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Retail
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How Sunak’s Amazon Tax Plan Will Impact the Online Retail Stocks
March 08, 2021 09:47 PM AEDT| By Suhita PoddarSource: William Potter, Shutterstock Summary UK Finance Minister Rishi Sunak is said to be garnering support from his G7 finance minister counterparts for a new Amazon tax aimed at taxing online retail giants, such as Amazon. The move comes ah...
Government asks Boohoo (LON: BOO) to link senior staff bonuses to its climate goals
March 05, 2021 09:23 PM AEDT| By Team Kalkine MediaSource: William Potter, Shutterstock Summary The EAC committee has asked the company to link its remuneration incentives to environment and sustainability improvements. Mahmud Kamani, Chairman of Boohoo, has agreed to deliver on the promises m...
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Why Amazon opened a just walk-out store in the UK
March 05, 2021 08:33 PM AEDT| By Suhita PoddarSource: Nopparat Khokthong, Shutterstock Summary e-commerce giant Amazon opened its Amazon Fresh grocery store in Ealing, West London, without tills to support a contactless shopping experience for customers. It is the first-of-its-kind physic...
Budget 2021: How Can the Contactless Limit Increase Help the Retail Sector?
March 04, 2021 08:01 PM AEDT| By Suhita PoddarSource: Freedomz, Shutterstock Summary British Finance Minister Rishi Sunak announced an increase on the contactless payment limit from £45 to £100 in a bid to boost the retail sector. Sunak said the UK is no longer required to adh...
What Does the Latest Kantar Analysis Say About UK’s Online Shopping Trends?
March 03, 2021 09:39 PM AEDT| By Suhita PoddarSource: William Potter, Shutterstock Summary Kantar said online grocery sales accounted for a record 15.4 per cent of market share in the four weeks to 21 February, from 8.7 per cent in 2020. British supermarket giant Tesco’s market shar...
How Boohoo’s shares dropped by over 4 per cent over US ban concerns
March 02, 2021 10:24 PM AEDT| By Suhita PoddarSource: Siyanight, Shutterstock Summary UK-based online clothing company Boohoo’s share prices fell sharply on Tuesday. US-based charity organisation Liberty Shared filed two petitions against the company over potential forced labour pra...
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Is the £5-bn scheme for high street recovery in Budget 2021 enough?
March 01, 2021 08:04 PM AEDT| By Team Kalkine MediaSource: TheCorgi, Shutterstock Summary The UK government has announced a £5-billion scheme for high street recovery. The scheme is expected to help as many as 700,000 businesses to restart. The Confederation of Briti...
Why Ikea's UK annual sales dropped by 10% in 2020
February 25, 2021 11:25 PM AEDT| By Team Kalkine MediaSweden-based furniture retail giant Ikea reported a dip in its total UK annual sales by 10.2 per cent due to the pandemic-related uncertainties. The company’s UK sales touched £1.....
Why the UK’s Fashion and Textile Industry Is Bleeding
February 20, 2021 03:11 PM AEDT| By Kunal SawhneySummary Covid-19 disrupted the supply chains and cash flows of suppliers to big fashion brands. A study has found most working women who died from Covid-19 were sewing machinists. Around 400 companies have told PM Boris Johnson that Brexit-rel.....
How Dunelm generated high profits in H1 2021
February 11, 2021 01:01 AM AEDT| By Kunal SawhneySummary The FTSE 250-listed stock has observed huge growth in sales and profits for the first half of FY2021. Despite the second lockdown impacting the business, the company was successful in resuming its dividend. Dunelm.....
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. The retail company plans to open a distribution centre employing up to 1,000 people in mainland Euro.....
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 sum of £25.2 million. The Arcadia group failed to cope up with the pand.....
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 retailers. The retailers have not paid property-based business rates since the pandemic started. T.....
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 French Connection nearly doubled in the intraday dealings on 5 February. Shares of Fr.....
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 EG Group. The deal will be completed in Q2 2021 and will be worth £750 million. The.....
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 into a conditional agreement to buy DTLR Villa for a net cash consideration of $495 million. &n.....
Fashion retailer Boohoo (LON: BOO) in talks with Sir Philip Green’s Arcadia Group
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 its brands. The talks were in early stages and further information would be given by the fas.....
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 before tax of £36.1 million during the period. Nevertheless, its 'Click and Drive.....
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 closing of all the department stores of Debenhams. UK’s leading online fashion retailer Boo.....
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 been picking up steam in the aftermath of the Covid-19. Boohoo is said to be in talks to acquire Deb.....
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