Retail

The potential takeover of Seven & i by Alimentation Couche-Tard (ACT) indeed represents a significant moment in the global convenience store industry. If the acquisition goes through, it would not only be the largest foreign acquisition…

Boohoo, the struggling fast-fashion retailer, has found itself in a standoff with its suppliers after withholding payments due to claims of subpar clothing quality. The online budget specialist has allegedly targeted manufacturers…

The situation facing Britain's private equity-owned supermarkets is becoming increasingly challenging. Morrisons is experiencing a significant loss of senior management, with seven directors, including convenience director Miles Foster,…

In 2009, supermarkets across the United Kingdom embarked on a self-service revolution, replacing traditional cashier-manned tills with automated checkouts. The aim was to speed up transactions and reduce labour costs. However, as time has…

Starbucks Corporation has announced a significant leadership change, appointing Brian Niccol, the current head of Chipotle Mexican Grill, as its new chairman and chief executive. This move comes in response to declining sales and mounting…

Asda, the UK-based supermarket chain, has experienced a notable decline in its grocery market share, according to recent data from Kantar. Over the 12 weeks leading up to August 4, Asda's sales dropped by 6%, reducing its market share from…

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…