Asda is facing fresh turbulence after a £1 billion IT upgrade led to significant operational disruption and a marked decline in sales, with the company bracing for a difficult festive
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The arrival of the annual John Lewis Christmas advert, a staple of the British festive calendar, usually signals the start of a robust retail season driven by both sentiment and
Luxury British retailer Fortnum & Mason has delivered impressive financial results, paying £2.6 million in dividends to its billionaire owners, the Weston family, following substantial profit and sales growth in
Sainsbury’s CEO Simon Roberts has issued a cautious stance on future recruitment amid mounting wage pressures, despite the supermarket giant celebrating its most successful Christmas trading period to date. The
Asda, the debt-laden supermarket chain, has emerged as the weakest performer amongst British grocers during the crucial Christmas trading period. The private equity-controlled retailer experienced a concerning 5.8% decline in
British discount retailer Lidl has reported exceptional Christmas trading figures, with sales surging 7 per cent year-on-year in the month leading to 24 December 2024. The German-owned supermarket chain achieved
The City of London witnessed a mixed trading session on Tuesday, as property sector woes were offset by broader market optimism. The FTSE 100 demonstrated resilience, closing up 0.4 per
Major hedge funds have intensified their short positions against British retailers, anticipating disappointing Christmas trading results amid mounting consumer pressures. The strategic positioning suggests a bearish outlook for the sector
British retailers are bracing for a challenging 2025 following what industry experts describe as a “disastrous” Christmas trading period, with mounting concerns over potential price increases and shop closures across
British retailers are steeling themselves for what industry experts predict will be a restrained festive trading period, with mounting concerns over household energy costs and housing expenses weighing heavily on
