Soaring temperatures, the World Cup, and royal wedding have boosted the UK’s return to GDP growth, yet the retail crisis continues with more store closures and job losses.
New analysis by the BBC has suggested that retail job losses in the UK could total 22,000.
Generation Z — covering those born approximately between 1996 and 2015 — is the first to grow up not knowing a world without the internet.
This morning a John Lewis profit warning grabbed the retail headlines, causing many to assume that the John Lewis Partnership is set to go the same way as many of its department store competitors.
The United Kingdom economy will see a spending increase by £720m this summer, even if England crash out of the 2018 FIFA World Cup at the Round of 16 stage, according to the Centre for Economic and Business Research.
Dixons Carphone has reported a 24% drop in profits as mobile phone users hold on to their handsets for longer and opt for sim-only deals.
The decision to ban several animal products by online retail giant ASOS has been lauded by animal welfare activists, but for environmentalists it is cause for significant concern.
Discount high street retailer Poundworld has announced that it has gone into administration, putting 5,100 jobs at risk.
In another blow for the British high street, the department store House of Fraser announced today that it plans to close 31 stores – more than half of its UK chain.
Once the stuff of science fiction, smart mirrors are now a reality.
In the future luxury retail will be characterised by “exacting” consumer standards.
Earlier this month, the Royal Bank of Scotland (RBS) announced that it would be closing 162 branches across England and Wales, resulting in 800 job losses.
Dixons Carphone made headlines this morning as its share price dived on the London stock exchange and it lost a fifth of its market capitalisation – dropping to £2.1bn.
Tesco’s decision to close its non-food website Tesco Direct, due the lack of profitability in its online retail business, is the latest move by global retail giants looking to increase efficiency through automation.
Marks & Spencer — a British high street fixture for more than 100 years and FTSE 100 constituent since its founding in 1984 — has admitted it must evolve or die.
Walmart is still winning the battle for US retail domination despite increased competition from the likes of Amazon.
Ocado shares rocketed on the news that it signed a partnership with the US supermarket chain Kroger.
Adidas recorded a “successful” start to the year with revenue growth of 10% in the first quarter.
US retail giant Walmart is shelling out $16 billion for control of Indian ecommerce platform Flipkart in a bid to cash in on India’s fast-growing economy.
Sainsbury’s and Asda, two of the UK’s biggest supermarkets, have confirmed their plans to merge, following media reports over the weekend — sending Sainsbury’s share price higher.
UK supermarket giants Sainsbury’s and Asda — two of the sector’s so-called big four grocers — have confirmed they intend to merge.
The online multiplayer phenomenon Overwatch was the second biggest earning title in the premium PC market in 2017 — a year since its release in May 2016.
A staggering 1.3% of the world’s population now have an Amazon Prime membership as paid subscriptions pass the 100 million mark.
Seattle-based and family-run fashion chain of department stores Nordstrom is opening its first New York City store today.
UK supermarket giant Tesco has said its underlying operating profits climbed 28.4% to £1.64 billion last year, marking the ninth consecutive quarter of growth for Britain’s biggest supermarket.
Unless you live in Burgess Hill (or one of the villages surrounding it), a small town south of London, the chances are you won’t have heard of Charlotte’s Cupboard.
The Christmas period was unable to save the UK’s biggest toy retailer from closure.
The world is becoming more health-conscious and sportswear giants Nike are reaping the rewards.
As the parent company of many of the world’s biggest luxury brands, such as Dior, Louis Vuitton, TAG Heuer and Givenchy, LVMH has access to a vast pool of the world’s most talented creatives.
The WPP share price — already struggling due to tough industry trading conditions — has fallen at the market open in London today, down a little over 2%.