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Retail
Tesco employees to share £30m windfall
The employee share scheme of Britain's largest supermarket chain is set to pay out more than £30million in total.
Tesco announced that over 20,000 employees, who work mainly in its stores and warehouses, will benefit from the growth of…
Marks & Spencer defends 3p annual dividend
Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses.
At the retailer's annual meeting, held on Tuesday evening, several investors…
Dragon’s Jessops camera chain faces closure due to unpaid taxes
HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons' Den actor.
If the retailer fails to pay its tax, it could fall into insolvency. It has…
M&S adds smaller sizes of women’s clothing to its stock due to increased demand
Marks & Spencer has increased its stock of women's clothing in smaller sizes after a surge in sales left gaps in the shelves.
Stuart Machin is the chief executive at the high-street stalwart. He said that, three years ago, about a…
Marks & Spencer launches clothing repair and alterations services
Marks & Spencer will launch a clothing-repair service.
Customers will be able to get alterations and repairs from August, as the retailer responds to an increased demand for fashion that is sustainable and reused.
It has partnered…
THG and Frasers combine forces to make retail more profitable
Mike Ashley's Frasers Group forged an agreement with THG, which will make it the first third party retailer to use their buy-now-pay-later product.
The multi-year agreement will see the online retail company behind brands such as Cult…
John Lewis Clothing range aims to minimise waste and maximise durability
The low quality of high-street fashion contributes to the 30,000 containers of clothing, homewares and other goods that are thrown away by British consumers each year.
John Lewis has launched the first products of a new clothing range…
Frasers purchases THG’s Coggles site as they announce partnership deal
Mike Ashley's Frasers bought luxury goods sites from THG. The deal also includes selling the protein powder of the online health, beauty and wellness retailer in Sports Direct stores.
THG announced on Monday that it sold Coggles and…
Shein filed for London listing early in June, according to sources
Shein, according to sources, filed confidential papers with Britain's market regulator early in June. This started the process of a possible London listing for the online fast fashion retailer later this year.
Reuters reported May that…
Ocado shares plummet after Canadian grocery retailer halts robotic storage build
Ocado shares fell up to 17.6 percent on Thursday, after the UK-based grocery and technology firm announced that a deal for a robotic warehouse at Canadian supermarket chain Sobeys had been halted. The company also said their partnership was…
Spending on food, clothes and take-out is down for consumers
Even though inflation is down to 2% this year, consumers are still cutting back on their non-essential purchases, including eating out, buying takeaway food and clothes.
KPMG's latest figures show that after two years of rising prices…
Stock market plans for Taylor Swift’s “dirty” trainers are derailed by the French…
Golden Goose, the "dirty trainers" brand that Taylor Swift loves, will postpone their planned listing, after the French snap elections caused turmoil in European stocks.
The Italian brand owned by the British private equity firm Permira…
John Lewis and Waitrose attribute the surge in shoplifting to ‘greed, not need’
John Lewis and Waitrose say that "greed, not need", is the driving force behind record-breaking levels of shoplifting. The retail group has been testing trolleys that will lock if a person does not pay as well as smart shelves that detect…
Pubs are closing in greater numbers, as 80 pubs close each month
The Euros and Olympics will bring a boost to many landlords, but it may be too late for some pubs.
According to an analysis of official statistics by Altus Group, pubs have been disappearing in England and Wales at a rate 80 per month so…
King asked to revoke royal warrants for Cadbury and Marmite owner Unilever due to Russia connections
King Charles is being urged to revoke royal warrants for Cadbury and Marmite owner Unilever due to their connections with Russia.
Ukrainian campaigners wrote to King Vladimir Putin ahead of his birthday, June 15, urging him not to award…
DFS reduces profit forecast due to weak demand and supply delays
DFS' profits are being affected by the Red Sea disruption and slow demand for large-ticket purchases.
The sofa retailer warned that it would have lower profits than expected due to "weak upholstery markets" and delays in deliveries of up…
Four major UK supermarkets accused by the UK of misleading claims about ‘freshly-baked’…
The best thing since sliced toast. The smell of hot baked goods attracted shoppers who preferred a more fresh product to the pre-packaged standard.
Four big supermarkets have been accused of making misleading claims about the freshness…
Two former BHS Directors ordered to pay at minimum £18m for wrongful trading
The two former directors of the BHS department store chain have been ordered by the court to pay at least £18m for their wrongful trading, and breach of corporate duties.
The decision against Lennart Chandler and Dominic Henningson,…