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Department Stores
John Lewis Partnership appoints new CEO
The John Lewis Partnership has announced the appointment of Nish Kankiwala as its new CEO. Kankiwala has been a non-executive…
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Clothing & Shoes
H&M Q1 net sales up 12%
H&M has announced that its net sales for the period between 1 December 2022 and 28 February 2023 rose 12%…
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Economy
Retail jobs at lowest four quarter average in over a decade
The number of retail jobs in the UK was down to its lowest average four quarter level in over a…
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Clothing & Shoes
Superdry appoints advisers to help cut costs
Superdry has appointed Interpath Advisory to help it cut costs after a number of profit warnings, according to reports from…
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Supermarkets
Tesco sounds out John Allan replacements
Tesco has reportedly begun sounding out potential replacements for its long-time chairman John Allan, according to Sky News. City sources…
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Supermarkets
Morrisons posts ยฃ1.5bn loss after CD&R acquisition
Morrisons has posted losses of ยฃ1.5bn one year after being acquired by US private equity firm Clayton, Dubilier and Rice,…
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Electrical
MusicMagpie FY profits fall despite record Black Friday sales
MusicMagpie has seen its profits fall by 14% from ยฃ44m to ยฃ38m in FY22 despite record sales on the week…
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Online & Digital
In The Style offloads business for ยฃ1.2m to avoid administration
Online fashion retailer In The Style has agreed to sell the business for just ยฃ1.2m as a way to avoid…
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Features
History of Subway: how a small sandwich shop became worth $10bn
Subway is a well known sandwich shop that sells subs. It’s a staple of most British high streets and at…
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High Street
Starbucks to open 100 new stores as revenues increase 37%
Starbucks has announced plans to open 100 new stores in the UK after its revenues increased 37% to ยฃ449m for…
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