Selfridges has returned to profit as stronger store sales and tighter cost control helped it deliver a sharp improvement in its annual performance.
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Apple and Amazon are reportedly facing a revived UK consumer lawsuit worth up to £306m over claims that an agreement between the two companies restricted competition and pushed up prices for shoppers buying Apple products through Amazon.
Business & TechRetail GazetteShein’s quarterly profits have reportedly tumbled 67 per cent due to higher freight costs and weaker sales across Europe and the US. The retailer posted adjusted net profit of $228m (£169m) for the second quarter, down from a year earlier, while its margin narrowed sharply to 2.1…
Business & TechRetail GazetteShop price inflation eased slightly in September as retailers ramped up promotions, despite facing mounting financial pressure. Annual shop price inflation slowed to 1.4 per cent in September, down from 1.5 per cent in August, according to the latest BRC-NIQ Shop Price Index.
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