John Lewis continued to struggle with slowing sales in the latest week. On Tuesday the department stores and e-tail firm said that sales for the seven days to January 13 fell 3.8% year-on-year to £85.7 million.
On 11 January, Dutch department store chain de Bijenkorf announced that it is closing its Woerden-based distribution center. De Bijenkorf plans to merge and outsource all distribution activities to a new partner in 2019.
A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.
Next's Christmas trading update Wednesday painted a picture of a company that's recovering, but only very slowly, and one that still faces huge challenges, especially in driving growth at its physical stores.
In her first results announcement since taking over as CEO, The White Company chief executive Mary Homer reported sales growth and an operating profit rise at the UK-based company, although profit was only up by 2%.
Steinhoff said on Tuesday it had started to lose credit lines from lenders and was still unable to determine the scale of accounting irregularities which have wiped more than $10 billion off its market value.
John Lewis struggled to find sales growth in the latest week as the hugely successful retailer showed that even the biggest names aren’t immune to the cautious spending environment in the UK at present.
EU state aid regulators will investigate whether Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill, the latest crackdown on unfair tax deals between multinationals and EU countries.
South African retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said tycoon and major shareholder Christo Wiese has stepped down as chairman.
We may be deep into the Christmas shopping season but John Lewis is struggling to generate notable sales growth with its latest weekly results showing an overall sales rise of just 0.1% to £151.9 million.