There has been speculation for several years that West End landlords Capco and Shaftesbury could link up and now it seems that they really are in talks about a merger that would value the joint firm at around £3.5bn.
With UK interest rates having risen again in response to surging inflation, the latest BDO High Street Sales Tracker could be evidence of the last gasp of a shopping frenzy ahead of consumer belt-tightening.
UK premium lifestyle retailer The White Company has extended its contract with multi-channel fulfilment services company Wincanton for a further five years. The new deal comes with more automation for the business.
Many UK trading updates at the moment see retailers reporting weaker sales and reining-in expectations for the year. But Next’s update on Thursday did neither, even though sales guidance for 2022 overall is fairly muted.
Retail destinations “fared well” over the early May bank holiday with a strong uplift in footfall from the week before, according to footfall expert Springboard. The rise averaged 8% over the Saturday to Monday period.
There was good news and bad in Boohoo’s final results for the year to February, but much of the bad news had been flagged in advance and the firm said the pain it's feeling now should be balanced by future growth.
Amazon.com Inc, the second-largest U.S. private employer, told its staff on Monday it will pay up to $4,000 in travel expenses annually for non-life threatening medical treatments including abortions, reports said.
A major UK union is calling for retailers to pay a minimum wage of at least £12 per hour, as recent pay rises fail to offset rocketing inflation. Usdaw wants all companies to raise the base level as a step towards £15.