Topshop update

Topshop swings to £10.9m loss

Topshop's fortunes have swung to a loss and annual sales took a battering as the fashion retailer endured bleak conditions.
Inflation

Inflation falls to lowest level since March last year

Inflation in April fell to the lowest level in 13 months despite surging fuel costs and record price rises on soft drinks.

Tesco to remove “best before” labels to reduce food waste

Tesco is set to stop labelling over 70 fresh fruit and vegetable products with “best before” dates in a bid to reduce food waste.

Balenciaga overtakes Gucci as Kering’s fastest growing brand

Luxury fashion retailer Balenciaga has become Kering’s fastest growing asset thanks to increasing interest from millennials.
Primark

Primark set to overtake M&S as UK’s largest fashion retailer

Primark is poised to nab title of the UK’s top clothing retailer from Marks & Spencer, following a dismal set of results.

Desmond & Dempsey to launch debut pop-up store

Luxury sleepwear brand Desmond & Dempsey has announced plans to open its debut pop-up store in Covent Garden.
M&S full year

M&S profit plunges 62.1% as turnaround costs take hold

Marks & Spencer has reported a 62.1 per cent plunge in annual pre-tax profit.
Boots update

Boots posts annual profits & revenue slump

Boots has recorded a slump in annual profits and revenue, which it blamed on “highly competitive nature” of health and beauty.
TK Maxx update

Bargain hunters help TK Maxx parent company record surge in sales

The US-based parent company of discount retailer TK Maxx reported better-than-expected quarterly same-store sales.
Tesco

500 jobs at risk as Tesco scraps Tesco Direct website

Tesco has announced plans to scrap its non-food website Tesco Direct, jeopardising hundreds of jobs.

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