British retail sales volumes rose nearly three times faster than expected in July, and a surge in corporate tax receipts cut public borrowing sharply, data showed on Thursday, suggesting the recovery remains strong.
The UK is often seen by international retailers as a stepping stone to Continental Europe, and by other European retailers as a natural market extension, yet they often underestimate the challenges. They face a mature...
Asda, Britain's second-largest grocer, posted a fall in underlying sales for the second quarter in a row, with consumer confidence buffeted by the prospect of public sector spending cuts, rising taxes and job losses.
Sainsbury, Britain's third-biggest grocer, announced a board reshuffle that underscores its growth ambitions and could secure a successor to CEO Justin King, in the latest round of management changes in the sector.
Britons stepped up purchases from clothing chains and department stores last month, lifting total retail sales by more than expected, but shoppers could soon be clamping their wallets shut in the face of a fiscal sque...
Wal-Mart Stores Inc posted quarterly results that beat Wall Street expectations as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 2.4 percent.
Plans by Britain's top supermarkets to ramp up growth in non-food markets could help their traditionally defensive stocks to thrive in an economic recovery and pile pressure on firms like Home Retail and Marks & Spencer.