Retail News

91% of Sports Direct shareholders re-elect Mike Ashley

Over 90% of Sports Direct’s shareholders have voted in favour of founder Mike Ashley’s re-election as a director of the…

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Co-op profits dropped by almost 50% in H1

The Co-operative Group saw profits drop by almost 50% in the six months to July, as the firm’s funerals business…

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Inditex reports record net sales and revenue in H1

Inditex Group, owners of retail chain Zara has reported record revenue and net sales for the first half of 2019.…

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Store closures hit record levels in the first half of 2019

The number of stores closing down in the first six months of the year has reached its highest levels, with…

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Sports Direct among bidders for Links of London

Sports Direct is one of two final bidders attempting to buy jewellery brand Links of London from current owner Folli…

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Unibail-Rodamco-Westfield appoints new MD for UK and Italy

Shopping centre operator Unibail-Rodamco-Westfield (URM) has appointed Scott Parsons as regional managing director for the UK and Italy. Parsons will…

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H&M battles with landlords over rents

Fashion retailer H&M is battling with landlords over rent reductions, which could potentially see property owners bear the cost of…

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Footfall drops off in late summer

Footfall continued its decline over the late summer, recording a 1.3% decline for the four week period to 24 August.…

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M&S appoints new head of menswear design

Marks and Spencer has appointed Burton head of design Karen Hall as its new head of menswear following the departure…

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Dixons Carphone sales increase despite mobile sales decline

Consumer electronics retailer Dixon Carphone has reported an increase in like-for-like sales for Q1, following “strong” performance in white goods,…

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