Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity of the cost-of-living crunch.
The billionaire whose family controls Primark’s parent company has poured cold water on the idea that its newly-announced trial of click & collect services could lead to an eventual full offer online.
Retail stalwart Stuart Rose has joined business leaders in calling on the government to act on the cost of living crisis and rocketing inflation. The Asda chairman has urged ministers to help struggling households.
Long-awaited proposals to tighten buy-now-pay-later (BNPL) rules in the UK have been tabled by the government In a bid to improve protection for users of the short-term credit.
Two weekly footfall reports on Monday showed that visitor traffic to retail destinations continues to climb, but that the goal of reaching and even exceeding the same level as 2019 remains elusive.
Primark had big news on Monday and no, it wasn’t that trading is going well (which it is). It was that the company is working on a UK launch of a trial Click & Collect service for the end of this calendar year.
As global tourism flows resume after two years marked by the pandemic, the US cosmetics group has opened a new 28,000 m2 distribution centre in Switzerland.
Marks & Spencer Group’s major senior team changes this spring have been boosted further with the appointed of tech expert Ronan Dunne to its board as a non-executive director, effective 1 August.
Asda backer TDR Capital has poached eBay European boss Rob Hattrell. He joins the private equity firm as a partner from September. The news coincides with Asda saying its chief customer officer Meghan Farren is leaving.
The fine dining experience at Daniel has received a gloss up with help from French crystal brand Lalique.
N Brown began Thursday’s trading update with the positives. Citing its position as “a top 10 UK clothing & footwear digital retailer” the group said it saw continued growth in strategic product revenue.
London’s commercial property industry has hit back at a claim landlords are turning a “blind eye” to candy stores along Oxford Street. The claim comes after Westminster City Council launched a probe into 30 stores.
Prime London retail destination Regent Street faces a rise in empty stores, damaged by the post-pandemic work-from-home trend, according to the Crown Estate, as footfall levels in central London remain low.
Central London property giants Shaftesbury and Capco said on Thursday that they’re going ahead with their merger plans after months of talks.
Boohoo did something it wasn't used to on Thursday, it delivered a trading statement that showed falling sales. In the three months to 31 May, total sales fell to £445.7 million, down 8% year-on-year.
