Boxing Day footfall on UK high streets and in shopping centres dropped
The number of shop visits in the UK on Boxing Day this year was 4.5% lower up to 5pm compared to the same day...
Tesco pledges to end edible food waste from its stores in 2018
UK retailer Tesco has pledged to end edible food waste from its stores by the end of February 2018.
Leftover food will be given to...
Burberry’s Christopher Bailey sees “enormous” growth potential post-Brexit
Chief creative officer of British luxury brand Burberry, Christopher Bailey, believes that the potential for UK trade after Brexit is “enormous”.
The former CEO of...
Co-op to spray ATM thieves and stolen cash with traceable gel
The Co-op is rolling out a new scheme across the United Kingdom that sprays ATM thieves and the money they steal from the group's...
Asda reports lower profits and sales in 2016
Asda reported lower profits and sales in 2016, according to accounts filed at Companies House.
Pre-tax profits at Britain’s third biggest supermarket chain fell by...
Retail SMEs confident that they can compete with larger online rivals, survey
A new survey suggests that many retail SMEs feel optimistic about trading conditions in the U.K. and quite bullish about competing against larger online...
True Religion files for bankruptcy protection
True Religion filed for bankruptcy protection this Wednesday.
The beleaguered upscale jeans maker has experienced a sharp decline in sales since 2013 as consumers shifted...
Nike announces partnership with Amazon and Instagram
Nike announced that it is partnering with Amazon and Instagram as part of an effort to change its sales tactics as more consumers make purchases online.
Walmart is acquiring the online men’s clothing company Bonobos for $310 million
Retail giant Walmart announced that it is acquiring Bonobos, an online-only men’s clothing company, for $310 million.
The acquisition is part of the company’s plan...
Amazon to acquire Whole Foods for $13.7bn
Amazon has agreed to acquire upmarket grocer Whole Foods for $13.7bn in an all-cash transaction, making it the online retail giant’s largest acquisition ever.
The...