Following Marks & Spencer's announcement on Wednesday of a new clothing division head, the question now begs if the glory days of large department stores making huge profits with clothing might be a thing of the past.
Wal Mart stores is finalising plans to name its China boss Sean Clarke as Chief Executive of Asda, Sky News reported. The surprise move could be announced as soon as this week, Sky said, citing sources.
Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group which has been the biggest casualty in an industry price war that has hammered its sales for nearly tw...
Lower prices and more staff helped Tesco post a better- than-expected result over the key Christmas period, suggesting Britain's biggest supermarket chain may finally be recovering from several years of turmoil.
Spending in Britain on next week's "Black Friday" discount shopping day looks set to break last year's record despite warnings that retailers would be wise to shun an event imported from the United States.
John Lewis, Britain's largest department store group by sales, has predicted this year's Black Friday promotional event will be even bigger than 2014's, having said in January it might rein-in its participation.
Supermarket Asda, the British arm of Wal-Mart, said it will not participate in this year's Black Friday shopping frenzy, a year after brawls at one of its stores characterised the arrival of the U.S. import to Britain.