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Retail
Shein misses out on FTSE 100 position
Shein will miss out on a spot in the UK benchmark FTSE 100 Index as City investors start scrutinising one the largest and most controversial floats that have hit the London Market in recent years.
According to sources in the City, the…
Boohoo Investors seek damages of up to £100 million pounds after the minimum wage row
The online fashion specialist Boohoo is being sued by a group of investors for more than £100m after 2020 reports that its suppliers in Leicester mistreated workers led to a drop in its share price.
The value of Boohoo dropped by more…
Travel division sets WH Smith up for a bumper Summer
WH Smith has a busy summer ahead of it, as its travel division is growing and continues to offset the decline in sales on high streets.
The chain of retail stores, which sells snacks, books and stationery, claimed to be "well-positioned"…
Asda is now the most expensive UK retailer to purchase fuel, according to a study
Asda has become the UK's highest-priced supermarket fuel seller. This is after its private owners abandoned the retailer's long-held promise to be the lowest on the market.
According to an analysis of the RAC motoring organization, the…
Tesco to sell luggage and furniture in competition with Amazon
Tesco launched a digital marketplace to sell everything from giant chess set to office furniture. The supermarket giant is trying to compete with Amazon's online.
Tesco has added 9,000 products to its website as it tries to lure shoppers…
Shein gains Labour support for its £50bn London listing
The Labour Party has expressed its support for Shein, the Chinese online fashion firm that is preparing to launch the UK's largest ever stock market listing.
According to reports, the £52bn retailer will be filing confidentially a…
Ocado will be demoted from the FTSE 100 after failing to deliver its pandemic promise
Ocado was viewed as a symbol of changing consumer tastes when it entered the FTSE 100 in 2006, the same year that traditional retailer Marks & Spencer narrowly escaped relegation.
The roles are expected to reverse this week. M&S…
Rolex raises watch prices in UK amid gold rally
Rolex increased the price of certain precious metal watches sold in the UK, following an increase in demand for gold as a safe-haven asset.
Luxury company adds up to £1,500 on some watches. For example, the Daytona Chronograph in White…
Dr Martens cuts costs by up to £25 million pounds to combat weak US sales
Dr Martens did not rule out the possibility of job cuts, after announcing plans to cut up to £25m in costs to counteract weak US sales.
The British footwear company said that its latest cost-cutting program would aim to save £20m - £25m…
Marks & Spencer boss hails a ‘growth story” as annual profits increase 41%
Marks & Spencer's boss says he hopes for a "growth tale" in the years to come after the retailer, which has been revitalised, won more than 1 million new customers to boost its profits by 41%.
Stuart Machin, chief executive of…
Mike Ashley is looking to form a joint venture with Crown Estate
Mike Ashley has learned that he is considering a stake in the Princesshay estate of Exeter. This would be the first joint-venture between the retail mogul, and King's Property Company.
A retail property source revealed that Frasers…
Meadowhall sold for £360m by British Land
British Land sold its Meadowhall shopping center in Sheffield to a joint venture partner, a move that highlights the steep decline in retail property prices over the last decade.
Norwegian oil fund paid £360m for British Land’s 50%…
Paris is the destination for savvy shoppers who are shunning Britain in favour of duty-free
Last week, on a busy afternoon, the Galeries Lafayette department store in Paris was filled with shoppers from around the globe who came to buy designer clothing, shoes, and handbags. One of the most popular spots in this temple of fashion…
Is Ocado Plotting a Move to NASDAQ?
Ocado Group PLC (LSE:OCDO) has long been a household name in the UK, known for its online grocery retail business in partnership with Marks & Spencer. However, behind the scenes, Ocado is striving to establish itself as a technology…
Walmart beats forecasts thanks to resilient consumers
Walmart has surpassed Wall Street's expectations for profit and sales and increased its forecasts this year thanks to an increase in online sales.
The largest American retailer, which has a large number of stores in the United States,…
Shein shifts focus to London following the failure of her New York IPO
Shein will list in London in the next few months, as tensions between Washington DC and Beijing have slowed down plans to launch a major IPO in New York.
Donald Tang, the executive chairman of the Singapore-domiciled company, said in an…
Pret owner plans major expansion outside of coffee and sandwich sectors
After a difficult period for the food and beverage division, Pret A Manger's owner plans to increase its push into insurance .
JAB Holding has announced plans to create a global platform for insurance and establish a business in asset…
Shein’s listing plan of £53bn is a boost for London
The fast-fashion retailer Shein has accelerated its plans to float a record breaking in London.
Reports claim that the Chinese-founded online retailer chose London as its listing location, after deciding against New York due to tensions…