Retailer completes largest acquisition to date by purchasing Alabama-based chain JD Sports has reversed the trend where UK companies are falling victim to American buyers. They have struck a $1.1bn
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Mike Ashley’s Frasers Group refused to let the Financial Reporting Council publish the main findings of an investigation into the retailer’s most recent annual report. Frasers has been involved in
Hornby has seen a drop in sales due to delays in deliveries caused by shipping attacks in the Red Sea. Margate-based model trains and collectibles said that sales fell 8
Asos said it would take “necessary action” to turn around its fortunes, after the fast-fashion retailer’s losses in the first half widened. Sales also fell by almost a fifth. In
The group behind Bloom & Wild saw its losses increase to over £100 million in the latest financial year, as consumers reduced their flower purchases due to a lack of
Uniqlo has seen a surge in sales after a “banana bag” that became viral on TikTok. Newly filed accounts show that sales for the Japanese Fashion Retailer’s UK and European
Tesco will give a “thank-you” bonus to more than 220,000 workers after the profits of the supermarket rose by nearly 160 percent last year. The largest private employer in Britain
Asda was forced to release draft results to investors after the auditor failed to sign company accounts. Asda’s managers made the unusual choice to give a private presentation to lenders
Slug & Lettuce’s owner has expressed concerns about the future of his company as he races to refinance over £2bn worth of debt. Stonegate, UK’s largest pub operator, with over
The wet weather dampened the enthusiasm of shoppers, and the increase in non-essential spending such as clothing was only 1.6%. This is the lowest rise since September 2012. Barclays data
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,
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
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
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
