Moss and Topshop to part company

The company confirmed that the supermodel’s autumn/winter collection, her 14th, will also be her last. However, she may design a number of one-off “capsule” ranges in the future, a spokesman for Arcadia, the owner of the high-street store, said.

Heinz tomato soup: 100 years old

The canned soup joins an elite list of consumer products that have been sold in almost unchanged packaging for more than a century, including Lyle’s Golden Syrup, Colman’s mustard and Lea & Perrins Worcestershire sauce.Heinz’s product first went on sale in Fortnum & Mason…

Amazon enters online grocery market

Amazon today launched a grocery division offering free delivery on thousands of household goods. The online retailer, which launched in the UK in 1998 as a bookseller, will offer 22,000 top grocery lines including Pampers, Ariel, Uncle…

Barnes & Noble shares drop by 16% after warning of weak profits

A shift in literary tastes from books to digital reading devices has hurt America’s biggest high street bookseller, Barnes & Noble, which saw its shares slump 16% on Wall Street on a warning of weak profits. Barnes & Noble, a stalwart of the books industry which has 720 high street shops in the US, revealed a…

Selfridges named as world’s best store

Selfridges walked off with the world’s best store accolade at the global department store summit in New York. Photograph: Frank Baron for the Guardian

Selfridges was today named as the world’s best de…

Big four supermarkets tough it out in battle of the British aisles

Times are tough for Britain’s supermarkets. Photograph: Alamy

When Tesco boss Sir Terry Leahy announced last week that he was bowing out after 14 years as the nation’s number one shopkeeper, most atte…

Retail sales slump but consumer mood perks up

WASHINGTON (Reuters) – Sales at U.S. retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery.

Small BusinessTh…

Philip Clarke: a profile of Tesco’s next chief executive

Philip Clarke is currently Tesco’s international and IT director and will replace Sir Terry Leahy in March. Photograph: PA

Tesco chief executive designate Philip Clarke will fly out to Japan this morn…

Argos falls flat as World Cup fever fails to lift TV sales

Argos was disappointed by lack of demand for new TVs. Photograph: Stephanie Pascal/Rex

The World Cup has failed to stoke demand for new TV sets with Argos today reporting slumping sales ahead of the t…

Wal-Mart seeks growth in China, Brazil, eyeing Russia

Wal-Mart Stores Inc is still learning about the Russian market, a country it sees as underserved by retailers, a top Walmart International officer said on Thursday. Walmart has a growing presence of employees, but no stores, in Russia as it tries to understand what it takes to succeed in that market, Cathy Smith, Walmart International’ [...]

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