Lidl raises employee pay to surpass competitors
Lidl supermarket has announced its third pay rate increase in the last 12 months, impacting all 24,500 of its hourly-paid …
Hobbycraft set to open a new store in Canterbury, UK
Craft retailer Hobbycraft has officially announced its plans to open a new store at Riverside Retail Park, Canterbury. The company, …
Why are retail investors flocking to gilts?
In a new report, investment platform AJ Bell has revealed a significant surge in UK retail investors showing a growing …
CBI survey shows drop in UK sales during May
Sales volumes in the UK have dropped slightly this month after growing in April, according to the latest monthly Distributive …
Costco records sales growth of 1.9% in Q3 FY23
US-based retail company Costco Wholesale has reported total net sales of $52.6bn in the third quarter (Q3) of fiscal year …
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Authentic Brands Group closes purchase of Vince’s intellectual property
Brand management company Authentic Brands Group (Authentic) has concluded the purchase of the intellectual property of the Vince brand for …
UK retail sales rebound in April, topping expectations
British retail sales experienced a significant rebound in April, surpassing economists' expectations, as the impact of bad weather on spending …
Dollar Tree posts a net income of $299m in the first quarter 2023
US-based discount variety store Dollar Tree has reported a gross profit of $2.23bn in the first quarter (Q1) of fiscal …
Gap reports a decline in net sales by 6% in Q1 of FY23
Clothing retail company Gap has generated $3.28bn in net sales in the first quarter (Q1) of fiscal year (FY) 2023, …
US Retailers gear up to restock, boosting shipping prospects
Inventories at major US retailers such as Target and Walmart have significantly decreased, signalling their readiness to replenish their stock …
Returns strain retailers’ profits amid inflation
As inflation continues to affect shoppers' spending habits, online retailers are grappling with a significant profit drain caused by high …
Target removes Pride Month products, for safety
Minneapolis-based retailer, Target, announced on Tuesday that it would be removing certain products related to Pride Month from its stores, …
Exclusive discounts and rewards in loyalty schemes appeal to consumers seeking value
Rising inflation in the UK has significantly impacted shoppers across all socioeconomic strata, leading to many switching to different retailers …
M&S posts 10% sales growth in fiscal year 2022/23
UK-based multinational retailer Marks & Spencer (M&S) has recorded £11.98bn in sales in fiscal year (FY) 2022/23, an increase of …
Surge in wealthy individuals drives expansion for luxury retailers
A study released by communication technology company Communications Specialist shows that the rising number of high net-worth individuals and mass …