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....In the late 80s and early 90s a series of changes to the planning laws allowed for the building of large out-of-town hypermarkets on greenfield sites, which in turn encouraged the boom in the supermarket sector. That created the food retail landscape we have today in which fewer than a dozen companies control more than 90% of the food retail market. ... [Read full article on Guardian ]
Saturday 29th of July 2017 08:25:51 PM
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Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
....In the late 80s and early 90s a series of changes to the planning laws allowed for the building of large out-of-town hypermarkets on greenfield sites, which in turn encouraged the boom in the supermarket sector. That created the food retail landscape we have today in which fewer than a dozen companies control more than 90% of the food retail market. ...
Ofwat chief quits for private sector job image
Source : Guardian [Read Article] Wednesday 19th of July 2017 11:02:57 AM
....Ofwat said it had started looking for a replacement for Ross, who has tried to get better value for customers from water companies. She led the water watchdog through a review of sector prices in 2014 and the opening of a new business retail market in England. ...
Holland & Barrett sold to Russian billionaire for £1.8bn image
Source : Guardian [Read Article] Monday 26th of June 2017 07:53:35 AM
....L1 Retail, a division of the tycoon’s LetterOne holding company, purchased the retailer from its parent firm, Nature’s Bounty, which is owned by the private equity firm Carlyle. The fund’s managing partner, Stephan DuCharme, said: “Holland & Barrett is a clear market leader in the UK health and wellness retail market, with attractive growth positions in other European and international markets, and growing online presence, with a leading customer loyalty programme and 10 million active cardholders. ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
.... But, actually, committing to a couple more laps of the track at Lloyds is surely a highly attractive prospect. With a 25% share of the UK retail market, the bank is currently playing in a league of its own and can expect to do so for years. ...
Tory price promise image
Source : BBC [Read Article] Sunday 23rd of April 2017 01:59:35 PM
....Meanwhile Lawrence Slade, chief executive of Energy UK, said that last year the government's competition regulator decided against introducing a wider price cap, instead opting for the pre-payment cap. "Intervening further would undermine so many of the positive changes that we are seeing in the retail market. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
.... The cost in job terms has been stark, with more than 89,000 retail positions eliminated over the last six months. New York-based Global Data analyst Neil Saunders says the US and UK retail markets are not mirror images, with the American woes resulting from the fallout from a belated move by store chiefs to address the threat posed by the internet. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
....Nicholas Hyett, equity analyst, Hargreaves Lansdown said Sports Direct had picked up a "bargain out of bankruptcy proceedings". He said Sports Direct had been involved in the US sports retail market before, through its stake in Dick's Sporting Goods, "but this time round it has decided to jump in directly". ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
.... . "Intervening further in the energy market risks undermining so many of the positive changes we are seeing in the retail market. ...
Canada Goose shares jump on stock market debut image
Source : BBC [Read Article] Thursday 16th of March 2017 04:50:44 PM
....One investor, who did not buy the shares, cautioned about the company's growth prospects. "It is a very niche product at the high end of the retail market, and the retail market is under pressure overall," said Bryden Teich, from Avenue Investment Management. ...
How free market helped big six energy firms to rack up huge profits image
Source : Guardian [Read Article] Sunday 12th of March 2017 12:05:09 AM
....That led to the doorstep mis-selling scandals when customers were signed up to switch provider without their knowledge, ending in multimillion-pound fines for EDF, Npower, British Gas and SSE. In 2008 price rises of 42% prompted Ofgem to hold an energy supply investigation, then in 2010 a retail market review. ...
John Lewis slashes staff bonus to 6% – the lowest in 63 years image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:28:42 AM
....6m. Mayfield said John Lewis had pumped money into reducing its debts, including its pension deficit, as the economic outlook remained “volatile and uncertain” because of difficulties in the wider UK economy and in the retail market. ...
Fifty Shades Darker sets Britain’s burgeoning sex toy industry abuzz image
Source : Guardian [Read Article] Saturday 11th of February 2017 04:00:19 PM
.... Housed in a squat building on the edge of an industrial estate on the outskirts of Bath, the mezzanine floor of the warehouse houses the slower moving lines, an arrangement that results in a box of pink strap-ons nestling beside a stack of policeman hats. However, this lucrative specialist retail market is expected to be worth £24bn globally by 2020, with industry data pointing to more relaxed attitudes to buying products that were once considered taboo. ...
Under Armour reveals bounceback plan after shares plummet 30% image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:00:16 AM
.... This growth has included the arrival of a new fashion segment – athleisure, which revolves around wearing workout clothes as part of a casual wardrobe – but also a surge in spending on gyms, fitness classes, and other sporting activities. Kevin Plank, the chief executive of Under Armour, blamed the faltering performance on fierce competition and a wider slowdown in the retail market. ...
Fischer Energy joins UK retail market with 100% renewable offer image
Source : Guardian [Read Article] Sunday 15th of January 2017 04:49:38 PM
....ON, ScottishPower and SSE. Ofgem says there are currently 44 active suppliers in the retail market. ...
