London’s Oxford Street set for major boost after popular bargain store plots opening March 11, 2024 London's Oxford Street is set to get a major boost after a popular off-price retailer is gearing up to open its second site on the retail drag.
Ocado not for you: Three reasons why online grocer’s results may not be as bad as they seem February 28, 2023 Ocado’s crown as the online food retailer which keeps the middle classes stocked in organic essentials has been threatening to slip for a while now. As one of the companies which sits at the ‘higher-end’ of the online supermarket price point the rising cost of living, not to mention higher mortgage interest rates, was expected [...]
FTSE 100 close: Ocado drags London index into black as markets brace for inflation data July 18, 2023 London’s FTSE 100 squeezed out gains today that have pushed it back into the black in 2023, propped up by shares in online grocer Ocado soaring after a decent set of results. The capital’s premier index jumped 0.64 per cent to 7,453.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
Sainsbury’s shares slip as investors spooked by latest update July 2, 2024 Sainsbury's food sales have continued to grow with the supermarket gaining a boost from its one hour grocery delivery service and its Aldi price match scheme.
Mike Ashley’s Frasers continues expansion with move into former John Lewis site January 29, 2024 Mike Ashley’s Frasers Group will move into the former John Lewis space at Invesco’s £202m shopping centre in Queensborough, as it pushes ahead with expansion plans.
John Lewis brings back former fashion boss in bid to turn fortunes around January 12, 2024 John Lewis is bringing back its former director Peter Ruis to lead the department chain, in its latest efforts to turnaround the business. Ruis will return to the ailing retailer as executive director after a near decade long hiatus. The high street heavyweight has had senior level stints at some of the world’s most recognised [...]
Mastercard and Visa are back in court over interchange fees February 14, 2024 The lawsuits allege that Mastercard and Visa both acted unlawfully by overcharging businesses for accepting credit and debit card payments on corporate and consumer cards.
Edinburgh Woollen Mill Group still owes £167m to unsecured creditors following collapse June 14, 2023 Philip Day’s Edinburgh Woollen Mill Group empire is understood to still owe money to unsecured creditors following its collapse almost three years ago. The cluster of retail assets, which included Jaeger, Peacocks, Bonmarché, and Edinburgh Woollen Mill, fell into administration in 2020 after sales declined during the pandemic. However, administrator reports for the brands now [...]
M&S launches legal challenge after Gove blocks Oxford Street store revamp August 31, 2023 Marks and Spencer has launched a legal challenge against the government’s decision to reject the supermarket’s plan to revamp its Marble Arch store. The high street stalwart has accused Secretary of State for Levelling Up, Housing and Communities, Michael Gove, of unfairly applying planning policy to block the redesign of its flagship store. “We [...]
British retailers cheer Christmas sales, but City analysts warn of coming storm January 15, 2023 Britain’s largest retailers kicked off 2023 strongly last week, posting better than expected Christmas sales, signalling the consumer is holding up a bit better than feared. Tesco’s like for like sales were 7.9 per cent higher, while Marks and Spencer pocketed a 7.2 per cent rise. Sainsbury’s also posted record Christmas sales. Those bumper numbers, [...]