[ad_1] Yanai, now Japan’s richest man, has spoken publicly of his desire to oust Uniqlo’s remaining rivals. Crucial to his plan is expanding the business in Europe and the UK,…
Tag: Retail and Consumer industry
Supermarkets at risk of British beef and lamb shortages
[ad_1] Supermarkets are at risk of British beef and lamb shortages as hard-up farmers face a drop-off in subsidy payments. A fall in subsidies post-Brexit combined with increasing cost pressures has…
Banks accused of short-changing small businesses with poor interest rates
[ad_1] Big banks have been accused of giving small businesses “an incredibly poor deal” by offering them less interest on their cash than bigger companies. In a letter to the…
John Lewis hires former Royal Mail chief who led push into housing
[ad_1] “With an extensive and valuable property portfolio, we have an important role to play in ensuring it continues delivering value for the long term benefit of customers and Partners…
Selfridges posts £40m loss despite sales boost as finance costs weigh
[ad_1] Selfridges lost almost £40m last year despite a rebound in sales, after a surge in debt interest costs. Sales at the luxury department store’s main retail business jumped almost…
John Lewis accused of ‘ignoring’ locals with plan to build tower blocks
[ad_1] The residents have written to Peter Mason, the Labour leader of Ealing Council, to protest against the plans and ask for more time to respond to the proposals. In…
M&S reports booming clothes and homeware sales as investors back revival plan
[ad_1] Between 2011 and 2020, M&S’s clothing and home sales fell year-on-year as shoppers bought cheaper basics, such as underwear, rather than more expensive products. However, management’s turnaround efforts are…
Selfridges to cut jobs in battle to reduce costs
[ad_1] Selfridges is to launch a consultation with staff over job cuts as it battles with a mounting debt pile. The luxury department store told staff at its head office that…
Boots is just the latest disastrous foreign takeover of a British retailer
[ad_1] Brazil’s Natura has started making cuts at The Body Shop. On Friday the Australian and Thai group that bought Selfridges announced losses of more than £100m. Under the ownership…