Browse all articles

Tesco has confirmed in a statement that 9,000 jobs will be at risk due to proposed changes to how it operates. The statement also said that the retailer hopes to redeploy half of the affected staff in other customer facing roles. Part of the changes will include closing fresh food counters in...

Several retailers have warned that a no deal Brexit carries the risk of leaving shelves empty and could lead to higher prices. The warning comes in a letter from the British Retail Consortium and is signed by retailers including Sainsbury’s, Asda and McDonalds. The letter comes ahead of the crucial votes in...

Marks & Spencer and Ocado are in talks to launch a food delivery service, signalling the end of Ocado’s long standing partnership with Waitrose. Waitrose and Ocado have been partnered for 20 years, with the current supply deal expiring in September 2020. A deal with M&S will likely see the end of...

New Look could be forced to put itself up for sale in order to complete the refinancing process that it announced last week. According to a corporate note seen by The Guardian, New Look said in order to finalise the refinancing it “may be required to launch a sale process for...

Plans have begun for a £300 million project to introduce 30,000 square feet of retail space around London’s Oxford Street. Daejan Investments has just been given planning approval for the development.  It will cover 127-143 Oxford Street as well as part of Berwick and Wardour streets, according to Property Week. The development...

Bonmarché has seen its like-for-like sales decline by 7.8% in its third quarter of trading.  These sales did however remain in line with the revised guidelines it gave on December 13th. In the 13 weeks to December 29th, online like-for-like sales climbed by 22.2%.  In store like-for-like sales were down by...

Swarovski is set to open a new store at Peterborough’s Queensgate shopping centre. The store is due to launch in the spring.  The 800 square foot store will feature the brands range of crystal jewellery alongside a range of genuine gemstones and accessories. The Queensgate shopping centre has also announced plans for...

Adidas is set to more than double the production of shoes made out of recycled plastic waste this year. The company plans to up its range in collaboration with Parley for the Oceans from five million in 2018 to 11 million this year. Parley for the Oceans collects waste form beaches and...

Patisserie Valerie has collapsed into administration after the fall through of rescue talks with banks. Administrators KPMG will close 70 outlets immediately. The remaining 121 will continue to trade with the hopes of finding a buyer. According to the BBC, up to 900 of the 3,000 staff will face redundancy. In October, the...

Footlocker has made a $2 million investment into Pensole Inc. which operates Pensole Footwear Design Academy. The two companies will collaborate on new educational programs as well as the design and manufacturing of exclusive products for Footlocker. Pensole was founded by former Jordan design director D’Wayne Edwards to bring new designers into...