Books Inc. Files for Chapter 11 Bankruptcy Amid Pandemic Struggles
In this article, Books Inc., an independent bookstore chain in the U.S., has filed for Chapter 11 bankruptcy protection...
rising costs
Schuh Cuts Jobs Amid Economic Challenges and Rising Costs
Schuh, a footwear retailer, has initiated a voluntary redundancy process amidst challenging economic conditions and rising costs. President Colin...
UK Inflation Falls Unexpectedly; Retailers Face Challenges Amidst Rising Costs and Weak Consumer Confidence
UK inflation unexpectedly fell to 2.5% in December, defying expectations of remaining steady at 2.6%, due to reduced hotel...
Von Dutch Acquired and Bath & Body Works Partners with Crocs
Lead: From Von Dutch's acquisition to Build-A-Bear's new store on Chicago's Magnificent Mile, and John Legend and Chrissy Teigen...
PrettyLittleThing Introduces Returns Fee Amid Rising Costs of Processing Orders
In a move that has sparked controversy, PrettyLittleThing has become the latest fashion brand to introduce a £1.99 fee...
John Lewis Partnership Plans Major Job Cuts Amid Turnaround Strategy
In a shocking move, the John Lewis Partnership is reportedly considering cutting up to 11,000 roles over the next...
DFS Profits Dip Amid Rising Costs and Weak Market Environment
DFS, a furniture specialist, has reported a decline in profits for the first half of the year due to...
Inflation Boosts UK Non-Food Sales by £18.2bn, Consumers Adjust Spending Habits
Inflation is set to add £18.2bn to non-food sales in the UK, reaching £249bn in 2023, according to a...
Coface Cuts Coverage for Iceland Suppliers Amid Rising Energy Costs
Leading credit insurer Coface has cut its cover on suppliers to Iceland due to the supermarket's growing pressure amid...
UK Retailers Face Record Profit Warnings Amid Rising Costs in 2022
UK retailers faced a challenging year as profit warnings increased by 48% in 2022, according to EY-Parthenon's report. Rising...