A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
The UK retail sector was shocked at the weekend on news that two key supermarket names could merge. And if Sainsbury’s and Wal-Mart's Asda do merge, it would join up two of the most prominent fashion brands too.
Poundland is speeding up its in-store Pep&Co openings as it targets significant fashion market share in the UK. The company will open 91 corners in its stores by June in a UK market where budget fashion is surging.