Retail

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…

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…