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Green 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.

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Art

Fridamania: Why has Kahlo’s face - and monobrow - become so iconic?

Stylised and simplified, Kahlo’s likeness can now be found on t-shirts, tote bags, eye masks, phone cases, oven mitts and plant pots.

Green 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.

The Big Question

The Big Question: What makes a successful e-commerce business?

“If you want to be a relevant, modern brand, you have to be able to sell across every surface area where consumers are spending their time,” says Shopify President.

Business

FTSE reshuffle: Ocado and SJP drop out while Darktrace could return

British housebuilder Vistry Group could also see a return to the FTSE 100 index, while Liontrust Asset Management and Alpha Group International could be added to the FTSE 250 index.

World News

German retailer Galeria Karstadt Kaufhof reaches rescue milestone

Creditors have approved a restructuring plan for the department store chain Galeria Karstadt Kaufhof, saving it from a break up.

Business

Benetton set for a fashion rebrand as it looks to edge out losses

Benetton has been facing intense competition from other fast-fashion brands such as Zara in recent years.

Economy

April showers dampen UK retail sales as shoppers stay indoors

The removal of non-food sales, such as furniture, clothing and footwear, was one reason for the disappointing figure.

Business

British supermarket Sainsbury’s plans to cut costs by harnessing AI

A five year tie-up with Microsoft could potentially help the supermarket chain to make use of AI to cut costs and improve staff efficiency.

Business

France's Casino supermarket chain to cut 3,200 jobs following takeover

France's Casino supermarket chain is to cut between 1,300 and 3,200 jobs following its recent takeover by Czech billionaire Daniel Kretinsky.

Business

JD Sports off and running in US market with billion-dollar rival deal

British sports fashion retailer JD Sports has put in a billion-dollar bid to buy American sports brand Hibbett, as the UK's largest sportswear retailer aims to expand its presence within the US.

Economy

European consumers reluctant to splash cash despite slowing inflation

Consumers in Europe appear not to want to increase their spending despite the slowing inflation in Europe, the latest retail sales figures suggest.

Business

Speculation over M&S Ocado split persists after payment dispute

Experts suggest Ocado should try to woo US investors as the firm's dispute with M&S rolls on.