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Retail

BUSINESS

Next hikes profit outlook after hot weather boosted summer sales

Digital Desk -
Fashion chain Next has upped its annual profit outlook after seeing full-price sales lift 5 per cent in the past three months as the...
WORLD NEWS

Alibaba hit with anti-monopoly probe as China steps up pressure on retail giant

Digital Desk -
Chinese regulators have announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over the country’s fast-growing tech...
BUSINESS

J.Crew files for bankruptcy protection as pandemic chokes US retail

Digital Desk -
The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the coronavirus pandemic forced the closure of...
BUSINESS

Next boosts forecasts after bumper Christmas sales beat expectations

Digital Desk -
Retailer Next has increased its profit forecast for the past year after posting higher sales than predicted in last two months of 2019. The high...
BUSINESS

Sainsbury’s reveals store overhaul as it warns over half-year profits

Digital Desk -
Sainsbury’s has said it will close up to 125 Argos stores and supermarkets but open even more amid an overhaul to slash costs. The group said...
BUSINESS

Ted Baker dumps Debenhams for Next in childrenswear collaboration

Digital Desk -
Ted Baker has dumped Debenhams for high street rival Next as its fashion partner for selling its children’s range of clothing and accessories. Bosses at...
BUSINESS

Tesco sales slow down in ‘subdued’ UK market

Digital Desk -
Supermarket giant Tesco has seen UK sales growth slow in its first quarter as it blamed weak consumer confidence and volatile weather. The group reported UK...
BUSINESS

Asda-Sainsbury’s deal block could lead to stock market float

Digital Desk -
Walmart, US owner of Asda, has said it is “seriously considering” a stock market flotation for the UK supermarket after the chain’s deal to...
WORLD NEWS

Sports Direct to close UK-based warehouse with 300 jobs set to go

Digital Desk -
Sports Direct is to close its warehouse in Wigan, resulting in the likely loss of 300 jobs. The closure is understood to be linked to...
BUSINESS

UK market closes at all-time high

Digital Desk -
The London market has closed at an all-time high after the traditional Santa rally boosted blue-chip stocks in the first trading session since the...
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