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Retail
Sports Direct owner’s new boss to get £100m bonus: What can investors expect?
August 27, 2021 01:06 PM BST| By Suhita PoddarFrasers Group Plc (LON: FRAS), owner of famous brands like Sports Direct and House of Fraser, has proposed new bonus plans and remuneration package for its incoming CEO Michael Murray. As per the proposed remuneration plan, Mr. Murray will be award.....
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Lens on 3 FTSE retail stocks as supply chain disruptions hit food retail
August 26, 2021 01:36 PM BST| By Kamalika GhoshHighlights Greggs Plc was the latest establishment to get hit by disruptions in supply the chain which has crippled retail and hospitality businesses across Britain. It has been reported that Greggs was hit by a supply crunch in their popular c.....
Boohoo’s (LON: BOO) eyes global expansion through £500-million investment
August 13, 2021 03:48 PM BST| By Suhita PoddarHIGHLIGHTS Boohoo in its first-ever Economic Impact Report announced, plans to invest £500 million to grow its customer base in the UK and international markets. The company plans to create over 5,000 new jobs across purchase, technology,.....
Focus on 4 FTSE retail stocks as UK retail sales growth slows in July
August 10, 2021 10:22 AM BST| By Kamalika GhoshSummary The UK’s retail sales growth was at its slowest pace in July month as per the British Retail Consortium-KPMG. The slow pace of retail growth was mainly due to change in consumer spending behaviours after lockdown ease and po.....
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Morrisons (LON: MRW) shares surge on increased Fortress offer
August 06, 2021 04:51 PM BST| By Suhita PoddarSummary UK’s supermarket giant Wm Morrison Supermarkets Plc agreed to an acquisition offer valued at £6.7 billion ($9.3 billion) from Fortress Investment Group. Morrisons and Bidco announced an increased cash offer value of 272 penc.....
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Greggs, M&S and Next in focus as July retail footfall drops further
August 06, 2021 08:31 AM BST| By Kamalika GhoshSummary As per the British Retail Consortium-Sensormatic IQ tracker, UK’s retail footfall was 28% lower in July compared to two years ago. The easing of restrictions in the last week of July led to the retail sector’s best wee.....
Robust earnings of Games Workshop and Moonpig amid fall in UK’s July retail sales
July 28, 2021 12:49 PM BST| By Kamalika GhoshSummary Retail sales in the United Kingdom saw a marginal dip in July 2021. Still, sales numbers are in line if compared with the pre-pandemic levels as per the Confederation of British Industry. Demand in the retail sector looks sust.....
Spotlight on 3 FTSE listed grocers as ‘pingdemic’ causes food scarcity anxiety
July 22, 2021 03:37 PM BST| By Suhita PoddarSeveral UK supermarkets, and other wholesale companies are facing an unprecedented shortage of food supplies after the NHS test and trace app sent out a rising number of covid-19 alerts to British residents. Recipients of such alerts are supposed .....
Needle on 3 FTSE listed Supermarkets amid fall in online sales
July 21, 2021 03:20 PM BST| By Kamalika GhoshSummary Online grocery sales saw a decline of 2.6% in the four weeks leading to 11 July. Reopening of the hospitality sector and consumer spending on non-essential items were the major reasons for the dip in online grocery sales. .....
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Focus on 3 FTSE retailers as self-isolation rules cause severe staff shortages
July 19, 2021 09:57 AM BST| By Suhita PoddarSummary UK retail firm Marks and Spencer and industry body Confederation of British Industry joined a growing list of firms calling for immediate change in the UK’s self-isolation policy. Retailers are facing major staff shortages d.....
5 FTSE stocks that may get impacted from new face mask rule
July 15, 2021 09:59 AM BST| By Kamalika GhoshThough not mandated by law, the government has recommended shoppers wear face masks Monday onwards, when the last of the Covid-related restrictions would be lifted on 19 July. The government has left it to firms to decide what their safety policies.....
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Top 5 FTSE retail stocks for July
July 15, 2021 06:52 AM BST| By Suhita PoddarSummary 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.....
Boohoo struggles to keep co-founder away from $100-m US lawsuit
July 14, 2021 11:51 AM BST| By Suhita PoddarSummary 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.....
3 most interesting FTSE 100 retail stocks post covid-19 hit
July 09, 2021 09:03 AM BST| By Suhita PoddarSummary 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.....
Know the 10 biggest retail companies around the world in 2021
July 09, 2021 06:41 AM BST| By ManikaThe 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.....
Morrisons shares surge 11% after accepting £6.3 billion takeover deal
July 05, 2021 09:10 AM BST| By Suhita PoddarSummary 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.....
Why Gap is shutting down all its stores in the UK and Ireland
July 01, 2021 03:00 PM BST| By Suhita PoddarSummary 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.....
Why Morrisons rallied despite rejecting an offer from Clayton?
June 21, 2021 12:32 PM BST| By Kamalika GhoshSummary 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.....
2 Retail Stocks in Focus: Halfords Group Plc and Motorpoint Group Plc
June 18, 2021 10:03 AM BST| By AbhijeetSummary 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.....
Stiff Competition for Tesco and Likes, Mere to Open 300 Stores Across the UK
June 16, 2021 11:11 AM BST| By Kamalika GhoshSummary 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.....
