Browse all articles

Charles Wilson, Tesco's UK chief executive, is stepping down from his post on the company board after being diagnosed with throat cancer. Mr Wilson was formerly boss of food wholesaler Booker, but became Tesco's UK chief following the supermarket's £3.7bn takeover of Booker in March. Tesco said Mr Wilson had responded well to...

Fashion and homewares retailer Matalan has seen its first quarter revenue climb to £265.9 million from £253.4 million in the same period in the prior year. In the 13 weeks to 26 May EBITDA rose to £24.8 million from a previous £22.3 million. Jason Hargreaves, Matalan chief executive, said: “Our first quarter...

Grocery delivery firm Ocado lost £9m in the first half-year to 3 June, compared to a profit of £7.7m in the same period the previous year. "This is a transformational period for Ocado," Explained boss Tim Steiner. "We are confident that we have the ability to scale-up the business, deliver on...

Mothercare will be closing 60 stores by June 2019, instead of the 50 they predicted prior. The closures will put 900 jobs at risk, up from the 800 previously stated. Mothercare also confirmed that it would be raising another £32.5m from its existing shareholders by issuing new shares. Mothercare's chief executive, Mark Newton-Jones, told the...

VanMoof have chosen London’s Seven Dials as the location for the opening of their first UK store. The building will be based at 5-11 Shorts Gardens and will offer test rides around the Seven Dials area for the three exclusive models displayed in-store. The brand will be offering customers the chance to personalise their...

Argos have announced that they will become the first UK retailer to launch AR technology (augmented reality) enabled LEGO models through an app. Launching with Apple's iOS, the new feature will give customers the chance to view full scale, animated 3D versions of some of the retailer’s best-selling LEGO products.   Argos are aiming to...

Asos have had heaps of praise for selling clothes designed with people who have disabilities in mind. They have released a tie-dye waterproof jumpsuit for festival season, which they have adapted to be wheelchair friendly. It was designed in collaboration with GB Paralympic hopeful Chloe Ball-Hopkins, who also modelled it for the site. Chloe says...

  England will be playing in the World Cup quarter finals this weekend, some new figures have shown that the game could generate a 5% rise in grocery sales today and tomorrow. This is according to some data from Kantar Worldpanel who explained that alcohol sales are likely to rise by 25% to bring an extra...

New West End Company has urged the UK Government put a business rate reform plan in place, which it says would remove all the inequality that exists between high street and online retailers. They have called for the introduction of a revenue based tax to replace business rates for online businesses.  According to the British...

British shop prices fell less sharply in June than in May. In total prices paid by shoppers were 0.5% lower last month than in June 2017, a smaller decline than May’s 1.1% slide, the British Retail Consortium (BRC) said. Shop prices as measured by the BRC have shown deflation for 62...