The retail industry confronts a significant financial challenge with a £140 million increase in business rates due to recent inflation data.September’s inflation figures show a decrease…
Browsing: retail industry
Wilko has teamed up with Deliveroo to launch an on-demand delivery service for home and garden products, catering to its customers’ increasing demand for rapid delivery…
Saudi Arabia’s Public Investment Fund (PIF) has secured a 40% stake in Selfridges Group, aiming to revitalize the renowned department store.Austrian property group Signa, the previous…
Over 70 retail leaders demand urgent reform of business rates in a letter to the Chancellor.Leaders from high-profile retailers such as M&S, Primark, Ikea, and Tesco…
A coalition of over 70 retail CEOs is advocating for the creation of a Retail Rates Corrector.The proposed correction seeks a 20% reduction in business rates…
The British Retail Consortium (BRC) is advocating for a substantial change in how retail business rates are levied, unveiling new research in its recent Budget submission.The…
Research indicates significant closures as nearly 7,000 stores shut down in early 2024.The closure rate marked an increase from the previous year, with 38 stores closing…
The ongoing equal pay tribunal involving Asda represents a significant legal challenge that could reshape payment structures in the retail sector affecting over 69,345 employees.Asda’s case…
The retail industry is witnessing a heated debate over return policies as major companies balance profitability with customer satisfaction.Online retailers are constantly reassessing their return policies…
Fenwick has announced the appointment of Nigel Blow as its new chief executive, effective October 2024.Blow succeeds John Edgar, who led the company’s strategic evolution over…