Waitrose has initiated a product recall affecting 750ml bottles of its No 1 Deeside mineral water following a Food Standards Agency alert regarding potential glass contamination. The supermarket removed the
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The Cotswold Company has delivered impressive festive trading results, posting a 14 per cent increase in like-for-like sales during the ten week period to 28 December. The premium furniture retailer,
Swedish furniture retailer Ikea is reshaping its British presence through a decisive pivot towards smaller city centre locations, signalling an end to its traditional out-of-town warehouse expansion strategy. Peter Jelkeby,
The UK arm of German discount retailer Aldi has announced record Christmas sales, with revenues rising 3% year on year to £1.65 billion during the four weeks to 24 December.
The British retail sector faces mounting challenges as fresh insolvency data reveals a sharp acceleration in corporate failures. According to analysis by advisory firm Kroll, the number of retail businesses
Retail footfall across the United Kingdom experienced a significant uplift on Boxing Day, registering a 4.4 per cent year-on-year increase and marking the strongest performance in ten years. The data,
Asda has offloaded two dozen supermarkets and a distribution depot in a £568 million transaction designed to alleviate the retailer’s substantial £3.8 billion debt burden. The sale represents the latest
Retailers face a challenging Boxing Day trading period as consumer spending is projected to reach £3.6 billion, representing a decline of approximately £1 billion compared to the previous year. The
Hedge funds have established substantial short positions against several major British retailers as the sector approaches its crucial post-Christmas trading updates, signalling significant market scepticism about festive season performance. Retail
The Competition and Markets Authority has raised concerns over continuing high profit margins on road fuel in Britain, challenging claims from fuel retailers that increased operating expenses justify the higher
With over 43 million adult Britons making purchases on Amazon every month, the retail giant has become the default destination for online shopping in the UK. Consumers spend more than
Coffee shops have become a vital thread in the fabric of British high streets, reflecting shifts in consumer trends and economic pressures shaping the sector. Today, the UK’s café market
LK Bennett, the well known British womenswear brand once synonymous with upper middle class elegance, has been placed on the market less than six years after its last rescue from
Retail sales volumes across the United Kingdom recorded an unexpected contraction of 0.1 percent in November, according to data released by the Office for National Statistics. The figures defied City
Elliott Management, the American investment firm controlling Waterstones and Barnes and Noble, is reportedly preparing to float the two bookselling giants in London or New York in the coming year.
Sothebys and Christies, two of the most influential auction houses in the world, are forecasting a reversal of fortune in the global art market after a prolonged downturn. Sothebys, headquartered
