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Retail
Ocado (LON: OCDO) Raises EBITDA Forecast For 2020 Riding on The Succ...
December 11, 2020 06:10 PM AEDT | By Kunal SawhneySummary 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...
December 05, 2020 11:40 AM AEDT | By Hina ChowdharySummary 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...
December 04, 2020 11:39 PM AEDT | By Kunal SawhneySummary 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
December 04, 2020 01:11 AM AEDT | By Hina ChowdharySummary 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
December 03, 2020 07:48 PM AEDT | By Kunal SawhneyIn 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
December 02, 2020 09:59 PM AEDT | By Hina ChowdharySummary 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...
December 02, 2020 11:19 AM AEDT | By Kunal SawhneyUK’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
November 28, 2020 06:48 PM AEDT | By Team Kalkine MediaSummary 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...
November 28, 2020 01:02 AM AEDT | By Kunal SawhneyAs 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?
November 27, 2020 10:42 PM AEDT | By Hina ChowdharySummary 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...
Boohoo (LON: BOO) Appoints Retired Judge Sir Brian Leveson to Superv...
November 26, 2020 11:57 PM AEDT | By Kunal Sawhney 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
November 26, 2020 02:08 AM AEDT | By Hina ChowdharySummary 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...
November 22, 2020 07:00 PM AEDT | By Hina ChowdharyThe 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...
November 20, 2020 10:44 PM AEDT | By Kunal SawhneySummary 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...
November 19, 2020 09:11 PM AEDT | By Team Kalkine MediaSummary 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?
November 19, 2020 02:30 AM AEDT | By Kunal SawhneySummary 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?
November 18, 2020 03:29 AM AEDT | By Team Kalkine MediaChristmas 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...
November 15, 2020 05:56 PM AEDT | By Kunal SawhneySummary 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...
November 14, 2020 03:29 AM AEDT | By Kunal SawhneySummary 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
November 13, 2020 11:55 PM AEDT | By Team Kalkine MediaWith over a million active coronavirus cases, the British government had to enforce another lockdown to curb the spread of the deadly virus. Similar s...
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