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Business

Next posts strong growth amid ongoing economic struggles in the UK

Although Next recorded impressive yearly results, other clothing retailers such as H&M continued to struggle as UK consumers remain cautious in their spending.

Economy

German manufacturing woes continue to keep unemployment rate high

German unemployment stayed at the highest level since October 2020, as concerns about deindustrialisation and weaker demand continued to weigh on the economy.

Economy

UK retail sales sharply rebound in January beating expectations

Increasing retail sales in January and improving consumer confidence in February could point towards more optimism in the UK economy, however, concerns persist about slow economic growth and the threat of US tariffs.

Serbia

Serbia joins supermarket boycott

Serbia is the latest to join the boycott, a trend that started in Croatia and quickly caught on in other Western Balkan countries.

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Business

Shein’s London listing at risk as Trump plans US tax changes

Shein and other fast fashion companies could be heavily impacted by new tax changes in the US, which could close a key loophole vital for their business models.

Economy

Eurozone retail trade shows tepid growth after prior drop in October

The final quarter of last year was disappointing for retailers in the eurozone, with little reprieve forecasted for 2025.

The Big Question

Bye bye barcodes: QR codes could help reduce retail waste by 50%

More barcodes are scanned each day than searches on Google. But they won’t be around for much longer, here’s what’s coming next.

Economy

Spanish retail sales grow at slowest pace since June 2024

Although falling spending on both food and non-food items has contributed heavily to this dampened figure in November, Spain still saw strong consumer goods spending in the third quarter of the year.

Economy

UK retailers fear the worst as shoppers shun Boxing Day sales

The traditional Boxing Day sales in the UK experienced lower footfall than in 2023, partly because of the rise of online shopping and deals. Several major retailers also remained closed on the day.

Earth News

A true Black Friday? Amazon’s whistleblower workers fight for climate

Amazon workers in 20 countries are on strike today over the company's drive to increase overconsumption.

Business

Boohoo boss to step down as online fashion retailer considers break-up

The online fashion retailer has seen revenue plummet as it faces competition from the likes of Shein and Temu.

Earth News

Has Shein misled customers with its environmental claims?

The Chinese fast fashion giant is being investigated in Italy over its sustainability claims.

Business

Eurozone retail sales rebound as euro strengthens against US dollar

Eurozone retail sales rose by 0.1% in July, rebounding from a June decline. The euro strengthened to 1.11 against the dollar, driven by US Fed rate cut speculation ahead of Friday's jobs report.

Business

Kurt Geiger urges Labour to bring back tax-free shopping for tourists

The UK government stopped tax-free shopping for tourists in January 2021, following the country's decision to leave the European Union and as it tried to tackle the country's parlous financial state.

Business

Ocado is first major supermarket to trial refillable packaging

The online grocer has worked closely with The Refill Coalition to design and implement the refilling and collection processes for the products.

Earth News

Olympics outfitter Lululemon accused of greenwashing in France

Campaigners are calling on the popular leggings maker to drop its "misleading" ‘Be Planet’ ad campaign.

Business

The Body Shop’s French subsidiary takes a step closer to liquidation

Several other UK high street brands have also gone into administration recently, including Debenhams and Topshop, due to higher interest rates, the cost of living crisis and increasing inflation seen in the UK over the last several months.

Business

EU targets the likes of Temu and Shein with cheap goods crackdown

Cheap products from China are currently exempt from EU import duties, although FT sources say this could soon change.

Business

UK retailer Sainsbury’s to offload banking business to NatWest

The second biggest supermarket chain in the UK is selling its banking arm to focus on its core food business.

Business

Shein about to file £50 billion London IPO prospectus, reports say

The IPO would be a huge boost for the UK stock exchange, which has recently seen an increasing number of companies listing in the US.