Costs incurred by Covid have pushed British supermarket group Sainsbury's into a loss of 261 million pounds (300 million euros) last year, while turnover stagnated overall.
» Read more
Retailers in Belgium's neighbouring countries are getting the prospect of the ease of Covid restrictions: in the Netherlands, stores are allowed to welcome customers by appointment from 3 March. In the UK, all stores may be able to reopen normally on 12 April.
» Read more
The acquisition of Asda by service station group EG and investor TDR Capital is a fact. Owner Walmart will receive 6.8 billion pounds (7.5 billion euros) for the British supermarket group.
British supermarket chain Asda may come into the hands of petrol station operator EG Group. With the support of investor TDR Capital, the acquisition candidate will offer 6.5 billion pounds for the third largest food retailer in the United Kingdom.
Aldi prepares for the second wave of Covid-19 in Britain by hiring 4,000 additional staff. The discounter sees growth potential during the corona crisis and wants to open 100 additional stores.
Terence Conran, the founder of interior design chain Habitat, passed away at the age of 88. The British designer and businessman headed an empire that spanned everything from retail to restaurants.
Asda will soon be in the hands of private investors. The British supermarket chain has entered the final bidding round, and Apollo, Lone Star and TDR are the last acquisition candidates in the running.
Cancelled garment orders in Bangladesh can be saved from landfill thanks to Lost Stock, a British initiative that allows consumers to order clothes directly from textile factories in "surprise boxes".
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.
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.
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.