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Retail
How the rise of shoplifting is forcing self-checkouts to retreat
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…
Nespresso opens its first UK cafe to take advantage of the UK coffee boom
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 Arabian Gucci owners circle Selfridges
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 rejects splitting of operations
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 blames US sales decline on overstocked market
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 reports a loss of £1bn as interest payments on debts soar
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…
Superdry and Hilco discuss new loan
Superdry has been in discussions with an existing lender about a multi-million pound loan, as the fashion retailer struggles for a turnaround.
The London-listed company said that it is in talks with Hilco, a turnaround specialist, about…
Selfridges’ tycoon Rene Benko files insolvency
Rene Benko, the self-styled tycoon of Selfridges and Signa, has filed for bankruptcy following the collapse of his real estate empire.
In the most recent chapter of Mr Benko’s fall,, the embattled entrepreneur filed for personal…
Shein UK violates company law for failing to disclose the human owner
The UK division of fast-fashion firm Shein failed to disclose the ultimate owner, which is a violation of company law and could affect the firm's planned plans to list in the UK.
The UK law requires companies to declare the ultimate…
Greggs is the breakfast favorite, beating McDonald’s
Greggs' steak bakes and sausage rolls are still popular in Britain, even after Greggs dethroned McDonald's as the most popular breakfast place.
Roisin Currie said that Greggs' breakfast deal, which costs about£2.75 per breakfast roll…
Body Shop stores close despite being profitable
The Body Shop administrators are closing dozens stores, despite the fact that they were profitable.
The Body Shop collapsed dramatically last month, just weeks after being acquired by private equity firm Aurelius. FRP administrators have…
Equestrian retailer LeMieux up for sale at £150m
Former UK Olympian Robert Lemieux, and his wife, are excited for a big payday when the equestrian products retailer they founded almost two decades ago is sold for more than £150million.
According to sources in the City, the shareholders…
Apple is under fire from Banks for allegedly stockpiling UK data
Major banks have demanded a crackdown against Apple, claiming that the tech giant has access to the transactions of millions of iPhone users. This will give Apple an unfair advantage in its push into financial services.
The Financial…
Mike Ashley’s Frasers cycle off with Wiggle bicycles
Mike Ashley's Frasers Group bought out the administration of online bicycle retailer Wiggle as the retail giant continued to capitalize on the distress coursing throughout the industry.
Frasers, owner of Sports Direct has reached an…
Marks & Spencer faces a lawsuit from Ocado over an online grocery deal
Ocado, amid a growing dispute over performance, has threatened to sue Marks & Spencer for a payment of multi-million pounds made as part of their online grocery partnership.
Ocado Retail, the joint venture between M&S and Ocado…
Sainsbury’s will cut 1,500 jobs as part of a £1bn cost cutting drive
The goal of role reductions is to create cash that can be spent on luring customers back from competitors.
Sainsbury's plans to reduce costs by £1bn will see 1,500 jobs cut.
The supermarket chain will simplify its operations by…
Prices of food drop for the first time since September
The first drop in food prices since September has occurred this month, providing further evidence that inflationary pressures will continue to ease throughout the year.
According to NielsenIQ and the British Retail Consortium's latest…
Shein is considering a London listing if the US IPO is blocked due to ties with China
Shein will consider London as a backup option for a massive flotation if US authorities block its preferred choice of a New York IPO due to its ties with China.
The Singapore-headquartered company has pitched the UK as an alternative…