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Supermarkets
Asdaโs credit rating upgraded amid strong FY results
Asda has welcomed Moodyโs upgrade of the companyโs corporate rating to B1 from B2, following a strong financial performance in…
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People Moves
John Lewis finance director to step down
The John Lewis Partnership has announced its executive director of finance, Bรฉrangรจre Michel, is stepping down from the role later…
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Health & Beauty
THG sales rise 4.5% in Q1 amid โstandoutโ beauty performance
THG has seen overall sales โcontinue to strengthenโ in its first quarter, as group revenues rose by 4.5% to ยฃ455m,…
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Supermarkets
Asda profits soar 24% to ยฃ1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to ยฃ1.078bn in FY23, largely driven by like-for-like sales growth…
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Supermarkets
Asda Lowestoft workers to stage 48-hour strike
Asda employees at Lowestoft have announced they are set to strike for 48 hours over โa litanyโ of workplace problems,…
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Clothing & Shoes
Shein revives interest in acquiring Topshop
Shein is reportedly amongst a โnumberโ of retailers still interested in acquiring the Topshop brand from Asos. According to The…
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Economy
Inflation falls to lowest level since 2021
Inflation slowed to 3.2% in March, down from 3.4% the prior month, as inflation fell to its lowest annual rate…
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Supermarkets
George at Asda outperforms market amid strong fashion sales
George at Asda has welcomed โsoaringโ online growth and in-store fashion sales over the sectorโs latest six month-period, as the…
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People Moves
Kingfisher chair to step downย
Kingfisher has announced that Andrew Cosslett is set to step down as chair of the companyย after seven years as…
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Online & Digital
Amazon invests over ยฃ600m in robotics and AI in Europe
Amazon has invested more than โฌ700m (ยฃ600m) in robotics and AI-powered technologies across Europe over the last five years.By the…
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