United Kingdom

James Davey

Britain's John Lewis announces $1.3 billion recovery plan

16 Oct 2020

LONDON Britain's John Lewis Partnership will invest 1 billion pounds ($1.3 billion) to expand its online business and improve its stores, and will diversify beyond retail and seek more partnerships as it aims to recover profits, it said on Friday.

Spectre of unemployment weighs on ASOS despite profit jump

14 Oct 2020

LONDON The prospect of a major increase in unemployment over the coming months amongst ASOS's core 20-something customer base and a hit to their disposable income sent shares in the British online fashion retailer lower on Wednesday. | Video

Bored with your flat pack furniture? - IKEA will buy it back

13 Oct 2020

LONDON People tired of their flat pack IKEA dressers, drawers, cabinets and tables will now be able to sell them back to the furniture retailer for resale in its stores as secondhand. | Video

UK grocery sales rise, but shoppers aren't stockpiling - Kantar

13 Oct 2020

LONDON British grocery sales growth accelerated in September as shoppers geared up for new restrictions to stem the spread of COVID-19, though there was "limited evidence" of a new wave of stockpiling, industry data showed on Tuesday.

Haunted by Christmas past, Britain's M&S tackles food waste

11 Oct 2020

LONDON British retailer Marks & Spencer , seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.

New Tesco boss sticks with strategy despite profit slide

07 Oct 2020

LONDON The new boss of Tesco , Britain's biggest retailer by sales, backed the strategy of his predecessor on Wednesday, despite a drop in first-half core profit as COVID-19 costs and losses at Tesco bank outweighed a surge in sales. | Video

New Tesco boss says Christmas 2020 can still be a merry one

07 Oct 2020

LONDON The new boss of Tesco, Britain's biggest supermarket group, said he expected the country to celebrate Christmas in a big way this year despite a recession and government curbs on socialising to stem the spread of COVID-19.

British brothers buy Walmart's Asda with TDR in £6.8 billion deal

02 Oct 2020

LONDON Britain's billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart in a deal which gives the British supermarket chain an enterprise value of $8.8 billion (£6.8 billion pounds) and the buyers a platform to roll out smaller stores. | Video

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