Summary A strong trading update soared the share prices of AO World The online electrical goods retailer forecasted a more than 50 per cent jump in group revenue. Sales rose, despite competitors reopening their physical stores in Summer after ...
Summary The online fashion retailer posted a record jump in pretax profit. The British fashion giant’s profits were up because it could cut costs of around £50 million. During the pandemic-induced lockdown period, the online retail...
Summary Small retailers would be attracting the tax instead of big retail giants like Amazon Local traders would be at a disadvantage as a result, and government should not allow that to happen, claim critics The company wants a common taxatio...
After the recent industry data suggesting a rise in British grocery sales for September 2020, market experts indicated that the share prices of two of the leading British supermarkets such as Tesco Plc (LON: TSCO) and J Sainsbury Plc (LON: SBRY) co...
Summary The Tesco Group has declared an interim dividend of 3.20p per share to its shareholders Doubling of online food sales and surge witnessed in the pre-tax profits during the crisis came as a defense for the company to payout dividend Sin...
Summary Frasers Group announced a staff bonus scheme that could be worth in excess of £100 million In 2017, the company had last made a bonus payout to 2,000 of its employees of £43 million Investors voted in favour of the staff bo...
Summary The Issa brothers and TDR Capital have acquired Asda from Walmart While entrepreneur brothers Mohsin and Zuber Issa of the EG Group and TDR will have equal shareholdings, Walmart would retain a minority equity investment in Asda. Asda...
The TDR Capital-backed EG Group has emerged as Walmart’s preferred bidder in the race to buy Asda Stores Limited with a £6.5-billion deal. Walmart Inc., the department store chain from the US is the parent company of Asda. While...
Summary An independent review identified several flaws in Boohoo’s Leicester supply chain In July 2020, the fashion retailer had appointed Alison Levitt QC to conduct an assessment regarding its responsibilities and duties related to the ...
Summary The retail sales in the UK grew at the fastest pace in September to +11 as compared to -6 in the month of August. Furniture, DIY, and grocery sales have increased sharply while Clothing and department store retailers continued strugglin...
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