Retail

Dutch eyewear brand Ace & Tate has announced the opening of a new store in the vibrant neighbourhood of Portobello Road in London. This will mark the kick off of the brands expansion across the UK over the next four […]

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Profits dipped at Asda in 2022 due to accelerating cost inflation but sales edged higher, it has been revealed. The UK’s third largest supermarket chain, which is owned by the Lancashire-based billionaire Issa brothers and TDR Capital, said sales improved […]

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A new wholesale cash and carry depot has opened in Birmingham creating 100 jobs. Employee-owned Parfetts has launched its eighth depot in Tyseley, and its first in the West Midlands, expanding its existing coverage in which it already serves Wales, […]

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The North East operation of kitchens retailer Magnet has remained unscathed in a group-wide shake up which has closed its Dewsbury and Grays factory locations. In a restructuring of its UK business, Magnet operator Nobia said it needed to address […]

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DIY retail chain Screwfix is set to open up to 60 new stores next year as the firm continued its expansion with an acquisition and entered new European markets. The home improvements brand, founded and headquartered in Somerset, is planning […]

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Home Bargains is in a “strengthened” financial position despite its profits being cut by more than £100m during its latest financial year. The Liverpool-headquartered discount retailer has posted pre-tax profits of £293.1m for the 12 months to June 30, 2022, […]

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Profits at the billionaire Issa brothers’ retail and petrol station empire increased to almost $1.5bn during 2022, according to new figures. EG Group, whose brands include Cooplands, Cumberland Farms, Leon and Euro Garages, has posted an EBITDA of $1.46bn on […]

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