Retail

Two of the biggest retail groups in Europe have expressed interest in buying Ted Baker's European retail business. Frasers Group led by Mike Ashley and Next led by Lord Wolfson, Aspley Guise have contacted administrators of Teneo…

Tesco, the UK's largest supermarket and responsible for more than 25% of all food purchases in our country, will unveil its annual financial report on Thursday, shedding light on a market that is rapidly changing. Tesco's sales are…

Retail insolvencies have risen sharply as businesses are feeling the effects of rising interest rates, higher costs and cautious spending by consumers. According to Mazars the audit, tax, and advisory firm, 2,195 retail outlets collapsed…

A survey shows that retail sales have fallen for the past six months and then again in March. This is the longest run of declines outside the Covid-19 pandemic. The survey conducted by BDO, an independent consultancy, revealed that total…

Domino's has pledged to reduce the calories in its products, just weeks after an ex-health minister criticized the fast food chain over selling Creme Egg cookies. Pizza chain with more than 1,300 outlets in the UK has announced plans to…

Amazon has scrapped its "just walk-out" technology after trying for years to get traction with its checkout-free offering. The decision was made on Tuesday to abandon the technology in grocery stores, but the change will not be…

If the grocery store can break free from its UK roots, a lucrative future awaits. Tim Steiner, Ocado's chief executive officer, praised the £750m partnership with Marks & Spencer as a win-win for both parties. He said that M&S…

Morrisons reported widening losses for the first quarter, after being weighed down with debt financing costs related to its private equity acquisition. The supermarket chain reported pre-tax losses in the amount of £156m for the 13 weeks…

Kingfisher's hopes of a recovery have once again been dashed after the DIY retailer saw its profits fall due to sluggish sales in France. B&Q, Screwfix and B&Q's owner said it would examine the future of Castorama after its…

Waitrose puts hundreds of jobs in danger as it prepares to close a warehouse that was opened only four years ago. The supermarket has announced that it will close its Enfield warehouse this summer, which could result in the loss of more…

Hermes is in a legal fight with two American customers who sued the French designer for refusing to sell them Birkin bags. Hermes has been accused by two Californians of selling Birkin bags only to those customers who are deemed…

Tesco will drop the blue-and-yellow logo it uses to promote its Clubcard program. This rebrand could cost Tesco almost £8m after it lost an appeal over a ruling it copied a Lidl design. Legal experts say Lidl has the right to sue for…

As the cost of theft increases, retailers are beginning to question the use of unmanned scanning devices. One shoplifting technique has become so popular that staff members have named it. The "banana tricks" involves putting a product…

Costa Coffee, Starbucks, and Pret a Manger are the three biggest players in the British ready-to drink coffee market. But there's another company that wants to provide caffeine on the move. Nespresso is the coffee capsules brand that…

Saudi Arabia, Gucci and Kering-owned Gucci are said to be in a race for Selfridges after the bankruptcy of the department store co-owner triggered a battle over the business. According to sources in the City, both Saudi Arabia's Public…

John Lewis Partnership bosses have denied that they plan to separate their struggling department stores and Waitrose supermarkets. They have also ruled out the possibility of selling a share in the company to raise money. The industry…

Adidas has blamed an overstocked market for its warning that sales in North America will decline this year. The German sportswear company continues to sell trainers from the axed Yeezy collection, despite having announced in October 2022…

Morrisons suffered a £1bn (£1bn) loss in the last financial year due to an increase in interest payments on debts incurred as a result of its private equity acquisition. As finance costs increased, the supermarket chain, acquired by…