Carpetright Seeks Cost Cutting Measures Amidst Competition and Weak Demand
**Lead:** Carpetright, a well-known carpet retailer, is facing tough times as it grapples with weakening demand and heightened competition,...
competition
Carpetright seeks cost-saving measures with advisers
Lead: Carpetright, the leading UK flooring retailer, is seeking cost-saving measures amid slowing demand and rising competition, potentially leading...
Macy’s CEO on the Critical Need to Close 150 Stores for Survival
Lead: Macy's embarks on a bold transformation plan, closing 150 stores in the next three years to adapt to...
Branded Grocery Suppliers’ Profitability Rises Amid Food Inflation, CMA Investigates
In a recent study by the Competition and Markets Authority (CMA), it was found that branded grocery suppliers have...
MPs to Quiz Asda Co-Owner on Fuel Price Competition Concerns
MPs to question Asda co-owner Mohsin Issa over fuel price strategy discrepancies: Members of Parliament are set to grill...
Currys Plc Reports Declining Profits and Scraps Dividend Amid Challenging Market Conditions
Currys, an electronic retailer, has reported a 38% drop in adjusted profit before tax to £119 million due to...
Asda Fined £60,000 for Fuel Price Probe Failure; CMA Calls for Real-Time Fuel Pricing Transparency
The Competition and Market Authority (CMA) has fined Asda £60,000 for not providing information during its fuel pricing investigation....
Asda-EG Merger: GMB Raises Concerns Over Potential Impact on Food Supply, Jobs, and Competition
In a letter to trade secretary Kemi Badenoch, the GMB union warns that Asda's potential merger with petrol forecourt...
CMA Investigates Asda’s Acquisition of Co-op Forecourt Business
In a major development, the Competition and Markets Authority (CMA) has launched an investigation into Asda's acquisition of Co-op's...
CMA Approves Morrisons’ Takeover of McColl’s with Conditions
Morrisons' takeover of McColl's is almost complete as the Competition Markets Authority (CMA) approves the merger. The deal includes...