B&M European Value Retail has issued a profit warning as its new chief executive Tjeerd Jegen pledges “decisive actions” to restore the former discount powerhouse to consistent growth. Shares tumbled
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Claire’s Accessories, a familiar high street name, has collapsed into administration in the UK and Ireland owing at least £12 million to unsecured creditors, including major organisations such as the
Harrods, the renowned luxury department store in Knightsbridge, has confirmed it suffered a significant data breach impacting nearly half a million customers. The incident, which took place last week, underscores
When Stuart Machin attends M&S board meetings or visits stores, he is clad head to toe in Marks and Spencer apparel. At 55, the chief executive often jokes that he
Starbucks is embarking on a sweeping restructuring initiative, closing scores of cafes in the UK and North America while axing 900 non-retail roles, in a bid to revive the fortunes
The Cotswold Company has defied the prevailing downturn in the furniture sector, posting impressive sales growth as discerning consumers turn away from throwaway furnishings in favour of quality and longevity.
Richard Liu, the billionaire founder of JD.com, has called the past five years the dreariest chapter in his career. The Beijing-based ecommerce giant, known as Jingdong in China, is now
Shares in AO World surged over ten per cent after the online electricals retailer announced an ambitious share buyback programme and raised its profit outlook, marking a significant milestone in
Pret a Manger chief executive Pano Christou is emphatic about the company’s approach to pricing. Responding to widespread perceptions of rising costs, Christou insists that the chain has resisted significant
Sainsbury’s is reportedly in advanced discussions to sell its Argos retail chain to JD.com, one of China’s largest e-commerce firms. The FTSE 100 grocer acquired Argos for £1.4 billion in
Currys has unveiled a fifty million pound share buyback following a robust summer trading period, driven largely by heightened demand for AIenabled computers and cooling products during the heatwave. The
Jaguar Land Rover has been forced to suspend its production lines after a significant cyber attack attributed to a notorious teenage hacking collective. The group, known as Scattered Spider and
JD Sports Fashion has seen its shares climb following a smaller than expected decline in second quarter sales coupled with a pledge to uphold its annual profit guidance. The British
The founder of the UK’s preeminent toy retailer, The Entertainer, is preparing to place the company in the hands of its 1900-strong workforce. Gary Grant and his wife Catherine, who
Greggs chief executive Roisin Currie has stressed the company’s ambitions to expand beyond 3000 UK stores, despite a significant fall in pre-tax profit and the impact of unpredictable weather on
British consumers are increasingly adopting simpler meal preparation strategies at home as soaring food prices threaten to add £275 to annual household grocery expenses, according to recent research findings. The
