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News
Asda donates £1m to Ukraine and axes Russian products from shelf
Asda and its charity, the Asda Foundation, has announced it is providing immediate support for displaced Ukrainian families in Europe…
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News
M&S suspends shipments to Russian businesses
Marks and Spencer (M&S) has revealed it has suspended shipments to its Turkish franchisee’s Russian business. The announcement comes amid…
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DIY
IKEA pauses operations in Russia and Belarus
Ikea has announced its company groups, Inter Ikea Group and Ingka Group, have decided to temporarily pause Ikea operations in…
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Online & Digital
The Very Group announces partnership to transform ecommerce platform
The Very Group has announced plans to transform the technology behind its ecommerce platform through a new partnership with commercetools,…
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Clothing & Shoes
Victoria’s Secret lowers FY22 forecast despite 25% sales surge
Victoria’s Secret and Co. has lowered its Q1 FY22 operating income forecast to be in the range of $80m (£59.78m)…
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Economy
Retail is the UK’s fastest growing sector, Companies House data reveals
A total of 119,948 new retail businesses were founded in 2021, with 46,972 of the businesses comprising online e-commerce start-ups…
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Supermarkets
Sainsbury’s to axe 200 cafes amid new eat-in offering
Sainsbury’s has announced plans to close 200 of its cafes in the spring this year amid new plans to transform…
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Clothing & Shoes
Asos extends partnership with Microsoft
Asos has signed a new cloud agreement with Microsoft that will see the business continue to use the Microsoft Cloud…
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DIY
Travis Perkins profits spike 175%
Travis Perkins plc has revealed its adjusted operating profits surged 175.8% for the year ending 31 December 2021 (FY21), rising…
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Supermarkets
McColl’s confirms talks with banks as it fights insolvency
McColl’s Retail Group plc is reportedly trying to secure new funding to prevent its collapse, with millions of pounds of…
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