Retail

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…

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. Lord Rose, chair of asda will be leading the…

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 that he expects to use artificial intelligence to…

US consumer spending was unexpectedly high in August despite a slowdown on the labour market.The US Department of Commerce Census Bureau reported that retail sales rose by 0.1 percent after a 1.1 percent increase in July which was upwardly…

Kingfisher, the owner of B&Q, has increased its forecast for its lower end despite a weaker demand for high-ticket items. Its French business is also still struggling. As a result of signs that the housing market is improving in…

AllSaints has achieved another record-breaking year in terms of revenue and profit. The fashion retailer's sales and John Varvatos (its American subsidiary brand) rose by 0.6 percent to £459.5 in the 12 months ending February 3.…

Knoops raises £5 million through a deal valued at £34million. The chain of fast-growing chocolate drink cafes aims to open 5,000 outlets worldwide within the next decade. Since William Gordon-Harris first tried a Ugandan hot chocolate…

The best time to shop at TK Maxx begins as soon as it opens. The dozens of bargain hunters that had gathered at the retailer's Croydon branch in south London mid-morning on a recent weekday knew this. Families, students, and pensioners…