High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Travis Perkins profits slip 31 per cent amid slow down in house building August 1, 2023 Travis Perkins blamed a weak market for its falling revenues as the home improvement retailer struggles to cope with dwindling sales and a tough economic climate. In its half year results, the tools supplier said revenue slipped 2.5 per cent to £2.5bn and adjusted operating profits fell 31 per cent to £112m. A slowdown in [...]
Hammerson: Shopping centre giant secures refinancing for leading Dublin retail hub August 14, 2024 Shopping centre giant Hammerson arranged a €350m (£300m) loan for one of Ireland’s leading retail destinations, Dundrum Town Centre. The deal has been agreed with Pimco Real Estate, with its existing loan due to mature next month. Hammerson’s share of the new loan, which is repayable by September 2031, was €175m (£150m) with lenders for [...]
Diriyah: An Innovative Smart City Reshaping The World Of Work July 21, 2024 Alfie Gibbs, Chief Business Development Officer at Diriyah Company, tells Inside Saudi why Diriyah will be a destination like no other for businesses seeking to thrive.
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal April 9, 2024 Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Boardroom Uncovered: Meet the CEO leading American Golf’s transformation who runs10k every single day May 20, 2024 City AM's exclusive interview with the marathon-running CEO who's leading the transformation of American Golf.
Wet weather puts a dampener on footfall recovery in March April 5, 2024 The Easter bank holiday weekend was not enough to help significantly drive footfall in March, as wet British weather put another dampener on high street recovery.
Single-use plastic bag charge to double, with all shops adopting the tariff May 21, 2021 The extra charge for single-use plastic bags is set to double today, as the charge extends to all businesses in Britain. What was a 5p charge for a single-use carrier bag yesterday, will be 10p from today – and comes as pent-up demand pushes shoppers back to high streets. While it used to be only [...]
Barclays to snap up Tesco’s banking arm for £600m as retailer looks to unlock value for customers and shareholders February 9, 2024 Barclays has announced that it has agreed with Tesco to acquire the supermarket's retail banking business.
Birkenstock UK profits stumble as brand preps for £8bn IPO August 17, 2023 Birkenstock’s UK arm reported a drop in profits for the year but its sales continued to soar. The German business, whose stripped-back shoes are sometimes called ‘Jesus Sandals’, said total turnover reached £34m in the year ended September 2022 up from £23m in the same period the prior year. Full year retail revenues also more [...]