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News
Independent retailers press Chancellor for business rates action ahead of Budget
9+ hour, 26+ min ago (573+ words) UK independent retailers are urging the Chancellor to take action on business rates and employment costs ahead of the Budget. Bira is calling for action on business rates and employment costs as independent retailers seek clearer evidence that the government’s…...
John Lewis Partnership unveils three-year “Rise” turnaround strategy – report
1+ week, 5+ hour ago (335+ words) John Lewis Partnership has rolled out a three-year plan, internally called “Rise”, designed to return the employee-owned retailer to a market-leading position, according to internal staff communications reviewed by the Financial Times (FT). Led by partnership chair Jason Tarry, the…...
US states and FTC accuse Amazon of hidden advert price hikes
1+ week, 6+ day ago (473+ words) The complaint claims Amazon quietly pushed up the rates charged to over a million brands and sellers advertising on its site over seven years. Amazon is facing a lawsuit from the US Federal Trade Commission (FTC) and attorneys general across…...
UK retail sales growth slows as heat weighs on July demand
3+ week, 4+ hour ago (543+ words) UK retail sales grew modestly in July as extreme heat hit non-food demand and store footfall, while food and online sales proved more resilient. UK retail sales growth slowed in July as prolonged hot weather weighed on store visits and…...
UK consumer confidence rises as BRC puts Burnham’s Budget in focus
3+ week, 4+ hour ago (656+ words) UK consumers became less pessimistic in August as retail spending intentions strengthened, but the BRC says Burnham’s Budget will be key to sustaining momentum. UK consumer confidence improved in August, while retail spending intentions rose sharply, giving retailers a more…...
Walmart raises FY27 outlook after Q2 net sales rise 5.9%
3+ week, 3+ day ago (369+ words) Walmart reported second-quarter results for the period ended 31 July 2026, with net sales rising 5.9% to $186.10bn. The US retail giant has also raised its fiscal 2027 (FY27) guidance. During the period under review, its operating income increased 28.8% to $9.38bn, or 17.4% on an adjusted constant-currency basis....