Month: May 2018
-
May- 2018 -25 MayDIY
Homebase sold for £1 putting 11,000 jobs at risk
Australian retail group Wesfarmers has sold Homebase to HMV owner Hilco Capital for a token £1. Hilco specialises in restructuring…
Read More » -
25 MayHigh Street
April retail sales see recovery
Retail sales saw an unexpected boost in the month of April as consumers returned to the high street following the…
Read More » -
24 MayHigh Street
Poundworld to close 117 stores by 31 August
Poundworld is looking to close 117 of its 355 UK stores by 31 August as part of its CVA proposal,…
Read More » -
24 MayDIY
B&Q owner Kingfisher reports poor Q1 sales
DIY retailer B&Q has reported a 9% drop in like-for-like sales for the three months to April 30 2018. According…
Read More » -
24 MayClothing & Shoes
Philip Green’s Arcadia records £10.9m loss
Topshop owner Arcadia Group – Philip Green’s retail empire – has recorded a loss of £10.9m in the year up…
Read More » -
24 MayComment
Reinforce the mobile-first consumer mindset
A Q1 Global Commerce Review, which reveals a rapid increase in the use of smartphones for retail purchases in the…
Read More » -
24 MayHigh Street
Shoe Zone’s profit more than triples in latest results
Shoe Zone has announced that its profits have more than tripled in its financial results for six months to 31…
Read More » -
24 MaySupermarkets
Tesco to remove ‘best before’ dates to cut down on food waste
Supermarket giant Tesco is to remove ‘best before’ consumption guidance dates from around 70 fruit and vegetable lines to help…
Read More » -
23 MayOnline & Digital
500 Tesco jobs face the axe amid online ‘refocusing’
Tesco has announced plans to close its Tesco Direct website putting 500 jobs at risk. Tesco Direct’s headquarters and Milton…
Read More » -
23 MayClothing & Shoes
Primark set to overtake Marks and Spencer market share
Primark is set to overtake M&S to become the UK’s largest clothing retailer by market share, according to new data.…
Read More »