Asda raises price it pays for milk to help dairy farmers
Asda announced that it will increase how much it pays its milk suppliers to “a level that will assist" farmers.
The supermarket chain said that...
Carphone Warehouse data breach may affect millions of customers
Up to 2.4 million Carphone Warehouse online customers may have had their personal details accessed by hackers in what’s considered to be one of...
UK’s “big four” supermarkets all post drop in sales
All of the UK’s “big four” supermarket chains posted a drop in sales over the last 12 weeks.
Asda posted the biggest loss and lost...
Pending US home sales rose 0.9 percent in May
The US real estate market is showing strong signs of recovery after a rough start to the year.
Pending home sales (a measure of signed contracts to purchase...
Whole Foods accused of overcharging consumers
Whole Foods, one of America’s largest supermarket chains specializing in organic food, has been accused of overcharging its customers due to large-scale mislabeling of...
Ikea increasing minimum wage to $10 per hour
Ikea is increasing the minimum wage of its workers next year to $10 per hour.
The company announced the news on Wednesday. It said that...
John Lewis is now the UK’s largest worker-owned company
John Lewis has over 93,800 members and generated full year sales of £10.9bn. Co-op on the other hand, which has 8.4 million members, posted...
Amazon to pay more tax in the UK
The online retail giant Amazon is going to start paying more tax in the UK following accusations that it avoided tax in its third...
New Look acquired by Christo Wiese’s Brait investment firm for £780m
New Look, a British global fashion retailer with a chain of high street stores, has been acquired by South African billionaire Christo Wiese through...
Nordstrom first quarter profit misses estimates, same-store sales up
Nordstrom posted first quarter net income of $128 million, or $0.66 per share, down from $140 million, or $0.72 per share, in the first...