Sainsbury’s-Asda merger: Competition probe begins The UK’s competition watchdog has launched an investigation into the proposed Sainsbury’s-Asda merger. The Competition and Markets Authority (CMA) will look into whether the deal will mean less consumer choice, higher prices or worse service. The combined group would be the UK’s biggest retail chain with 2,800 stores and 31.4% of…
ScS & Mike Ashley battle it out for Sofa.com Furniture retailer Sofa.com has caught the attention of two major retail players, with rival ScS and Mike Ashley both expressing interest in taking over the business. In a statement to the market on Tuesday, furniture and flooring retailer ScS confirmed it wanted to acquire Sofa.com, which…
Retail sales were flat in December, as UK businesses experienced their worst Christmas in a decade, according to the British Retail Consortium (BRC). Total retail sales showed 0% year-on-year growth during the month, the worst December performance since 2008. The BRC said price cuts appeared not to have been enough to encourage shoppers. A separate…
