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Retail
Why JD sports is facing a whopping Brexit-induced cost of £10 mn
February 10, 2021 09:36 PM AEDT | By Team Kalkine MediaSummary JD sports chairman Peter Cowgill said Brexit-related issues were costing the firm more than £10 million. Th...
What led Boohoo’s to acquire three fashion brands of Arcadia
February 09, 2021 09:01 PM AEDT | By Team Kalkine MediaSummary Boohoo has taken over three of Arcadia’s brands -- Dorothy Perkins, Burton, and Wallis, for a whopping...
Why is Tesco demanding a 1% sales tax on online retailers?
February 09, 2021 01:44 AM AEDT | By Kunal SawhneySummary The chief executives of 18 companies have written to Chancellor Rishi Sunak and asked him to levy 1 per cent sales tax on all online retail...
Why French Connection shares rose like a rocket
February 07, 2021 11:42 AM AEDT | By Kunal SawhneySummary The board of French Connection Group has received two bids for takeover, separately from Spotlight Brands and Go Global Retail. Shares of...
Asda's petrol forecourts business to be sold to EG Group for £750m ...
February 04, 2021 08:36 PM AEDT | By Team Kalkine MediaSummary After the Asda acquisition, Issa brothers and TDR Capital have proposed to sell Asda’s petrol forecourts business to the&nb...
JD Sports shares hit 1-week high as it agrees to acquire DTLR Villa
February 03, 2021 01:54 AM AEDT | By Team Kalkine MediaSummary Shares of JD Sports surged to a weekly high after the company agreed to acquire 100 per cent of DTLR Villa. JD Sports has entered in...
Fashion retailer Boohoo (LON: BOO) in talks with Sir Philip Green’s...
January 30, 2021 11:47 AM AEDT | By Hina ChowdharySummary On Friday, Boohoo confirmed that it was in discussions with the Arcadia group to strike a deal over three of...
Lookers Plc releases its financial results for H1 2020
January 30, 2021 02:51 AM AEDT | By Kunal SawhneySummary The firm’s revenue sharply dropped by 40 per cent during the first half of 2020. It recorded an underlying loss befor...
Boohoo (LON: BOO) Takes Over Debenhams for £55 Million
January 26, 2021 04:53 PM AEDT | By Kunal SawhneySummary BooHoo Group to acquire all the intellectual property assets of Debenhams Retail Limited. The £55-million deal will lead to the clos...
Asos (LON: ASC) In Talks to Buy Arcadia’s Famous Brand Topshop
January 25, 2021 11:43 PM AEDT | By Kunal SawhneySummary British online fashion giant Asos is in talks with administrators of Arcadia retail. The trend of acquiring the high-street brands has bee...
Sir Philip Green’s Arcadia Empire and Its Downfall
January 23, 2021 10:17 PM AEDT | By Hina ChowdharySummary 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...
January 15, 2021 02:18 AM AEDT | By Hina ChowdharySummary 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
January 15, 2021 12:01 AM AEDT | By Kunal SawhneySummary 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...
January 13, 2021 06:50 PM AEDT | By Kunal SawhneySummary 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
January 12, 2021 11:26 PM AEDT | By Kunal SawhneySummary 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
January 06, 2021 08:41 PM AEDT | By Hina ChowdharySummary 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...
January 05, 2021 10:15 PM AEDT | By Kunal SawhneySummary 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...
December 24, 2020 10:27 PM AEDT | By Hina ChowdharySummary 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...
December 22, 2020 10:02 PM AEDT | By Kunal SawhneySummary 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...
December 16, 2020 03:15 AM AEDT | By Kunal SawhneySummary Ocado has acquired San Francisco-based robotics company Kindred Systems Since its inception in 2014, Kindred Systems was amongst the pione...
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