Asda clothing overtakes M&amp;S
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Marks &amp; Spencer is no longer the UK&#39;s largest clothing retailer after losing its crown to supermarket chain Asda. Industry figures for the 12 weeks to July 25 are understood to show that Asda now has a leading
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Asda, a unit of Wal-Mart, has overtaken Marks & Spencer as BritainÂs biggest clothing retailer, industry figures showed.
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Business & money: Marks & Spencer's womenswear business has lost market share in the weeks since Christmas as shoppers' love affair with Twiggy fizzles out
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Marks & Spencer's website tops a ranking of user-friendly sites, but rivals Next and Top Shop struggle.
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Swedish clothing giant H&M on Thursday reported strong fourth quarter and full-year growth but saw its share price dip amid disappointment that its results were slightly below analyst expectations.
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Business & money: Â· Credit crunch creates Â£210bn backlog of buyouts Â· US sub-prime crisis claims more jobs and firms
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LONDON In the take-no-prisoners battle for the pocketbooks of British shoppers, Tesco, the No. 1 supermarket, posted a 30 percent rise in first-half net income on Tuesday while Marks Spencer, once the champion, reported a further decline in sales.
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Privately-owned British fashion retailer  New Look may be sold for 2 billion pounds ($3.91 billion) after  private-equity firms Apax and Permira received at least three  bid approaches for the firm, The Sunday Times said.
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The move comes as the company tries to win back choosy high street customers amid fierce competition from the likes of Next and supermarket chain Asda.
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SHARES in Coles Myer raced to another record high yesterday as chief executive John Fletcher forecast double-digit sales growth for 2004-05 after a barnstorming start to the financial year.
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The UK was today on course to become the second largest market for clothing retailer Hennes &amp; Mauritz after turnover climbed 16% over the summer.
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Supermaket chain Asda, owned by US giant Wal-Mart, said on Wednesday that it would create 9,000 jobs and open between 10 and 12 outlets across Britain this year.
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The home furnishings company beats the Street in the latest quarter and shares jump.
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Marks &amp; Spencer today set the price for its record share buyback above market expectations, at 362p per share. The retailer said demand for the Â£2.
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Tesco today impressed the City with a surge in third-quarter sales as it boosted market share in clothing and electrical goods. Despite a tougher environment on the high street, Britain&#39;s leading retailer
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Woolworths Ltd. won aA$1.3 billion ($997 million) takeover battle against Coles Myer Ltd. for Australian Leisure &amp; Hospitality Group, cementing its position as the nation&#39;s biggest liquor retailer.
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Marks &amp; Spencer Group Plc, the UK&#39;s largest clothing retailer, said first-half earnings fell as much as 12 percent after sales declined for a fourth straight quarter.