Retail

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…

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 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 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 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 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 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…

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…

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…

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 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…