Jaskeet Briah
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Online & Digital
Online retail growth drops 8.7% in May
Online retail sales growth declined -8.7% year-on-year in May 2022, despite being measured against a negative performance in May 2021…
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Supermarkets
Morrisons lines up £600m warehouses sale
Morrisons’ private equity owner, Clayton Dubilier and Rice (CD&R), is reportedly scouting for a buyer for its estate of warehouses,…
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DIY
The Screwfix Foundation raises £10m since launch
Kingfisher has revealed that Screwfix’s customers and colleagues have raised £10m for The Screwfix Foundation since launching in 2013, in…
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Health & Beauty
Reliance Industries and Apollo in £5bn bid for Boots
Reliance Industries has teamed up with private equity firm Apollo to make a £5.5bn binding offer for Boots, according to…
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News
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect,…
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Electrical
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration”…
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Online & Digital
Amazon seizes 3 million fake products amid counterfeit crackdown
Amazon has revealed it has identified, seized, and disposed of more than three million counterfeit products in 2021, and has…
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Clothing & Shoes
Inditex profits surge 80% to £647.7m
The Inditex Group has reported that its profits increased 80% year-on-year to €760m (£647.7m) in the period ended 1 February…
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DIY
B&M unveils new store opening in Newark
B&M has officially opened a new store in Newark, located on Northgate Retail Park. The new store boasts a range…
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High Street
May consumer spending rises 9.3%, Barclaycard reveals
Consumer card spending grew 9.3% in May compared to the same period in 2021, inflated both by the rising cost…
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