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Wednesday, December 2, 2020
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Retail

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

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...

Next boosts forecasts after bumper Christmas sales beat expectations

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...

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

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...

Ted Baker dumps Debenhams for Next in childrenswear collaboration

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...

Tesco sales slow down in ‘subdued’ UK market

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...

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

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...

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

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...

UK market closes at all-time high

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...

BHS buyer ‘threatened to kill chain’s chief executive’

The man who bought BHS for £1 from Sir Philip Green threatened to kill the high street chain’s chief executive, a parliamentary hearing has...

Retailers ‘felling the pinch’ from Brexit concerns

Retailers here have said they are already feeling the pinch caused by the Brexit vote in the UK. Voters will go to the polls to...

Latest news

Rapper Casanova among 18 indicted over alleged gang-related crimes

US authorities on Tuesday announced the indictment of 18 people including New York rapper Casanova in connection to alleged gang-related crimes including racketeering, murder,...

Iranian president rejects measures to suspend nuclear inspections and enrich uranium

Iran’s President Hassan Rouhani rejected a bill approved by parliament that would have suspended UN inspections and boosted uranium enrichment, saying it was “harmful”...

UN allowed humanitarian access to conflict-hit region of Ethiopia

The United Nations has signed a deal with Ethiopia’s government to allow “unimpeded” humanitarian access to the embattled Tigray region – at least the...

Joe Biden’s victory certified in two key states as Donald Trump fights on

Two battleground states, Wisconsin and Arizona, certified their presidential election results in favour of Joe Biden, even as President Donald Trump’s legal team continued...

China probe lands on moon in bid to return lunar rocks to Earth

A Chinese robot probe sent to return lunar rocks to Earth for the first time since the 1970s landed on the moon, the government...
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