already he's under pressure.
Unilever shareholders are losing…
Ocado adds more products to its online store in an effort to reduce tensions between M&S and…
Ocado has added almost 600 M&S items to its website as it tries to reduce tensions with the retail giant.
Ocado Retail bosses have strengthened their M&S offer after recent concerns raised about a lack in integrated thinking.…
The Issa brothers, who are billionaires, have sold off KFC to reduce their debt.
The billionaire Issa Brothers, who own Asda, agreed to sell more than 200 KFC restaurants as part of their plan to reduce their large debt.
EG Group has announced that it will sell its 218 KFC franchises located in the UK and Ireland, to…
Farfetch shares plummet despite talks of the founder taking it private
Farfetch shares fell as much as 50% on Wednesday despite reports its founder may take the luxury online retailer to private after its value plummeted.
Farfetch was due to announce quarterly results on Wednesday, but has postponed it,…
Halfords warns that profits will fall amid a slump in sales of new bikes
Halfords warned that profits would be lower this Christmas as fewer people bought new bicycles.
The retailer's shares fell as much as 22% after it cut its profit forecasts. It said it would not be able to achieve a profit of £58m for the…
Deliveroo plans to expand into DIY and beauty products
Deliveroo plans to sell everything from hammers, drills and makeup to boost its lagging growth rate.
Soon, customers will be able order DIY equipment and electronics, as well as toys, beauty products, and other items through the Takeaway…
M&S supplier: Office workers are switching from sushi to sandwiches due to rising prices
According to a major supplier of supermarket lunch deals, office workers are switching from sushi to sandwiches due to the rising cost of fish.
Dalton Philips said that the increasing cost of fish made many sushi products prohibitively…
CBI warns UK retailers to prepare for disappointing Christmas sales
The CBI's Distributive Trades Survey found that British retailers are bracing themselves for a disappointing holiday after they registered a decline in sales of 7.4% year-on-year in November.
In the year up to November, sales volumes…
How Wall Street forced Netflix to raise streaming prices
Slow subscriber growth and high rates of interest push the sector into a new era frugality
Netflix's price increases are not always a good thing. Reed Hastings, the founder of Netflix, increased the price of a monthly…
Asda repays £300m while Issa brothers race for a reduction in borrowing
Asda paid off £300m in debts, as its billionaire owners raced to reduce borrowing levels throughout their business empire.
The supermarket has cleared a £200m debt it took on to purchase 132 convenience stores from The Co-op in the…
Avon opens first shop amid declining number of stay-at home mothers
Beauty giant forced into rethinking sales strategy as more women work
One of the most memorable slogans in advertising of the 21st Century was about this. Soon, the days of Avon's "ding dong" could be over.
For the first…
Next increases profit guidance for the fourth time in five months
Next has increased its full-year profit guidance for the fourth time in five months despite unusually warm weather hitting demand for its autumn range.
The fashion and homewares retailer now expects annual pre-tax profits to be £10…
Fortnum & Mason plans major US expansion in response to growing demand for British teas and…
Fortnum & Mason plans to expand into the US due to growing demand for British classics like tea and jam.
Tom Athron said that Fortnum & Mason would be opening a warehouse in America so they could start selling their products…
ScS accepts a takeover of Italian rival for £100m
ScS will be taken private following a recommendation to the shareholders of a deal which values the British sofa retailer for almost £100million.
Cerezzola is a fully owned subsidiary of Poltronesofa an Italian furniture retailer. It has…
Boots is the latest foreign takeover to fail of a British retailer
Boots reduces investment. It will close stores. It may have to face another complex corporate restructuring.
Boots should have a great decade, as the NHS is in a constant state of crisis. People are taking more responsibility for…
Boots owner to cut $1bn in costs despite UK sales increase
The owner of Boots is carving $1bn (£820m) of costs out of its business after a sales boost in the British pharmacy chain failed to buoy earnings as much as Wall Street expected.
Walgreens Boots Alliance unveiled plans to lower its…
Pepsi is’studying closely the impact’ of weight loss injections on sales
Walmart, the US-based giant, claimed that users of weight loss drugs were buying less food. Pepsi's and Walkers Crisps are "studying" their effects on sales.
Hugh Johnston, chief financial officer at PepsiCo, said that it was still…
Selfridges reports a £40m loss in spite of sales growth as finance costs weigh
Selfridges, despite an increase in sales and a rise in interest costs on debts, lost nearly £40m in the last year.
The main retail sales of the luxury department store rose by almost 30% to £843m in 2012, approaching their pre-pandemic…