Even Ikea is having a hard time in the declining British market: in Coventry, in the centre of England, Ikea is forced to permanently close its store. 352 employees lose their jobs.
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Over the next two years, a new Aldi is to open almost every week in Great Britain. The fast-growing discounter wants a hundred more new stores.
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The British fashion chains Topshop and Topman ended their previous financial year with a loss of 505 million pounds (567,50 million euros) before tax. The group is now planning a major restructure, which will put thousands of jobs at risk.
Uberis in talks with several European supermarket chains to deliver groceries at home using its network of drivers and bicycle couriers. An initial collaboration may be at hand between Uber Eats and Sainsbury in the UK.
Asos will both extend its return policy and make it stricter: from now on, customers will be able to send back their items 45 days after the initial purchase, but they won't get their money back. The British online fashion store will also respond more strongly to misuse.
Since various British retailers were forced to close outlets or even went bankrupt in the past few years, shopping malls are getting into trouble as well: they are trapped in a downward spiral.
British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.
For the United Kingdom territory, research firm IRI calculated that price wars lead to a smaller product range, fewer product launches, smaller innovation budgets and lower turnover.