Retail

Why Gap is shutting down all its stores in the UK and Ireland

Summary Gap Inc, which owns 81 stores in the UK and Ireland, is shutting them all.  The company will undergo a&...

Why Morrisons rallied despite rejecting an offer from Clayton?

Summary UK’s fourth-largest supermarket chain by market share has vetoed an unsolicited takeover bid from a leading private equity firm Clayt...

2 Retail Stocks in Focus: Halfords Group Plc and Motorpoint Group Pl...

Summary Halfords Group Plc reported a 13.1% rise in revenue in FY21 recommended a dividend of 5p per share. Motorpoint Group Plc revenue for FY 21...

Stiff Competition for Tesco and Likes, Mere to Open 300 Stores Acros...

Summary A new budget supermarket Mere is set to open 300 stores across the UK. The supermarket chain will be 30% cheaper than the existing budget...

Retail Stocks Under Watch as UK Consumers Expected to Spend £408 Bil...

Summary UK shoppers are expected to spend £408.5 billion in 2021, after months of lockdown. The retail sales are expected to grow at 3.5% th...

Carrefour And Tesco Announce End of Purchasing Alliance

Summary UK based supermarket major Tesco ended its 3 year purchasing alliance with France’s Carrefour, which has been operational since 2018...

Tesco Shares Not Much Impacted by Adverse ECJ Ruling

Summary The EU court ruled in favour of Tesco female shop floor workers in an equal pay dispute, triggering over £2.5 billion back pay claims...

JD Sports cracks 2% as it agrees to sell Sports Unlimited Retail

Summary JD Sports shares tumbled a little more than 2 per cent on Thursday The company has agreed to sell Sports Unlimited Retail BV Shares clock...

UK Shop Price Deflation Eases in May: Shoe Zone and JD Sports in Act...

Summary May’s shop price fall was lower than the previous month’s decrease of 1.3 per cent, said the latest BRC report. The deflationa...

Marks & Spencer Posts A Loss Of £201.2 Million; Clothing & Home Sect...

Summary Marks & Spencer Group posted a loss of £201.2 million for the 53 weeks ended 3 April. The group said clothing & home results...

Focus on 2 FTSE 250 Retail stocks: Dunelm PLC and Frasers Group PLC

Summary The Confederation of British Industry reported that UK retail sales data for May were in line with normal volumes, however, it was a bit of...

2 Retail Stocks to Look at As UK Shoppers Return to Supermarkets Pos...

Summary UK supermarkets got more footfalls in the 12 weeks to 16 May, as the vaccination programme is progressing in full swing. The average baske...

2 FTSE 250 Retailers in Focus: Marks and Spencer and WH Smith PLC

Summary The Office of National Statistics released data on 21 May indicating a rise in sales volumes by 9.2 per cent in April. Pent up demand duri...

Focus On 2 Lesser-Known Retail Stocks as Retail Sales Jump in April

Summary The UK retail sales rose 7.3 per cent in April as compared to the same month two years ago. The short-term trend of pent-up demand in shop...

UK Retail Footfall in April Picks Up; Next, JD Sports and Kingfisher...

Summary UK’s retail footfall has recovered considerably in April, surging by 240.8 per cent from a year ago. April’s footfall stood at...

What Led to the Surge in Fashion Retailers Superdry And Next Stocks?

Summary Superdry’s channel revenue from the ecommerce stream was up 33.8 per cent for FY 21. Next Plc raised its profit-before-tax central g...

5 Diversified Retail Stocks to Look for in May

In the past twelve months, there has been a thrilling and permanent shift to online shopping around the globe. Online retailer companies have also see...

Buzz in Retail Sector: Boohoo Earnings Up 37% While Ikea Begins Buyb...

Summary Boohoo reported a 37 per cent rise in its earnings for the year ending 28 February 2021. Ikea is driving its climate change initiative by...

Retail Companies in News - ABF, Next, Asda

Summary Primark owner Associated British Foods Plc has announced to hand back £121 million in furlough cash to the government. The CMA has r...

English Shoppers Binge on Covid-19 Restrictions Ease

A few days ago, non-essential retail was allowed to resume operations in England. Now, Scotland and Northern Ireland are also following the same by Ap...