Tesco’s boss claimed that consumers were “in good shape” and began to buy more expensive products before Christmas. This led the country’s largest grocery store to raise its profit forecast.
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JD Sports boss has dismissed the issues facing Nike, the company’s biggest supplier. He credited its store range for compensating weaknesses in individual brands. Regis Schultz said that the retailer
Dobbies plans to close 17 of its 77 shops, which will affect 465 jobs. The new owners are trying to bring the garden centre group back to profitability. The company
Nike announced a 10% drop in its quarterly sales on Tuesday and retracted its full-year outlook. Shares fell as the world’s biggest sportswear manufacturer navigated a turbulent period before the
Mike Ashley’s Frasers Group launched a bold £83 million bid to take over Mulberry, Britain’s most recognizable luxury brand, after being blindsided with a £10million rights offer. Sports Direct’s owner,
ShadowFall Capital and Research, a short-seller, has placed a multi-million pound bet on FTSE 100 Private Equity Group 3i, based on the belief that its star company, European Discount Retail
H&M Group’s quest for global fast fashion dominance seems to be further out of reach, after the retailer had to abandon its annual profit targets. Daniel Erver said that the
The biggest sofa retailer in Britain has suffered a loss due to a combination of sluggish sales, delays on Red Sea shipping and increased debt costs. DFS Furniture reported that
Chick-fil-A, the American fast-food chain, has announced five new locations as part of its second attempt to enter the British market. The 56-year old family-owned company, which operates more than
The Co-operative Group returned to profit in the first six months of the year, despite having lost almost £40million due to shoplifting. The mutual reported a profit of £58million for
The deputy chairman at Dunelm sold £114m of shares to a discount, but he says that he is “fully committed” to Britain’s largest homewares retailer. Sir Will Adderley, the son
Five years ago, Realty Income was a new American investment trust. Since then, it has quietly become one of Britain’s largest owners of retail parks, shops and supermarkets. Realty is
Next warned it may be forced to shut down stores following a legal victory over equal pay. The retailer is expected to lose more than £30million after the landmark case.
Ocado’s sales outlook has been raised for this year due to the stronger summer trading. The grocery delivery business also gained more customers. Ocado Retail reported a 15,5% increase in
Stuart Rose, former boss of Marks & Spencer and Topshop will take over Asda when the struggling supermarket’s Co-Owner Mohsin Issa steps down from executive duties due to falling sales.
Tesco’s chief executive said that it could use Clubcard data in order to alert shoppers when they purchase too many unhealthy products. The head of Britain’s largest supermarket has said
