Spotlight on 3 FTSE listed grocers as ‘pingdemic’ causes food scarcity anxiety

• July 15, 2021 06:52 AM BST
• Suhita Poddar

Summary  The UK reported a 13.1% surge in retail sales in June 2021 and for the second quarter of 2021, sales were up by 10.4%, as per the British Retail Consortium. Exceptional growth was possible because of ease in lockdown and higher co...

• July 14, 2021 11:51 AM BST
• Suhita Poddar

Summary  The US $100-million lawsuit has accused the online retailer of using fake sales and promotions to mislead shoppers in the US. The lawsuit has been filed by US firms Almadani and AI LawLawyers. If the claims are proven, Boohoo may...

• July 09, 2021 09:03 AM BST
• Suhita Poddar

Summary UK retail sector’s total footfall in June fell by almost 28 per cent from pre-pandemic levels two years ago as shoppers are making more purposeful trips. The retail sector is expected to improve further following the final lockdow...

• July 09, 2021 06:41 AM BST
• Manika

The year 2020 was the best and the worst year for the retail sector. It was the best year as shoppers who were working from home had a new set of needs, especially the need for online shopping. Retailers had to reinvent themselves to develop online...

• July 05, 2021 09:10 AM BST
• Suhita Poddar

Summary WM Morrisons Supermarkets has agreed to an all-cash takeover offer worth up to £6.3 billion from a group of investors led by Softbank Group owned investment management firm Fortress Investment Group. The takeover deal values Morri...

• July 01, 2021 03:00 PM BST
• Suhita Poddar

Summary Gap Inc, which owns 81 stores in the UK and Ireland, is shutting them all.  The company will undergo a consultation process with its employees.  The move was taken by Gap...

• June 21, 2021 12:32 PM BST
• Kamalika Ghosh

Summary UK’s fourth-largest supermarket chain by market share has vetoed an unsolicited takeover bid from a leading private equity firm Clayton, Dubilier & Rice. In recent times the many UK based listed companies has come on the i...

• June 18, 2021 10:03 AM BST
• Abhijeet

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 witnessed a 29.1% drop. 2020 was a year unlike any other, which severely impacted retail sec...

• June 16, 2021 11:11 AM BST
• Kamalika Ghosh

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 retailers of the UK. A new supermarket chain Mere is planning a grand launch in the UK. Since...

• June 14, 2021 02:37 PM BST
• Kamalika Ghosh

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% this year as the UK economy is gradually reopening. With the UK economy gradually reopening aft...