LONDON, Oct 31 (Reuters) - Asda, Britain's third biggest supermarket group, said on Tuesday it has completed the acquisition of the majority of EG Group’s UK & Ireland business for an enterprise value of 2.07 billion pounds ($2.52 billion). EG Group, a petrol forecourt operator and retailer, and Asda are both owned by brothers Zuber... Continue Reading →

Private equity investor Aurelius Group is in talks to buy beauty products chain The Body Shop. The private equity firm that owns Lloyds Pharmacy is in talks to buy The Body Shop, according to reports.  Aurelius Group is in negotiations to buy the British beauty products chain, which was put up for sale by its Brazilian owner,... Continue Reading →

M&S is expanding the presence of its Jaeger brand by introducing it to an additional 20 stores across the UK. The retail giant acquired the luxury fashion brand back in 2021 following its collapse and it has since played a pivotal role in the retail stalwart’s campaign to revive its fashion sales. This is Money reports that Jaeger products, which... Continue Reading →

The online retailer is examining whether to dispose of what was one of the British high street's best-known fashion brands as part of its turnaround plan, Sky News learns. ASOS, the London-listed online fashion retailer, is exploring a sale of the Topshop brand it bought from the wreckage of Sir Philip Green's collapsed retail empire... Continue Reading →

Jason Tarry Tesco has hired former Aldi boss Matthew Barnes as its new UK chief executive as Jason Tarry steps down from the business after 33 years. Tarry, who has spent the last six years at the supermarket’s helm, will leave the grocer in March 2024. He is credited with leading Tesco through its turnaround... Continue Reading →

LONDON, Oct 26 (Reuters) - Britain's largest retailer Tesco (TSCO.L) said on Thursday its UK Chief Executive Jason Tarry would step down in March next year after more than 33 years at the company, to be replaced by Matthew Barnes. Barnes was previously UK and Ireland CEO at German discounter Aldi, before becoming the co-head of parent... Continue Reading →

A shelf of wellness products at Ulta. The beauty retailer is expanding "The Wellness Shop" spaces to more stores across the U.S. Courtesy of Ulta Beauty The beauty retailer, which is also expanding its assortment and emphasizing a “spa-like” atmosphere, is poised to do well at the holidays, analysts said. Dive Brief: Ulta Beauty this week... Continue Reading →

Mia by Tanishq, a fine jewellery brand from the Tata Group, recently opened its first international store in Dubai, United Arab Emirates (UAE), adding to its footprint of 120+ stores across India. The centrally located flagship boutique at BurJuman will house a stunning collection of trendy, popular and contemporary designs uniquely crafted in gold, diamond... Continue Reading →

Photograph: William Barton / Shutterstock.com The footwear chain is pulling the shutters down on several outlets over the coming months From new openings by favourite brands like Aldi and Asda to store closures by Wilko, Next and Boots, recent months have seen massive movements in the UK retail industry. To add to the pile of brand store closures this year, another high street stronghold has announced a... Continue Reading →

On is set to open its second UK store next week in London’s Spitalfields almost one year after it unveiled its first. The 310sq m outlet, located at 37 Bushfield Street, will offer the running retailer’s range of footwear, apparel and accessories. Opening on November 3, the shop will also serve as a hub for community activities... Continue Reading →

De Beers Group has hired Sandrine Conseiller as the chief executive of De Beers Brands. In her new position, she will oversee the development of De…  FASHION RETAIL NEWS UK De Beers Group has hired Sandrine Conseiller as the chief executive of De Beers Brands. In her new position, she will oversee the development of... Continue Reading →

Sephora has confirmed that its second physical store in the UK will open on November 15 in London’s Westfield Stratford City. The new outlet will stock products and personal services from over 125 brands across fragrance, haircare, makeup, skincare and wellness. This includes several new and exclusive brands, including Adwoa Beauty, Relevant, STRAAND, Salt &... Continue Reading →

Oct 19 (Reuters) - British homewares retailer Dunelm Group (DNLM.L) on Thursday said its first-quarter sales rose 9% as customers spruced up their homes with new curtains, bedding and home decorations despite a cost-of-living crisis. Major British retailers have benefited from robust consumer spending despite high inflation and rising borrowing costs, with companies like Dunelm keeping prices... Continue Reading →

Walgreens Boots Alliance (WBA) has suffered a loss of $3.1 billion this fiscal year, despite a “strong” last quarter for Boots UK, it has revealed. Boots’ parent company WBA yesterday (October 12) reported the results for the fourth quarter of its financial year, representing the three months to August 31.  It revealed that the company withstood... Continue Reading →

Billionaire Mike Ashley’s Frasers Group has further increased its stake in online fast fashion retailer Boohoo Group. The move sees Frasers’ ownership in Boohoo rise from 13.4 per cent to 15.1 per cent. This development follows a series of strategic investments made by Frasers Group, the parent company of Sports Direct, Flannels, and House of... Continue Reading →

