Currys has rejected a takeover approach by Waterstones owner Elliott, which it claims “significantly undervalued the company”. It emerged on Friday that the retailer received what it termed an “unsolicited, preliminary and conditional proposal” from Elliott. However, Currys said the offer “significantly undervalued the company and its future prospects” and its board unanimously rejected the approach. The... Continue Reading →

Is your local Primarni store getting a glow-up? Photograph: Konmac / Shutterstock.com Is your local Primarni store getting a glow-up? Primark is making big moves right now. While concerns over sustainability and the climate are on the up, the fast fashion chain remains a favourite among high street shoppers. So much so that it has revealed... Continue Reading →

The Body Shop at Westwood Cross The owner of The Body Shop is reportedly preparing to appoint administrators for its UK holdings. Aurelius bought The Body Shop International Limited in a £207m deal announced last November and completed at the beginning of this year. But now, as first reported by Sky, the firm is understood... Continue Reading →

British fashion retailer Primark is planning to invest more than £100m ($126.14m) in UK retail this year with new store openings lined up in England and Scotland.  Along with opening new stores, Primark will also refurbish 15 existing stores this year as part of its ongoing refit programme, with more stores to follow. Credit: Photograph... Continue Reading →

Amazon full-year profits have tripled thanks to the online giant’s “continued invention and customer experience improvements” across the business. Profit skyrocketed to £28.92bn for the year to 31 December, up from £9.56bn the year prior. Sales jumped 12% to £450.6bn, up from £402.9bn the year before. It comes as the the online retail giant celebrated... Continue Reading →

January 29, 20249:19 AM GMTUpdated 3 days ago JOHANNESBURG, Jan 29 (Reuters) - South African fashion retailer Truworths (TRUJ.J) on Monday warned that half-year profit growth had slowed after financially constrained shoppers held back from discretionary spending. Truworths said retail sales in South Africa - its biggest market - were hit by poor economic conditions and high... Continue Reading →