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Industry News
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16 September 2019
Retail sales fall leads to more than 7,000 US store closures
More than 7,000 US stores closed in the first half of 2019, according to new research from accounting and consulting firm BDO.
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16 September 2019
Aldi to double UK store numbers over next two years
German supermarket chain Aldi has announced plans to double its UK store portfolio over the next two years.
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13 September 2019
M&S and Infarm partner on in-store urban farm-fresh produce range
Marks & Spencer (M&S) Food has announced it has partnered with advanced urban farming company Infarm to bring an in-store urban farm-fresh produce range to a select number of M&S...
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5 September 2019
Asda workers protest across UK over controversial contract
UK Asda workers are staging protests today over the imposition of Contract 6, which offers an increase in their base rate of £9 an hour but forces them to work...
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4 September 2019
Marks and Spencer set to drop out of FTSE 100 after share price dip
UK multinational retailer Marks & Spencer could be relegated from the FTSE 100 index of Britain’s biggest listed companies today after its shares dropped by 40%.
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30 August 2019
Shoe Zone boss Nick Davis resigns with immediate effect
The UK’s largest footwear retailer Shoe Zone has announced the resignation of the group’s chief executive Nick Davis with immediate effect.
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28 August 2019
Arcadia CVA gets the nod as US landlords withdraw legal challenge
Sir Philip Green’s struggling retail business Arcadia Group has announced it will move forward with its company voluntary arrangement (CVA) restructuring plans after a legal challenge was withdrawn by US...
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23 August 2019
Morrisons to close four stores risking 400 jobs
UK supermarket chain Morrisons has announced it is to close four stores, putting 400 jobs at risk. The supermarkets set to close are located in Crawley, Ince near Wigan, Shirley...
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23 August 2019
British retailers expect business conditions to worsen: CBI report
British retailers are expecting business conditions to worsen in the coming months, according to a quarterly survey released by the Confederation of British Industry (CBI).
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22 August 2019
Laura Ashley’s poor performance in home brands results in £14.3m loss
British textile design company Laura Ashley has seen total group sales drop by 9.6% and recorded a statutory loss before tax of £14.3m in its full-year results ending 30 June...