WH Smith’s pivot to focus on travel retail has met a major setback, with shares plunging over 40 per cent following an unexpected accounting error in its North American arm.
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Asda has suffered a decline in market share, raising the prospect of being overtaken by Aldi as Britain’s third largest supermarket. New industry figures from Worldpanel show Asda’s sales fell
The UK Office for National Statistics has postponed the publication of its monthly retail sales figures, intensifying existing doubts over the reliability of official economic data. On Tuesday, the ONS
Waitrose has reported a significant nationwide upswing in sales and searches for hallmark Scottish food and drink since the outset of the Edinburgh Fringe Festival on 1 August. According to
The founder of the UK’s preeminent toy retailer, The Entertainer, is preparing to place the company in the hands of its 1900-strong workforce. Gary Grant and his wife Catherine, who
Topshop, one of the most influential names in British high street fashion, is set to make a significant return with its first catwalk show in seven years. The showcase, scheduled
Claire’s, the retailer renowned for its jewellery and ear piercing kiosks, has entered bankruptcy proceedings in the United States for the second time within seven years. The move comes as
River Island faces an uncertain future after its proposed restructuring plan failed to win support from all classes of creditors in a court-supervised vote. Despite achieving about 80 per cent
Amazon is pushing forward with its ambitions for Britain’s skies, asserting that its aerial delivery drones will produce less noise than traditional delivery vans. The technology giant delivered these reassurances
Unilever’s soon to be independent ice cream business registered robust growth in the first half of the year, driven by strong demand for brands such as Magnum, Ben and Jerrys,
Britain’s leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job
Next has reported a sharp rise in full-price sales for the thirteen weeks to 26 July, attributing its success to unseasonably warm weather and a disruptive cyber-attack at its major
Greggs chief executive Roisin Currie has stressed the company’s ambitions to expand beyond 3000 UK stores, despite a significant fall in pre-tax profit and the impact of unpredictable weather on
River Island, the high street retailer founded by the Lewis family in 1948 as Chelsea Girl, is set to implement sweeping rent cuts and close a number of stores amid
An online jewellery brand championed by television personalities Stacey Solomon and Olivia Attwood is preparing to open its first physical shops in Britain as it puts US expansion on hold
The Chancellor, Rachel Reeves, is facing fresh pressure from industry leaders as forecasts indicate a planned business rates increase for large retailers could drive food prices even higher in the