Footfall rises 3% in 2023 despite cost-of-living crisis
Retail footfall rose 3.3% during 2023 despite the cost-of-living crisis, rail strikes and adverse weather, according to MRI Software. However, the software company flagged this […]
Ikea to continue price cuts despite red sea disruption
Ikea will continue with its planned price cuts despite the ongoing disruption to the Red Sea shipping route pushing up costs, its chief executive confirmed […]
BrandAlley acquires majority stake in The Edit Ldn
Online retailer BrandAlley has snapped up a majority stake in limited edition sneaker resale platform The Edit Ldn. The deal comes as the online marketplace […]
Asda trials four-day week in a bid to tackle store manager revolt
Asda owners the billionaire Issa brothers are trialling a four-day week at the supermarket in a bid to crack down on a revolt among disgruntled […]
First ever strike at Asda superstore postponed ‘as show of good faith’
Staff at Asda’s Gosport superstore have pushed back their strike plans following talks between GMB Union and Asda bosses “as show of good faith”. The […]
Burberry warns on profits as luxury slowdown hits Christmas sales
Burberry lowered is profit guidance for the year after sales dropped 7% over the golden quarter. The retailer lowered its adjusted operating profit guidance for […]
Morrisons faces backlash over ‘robocop’ security cameras
Morrisons ‘RoboCop’ style security cameras trial has sparked a backlash among some shoppers who claim the new devices have left them feeling “like a criminal”. […]
Marks Electrical lowers profit outlook despite ‘record’ Christmas sales
Marks Electrical has lowered its full-year profit guidance, despite a boost in sales after profit margins failed to lift amid the challenging trading environment. Sales […]
Wiggle’s unsecured creditors owed £26.7m
The unsecured creditors of online bike retailer Wiggle have been left £26.7m out of pocket following its collapse into administration last autumn. The retailer owes […]
Mamas & Papas ramps up UK expansion plans with new concessions
Mamas & Papas is set to launch up to ten further concessions in Marks and Spencer and Next stores this year, as it pushes forward […]