The landscape of the British high street has shapeshifted over the years, with shopping and spending habits changing after the Covid pandemic and later, the cost of living crisis.  Health and beauty retailer Boots has been hit with store closures which will affect customers throughout 2024. The retailer has announced plans to drop from around... Continue Reading →

Dive Brief: Shaun Wills, CFO of U.K. retailer Superdry, will step down from his position at the company effective March 31, according to a Friday announcement, the fourth finance chief to depart from the troubled retailer in five years. The Cheltenham, England-based company appointed retail veteran Giles David, who was most recently worked at convenience store operator... Continue Reading →

Jan 27 (Reuters) - John Lewis Partnership, the owner of John Lewis and Waitrose, is considering cutting up to 11,000 staff jobs in the next five years, the Guardian reported on Saturday. A minimum of 10% of the staff-owned business's workforce could be affected across the group's head office, supermarkets and department stores, the report... Continue Reading →

Macy’s has fended off several takeover bids from activist investors and a competitor in recent years. Erik Pendzich/Shutterstock Private-equity giant Sycamore Partners is exploring a possible bid to buy Macy’s – even as the iconic retail chain this week rejected an unsolicited offer from another bidding group, The Post has learned. Sycamore — a prolific buyout... Continue Reading →

M&S has revealed that the excellent sales momentum it had been experiencing for the majority of 2023 continued in the third quarter, which covered the 13 weeks ending on 30th December. Overall, it stated that the group sales rose 7.2 per cent to £ 3.856 billion. The crucial clothing and home division that had long... Continue Reading →

Burberry has said the slowdown in demand for its luxury goods worsened in December as wealthy shoppers tightened their belts. As a result, the London-based fashion brand cut its profit projection for the year. The “slowdown in luxury demand” that has persisted following increases in the cost of living and worldwide interest rate hikes, according... Continue Reading →

Tesco and The Entertainer are extending their partnership to cover the entire grocer’s UK and the Republic of Ireland business from March. Tesco customers will be able to buy The Entertainer’s range of brands including Barbie, Nerf and LOL as well as their exclusive ranges Addo brand and Early Learning Centre in stores across the UK and... Continue Reading →

LONDON, Jan 4 (Reuters) - British clothing retailer Next (NXT.L) on Thursday raised its profit forecast for the year to end-January 2024 for the fifth time in eight months as it reported a better-than-expected rise in Christmas sales, sending its shares to an all-time high. The group, which trades from about 460 stores in the UK and... Continue Reading →