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M&A
JD Sports completes £360m DTLR deal
JD Sports has formally completed the acquisition of US sportswear brand DTLR for $495m (£360m). According to the group, the…
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High Street
New Look faces court battle with landlords over CVA terms
New Look has reportedly entered a High Court battle with four landlords – including British Land and Land Securities –…
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Shopping Centres
SGS reveals host of new lease deals
SGS, the property company that manages four UK retail and leisure destinations – Lakeside, Atria Watford, Braehead and Victoria Centre…
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Coronavirus Featured Content
Covid-19 forced over 17,500 chain stores to close in 2020
More than 17,500 chain stores were forced to close last year across the UK, as Covid-19 has created one of…
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Economy
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the…
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Supermarkets
Morrisons remains ‘confident’ despite 62% fall in profits
Morrisons has said it expects to see profits recover this financial year, after it experienced a 62% decrease in pre-tax…
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Sport & Leisure
Adidas reports strong finish to 2020 but warns of Reebok sales hit
Adidas has reported a “strong finish” to 2020, however warned that its profits may be impacted by its decision to…
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High Street
Shoe Zone swings to £14.6m pre-tax loss
Shoe Zone has posted a loss-before-tax of £14.6m for the 52 weeks to October 2020, following a loss of trade…
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Online & Digital
MPs call on Boohoo to link bonuses to workers’ rights
Boohoo’s chairman, Mahmud Kamani has once again been called on by MPs to improve working conditions for its employees and…
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Supermarkets
Sainsbury’s restructuring plan places 1,150 jobs at risk
Sainsbury’s has begun a restructuring process that will see 500 head office roles cut and a further 650 jobs placed…
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