IKEA's shopping centre business is spending 170 million pounds to buy and upgrade a London mall in its first foray into Britain, betting it can win over a nation increasingly doing its shopping online.
Trading stayed challenging at M&S in Q3 with the retail giant reporting just a 0.2% like-for-like sales rise and a total UK sales fall of 0.6%. Yet while Clothing & Home was down, at least the rate of decline slowed.
John Lewis had a shock announcement on Thursday with news that Paula Nickolds will be leaving the business next month. But less of a surprise was the fact that festive trading figures were down, albeit not by much.
Orders for Paul Smith's collections are growing season by season with the high-end business seeming to have recovered from its troubles of the last decade, its latest results showed. And the firm is upbeat for SS20.
Next may have seen full-price sales falling in its physical shops in recent months, but its online strength carried it through and its sales are ahead for the year to date, for Q4 and for the Christmas period.
Britain’s competition regulator is launching an in-depth investigation into Amazon.com Inc’s purchase of a stake in online food delivery group Deliveroo after the companies failed to assuage its initial concerns.
Online retailers are not immune to the devastation that is happening in UK retail at the moment and a new study said that more than 9,000 online retailers are suffering from significant financial distress.