Now playing Next 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. 28/05/2024
Now playing Next 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. 24/05/2024
Now playing Next 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. 18/05/2024
Now playing Next 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. 26/04/2024
Now playing Next 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. 23/04/2024
Now playing Next 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. 05/04/2024
Now playing Next 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. 29/03/2024
Now playing Next Business 40% of large UK businesses are at risk of fines from greenwashing UK authorities have the power to fine a tenth of businesses' global turnover if greenwashing has been proven, and a recent report finds that almost half of big businesses in the UK are at risk. 17/03/2024
Now playing Next Business France's Decathlon springs into rebrand ahead of Paris Olympics The French sporting goods company wants to modernise its image ahead of this year's Olympics. 14/03/2024
Now playing Next Business Zara owner under pressure to give supply chain details Unlike other major retailers, Inditex doesn't share the names of its suppliers - a stance that makes investors nervous. 11/03/2024
Now playing Next Economy 'Buy one, get one free': France forbids supermarket mega sales French supermarkets can no longer offer discounts of more than 34% for various personal and household products. The new law aims to protect smaller companies against the might of multinationals' mega sales. But how will it work for consumers? 04/03/2024
Now playing Next Business Zara to reopen stores in war-torn Ukraine The Spanish retail giant is reportedly preparing to reopen more than half of its shops in the country, which is still under attack by Russia. 01/03/2024
Now playing Next Markets Online retail giant Shein could provide London's biggest-ever IPO UK Chancellor Jeremy Hunt met the chairman of the online retail giant and talked about its potential listing in the UK. 28/02/2024
Now playing Next Economy Pound moves higher as UK retail sales rise at fastest pace since 2021 January's jump in sales was the biggest since April 2021 and followed a 3.3% fall in December. 16/02/2024
Now playing Next Business The Body Shop goes into UK administration, hundreds of jobs at risk The once iconic beauty retailer was founded in 1976 by Dame Anita Roddick. It was an early ethical trading business and was best known for its refusal to allow product testing on animals. 13/02/2024
Now playing Next Economy Eurozone retail trade figures slump as consumers feel the pinch Consumer demand has slumped following two months of improved retail growth, suggesting Europeans are still feeling the cost of living pinch. 06/02/2024
Now playing Next Economy Cash set to make a comeback for Irish businesses The policy is part of new legislation from Irish politicians to ensure the public has access to cash so that no shopper is "left behind". 25/01/2024
Now playing Next Business Primark sales shape up trading figures for Associated British Foods Primark's market share touched a record high of 7.1% in December, despite early challenges due to an unusually warm winter. 23/01/2024
Now playing Next Economy UK shoppers tightened their purse strings over Christmas The gloomy picture is fuelling fears of a recession, with the December fall being the biggest one recorded since January 2021, a period that was heavily affected by pandemic-related restrictions. 19/01/2024
Now playing Next Economy US retail sales up in December, but consumers remain pessimistic People in the US stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signalling that people remain confident enough to keep spending freely. 18/01/2024