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M&A
Next pulls out of Arcadia race
Next has allegedly withdrawn from the race to acquire Arcadia Group, after the store was unable to meet the price…
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High Street
Pets at Home see sales soar to ยฃ302m
Pets at Home has reported total revenue growth of 18.% to ยฃ302m in the 12 weeks to 2 January.ย The…
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High Street
WH Smith trading โbetter than anticipatedโ
WH Smith has posted its trading update for the 16 weeks to January, with the company reporting a โbetter than…
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Supermarkets
Aldi increases minimum wage to ยฃ9.55
Aldi has announced it is increasing its minimum hourly rate to ยฃ9.55 an hour nationwide, exceeding the Living Wage Foundationโs…
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High Street
Next in the lead for Arcadia Group
High street retailer Next is allegedly the lead bidder in the race to buy Arcadia Group out of administration, The…
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Economy
UK GDP shrinks by 2.6%
GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal.ย Figures released…
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Coronavirus
Scotland bans click and collect on non-essential retail
Stores in Scotland will no longer be able to provide click and collect services for non-essential retail, as the government…
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Supermarkets
Tesco reports record breaking Christmas
Tesco has reported the results of its โrecord Christmasโ, however warned that it still expects to take a ยฃ810m hit…
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Online & Digital
Asos sees UK sales soar by 36%
Asos has revealed that revenue growth for the four months ending in 2020 has โsurpassed expectationsโ, with the store now…
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High Street
British retailers suffer worst year on record, BRC reveals
British retailers suffered one of the worst years on record for sales growth, a new study by KPMG and BRC…
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