Retail

Sir Philip Green’s Arcadia Empire and Its Downfall

Summary The legendary Arcadia fashion empire of Sir Philip Green fell into administration last year Collapse of Arcadia was the biggest corporate...

Christmas Cheers for Retailers: Tesco (LON: TSCO), Dunelm (LON: DNLM...

Summary Lockdowns continue to fuel growth for retailers like Tesco and Dunelm. The retailers recorded huge sales in the run-up to Christmas season...

AB Foods (LON: ABF) revenue fell with Primark sales down 30 per cent

Summary Revenue down for the retail segment, but up for grocery, sugar and agriculture The group foresees minimal impact of the post-Brexit change...

Kingfisher Plc (LON: KGF) May Beat Profit Expectations on Surge in D...

Summary As consumers took to do-it-yourself projects during the coronavirus pandemic, the company anticipates a rise in profit. Online sales have...

BRC-KPMG report declares 2020 as the worst year for UK retail

Summary The BRC trade body published a report on Tuesday depicting a 0.3 fall in the total retail sales The figures indicate the performance of th...

Shop Prices in UK continue to slide: British Retail Consortium

Summary UK shops will remain closed amid the third lockdown restrictions. The prices of shops have been declining month-on-month. Online shopping...

Next Plc (LON: NXT) rallies 9% to 5-year high as provisional Q4 onli...

Summary Next Plc shares surged more than 9 per cent on Tuesday after the company reported a considerable uptick in the provisional sales in fourth...

Why Tesco (LON: TSCO) is Recalling One of Its Popular Christmas Snac...

Summary Tesco has recalled one of its Christmas snacks and warned the customers against serious health hazards A batch of Finest Festive Fruit &am...

Frasers Group (LON: FRAS) Withdraws Guidance of A 20-30% EBITDA Impr...

Summary Frasers has withdrawn its earlier guidance of a 20-30 per cent improvement in underlying EBITDA. Shares of UK retailers dropped in the wak...

What Ocado Group Plc (LON: OCDO) is going to achieve with the acquis...

Summary Ocado has acquired San Francisco-based robotics company Kindred Systems Since its inception in 2014, Kindred Systems was amongst the pione...

Ocado (LON: OCDO) Raises EBITDA Forecast For 2020 Riding on The Succ...

Summary Ocado Group plc has upgraded its EBITDA forecast for the year of 2020 on the back of the continued success of its joint venture Ocado Retai...

Footfall at UK Retailers Remains Weak After lifting of Second Lockdo...

Summary Footfall across High Street retail establishments in the UK registered an 87 per cent jump on 2 December compared to the same day the previ...

Sainsbury (LON: SBRY) and Asda forgo rate relief as retailers return...

Summary Sainsbury's, Asda, Aldi and B&M are in line with Tesco and Morrison’s in repaying the business rate reliefs The supermarkets enj...

Tesco PLC (LON: TSCO) To Repay £585 Million To the Government

Summary Tesco will be repaying £585 million of business rates relief that was provided in the early days of the Covid-19 pandemic The s...

Lady Green to Pay £50 Million Into Pensions Deficit of Arcadia Group

In a move to bridge the pension deficit gap of Acradia Group, Lady Tina Green has said she would pay £50 million cash, which was not due for ano...

Debenhams To Shut Shop After Failed Rescue Talks 

Summary Debenhams, the 242-year-old iconic retailer, will be liquidated after Christmas Attempts to rescue Debenhams failed when the British sport...

Marks & Spencer (LON: MKS) Extends Activewear Offer After Covid Spar...

UK’s leading fashion & food retailer, Marks and Spencer Group Plc (LON: MKS) has reportedly extended its offers on the bestselling activewea...

Arcadia Fashion Group Working on Contingency Plan to Avert Collapse

Summary Arcadia Group said it was working on several contingency options to safeguard the future of its brands Arcadia has been struggling even be...

Festive Season: Black Friday, Christmas Deals on Aldi, Tesco, Sainsb...

As we are inching closer to the final month of the year, a bunch of supermarkets, online retailers and e-commerce giants have announced flashy and luc...

Amazon Bonus Bonanza: Will Other Online Retailers Follow the Suit?

Summary Amazon has revealed its plan to give a special bonus of $300 and $150 to its frontline full-time and part-time employees, respectively The...