Browse all articles

Blakemore Retail, owner of the Spar convenience store chain, has bought seven My Local stores out of administration. The announcement comes a week after the Co-operative Group said that it would buy six of the stores when the store chain went into administration two weeks ago. The stores purchased by Spar are...

Women’s fashion retailer Hobbs has revealed that Mehul Tank has been appointed to the role of chief financial officer. Taking over from Simon Luscombe, who will now head up Hobbs’ omnichannel trading, Mr Tank, who has 20 years’ experience in finance and operations, starts his role instantly. Meg Lustman, Hobbs chief executive,...

McColl’s, the newsagent and convenience chain, will be acquiring 298 stores from the Co-op Group at a cost of £117 million. The deal is currently awaiting approval of both shareholders and the Competitions and Markets Authority. McColl’s will also place 10,460,732 shares to new and existing investors to raise approximately £13.1...

It has been announced that lingerie firm Victoria’s Secret has launched its new North West regional flagship store at Liverpool ONE’s South John Street, joining a host of other flagship stores such as Zara, Ted Baker, Reiss, Hugo Boss and soon The White Company. The store, covering 9,200 sq ft...

Amazon has said that its second annual Prime Day boosted year-on-year sales by 60%, with estimated figures topping £300 million, making the event bigger than Black Friday. “We want to thank our tens of millions of members around the world for making this the biggest day in the history of...

Online auction site eBay is reportedly considering setting up a physical presence in Sainsbury’s stores, building on its current presence in Argos. The deal could create 1,000 new jobs in Argos, which was recently acquired by the supermarket for £1.4 billion. A Sainsbury’s spokesman says: “In terms of what happens...

Tesco has said that it will stop selling eggs from caged hens by 2025, following a petition by a teenager which attracted 280,000 signatures. The supermarket said that the move was due to a review of its egg sourcing, which would mean a gradual shift away from caged hen eggs in...

Major retailer Marks & Spencer face some difficult questions and the accompanying “tough decisions” over the coming months, chief executive Steve Rowe announced at the company’s annual general meeting yesterday. After posting an 8.9% drop in clothing sales in the company’s first quarter, the retailer is – according to City A.M...

Department store John Lewis saw its sales rise 4.7% year-on-year last week with ongoing clearance items and warm weather products performing well. Figures show that sales increased 9.6% in fashion for menswear and womenswear, with sandals and sunglasses doing well. Other categories that performed well included a 3% growth in electricals...

After an initial takeover bid failed last month, value retailer Poundland has now agreed to a £597 million takeover deal by South African retail company Steinhoff International. Poundland accepted the 222p-a-share bid, in comparison to the undisclosed cash offer from Steinhoff last month which was rejected. The deal also comes after Steinhoff...