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.
It’s been so long on the market, Boots may be in danger of missing its sell-by date. With inflation and interest rates rising on both sides of the Atlantic, a deal to buy the retailer could be at risk of collapsing.
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.
Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported on Friday, citing sources.
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.
After a six-year absence, Venetian apparel group Slowear returns to Pitti Uomo with the Incotex Blue Division collection's second season, while preparing to open its second store in New York at the end of June.
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.
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.