Sainsbury's has announced that it will buy Asda with the latter's owner Walmart taking a big stake in the combined firm. And both chains will continue, which means the Tu Clothing and George lines will carry on too.
The UK retail sector was shocked at the weekend on news that two key supermarket names could merge. And if Sainsbury’s and Wal-Mart's Asda do merge, it would join up two of the most prominent fashion brands too.
Amazon.com Inc said on Friday it would buy U.S. grocer Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail sector.
The American jewelry brand named Lila Reynolds - of the Otis College of Art and Design - winner of the inaugural award. She receives $20,000 in scholarship funds and her school receives a Master Class with Yurman.
Supermarkets giant Sainsbury’s has reported a third year of lower profits. But there's good news too as fashion label Tu outperformed and the Argos unit many said it shouldn’t buy proved its worth, driving sales higher.
Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.
The worst start to a trading year for Next shares since 1991 underscores the plight of mid-tier UK retailers hit by a combination of fierce online competition and higher costs driven by a weaker pound.