Boohoo Group issued a trading update on Wednesday that may have been short but it was fairly sweet with the three months up to May 31 showing continued “strong growth across all brands in all regions.”
Sports Direct boss Mike Ashley had threatened legal action over the Debenhams plc administration through which he lost his entire stake in the company, and now Debenhams has confirmed that the legal action is happening.
John Lewis Partnership sales dipped ever so slightly in the seven days up to June 8, with a 0.5% fall to £214.72 million. But the biggest drain on the performance was the Waitrose supermarkets, where sales fell 3%.
Arcadia may have sweetened the terns of its CVA to win landlord support at a series of votes due on Wednesday afternoon, but one major landlord, mall owner Intu, is set to vote against the plan, a report said on Tuesday.
Hudson’s Bay Co Executive Chairman Richard Baker said on Monday he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a $1.3 billion cash deal.
It may come as something of a surprise but it seems that most consumers welcome Asos’s controversial new returns policy with 76% of shoppers (including serial returners) in favour of it, new research from Whistl shows.
Debenhams chairman Terry Duddy was bullish on the chances of the chain’s recovery being a success in an interview at the weekend with the recently-appointed exec also saying that some stores may be downsized.
Not one piece of news that has come out about UK retail in relation to its performance during May has been encouraging. And on Monday, another release added to the gloom as Springboard issued its latest footfall report.
Marchers celebrating LGBT Pride can buy rainbow Mickey Mouse ears and wear festive jock straps as companies pile into the party with new products, raising fears they are exploiting sexual preference for profit.
Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final version of the bloc's communique showed.