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Retail

  • Puregym targets up to 70 new sites this year after revenue boost

    April 23, 2024

    PureGym has said it plans to keep expanding with new gyms, targeting between 60-70 new gyms this year across its markets.

  • JD Sports picks up US retailer as stateside focus increases

    April 23, 2024

    JD Sports has proposed to buy US-based sportswear retailer Hibbett for around $1.08bn (£880m), creating a business worth £4.7bn in North America. 

  • Chocolate and discount-loving Brits drive food inflation down for 14th straight month

    April 23, 2024

    Grocery price inflation fell to 3.2 per cent over the four weeks to 14 April, marking the fourteenth monthly drop in a row, new figures by Kantar show. 

  • Primark owner ABF raises dividend as markets ‘return to normality’

    April 23, 2024

    Primark owner Associated British Food (ABF) has raised its dividend following a strong set of results in the 24 weeks to 2 March. 

  • Tipping law to come into effect this October amid fears it will pile further pressure on hospitality

    April 22, 2024

    As of October, employers will no longer be allowed to hold back service charges from their staff, amid fears the legislation could place further pressure on hospitality businesses.

  • Selfridges circled by Chinese and Middle Eastern investors

    April 22, 2024

    Selfridges is being circled by Chinese and Middle Eastern investors as the financial struggles of its Austrian co-owner Signa Holdings trigger a bidding war. 

  • Asda boasts earnings and cash flow growth as low prices and loyalty apps win over consumers

    April 22, 2024

    The firm pointed to the success of its loyalty app scheme, lower opening price points and the Just Essentials range.

  • Asda bosses warned payroll switch could cause problems, report claims

    April 21, 2024

    Asda’s bosses ploughed ahead with a transition onto a new payroll even though they were warned that doing so could risk thousands of workers being paid incorrectly, a report has claimed.

  • Banks, retailers and tech giants dominate big blue-chip results week

    April 21, 2024

    A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.

  • Unilever struggles to find buyer big enough for its ice cream empire

    April 21, 2024

    Consumer goods giant Unilever may be forced to hold on to part of its multibillion-pound ice cream operations as the business' massive size makes it difficult to offload.

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