Retail industry
Next and group of investment firms buy JoJo Maman Bébé
The baby clothing and maternity wear retailer JoJo Maman Bébé – whose high-profile customers include the Duchess of Cambridge – has been snapped...
Tesco profits double but supermarket warns of impact of soaring inflation
Tesco doubled pre-tax profits to more than £2bn last year but has warned on profits for this year as it faces a battle...
Sainsbury’s toasts £60m more profits as champagne sales soar
Sainsbury’s is to make £60m more in annual profits than predicted after enjoying better than expected food and drink sales over Christmas as shoppers bought...
Ocado promises ‘best ever Christmas’ with M&S as deliveries boom
Ocado has promised the “best ever Christmas” is ahead for its food retail joint venture with Marks & Spencer thanks to booming demand for online...
Convenience shop chain McColl’s gives profit warning amid supply problems
The convenience shop chain McColl’s has warned that annual profits will be as much as £7m lower than expected as it struggles to...
John Lewis pulls controversial advert for being ‘potentially misleading’
It was attacked as everything from a crass cultural lecture to a treatise on sexism. John Lewis’s latest home insurance ad, in which...
JD Group boss defends bonus despite retailer accepting Covid support
The boss of the retailer JD Group has defended receiving a multimillion-pound bonus during the coronavirus pandemic, at the same time as it accepted more...
New Asda owners snap up fast food chain Leon
The billionaire brothers behind the petrol station business EG Group have snapped up the fast food chain Leon Restaurants for £100m, just months...
Retail entrepreneur Philip Day backs deal to keep Peacocks afloat
Multimillioniare Philip Day has backed a deal to keep his Peacocks fashion chain afloat – saving 2,000 jobs and just under half of the chain’s...
Boohoo sales spiked in run-up to Christmas despite poor working practices concern
Sales at Boohoo jumped 40% in the run-up to Christmas as shoppers shrugged off the association of the online company with poor working conditions in clothing...
