Retail

Boohoo (LON: BOO) Appoints Retired Judge Sir Brian Leveson to Superv...

  In a move to enhance its supply chain and bring in better business practices, the UK-based online fashion retailer Boohoo Group Plc (LON: BOO)...

Kingfisher Plc (LON: KGF) acquires B2B2C platform Needhelp

Summary Kingfisher plc has acquired a rapidly growing Business-to-Business-to-Consumer platform ‘NeedHelp’ The acquisition will streng...

Should Supermarkets Return The £1.9 Billion Taxpayers Money Taken as...

The retailers, including the supermarkets, were one of the few who have escaped from the economic fallout induced by the coronavirus pandemic or were...

Kingfisher Plc (LON: KGF) Registers Sales Growth on DIY Demand in Co...

Summary Kingfisher plc reported a 17.2 per cent spike in its sales in the three months to 31 October The group’s e-commerce sales increased...

Will Tesco (LON: TSCO) Share Price Rally Halt with BBC’s Investigati...

Summary BBC has reported that the workers in the clothing and textiles supply chain of Tesco are being exploited for commercial gains. Tesco will...

Will the Momentum of Online Spending Continue After the Festivals?

Summary The first week of November has seen a surge of 60 per cent in online sales Though in-store sales are estimated to see a decline, an unprec...

Are Sainsbury’s 2020 Christmas Advert Racist?

Christmas is round the corner, and it is going to be very important this time for the consumers of the UK after the coronavirus pandemic hit...

UK Retailers on Taxpayers’ Support Rolling Out Dividends-How Honest...

Summary Many of the UK’s retail firms have availed government’s stimulus support such as furlough schemes or soft loans to protect thei...

Will WH Smith See Recovery After Closing Stores And £280 Million Ann...

Summary WH Smith Plc is planning to shut down 25 high street stores in the next few months The company has reported a £280-million annual lo...

A Consumer Services Stock Worth Looking at in the Present Scenario

With over a million active coronavirus cases, the British government had to enforce another lockdown to curb the spread of the deadly virus. Similar s...

How Are Supermarket Stocks Performing Amid Rise in Food and Beverage...

Summary Grocery sales in the UK have registered a growth of 7.2 per cent in the last week of October 2020 and 6.2 per cent for the whole month on a...

Sainsbury’s (LON: SBRY) Double Up Scheme Now More Rewarding for Vuln...

Summary The annual Nectar ‘Double Up’ promotion of the UK-based general retailer J Sainsbury PLC has started. The points can be double...

Is Ocado (LON: OCDO) Stock Getting Impacted by Fresh Patent Infringe...

Summary Robotics company AutoStore has filed another lawsuit against Ocado accusing it of infringing patents On 1 October 2020, AutoStore had sued...

WH Smith (LON: SMWH) Drops A £4.5 Million Bonus Plan for Its Chief E...

Summary WH Smith has abandoned its plans to reward its chief executive with a windfall of shares worth millions The book and the stationery chain...

Sainsbury’s to Slash 3,500 Jobs and Close Down Nearly 420 Argos Stor...

Summary Sainsbury’s reported a loss of £179 million on account of the coronavirus pandemic while announcing its half-yearly report Des...

Marks & Spencer Post First-Ever Loss In 94 Years After Its Clothing...

Summary M&S has reported a loss after tax of £6 million in the first half-year of 2020, its first in 94 years The company has witnessed...

How Are Primark and Sainsbury Preparing For The Second Lockdown?

Summary Stores of Primark have already temporarily shut down in Ireland, France, Belgium, Wales, Catalonia in Spain, and Slovenia Stores in Englan...

Ocado Shares Surge on Acquisition Deal of Two US Robotics Firms

Summary Ocado Group is set to buy two US robotics firms - Kindred Systems Inc and Haddington Dynamics Inc - for a total of $287 million Ocado expe...

Next Plc Increases Profit Forecast but Fears Another Lockdown

Summary FTSE 100 listed retailer expects its pre-tax profit for the year to be £65 million higher than it forecast last month to £365 m...

Shoe Zone Shares Crash Amid Warning of Store Closures, Yearly Loss

Summary Shoe Zone share price crashed by around 8 per cent intraday to hit an all-time low of GBX 35 The shares of the company had lost as much as...