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People Moves
Swarovski appoints first non-family CEO
Swarovski has named Alexis Nasard as the company’s first external chief executive officer (CEO), effective on 4 July. This marks…
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People Moves
Asda unveils leadership reshuffle
Asda has unveiled confirmed changes to its leadership team as Meg Farren, chief customer officer, is set to leave the…
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News
Walmart to recruit UK sellers to US online marketplace
Walmart has begun a push to bring UK exporters to its flagship US Walmart Marketplace in a move to embrace…
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Economy
UK unemployment rate hits almost 50-year low
The UK unemployment rate is close to a 50-year low point, having dropped by 0.2% to 3.8% for February to…
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Online & Digital
Online retail growth drops 8.7% in May
Online retail sales growth declined -8.7% year-on-year in May 2022, despite being measured against a negative performance in May 2021…
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Supermarkets
Morrisons lines up £600m warehouses sale
Morrisons’ private equity owner, Clayton Dubilier and Rice (CD&R), is reportedly scouting for a buyer for its estate of warehouses,…
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DIY
The Screwfix Foundation raises £10m since launch
Kingfisher has revealed that Screwfix’s customers and colleagues have raised £10m for The Screwfix Foundation since launching in 2013, in…
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Health & Beauty
Reliance Industries and Apollo in £5bn bid for Boots
Reliance Industries has teamed up with private equity firm Apollo to make a £5.5bn binding offer for Boots, according to…
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News
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect,…
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Electrical
AO to close German business amid ‘deteriorating’ outlook
AO World plc (AO), the online electricals retailer, has decided to close its German business due to the “continuing deterioration”…
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