John Lewis staff will not receive a bonus after £625m pre-tax loss
UK department store chain John Lewis & Partners saw a £635m pre-tax loss for the six months to 25 July,…
15 Sep 2020
Ocado sees surge in retail sales following M&S partnership
UK-based online grocer Ocado said today that its switch from delivering for Waitrose to delivering for Marks & Spencer (M&S) has seen “success”, with customers booking slots for M&S-branded groceries…
07 Sep 2020
Primark post-lockdown sales surpass expectations: Experts respond
UK-based high street retailer Primark has recorded “higher than expected” sales since reopening in June, with the company predicted to hit £2bn by the end of the year according to…
07 Sep 2020
Asda bid deadline sees private equity firms finalising takeover offers
UK-based supermarket chain Asda could be under new ownership this week, as the deadline for the supermarkets takeover bids concludes today. According to national newspaper The Telegraph, private equity firms…
01 Sep 2020
Debenhams asks bidders to make final offers
British international retailer Debenhams has asked bidders to finalise offers today to secure the future of the department store. Investment bank Lazard, which is in charge of Debenhams’ auction process,…
28 Aug 2020
Walmart partners with Microsoft to bid for TikTok US
Global retailer Walmart has said it will partner with technology major Microsoft to bid for US business of TikTok. China-based internet firm ByteDance owns the short video-sharing platform, which has…
24 Aug 2020
UK retail July sales better than figures from before Covid-19
Office for National Statistics (ONS) figures have revealed that July UK retail sales increased by 3.6% compared with last month and are 3.0% above pre-pandemic levels from February 2020. Household…