Carpetright suppliers, customers and landlords have been left £80m out of pocket following the chain’s collapse at the start of the week. According to documents seen by The Times, the flooring specialist’s trade creditors including Condor and AW Weavers were owed around £24m at the time of its collapse. Carpetright also owes £30.9m to “other creditors”,...

UK supermarkets are not likely to be misleading shoppers over loyalty pricing, the Competition and Markets Authority (CMA) has found. The watchdog, which began a probe of supermarket pricing in January, said in an update today that while the investigation is ongoing, there is a lack of evidence to suggest that promotions are unfair. The UK’s largest...

Asda workers at its Lowestoft store are set to walk out for the second time in a dispute over working conditions. GMB Union confirmed that more than 170 employees at the superstore in East Suffolk will go on strike from 3am to 10pm on 9 August after claiming the grocer’s management had been “burying their heads in the sand”. It said the employees...

Wayfair UK saw profit slide in its full-year results, as it slashed roughly 30% of its staff members in a bid to reduce costs. Profit dropped from £2.7m to £2.6m at the homeware retailer for the year ended 31 December, despite cutting its average number of workers from 847 to 587 during the period. Sales were down 17% to £69m for the year, which it...

JD Sports workers at a warehouse in Derby are facing potential job losses, with the future of the distribution centre under review. The sportswear retailer has begun a consultation period with staff at the distribution centre, based on Derby Commercial Park. Derbyshire Live reported that “around 200 workers” are impacted, as one staff member said...

John Lewis has been permitted to transform its Waitrose site in Bromley, south-east London into a new residential community of 353 rental homes as well as a modernised store. The London Borough agreed with the recommendation of its planning officers to give a resolution to grant consent for the application, which had received 147 letters of support...