Wednesday, July 17, 2019

Debenhams issues third profit warning of 2018

Department store chain Debenhams has issued its third profit warning this year, blaming “increased competitor discounting and weakness in key markets” and adding...

John Lewis to buy back used clothing

Department store John Lewis is to buy back worn-out clothing in an attempt to cut down on waste.The high street retailer is trialling...

Good weather and royal wedding boost UK retail sales

Gavin Jackson and Adam Samson in London June 14, 2018 Print this page Sunshine and royal wedding celebrations brought relief to Britain’s struggling retail sector as...

Shoppers who have kept UK retailers alive are a spent force

I feel an affinity with the House of Fraser retail group. For many years my parents’ phone number differed by only one digit...

Poundworld files for bankruptcy

Jonathan Eley and Andy Bounds June 11, 2018 Print this page Poundworld has filed for administration after its private equity owner failed to find a buyer...

Are business rates killing the British high street?

Retail industry leaders have criticised soaring business rates following a week of bad news for UK retail.A total of 11,500 jobs are at...

Landlords rebel over House of Fraser rescue plan

The property industry has been grumbling about House of Fraser’s company voluntary arrangement since it was first mooted in early May. Now it...

WH Smith voted worst shop on the high street

WH Smith has been voted the worst retailer on the UK high street in a survey of more than 10,000 consumers.It is...

Could M&S lose its high street crown?

Marks & Spencer has become the latest and most high-profile high street name to announce a round of store closures, pilling further...

Tesco to scrap best-before dates on own brand fruit and veg

Tesco has announced that it will no longer use ‘best before’ dates on some of its produce.More than 70 lines of packaged fruit...

House of Fraser enters administration: can anything save the British high street?

House of Fraser has been bought by Sports Direct tycoon Mike Ashley just hours after going into administration this morning. Ashley - who...

House of Fraser to close half of stores: can anything save the British high...

Department store House of Fraser is closing more than half of its shops, including its flagship London Oxford Street store.The move, which...

House of Fraser to close stores

In another sign of distress on the UK’s beleaguered high-street retail sector, House of Fraser has announced plans to close stores in...

Asda-Sainsbury’s merger ‘should face competition probe’

Opposition politicians have called for the merger between Asda and Sainsbury to be investigated by the competition watchdog amid fears customers could...

Retail sales slump as Beast from the East keeps shoppers away

The bad weather caused by the so-called Beast from the East has led to disappointing sales for British shops, with customers staying...

How Tesco turned its profits around

Tesco today reported soaring profits, just three years after it unveiled the worst results in its history.In April 2015, the supermarket group...

Sugar tax: anti-obesity measure takes effect

The price of some soft drinks will rise today as the Government’s long-awaited sugar tax is implemented.The new measure, designed to tackle...

New Look to close 60 stores in bid to save fashion empire

Fashion retail chain New Look has sought approval from its creditors to close more than 60 stores, putting as many as 980...

High-street insolvencies rise for first time in five years

The number of high-street casualties rose for the first time in five years in 2017, as retailers struggled with rising wage costs,...

Co-op to sell food past its best before date for 10p

The largest independent food retailer in East Anglia has started to sell food produce that has gone past its best before date,...

Singles’ Day: China’s $25bn shopping spree

Shoppers in China spent $25.3bn in a single day on Saturday, smashing previous records for the world’s largest retail event.What is Singles’...

Weak retail sales data could force interest rates rethink

UK retail sales fell more than expected in September, as “inflation fuelled by a post-Brexit vote fall in the pound continued to...

Pink shirts, egg cups and blow-up flamingos: what Brits are buying in 2017

John Lewis has released its fifth annual retail report, revealing what customers have been searching for and buying in 2017.Perhaps most surprisingly, searches...

Bunnings loses £54m in first year running Homebase

The UK arm of the Australian garden centre chain Bunnings recorded a loss of £54m for last year, marking a difficult first...

Britain's 'big four' supermarkets fight for their lives

This morning's news that Asda's quarterly sales figures have risen for the first time in three years garnered a number of headlines...

Tisn't the season: Selfridges' Christmas launch fails to raise any ho-ho-ho

London enjoyed some long overdue summer sun yesterday, with temperatures a "balmy" 22 degrees, says The Sun. But there was a late-December vibe...

UK consumers lose £10bn a year to scams

Fraudsters posing as Microsoft IT workers fleeced 34,500 Britons out of "hundreds of millions of pounds" before police announced their arrests this...

Avocado Wars: Morrisons slashes price of 'wonky' fruit

Despite the worldwide surge in prices for the exotic fruit, Morrisons have slashed the price of their avocados. The grocer will now...

Morrisons and Sainsbury's shares drop as Aldi and Lidl surge

Shares in Morrisons and Sainsbury's have dropped more than two per cent as the UK's "big four" grocers came under fresh pressure...

Next warns of 'challenging' 2017 after Christmas downturn

High street fashion chain Next has warned that 2017 will be "challenging" after reporting a downturn in sales over the festive period.Full-price...