Retail

In a proactive move, Tesco, Britain's largest supermarket chain, has agreed to introduce "digital passports" across its clothing range. This decision comes as the European Union prepares to enforce new rules aimed at boosting supply chain…

Commentators and institutional investors wondered if the first global sales drop since the pandemic was the result of a larger malaise. Chris Kempczinski's chief executive acknowledged that "it is clear that our leadership in value has…

Asda's chief Mohsin Issa announced an emergency cash injection of £30m amid an alarming drop in sales at the troubled grocery chain. The investment package will be implemented by the end of this year. It will increase staffing hours,…

Carpetright collapsed in debts worth almost £345m. More than half are owed by customers, suppliers and landlords, as well as other unsecured creditors. Administrators from PricewaterhouseCoopers, who were called in to the retailer this…

Adidas admits that it made a mistake in using Bella Hadid as a supermodel to promote a retro trainer brand dating back to the 1972 Munich Olympics. Bjorn Gulden is the chief executive of Bjorn Sportswear, a German sportswear company. He…

Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal in order to save it. Tapi, a rival flooring chain that he co-founded later, purchased the Carpetright trademark,…

LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as well as eight other upmarket outlets shopping centres in Europe for £1.5 billion. L Catterton is a private equity firm backed by…

The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was losing out on tourists with high spending habits. Jean Cassegrain said that the resurgence of tourism in London was "less…

Burberry's newly appointed chief executive, Joshua Schulman, fought through jet lag to reach the headquarters of the luxury group near the River Thames as soon as his transatlantic flight landed in London. The fortress-like structure has…

Carpetright's rival is the frontrunner in the race to purchase the flooring retailer. Tapi, a company founded by the members of the Carpetright family, has submitted a formal offer to buy the brand, intellectual property and portfolio of…

Adidas has raised its full-year forecast for the second time this year, in just three months. This is the latest sign that the turnaround plan of its CEO's is gaining momentum. Sportswear Group now expects an operating profit of €1bn…

Ocado's boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did not plan to take the online grocery group private or move its listing…

Burberry's chief executive has been fired and its dividend canceled after the latest of a string of profit warnings. The shares of the British luxury brand plunged after the announcement that Joshua Schulman had been appointed to replace…

Lawyers say that Shein's pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance Britain’s reputation as a country with strong…

Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs. PwC has been appointed to launch the formal sale process by the flooring retailer. The company, which has over 3,000 employees and…

Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save the remaining high-street chain. Mr Jatania, it is believed, is part of a group that has engaged in exclusive discussions…

Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with Aeon - Japan's largest grocery retailer…

If a landmark case against British Airways or easyJet is successful, millions of passengers may be compensated for delayed flights. British Airways and easyJet have been fighting to dismiss the case. This could force airlines to pay…