TG Jones restructuring plan approved by London court – report
UK retailer TG Jones has secured a London court approval for a restructuring plan featuring significant rent reductions and a…
01 Jul 2026
German retail sales climb 1.1% in May
German retail sales climbed in May, with turnover increasing by 1.1% in real terms against the previous month, provisional data from the Federal Statistical Office (Destatis) has shown. On a…
01 Jul 2026
Cumberland Farms completes $830m sale of Australian business
Cumberland Farms, the convenience retail arm of UK-based EG Group, has completed the sale of its Australian business to Ampol for approximately $830m (£626.59m) in cash. The disposal ends Cumberland…
01 Jul 2026
Nike swings to Q4 profit on tariff refund boost, but China slump deepens
US sportswear retailer Nike reported full-year revenue of $46.39bn for fiscal year 2026, while fourth-quarter (Q4) profit rose on an expected tariff recovery alongside continued weakness in China and Europe.…
01 Jul 2026
Andy Burnham wins retail backing on rates overhaul
Independent retailers across the UK are cautiously welcoming Andy Burnham’s pledge to reform business rates, saying the plans could help revive struggling high streets — but only if promises are…
01 Jul 2026
UK shop price inflation steady at 1.2% amid summer discounting
UK shop prices rose by 1.2% in June 2026 compared with a year earlier, unchanged from May, as summer discounting helped offset wider cost pressures across the retail sector. The…
30 Jun 2026
Accent rejects Frasers takeover approach as “materially inadequate”
Accent Group has rejected an unsolicited takeover approach from UK retailer Frasers Group, calling the A$0.65 ($0.45) a share proposal “opportunistic” and “materially inadequate”. Frasers, which owns 22.9% of the Australian…