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UNITED KINGDOM NEWS ON FASTMOVING

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And the best department store in the world is…

And the best department store in the world is…

12/05/2014 - 10:54
New York -- The United Kingdom’s Selfridges was named ‘Best Department Store in the World’ for the third consecutive time by the Intercontinental Group of Department Stores (IGDS). read more
Primark to make U.S. retail debut with store in Boston

Primark to make U.S. retail debut with store in Boston

25/04/2014 - 12:17
Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston.  read more
Tesco's annual profit slumps

Tesco's annual profit slumps

22/04/2014 - 10:54
London - Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6% fall in annual profit, its second straight year of decline, piling pressure on chief executive Phil Clarke. read more
Euro-dollar stable ahead of inflation data

Euro-dollar stable ahead of inflation data

01/04/2014 - 08:17
New York - The euro-dollar rate was little changed Friday ahead of crucial data on eurozone inflation while the yen slipped against the dollar before Japan's sales tax hike takes effect.  read more
GSK to invest in new factories Africa

GSK to invest in new factories Africa

01/04/2014 - 08:05
London - GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, its chief executive said on Sunday, as the pharmaceuticals group broadens its bet on promising emerging markets. read more
Marks & Spencer loses UK clothing share

Marks & Spencer loses UK clothing share

24/03/2014 - 07:24
London - Marks & Spencer, Britain's biggest clothing retailer, lost market share over the last three months, industry data showed, , reversing a small gain late last year that was heralded by its chief executive as a sign his recovery plan was working.  read more
UK: Morrisons suffers payroll data theft

UK: Morrisons suffers payroll data theft

17/03/2014 - 08:21
London - Morrison, Britain's No. 4 grocer, suffered a major theft of data from its staff payroll system, including bank account details, on the same day it issued a huge profit warning, it said on Friday. read more
Tesco plans to reduce exposure to Turkey

Tesco plans to reduce exposure to Turkey

26/02/2014 - 09:26
London - British retailer Tesco, under pressure to turn around declining sales in its domestic market, is considering reducing its exposure to Turkey, the Financial Times reported on Friday read more
Topshop to open Fifth Avenue flagship; four other U.S. stores

Topshop to open Fifth Avenue flagship; four other U.S. stores

06/02/2014 - 00:04
London – Trendy British retailer Topshop/Topman plans to open a 40 000-square foot flagship store on Fifth Avenue in New York. The new Manhattan store will be located on the corner of 49th Street, and is adjacent to Rockefeller Centre.  read more
Tesco, Waitrose in new service deal

Tesco, Waitrose in new service deal

03/02/2014 - 07:48
London - Supermarket chains Tesco and Waitrose are to begin "click and collect" services across the London Underground network after signing a deal with the city's transport authority. read more
Tesco set to enter India's supermarket groups

Tesco set to enter India's supermarket groups

19/12/2013 - 12:55
Mumbai - Britain's Tesco is set to become the first foreign supermarket to venture into India's $500bn retail sector after announcing it had applied to buy a 50% stake in Tata Group's Trent Hypermarket. read more
Wal-Mart International names new CEO

Wal-Mart International names new CEO

11/12/2013 - 10:26
Bentonville, Ark. – Wal-Mart Stores named David Cheesewright, 51, as the new president and CEO of Walmart International. He succeeds Douglas McMillon, who is set to become the chain’s CEO, the retailer's top executive. Both assume their new roles on Feb. 1, 2014. read more
Tesco to sell off land to lure consumers

Tesco to sell off land to lure consumers

22/11/2013 - 08:55
London - Britain's Tesco, battling plunging profits in mainland Europe, is to sell off land around its stores in Poland for development to make the sites more attractive to shoppers.  read more
UK: Sluggish start, late surge, solid rather than bonanza, Planet Retail

UK: Sluggish start, late surge, solid rather than bonanza, Planet Retail

04/11/2013 - 17:50
On Planet Retail’s predictions for the UK retail market over Christmas 2013, Stephen Springham, Senior Retail Analyst at Planet Retail, commented: read more
Tesco vows to curb Britain's food waste

Tesco vows to curb Britain's food waste

28/10/2013 - 09:07
Berlin - Tesco, Britain's biggest retailer, has vowed to cut the near 60 000 tonnes of food wasted by its suppliers and shoppers each year, the latest firm volunteering to help tackle a growing environmental problem. read more
M&S steps up convenience store roll-out

M&S steps up convenience store roll-out

24/10/2013 - 12:08
London - Britain's Marks & Spencer will step-up expansion of its Simply Food store network as it looks to benefit from growing consumer demand for smaller, convenience outlets, it said on Tuesday.  read more
UK clothing label George hits local shelves, today

UK clothing label George hits local shelves, today

23/10/2013 - 12:51
Massmart will open the doors to three George pop up stores today, to give South African consumers a taste of the famous British brand of clothing. read more
Sainsbury’s plans ‘dark store’ UK

Sainsbury’s plans ‘dark store’ UK

15/10/2013 - 11:14
London - J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution centre dedicated to online grocery orders in response to rapidly increasing demand in south-east England. read more
Planet Retail’s take on Tesco H1 results

Planet Retail’s take on Tesco H1 results

04/10/2013 - 15:45
On Tesco’s H1 results, David Gray, Retail Analyst at Planet Retail, commented: “As expected, Tesco reported a drop in UK like-for-like sales driven by subdued general merchandise sales, which are continuing to suffer, albeit like-for-like sales showed improvement in the second quarter. Nevertheless, food sales held up fuelled by warm weather in July/August alongside a new food-focused ‘Love Every Mouthful’ marketing campaign which launched during the half. We expect to see further positive news on food sales in the months ahead as improvements to product ranges come through.  read more
Tesco leads European shares lower

Tesco leads European shares lower

04/10/2013 - 11:33
London - Tesco led European shares lower early on Wednesday after the world's third largest retailer's quarterly revenues flatlined as its turnaround plan failed to bear fruit, prompting earnings downgrades. read more
UK plans to double trade with Kenya

UK plans to double trade with Kenya

09/09/2013 - 11:28
The United Kingdom intends to double the value of trade with Kenya in the next five years, High Commissioner, Christian Turner has said.  read more
EasyGroup to launch budget supermarket in UK

EasyGroup to launch budget supermarket in UK

06/08/2013 - 09:42
London - EasyGroup chairman Stelios Haji-Ioannou said on Sunday he planned to open a low-cost food retail business in Britain, easyFoodstore, aimed at undercutting prices at German discount grocers Aldi and Lidl.  read more
UK: Former M&S clothing boss quits ASOS

UK: Former M&S clothing boss quits ASOS

24/07/2013 - 12:07
London - Kate Bostock, one of the biggest names in Britain's retail industry, has quit ASOS after just seven months, deciding the fast-growing online fashion firm wasn't for her. read more
Marks & Spencer clothing sales fall

Marks & Spencer clothing sales fall

11/07/2013 - 11:02
London - British retailer Marks & Spencer on Tuesday posted an eighth consecutive quarterly fall in underlying sales of general merchandise, though the outcome did represent a slowing in the rate of decline. read more