UK retail spending climbed up in September
Retail spending increased in September, according to the British Retail Consortium (BRC).
The net value of retail sales between Aug. 30 and Oct. 3 was...
Tesco launches price-matching scheme amid price war
Tesco, the UK’s largest supermarket chain, is launching a price-matching scheme called Brand Guarantee that will give consumers instant price cuts on branded goods.
The...
Tesco’s half year profits more than halved
Tesco reported a big drop in profits for the first half of its financial year, despite a slight improvement in like-for-like sales.
The UK’s largest supermarket...
Supermarkets to begin charging 5p for plastic bags in the UK
Consumers across England will soon have to pay 5p per single-use carrier bag they use at major supermarket chains.
The new government scheme is part...
Nike Inc first quarter profits beat expectations
Nike reported better than expected profits for the three months to 31 August.
The sportswear giant posted profits of $1.18 billion (£775 million) in the...
Over half of British households now shop at Aldi or Lidl
The German discount retailers Aldi and Lidl have seen a surge in popularity over the past few years.
According to the latest figures, more...
Morrisons selling 140 local convenience stores for £25m
UK retail giant Morrisons announced that it is selling 140 of its M local convenience stores for approximately £25 million.
The supermarket chain said that...
Tesco just sold its Korean retail unit for £4.2 billion
Tesco has sold off its South Korean retail unit Homeplus for £4.2 billion in a move that is set to help strengthen the supermarket chain’s...
UK retail sales plunged in August
Retailers in the UK suffered a huge plunge in sales in August - the worst drop since the height of the 2008 financial crisis.
According...
Walmart to stop selling assault rifles in the US
Walmart announced that it will stop selling assault rifles at its stores in the US.
The retailer said that the decision was driven by changing...