Ted Baker owner Authentic Brands has stepped in after the company it appointed to run its UK operations has struggled to raise financing. Last year, the group paid £ 211 million for the fashion retailer’s name and intellectual property, and it has outsourced its global operations to more than 20 other companies. According to The... Continue Reading →

There will be dining, live events and even a Squid Game obstacle course. Unsplash/Venti Views Netflix used to make its money on physical media, mailing DVDs to customers, and it looks like the company’s trending toward the analog once again. The streaming giant has, strangely, decided to open a number of brick-and-mortar retail locations, called... Continue Reading →

Ikea UK sales have jumped 11.9% to £2.46bn in its 2023 financial year, boosted by more customers shopping for the home amid the ongoing cost-of-living crisis. Tolga Öncü, retail manager at Ikea operator Ingka Group told Retail Gazette that shoppers were purchasing more practical homeware products. “Storage across the home has been really a high... Continue Reading →

TOKYO, Oct 12 (Reuters) - Fast Retailing Co (9983.T), owner of clothing brand Uniqlo, forecast 18% growth in annual profit on Thursday, as it plans to expand in key markets including China, anticipating that the rising cost of living will make shoppers more price conscious. Fast Retailing, known for its fleece jackets and inexpensive basics,... Continue Reading →

Selfridges Retail Limited has revealed a marked improvement in its financials, indicating a narrowing of losses and a surge in sales, according to the company’s latest filings for the year ending January. The retail giant, which operates four stores in the UK along with an online platform, reported a substantial 29 per cent increase in... Continue Reading →

Image Courtesy: https://lovesugarscience.com/ River Island, the clothes retailer, had profits fall by 90 per cent in 2022, and with headwinds still plaguing the industry, the owners will be hopeful that the return of chief executive officer Richard Bradbury will aid in the company’s recovery this year. Operating earnings fell from £ 73.5 million in 2021... Continue Reading →

FTSE 100 fashion chain has been buying up rivals since pandemic and could reach deal by end of week The clothing brand FatFace is poised to become the latest high street fashion retailer to be taken over by Next, in a deal thought to be worth more than £100m. FatFace, which sells clothes, footwear and accessories,... Continue Reading →

As ecommerce growth returns to pre-pandemic levels, it will continue to drive total retail sales over the next few years. Retailers looking to drive sales need to focus on a seamless omnichannel experience and use deals to convince consumers to spend. Meanwhile, retail media’s growth shows no signs of slowing, but advertisers and retailers must... Continue Reading →

<img src="https://s.yimg.com/ny/api/res/1.2/sppKXNL16ierWfdqTnfC1A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/news_shopper_960/fd4a5bbd274fcb391f9b936c78aff63c&quot; alt="Boots have already closed 10 stores across the UK in recent months including in London and Greater Manchester. <i>(Image: PA)Boots have already closed 10 stores across the UK in recent months including in London and Greater Manchester. (Image: PA) Boots are set to close another five stores by the end of October as part... Continue Reading →

JOHANNESBURG, Oct 2 (Reuters) - South African grocery retailer Pick n Pay's (PIKJ.J)shares tumbled almost 15% on Monday after its CEO stepped down and the company said it would post an interim loss. The exit of its CEO Pieter Boone comes as the retailer has been struggling to retain market share that it lost to bigger... Continue Reading →

Photograph: Roger Utting / Shutterstock.com The beloved clothing giant is shutting several ‘mainline stores’ For years, high-street fashion store Next has been a British stronghold for affordable children’s fashion, printed blouses and massive sales that last almost all year round. Since the pandemic, it has successfully pivoted its business online, even becoming the UK’s biggest internet... Continue Reading →

Reliance Retail and UK's Superdry announces JV UK's struggling fashion retailer Superdry has announced a joint venture with Mukesh Ambani's Reliance Retail. Superdry will sell its intellectual property assets to Reliance Retail for $48.27 million, Reuters news agency reported. With this deal, Superdry and Reliance Retail, whose more than 18,000 stores, will own 24% and... Continue Reading →

LONDON, Oct 2 (Reuters) - Sharon White, the chair of struggling British retailer the John Lewis Partnership, will step down early in 2025, having decided not to seek a second term of office, the company said on Monday, weeks after it warned its turnaround plan would need more time. White warned last month that her... Continue Reading →

A rendering of a new flagshp Toys R Us storefront. The company's owner, WHP Global, said this week that it plans to open up to 24 new stores in the U.S. next year while maintaining its store in store partnership with Macy's. Permission granted by WHP Global Parent company WHP Global announced a partnership with Go... Continue Reading →

Boots is one of many retailers closing high street stores this year (Image: Peter Harbour) The high street retailer and chemist has revealed that 300 shops nationwide will be closing in the latest blow for our high streets Two North East Boots stores will be closing their doors for good after the high street favourite announced... Continue Reading →