Retail

The private sector in Great Britain has experienced its first contraction in 12 months, with businesses pointing directly to tax increases announced in Labour's inaugural budget. The downturn, coupled with declining retail sales, signals…

More than 80 prominent business leaders have intensified their campaign for immediate reform of the antiquated business rates system, warning the Treasury that swift action is essential to preserve Britain's struggling high streets. The…

British sportswear giant JD Sports Fashion has seen its shares tumble after warning that annual profits will likely hit the lower end of guidance, following a significant sales decline attributed to subdued consumer demand and unfavourable…

British model train and hobby specialist Hornby has reported deepening losses in its half-year results, despite implementing significant restructuring efforts and experiencing revenue growth. The company's shares tumbled 15.4 per cent to…

Major British retailers, including retail powerhouses Tesco, Boots, Next and Marks and Spencer, have collectively approached Chancellor Rachel Reeves, expressing grave concerns over the £7 billion annual cost burden stemming from recent…

Supermarket giant Morrisons has successfully reduced its substantial debt burden by £200 million, marking a significant milestone in its financial restructuring programme. The debt reduction represents the latest step in the company's…

More than 5,000 investors have joined a mounting legal battle against Hargreaves Lansdown over the catastrophic collapse of Neil Woodford's equity fund, with claims the UK's largest investment platform continued promoting the troubled…

Burberry's newly appointed chief executive, Joshua Schulman, has acknowledged that the luxury brand's recent struggles were largely self-inflicted as he unveiled an ambitious turnaround strategy to revitalise the loss-making British fashion…

In a significant blow to the UK's retail landscape, Asda's market position has deteriorated further as recent data reveals a concerning decline in its grocery market share. The supermarket chain, operating under private equity ownership,…

Fashion retailer Boohoo has revealed plans to raise £39.3 million through a share placement as the company grapples with mounting losses that have more than tripled in recent months. The London-listed organisation announced the fundraising…

British DIY retailer Homebase has entered administration, placing 2,000 jobs in jeopardy as the company grapples with a significant downturn in home improvement spending. The chain, operating approximately 130 DIY and garden centre outlets,…

British supermarket sales surged to £11.6 billion last month, reaching their highest level since the pandemic-induced panic buying of 2020, driven by early Christmas shopping and Halloween celebrations. Market researcher Kantar revealed…

Market observers are keenly awaiting SSE's interim results this Wednesday, with particular focus on the FTSE 100 energy group's spending strategies. The company, a dominant force in UK offshore wind development, has recently achieved…

In a recent announcement that has sent ripples through the UK retail sector, Simon Roberts, the Chief Executive of J Sainsbury, has warned that customers may face higher grocery prices in the wake of Labour's recent Budget. The supermarket…

In the world of economic indicators, the appetite for new fitted kitchens has long been considered an unofficial barometer of consumer confidence and spending power. Now, a recent update from Howden Joinery, a FTSE 100 company and major…

In a surprising turn of events, the owner of popular fast-fashion retailer Primark has indicated that future investments may be directed away from the United Kingdom due to increasing tax burdens. This development raises concerns about the…

British luxury fashion house Burberry witnessed a remarkable surge in its share price following reports of a potential takeover bid from Italian rival Moncler. The speculation, initially reported by specialist fashion website Miss Tweed,…

British bakery chain Greggs has strategically positioned itself for substantial festive season growth through a pioneering marketing collaboration with renowned chef Nigella Lawson. The partnership, valued at an undisclosed sum, marks the…