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July’s heatwaves kept UK shoppers away from high street
Visits down 3.8% after 6.2% fall in June, with many choosing to buy online instead, research for retail body findsShoppers stayed away from UK high streets during last month’s heatwave temperatures, with many choosing to buy online instead as the mercury in some areas rose into t
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Judge casts doubt on future of WH Smith replacement TG Jones
Mr Justice Hildyard, who approved a rescue plan for the high street business, said plans for a turnaround came with ‘very considerable’ risksThe judge who approved a rescue plan for the former WH Smith high street business – now named TG Jones – cast doubt on the future prospects of the retailer suggesting there were “very considerable” risks in achieving a turnaround.“This has all the hallmarks of an adventurous equity play,” wrote Mr Justice Hildyard in his judgment published on Wedn
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Sainsbury’s to sell Argos to three retail veterans in £120m deal
Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food businessSainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business.The supermarket announced on Friday it was selling the catalogue
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Costco accused in lawsuit of selling protein powder ‘tainted’ with toxic heavy metals
Seven consumers sue the retailer, alleging it violated consumer protection and false advertising lawsA group of consumers have filed a proposed class-action lawsuit against Costco Wholesale Corporation, accusing the retailer of selling protein powder “tainted” with toxic heavy metals with no warning to consumers.The lawsuit, filed on Tuesday in federal court in Washington state, names seven consumers as plaintiffs. They allege that Costco violated consumer protection and false advertis