Retail

Shein, a Chinese-founded fast-fashion online retailer, doubled its profit in Britain, and overtook Boohoo, before a planned blockbuster London float. According to new accounts filed at Companies House, Shein UK's pre-tax profit rose from…

Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates. Barclays JP Morgan,…

Richemont struck a deal with its German competitor Mytheresa to sell Yoox Net-a-Porter to them after an earlier sale agreement failed. The Swiss luxury conglomerate that owns Cartier, as well as other high-end fashion and jewellery…

Mike Ashley's retirement from the board at his retail empire Frasers Group was never expected. After all, the man had spent 40 years torturing his rivals on the high street. It was true. Frasers chairman David Daly sent a request to…

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. Ken Murphy was upbeat about the consumer's…

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 is on track to reach its profit…

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 that employs 3,600 people said they were seeking approval from creditors…

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 arrival of their new chief executive at 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, who believes it is the "best…

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 Chain Action, was significantly overvalued.…

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 group's earnings target had been lowered for the year due to…

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 it had lost £1.7 million before tax for the 53-week period…

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 3,000 restaurant in the United States and…

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 six-month period ending June. This is a significant…

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 of Dunelm’s founder and former Conservative Party donor, and…

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 a rare exception. While other investors are hesitant…

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. In a recent report, the FTSE 100 clothing chain and homewares company…

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 revenue during the 13 week period leading up to…