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Retail
Jo Malone Defies High Street Gloom With Plans For Twelve New UK Stores
Luxury fragrance retailer Jo Malone London has unveiled ambitious expansion plans to open a dozen new stores across the UK, demonstrating strong confidence in brick-and-mortar retail despite widespread high street challenges.
The…
UK Retailers Face Grim Reality as Christmas Trading Period Ends in Disaster
British retailers are bracing for a challenging 2025 following what industry experts describe as a "disastrous" Christmas trading period, with mounting concerns over potential price increases and shop closures across the nation.
Recent…
BM Faces Scrutiny as Glassdoor Identifies Suspicious Rating Manipulation
The employee review platform Glassdoor has uncovered evidence of attempted manipulation of employer ratings for the British discount retailer B&M. The platform has taken the extraordinary measure of displaying a warning notice on…
Shoe Zone Blames Labour Budget for Store Closures as Profits Plummet
British footwear retailer Shoe Zone has announced plans to close multiple stores, citing significant cost pressures from recent budget measures implemented by Shadow Chancellor Rachel Reeves. The company's shares plunged 38.5% following the…
Landsec Makes Bold £490m Sterling Bet on Liverpool One Shopping Centre
In a significant move that underscores confidence in prime retail locations, Land Securities has acquired a 92 per cent stake in Liverpool One for £490 million. The FTSE 100 property giant's strategic purchase from Abu Dhabi Investment…
Pour Mois Record Growth Driven by Marks and Spencer Partnership
A strategic partnership with Marks and Spencer has propelled swimwear and lingerie brand Pour Moi to achieve unprecedented sales growth. The collaboration, which commenced in October 2023, has proven instrumental in driving the company's…
Cyber Attack Disrupts Krispy Kreme Digital Operations Causing Share Price Tumble
The renowned doughnut manufacturer Krispy Kreme has fallen victim to a significant cybersecurity breach, causing widespread disruption to its online ordering systems since late November. The incident, which has materially impacted the…
Inditex Reports Rare Revenue Miss as Online Rivals Heat Up Competition
Shares in Inditex tumbled today as the Spanish fashion giant missed quarterly revenue expectations, highlighting growing pressure from digital competitors. The Zara owner reported sales of €9.36 billion for the three months to October,…
US Federal Judge Blocks $25bn Kroger Albertsons Merger Deal
In a significant blow to the American grocery retail sector, a federal judge has blocked the largest supermarket merger in US history between Kroger and Albertsons, valued at $24.6 billion. The ruling marks a decisive victory for federal…
Walgreens Boots Alliance in Private Equity Sale Talks as Retail Pharmacy Sector Faces Mounting…
The US pharmacy giant Walgreens Boots Alliance has entered discussions regarding a potential sale to private equity firm Sycamore Partners, highlighting the increasing challenges confronting the retail pharmacy sector.
The…
Mike Ashley Warns Boohoo Against Asset Fire Sales as Board Position Battle Intensifies
Retail magnate Mike Ashley has issued a stark warning to Boohoo shareholders, emphasising the crucial need to prevent any potential "fire sale" of company assets amidst his ongoing campaign for a board position at the AIM-listed fashion…
Marks and Spencer Secures Green Light for Oxford Street Flagship Demolition
Marks and Spencer has gained approval to demolish its iconic art deco store on London's Oxford Street, following a decisive intervention from UK Housing Secretary and Deputy Prime Minister Angela Rayner. The landmark decision arrives after…
Chinese Shopping Giant Temu Moves to Revolutionise UK Retail Market with Local Suppliers
In a strategic move that signals mounting pressure on British high street retailers, Chinese e-commerce powerhouse Temu has initiated recruitment of UK-based suppliers for its flourishing shopping platform. The company's expansion marks a…
Boohoo Family Injects 15 Million Pounds in Crucial Fundraising Effort as Retailer Seeks Revival
The billionaire Kamani family, the driving force behind fast-fashion retailer Boohoo, has demonstrated unwavering confidence in the company's future by contributing £15.35 million to a broader £40 million fundraising initiative aimed at…
UK Motorists Still Paying Over the Odds for Fuel as Margins Remain High Says CMA
British drivers continue to face inflated fuel costs due to "stubbornly high" margins, according to a recent report from the Competition and Markets Authority (CMA). The watchdog's latest analysis reveals that fuel margins persist above…
Kingfisher Shares Plummet as French Market Woes Force Profit Warning
Kingfisher, the parent company of B&Q and Screwfix, witnessed a dramatic 13 per cent decline in its shares after downgrading its full-year guidance and announcing an anticipated £31 million impact from increased employers' national…
Pets At Home Shares Plunge As Budget Costs Bite Into Profit Outlook
Britain's largest pet retailer has witnessed its shares plummet more than 13 per cent after slashing its annual profit forecast amid mounting pressure from recent budget measures and dampened consumer spending on pet accessories.
The…
Retail Industry Faces Price Hikes as Budget Measures Bite
British retailers are bracing for inevitable price increases following the Chancellor's recent budget announcement, with the sector facing a staggering £7 billion in additional costs next year. The British Retail Consortium (BRC) has issued…