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Economy
UK quarterly GDP beats expectations despite slowdown
UK GDP grew 0.3% in the three months to June, behind the 0.7% it grew in the first quarter, as…
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Economy
Number of retail job vacancies lower than pre-pandemic, ONS finds
The number of job vacancies in the wholesale and retail trade; repair of motor vehicles and motor cycles category fell…
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Economy
Retail sales up 2.5% in July despite job losses and store closures
Retail sales in the UK rose 2.5% in the four weeks ended 2 August against a growth of 0.5% in…
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Supermarkets
Asda nears £1bn IT upgrade completion
Asda is reportedly nearing completion of its £1bn IT upgrade, six months later than originally planned, according to reports from…
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Health & Beauty
Revolution Beauty rejects PE bid amid ongoing sales process
Revolution Beauty has reportedly turned down a bid from specialist private equity firm True, according to reports from Reuters. The…
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Economy
Luxury loses momentum as midmarket braces for impact, Colliers finds
Luxury and midmarket retailers across EMEA are recalibrating strategies in response to a cooling post-pandemic retail environment, according to a…
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Clothing & Shoes
Adanola secures investment from American PE firm
Womenswear brand Adanola has announced it has received minority investment from LA-based private equity firm Story3 Capital Partners, which values…
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Clothing & Shoes
Zalando ups guidance as Q2 EBIT rises 8% to €186m
Zalando has upped its guidance after it revealed its EBIT rose to €186m (£162m), up from €172m (£150m), in the…
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Supermarkets
Morrisons profits hit £2.1bn after trimming 3,600 roles last year
Morrisons has revealed that it cut 3,600 jobs as it returned to profit for the first time since its private…
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Online & Digital
Amazon promises quieter deliveries with new drone trial
Amazon has told Darlington Council that its drones will make less noise than delivery vans as it looks to gain…
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