Mike Ashley attacks Andy Burnham’s ‘populist’ High Street plans in letter to No 10
Accused the PM of ‘jumping on everyday fixes’ Billionaire Sports Direct founder Mike Ashley has written to Prime Minister Andy Burnham to criticise the cost of living and retail announcements as “populist reactions”. Ashley further accused the PM of “jumping on ‘everyday fixes’ or bandwagons”. Ashley said “disastrous” business rates policies and rising employment costs […]
1 month ago
Greggs is bringing back the Steak and Stilton Bake after seven years
Greggs is bringing back a discontinued classic Greggs is bringing back one of its most requested pastries, with the Steak & Stilton Bake returning to shops on Thursday, 3 September after disappearing from the menu seven years ago. The bake was last sold in 2019, but it seems fans never quite accepted its departure. Greggs […]
1 month ago
Sainsbury’s sells Argos to Swift Partners in £120m deal
Argos finds a new home Sainsbury’s has agreed to sell Argos to an investment group, Swift Partners, for £120m, a decade after buying the catalogue retailer, as the supermarket moves to focus on its core food business. The grocer said it would receive cash proceeds of at least £120m, including a £70m up-front payment when […]
2 months ago
Major high street retailer to close 150 stores as restructuring plan approved
The latest to encounter difficulties A major high street retailer is closing 150 stores after a restructuring plan was approved. The move is just the latest high street business to undergo restructuring and close stores in the wake of “challenging retail conditions”. Since the start of 2025, a number of chains and high street household […]
3 months ago
Major supermarket to close 100 stores
Hundreds of jobs are expected to be at risk. Major supermarket chain, Morrisons, is planning to close 100 stores over the coming months. The supermarket chain blamed government policy choices for rising costs, saying the affected convenience stores had been loss-making for some time and were acquired through its McColl’s acquisition in 2022. It went […]
4 months ago
Up to 150 stores of former high street giant to close
Up to 150 stores to close in restructuring plan Up to 150 of the 480 high street stores operated by the retail giant are set to close under a restructuring plan launched by the chain’s new owner. The chain was previously part of WHSmith’s high street business before being sold off in a major retail […]
5 months ago