Decathlon continues Russian sales despite promise to end operations
Decathlon has continued to sell products in Russia despite promising to end operations in response to the invasion of Ukraine. The sporting goods retailer sold […]
Nike reveals $2bn cost savings plan as it lowers sales forecast
Nike’s share price has plunged after it unveiled plans to make $2bn worth of cost savings in the next three years and lowered its sales […]
Mixed picture over Christmas trading despite Black Friday sales boost
Retail sales volumes were estimated to have risen 1.3% in November, up from no growth in October, as Black Friday boosted sales, according to the […]
Iceland sells 1p veg to shoppers over Christmas
Iceland is set to sell a range of frozen vegetables and fresh produce for just 1p in a bid to help their customers’ budgets go […]
M&S Clothing – how the retailer revamped its fashion arm
One of the good news stories of 2023 has been the resurgence of M&S, which just last month hailed a better-than-expected 75% rise in first-half […]
Best of 2023: Is private equity ownership slowly killing retail?
The tale of Britain’s two private equity-owned supermarket buyouts took a new turn when Asda owners the Issa brothers unveiled a £2.3bn merger between the […]
Boots unveils plans to launch AI ‘personal shopper’
Boots is planning to launch a ChatGPT “personal shopper” tool for its website users in aims to boost online sales. The healthcare company is thought […]
Sosandar appoints interim chair on a permanent basis
Sosandar has named Nick Mustoe as its non-executive chairman, after he served in the role on an interim basis. Mustoe took on the role of […]
H&M sees stagnant sales in fourth quarter following warm weather
H&M Group saw stagnant sales during its fourth quarter, following “unusually hot weather”, which hampered sales of its autumn ranges. The retailer also faced slowed […]
Currys boss blasts government for minimum wage hike
Currys boss Alex Baldock has claimed the government’s minimum wage rise means it does not understand or care about UK retailers. The remarks follow Jeremy […]