Topps Tiles revenue falls to £292m amid store closures
The retailer saw a 1.3% decline in annual sales, but trade unit Pro Tiler Tools posted record revenue
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Korzinka Relies On AI To Accelerate Product Addition
Uzbek supermarket chain Korzinka is speeding up the process of adding new products to its inventory by deploying an AI assistant.
Iceland unveils campaign to support ‘healthy oceans’
Iceland has launched a new campaign promoting sustainable fishing practices. Titled ‘Buy Blue, Protect Dinner’, the new campaign is part of an annual marketing drive from the…
H&M and Morris & Co unveil new collection inspired by English autumn
H&M Kids has teamed up with Morris & Co for a childrenswear collection centred on “reimagined heritage”. The collection features smocked dresses, matching sets and scalloped…
Retail and hospitality face highest effective tax rates, BRC says
BRC analysis warns £62bn tax bill is driving job losses and store closures across both sectors
Another record revenue for Søstrene Grene
With revenue growth of more than 16% in the past fiscal year, Søstrene Grene has once again broken a record. The Danish home goods retailer opened 72 stores and entered three new…
Sycamore nears $9bn deal to offload Boots to Wittington Investments
By acquiring Boots, the Weston family would return to British retail following its £4bn sale of Selfridges in 2022
Exchange for Change opens first phase of DRS registration for UK retailers
Exchange for Change has opened the first phase of registration for retailers and producers ahead of the UK’s Deposit Return Scheme launching in October 2027. Businesses that are…
Shopping without buying: what can the “dopamine sites” hype teach us about retail?
Millions of consumers fill their shopping carts, check out, and track their orders—without ever buying anything. So-called “dopamine sites” strip the transaction out of…
Retailers pay 72p in tax for every £1 of profit as tax bill hits £62bn
Retailers are handing over the equivalent of 72p in tax for every £1 of pre-tax profit they make, according to new analysis that lays bare the huge cost burden facing the UK high…
Two thirds of retailers plan store expansions despite economic uncertainty
Nearly two thirds of major retailers are reportedly planning to expand their store estates across Europe, according to new research from CBRE. The property specialist’s European…
Poundland management rescue talks could save 11,000 jobs
Poundland’s management team is reportedly in advanced talks over a potential buyout deal that could safeguard up to 11,000 jobs. The group, which includes Poundland boss Barry…