Tesco reports solid first quarter sales growth
Tesco reported a 3.5% increase in UK and Irish sales in the first quarter of the year.
Group sales, which also includes Asia and eastern...
House of Fraser plans on closing 31 stores
British department store group House of Fraser plans on shutting 31 of its 59 stores as part of an effort to save the chain...
Sears announces 63 store closures after plunge in first quarter sales
Sears Holdings released a list of 63 stores that it will be closing after reporting a 31% drop in sales in the three months...
Boots owner rejects accusations it overcharged NHS for cancer mouthwash
Walgreens Boots Alliance has rejected accusations that it has been overcharging the NHS for a mouthwash used by cancer patients.
The announcement by the company...
Macy’s first quarter earnings exceeds expectations
Retail giant Macy’s posted first quarter earnings that exceeded expectations thanks to double-digit growth in digital sales as well as robust sales at its...
WH Smith apologises for hospital rip off prices
WH Smith has apologised for charging £7.99 for a tube of Colgate toothpaste at its hospital shops. Many other products, nappies, and mouthwash were...
Sainsbury’s and Asda merger puts 73 supermarkets at risk of being closed
Under the proposed Sainsbury’s and Asda merger a total of 73 supermarkets are at risk of being closed.
The Competition and Markets Authority (CMA) still...
Amazon has made a bid for a 60% stake in Flipkart, reports confirm
Amazon has made a formal offer to acquire a 60% stake in the Indian e-commerce giant Flipkart, challenging Walmart's interest in taking a 80%...
Subway closing 500 of its US stores
Subway announced that it will close 500 of its US stores as the dining chain expands internationally.
Meanwhile, the company will open about 1,000 locations...
Omnichannel seen as critical to future of high-street retail
Without an omnichannel approach that seamlessly merges physical and digital shopping, high-street retailers are losing in-store opportunities to satisfy the expectations of their customers.
Retailers...