Browsing: retail sector News
In a notable transaction, TDR Capital is set to become the majority owner of Asda by acquiring 22.5% shares from co-owner Zuber Issa. This move will…
Superdry’s chief commercial officer, Craig McGregor, will soon step down amid the company’s restructuring efforts. His departure occurs as Superdry navigates complex corporate changes.Originally joining as…
In a significant development for UK fashion retail, M&G, the owner of Superdry’s flagship store on Oxford Street, has decided to withdraw its legal challenge against…
UK retailers face significant challenges as footfall declines by 3.6% year-on-year in May.Shopping centres lead the decline with a 4.5% drop in footfall, impacting overall retail…
Ted Baker, the renowned fashion retailer, is embroiled in a legal tussle involving its largest lender, Secure Trust Bank, and the appointed administrators, Teneo. The dispute…
Morrisons anticipates operational interruptions as around 1,000 of its warehouse staff initiate a three-day strike. This industrial action stems from a dispute over adjustments to pension…
Asda, a major player in the UK retail sector, finds itself at the centre of parliamentary scrutiny owing to concerns over its ability to support consumers…
Some Aldi stores in the UK have introduced measures where checkout staff inspect shopping bags to counter rising shoplifting concerns. This initiative emerges amid increasing theft…
Asda, one of the UK’s largest supermarket chains, might soon confront financial repercussions due to a landmark equal pay case. Recent revelations indicate a significant pay…
The British retail giant Next has successfully acquired Cath Kidston, a lifestyle brand known for its vintage-inspired floral designs. This strategic move marks yet another addition…
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