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Supermarkets
Asda owners eye potential £13bn EG Group merger
Asda owners Mohsin and Zuber Issa are reportedly considering merging the company with the EG Group ahead of EG’s £7bn…
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Economy
December retail sales fall 1% despite Christmas boost
Retail sales volumes fell by 1% in December 2022 after a 0.5% fall in November 2022, according to data from…
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Clothing & Shoes
Dr Martens warns on profits amid US disruption
Dr Martens has warned that its profits and revenues could drop after it faced “significant operational issues” at its new…
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Clothing & Shoes
Burberry sales rise 1% amid Chinese ‘covid disruption’
British retailer Burberry has announced that its like for like sales only grew 1% for the 13 weeks ended 31…
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Online & Digital
Ocado reveals Q4 revenues of £550m
Online retailer Ocado has announced revenues of £550m for 13 weeks ended 27 November 2022, an increase of 0.3% compared…
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Department Stores
M&S announces £480m store investment plan
Marks and Spencer has announced a £480m plan to invest in 20 “bigger and better” stores over the next two…
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People Moves
Card Factory appoints new CFO
Card Factory has announced the appointment of Matthias Seeger as its new chief financial officer. He is expected to take…
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Supermarkets
Strong Christmas boosts Tesco’s Q3 sales to £19.7bn
Tesco has announced revenues of £19.7bn, a 6.1% increase, in the UK and ROI for the 19 weeks ended 7…
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DIY
Topps Tiles hails strong Q1 trading
Topps Tiles has reported a “strong Q1” with group sales up 10.2% year on year for the 13-weeks ended 31…
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Electrical
AO raises profit outlook despite 17% drop in Q3 revenues
Electronics retailer AO has raised its profit expectations for FY23 despite seeing a 17.2% decrease in revenues across its UK…
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