United Kingdom

James Davey

Boohoo reviews British supply chain after factory report fallout

08 Jul 2020

LONDON Boohoo commissioned an independent review of its supply chain in Britain on Wednesday after a damaging media report about dire factory working conditions put the brakes on the online fast fashion retailer's meteoric rise. | Video

No apology required - Sainsbury's chairman defends former CEO's record

02 Jul 2020

LONDON The chairman of Sainsbury's on Thursday defended the six-year tenure of former chief executive Mike Coupe after an investor at the supermarket group's annual meeting asked if he would say sorry for its share price performance under his leadership.

Primark encouraged by post-lockdown sales but profit to slump

02 Jul 2020

LONDON Trading in British fashion chain Primark's reopened stores has been encouraging but the prolonged coronavirus lockdown means the retailer's full-year profit is likely to slump by about two thirds, owner Associated British Foods said.

New Sainsbury's boss debuts with lockdown boosted sales rise

01 Jul 2020

LONDON Sainsbury's sales soared during Britain's coronavirus lockdown last quarter, but the retailer cautioned it expects flat annual profits due to extra costs related to the pandemic.

Britain's lockdown drives Tesco's sales and costs higher

26 Jun 2020

LONDON Tesco , Britain's biggest retailer, saw underlying UK sales rise 8.7% in its first quarter to May 30, boosted by the coronavirus lockdown, but reiterated a flat profit outlook due to the costs of the crisis.

Poundland owner Pepco's sale by Steinhoff delayed by coronavirus

23 Jun 2020

LONDON The boss of Pepco Group, the owner of British discount retailer Poundland, said the coronavirus crisis has delayed the sale of the group by its troubled South African parent company Steinhoff .

UK grocery sales surge as Britons shop online, locally during lockdown

23 Jun 2020

LONDON Grocery sales in Britain surged 18.9% in the four weeks to June 14, driven by the popularity of online and convenience stores during the coronavirus lockdown, industry data showed on Tuesday.

Discount grocers look to jump on home delivery bandwagon

19 Jun 2020

BERLIN/LONDON Discount supermarket chains Aldi and Lidl look poised to accelerate their push into home delivery to satisfy burgeoning demand for online grocery shopping in a shift expected to endure beyond the coronavirus crisis. | Video

DIY group Kingfisher's sales jump as stores reopen after lockdown

17 Jun 2020

LONDON Home improvement group Kingfisher's sales surged as its European stores emerged from coronavirus lockdowns and the company said its business would be more resilient than most in the coming recession.

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