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People Moves
John Lewis finance director to step down
The John Lewis Partnership has announced its executive director of finance, Bérangère Michel, is stepping down from the role later…
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Health & Beauty
THG sales rise 4.5% in Q1 amid ‘standout’ beauty performance
THG has seen overall sales “continue to strengthen” in its first quarter, as group revenues rose by 4.5% to £455m,…
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Supermarkets
Asda profits soar 24% to £1.1bn amid sales boost in FY23
Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth…
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Supermarkets
Asda Lowestoft workers to stage 48-hour strike
Asda employees at Lowestoft have announced they are set to strike for 48 hours over “a litany” of workplace problems,…
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Clothing & Shoes
Shein revives interest in acquiring Topshop
Shein is reportedly amongst a “number” of retailers still interested in acquiring the Topshop brand from Asos. According to The…
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Economy
Inflation falls to lowest level since 2021
Inflation slowed to 3.2% in March, down from 3.4% the prior month, as inflation fell to its lowest annual rate…
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Supermarkets
George at Asda outperforms market amid strong fashion sales
George at Asda has welcomed “soaring” online growth and in-store fashion sales over the sector’s latest six month-period, as the…
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People Moves
Kingfisher chair to step down
Kingfisher has announced that Andrew Cosslett is set to step down as chair of the company after seven years as…
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Online & Digital
Amazon invests over £600m in robotics and AI in Europe
Amazon has invested more than €700m (£600m) in robotics and AI-powered technologies across Europe over the last five years.By the…
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Supermarkets
Tesco profits soar in FY results as inflation eases
Tesco has seen pre-tax profits soar by 159.5% to £2.3bn in its full-year results, up from £882m the prior year,…
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