Retail News Roundup: HMV Returns, Next Considers Warehouse Closure, Amazon Enters Car Sales, Frasers Group Expands
HMV is making a comeback at its historic Oxford Street location on November 24th, creating over 70 jobs with...
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Major Retailers Call for Business Rates Freeze Amid Fears of Food Inflation and Job Losses
Supermarket giants like Sainsbury's, M&S, and Currys are urging the chancellor to freeze business rates for all retail businesses...
Black Friday Spending Set to Plummet Amid Cost-of-Living Crisis
In a recent study by Wunderman Thompson Commerce, it's predicted that overall spending per person during Black Friday will...
UK CEO Appointments, Wilko Comeback, and Company Growth Updates
Tesco appoints Matthew Barnes as UK CEO in March 2024, succeeding Jason Tarry; Barnes brings experience from Aldi. Under...
Amazon’s Q3 Net Sales Surge 13% to $143.1bn, Operating Income Quadruples
In Q3 2023, Amazon's net sales soared 13% to $143.1 billion, with international segment sales up 16%. Operating income...
Waitrose Explores Partnership with Amazon for Grocery Sales
Waitrose is reportedly in talks with Amazon to potentially sell groceries on the platform, aiming to regain market share...
CMA Probes Amazon and Microsoft’s Cloud Market Dominance
Ofcom has referred the public cloud infrastructure services market to the Competition and Markets Authority (CMA) for further investigation...
Amazon’s Q2 Sales and Profits Soar Amid Record-Breaking Prime Day Event
Amazon reports a strong second-quarter performance, with sales up 11% to $134.4 billion, driven by record-breaking Prime Day and...
Farfetch Welcomes New CFO Tim Stone
In a major announcement, luxury fashion platform Farfetch has appointed Tim Stone as its new Chief Financial Officer starting...
Amazon Closes First Checkoutless Store, Continues Expansion Plans
In a surprising move, Amazon has closed its first UK Amazon Fresh store in Ealing Broadway, which opened just...