United Kingdom

James Davey

Sainsbury's turns to retail boss as CEO checks out

12:59pm GMT

LONDON Sainsbury's has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket group's failed bid for rival Asda who will step down in May after six years at the helm.

Dixons Carphone gets wrong number in Christmas trading update

21 Jan 2020

LONDON Britain's Dixons Carphone had to re-issue its Christmas trading statement on Tuesday after reporting an incorrect sales figure due to "a clerical error", taking the shine off what had been a well received update.

No need to be so gloomy about UK consumer, says Primark boss

16 Jan 2020

LONDON British retailers are being too gloomy about the consumer outlook because the fundamentals of the UK economy are still sound, the finance chief of Primark owner Associated British Foods said on Thursday.

Boohoo finds silver lining in Britain's depressed retail market

14 Jan 2020

LONDON British online fashion retailer Boohoo lifted its full-year guidance after reporting robust Christmas sales on Tuesday, outperforming rivals and overcoming weak UK consumer spending.

Sainsbury's Roberts is leading internal contender to be next CEO - sources

10 Jan 2020

LONDON Sainsbury's retail and operations director Simon Roberts has emerged as the internal favourite to succeed Mike Coupe as chief executive if the supermarket group opts to promote from within, two people with knowledge of the matter said.

Food waste and too much skinny menswear spoil M&S's Christmas

09 Jan 2020

LONDON Higher food waste and weak sales of menswear and gifts tarnished Marks & Spencer's (M&S) Christmas performance, hammering the British retailer's shares and raising more questions about its latest turnaround attempt.

WRAPUP 1-Christmas consumer crunch takes toll on British retail

09 Jan 2020

LONDON, Jan 9 A Christmas crunch caused more pain for British retailers on Thursday, with John Lewis flagging lower profits for 2019 financial year and warning its staff they may not get a bonus for the first time since 1953 as consumer shopping habits shift.

Slump in toys and gaming sales spoils Sainsbury's Christmas

08 Jan 2020

LONDON Core sales at Sainsbury's slipped in its key Christmas quarter as a drop in demand for toys and gaming products at the British retailer eclipsed a solid performance in food.

UK supermarkets suffer worst Christmas since 2014 with Morrisons the laggard

07 Jan 2020

LONDON Morrisons was the big loser as Britain's major food retailers endured their worst Christmas since 2014, hurt by intense competition and sustained consumer uncertainty which deterred shoppers from splashing out. | Video

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