Prada targets wealthiest customers while shrinking its store network
The Prada Group is focusing more on "big spenders"—as the wealthy continue to get richer—as well as on creative innovation at Versace and Miu Miu. Indeed, while revenue is posting…
Retail news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Adidas appoints Birgit Kretschmer as new CFO
Birgit Kretschmer has been named as the new adidas chief financial officer, effective from September 1 2026. She will be taking over from the current chief financial officer, Harm…
Lidl Integrates European Payment Service Wero
Lidl, owned by the Schwarz Group, has selected European account-to-account payment service Wero as its newest payment method.
Online sales hit a wall in the second half of July, data shows
July was a month of two halves for online retail, with a strong first half and a slow second half, according to the latest BDO High Street Sales Tracker data. The post Online…
Tesco offers customers discounts on fuel
Tesco is offering shoppers a 5 per cent discount off the cost of filling their fuel tank when they spend £60 in store. The customers will receive a coupon to…
Retail sales growth stalls in second half of July
UK retail sales growth slowed sharply during the final two weeks of July as cautious consumers pulled back on discretionary spending. Total like-for-like sales across fashion…
UK's Sainsbury's To Sell Argos For €140m As It Sharpens Food Focus
Sainsbury's has agreed to sell its digital retailing business Argos to Swift Partners for at least £120 million (€140.1 million).
Amazon’s retail division once again posts double-digit growth
While the strong growth of the AWS cloud division is drawing the most attention in Amazon’s quarterly results, the retail division is also gaining momentum, thanks in part to an…
TikTok Shop hits 300,000 UK small business sellers as live sales surge
More than 300,000 UK small businesses are now selling through TikTok Shop, the company has confirmed. TikTok Shop said the number of new sellers joining had increased 200 per cent…
Sainsbury’s agrees £120m Argos sale as Usdaw vows to protect jobs
Sainsbury’s has agreed to sell Argos to newly formed investment company Swift Partners for at least £120m. Swift Partners was established for the acquisition by former Co-op boss…
Sainsbury’s agrees £120m Argos sale as Usdaw vows to protect jobs
Sainsbury’s has agreed to sell Argos to newly formed investment company Swift Partners for at least £120m. Swift Partners was established for the acquisition by former Co-op boss…
Waitrose sees massive sales surge at regional vacation destinations
Waitrose has experienced a sales increase at stores which are located at UK summer vacation locations, including Menai Bridge, Truro and Bridport. According to the business…