Retail industry

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...

Markets

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...