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...
Whole Foods to launch millennial-friendly new chain of stores
Whole Foods plans on opening a less expensive and millennial-friendly new chain of stores as it faces increasing competition. Shares of the company plunged after posting...
Morrisons reports further drop in quarterly sales
Morrisons reported a further drop in sales in the first quarter.
The supermarket chain posted a 2.9% drop in like-for-like sales excluding fuel in the...
Tesco posts record yearly loss of £6.4 billion
Tesco posted a yearly loss of nearly £6.4 billion for 2014, one of the biggest losses ever reported by a British company and far worse than...
Primark reeling from the impact of a sliding euro
With just months before it enters the US market, fast-fashion retailer Primark is reeling from the impact of a sliding euro.
On Tuesday the retailer’s...