How attempts to save BHS, and 11,000 jobs, were doomed by chaos and mistrust image
Source : Guardian [Read Article] Saturday 31st of December 2016 04:00:32 PM
.... Green, meanwhile, claims he was misled by Chappell and blames him for the furore of the past year. Retail analysts say the lack of investment in BHS under Green and the mismanagement under Chappell pushed over the edge a business that would have been struggling anyway in the present retail market, where sales are moving from the high street to online, and department stores are under pressure. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
.... A few days earlier, in an article for The Sun, the club’s vice-chairman Karren Brady had defended Kenwright, who she met at a dinner party at the home of the former prime minister Gordon Brown, against criticism from Everton fans. Brady is also listed as a director of Taveta Investments, ranked as the second-largest operator in the UK clothing retail market, and registered in Monaco under the name of Green’s wife, Tina. ...
Amazon Go checkout-free stores look set to come to UK image
Source : Guardian [Read Article] Friday 9th of December 2016 11:54:59 AM
.... Jeff Bezos, its chief executive, said in May more stores were on the way but the company said this week it had no grand plan and was still testing the market. Amazon has made it clear that it is targeting the UK retail market. ...
GB Energy's collapse to hit 160,000 households with higher bills image
Source : Guardian [Read Article] Sunday 27th of November 2016 06:35:39 PM
....”. The government has sought to increase competition in the retail market dominated by the “big six” suppliers – British Gas, E. ...
Amazon v Donald Trump? Jeff Bezos may soon face his biggest challenge yet image
Source : Guardian [Read Article] Friday 18th of November 2016 07:13:20 PM
....It is unclear what action Trump could take against Amazon, with the president-elect not expanding upon his threats with specific policies. Despite its size, Amazon still accounts for a relatively small proportion of the retail market, meaning Trump’s claims about a huge antitrust problem are dubious. ...
Britain's high streets under strain as 15 shops close every day image
Source : Guardian [Read Article] Monday 24th of October 2016 11:01:07 PM
.... About 64% of retailers in Britain were holding sales last week as they tried to shift unsold stock, according to research conducted by Hyman. “This is the toughest retail market we have ever seen by some distance,” he said. ...
Ikea paves way for first Indian store image
Source : BBC [Read Article] Friday 12th of August 2016 04:07:53 PM
....Bringing international retail experience to India has been among the most controversial and fiercely opposed decisions here. To be part of the $600bn (£460bn) Indian retail market, Ikea has pledged to invest over $1. ...
UK top for online drug sales in Europe image
Source : BBC [Read Article] Wednesday 10th of August 2016 11:04:10 AM
....The researchers noted that online transactions were dominated by "drugs typically associated with recreational or 'party' use" - such as cannabis and ecstasy. Offline, heroin is thought to account for 28% of the total European drugs retail market. ...
Sainsbury's to close Netto stores image
Source : BBC [Read Article] Monday 4th of July 2016 10:36:44 AM
.... . The supermarket chain said although Netto was trading in line with expectations it could not ignore the evolving food retail market and the long-term strategies of both itself and its partner, DSG. ...
Ocado warns Brexit could push up supermarket prices image
Source : Guardian [Read Article] Tuesday 28th of June 2016 08:58:05 AM
....The online grocer Ocado has said that Brexit could send supermarket prices surging as the plunging pound pushes up costs for retailers. Tim Steiner, chief executive, said the weaker pound might lead to “inflationary pressure”, but he did not believe Brexit would spark a crash in the UK retail market. ...
Ted Baker buoyed by online spending surge image
Source : Guardian [Read Article] Tuesday 14th of June 2016 04:08:11 PM
....Shares in the company rose more than 7% on Tuesday amid relief that it had shrugged off the difficulties experienced by other British retailers during the chilly spring. Austin Reed blamed challenging retail market conditions for its fall into administration in April. ...
Asda replaces CEO with Walmart's China chief image
Source : Guardian [Read Article] Monday 13th of June 2016 11:11:27 AM
.... He will take over at Asda on 11 July. He said: “Rejoining Asda at such a critical point in the development of the UK retail market is both a challenge and a privilege. ...
Sainsbury's boss enjoys 86% pay rise despite fall in underlying profits image
....Related: Sainsbury's suffers sales decline after end of multibuy discounts. The company’s remuneration committee said in the annual report: “The committee acknowledges the absolute year-on-year decline in profit and [underlying] sales but is comfortable that the targets were robustly set, particularly when the broader context of the retail market and Sainsbury’s outperformance of our main supermarket peers is considered. ...
City news: Marston's, SABMiller, SSE and Arm Holdings image
Source : Daily Express [Read Article] Thursday 19th of May 2016 08:07:00 AM
....FALLING gas prices and mild weather hit profits at energy giant SSE. Britain’s second biggest gas and electricity supplier lost 370,000 customers amid “intense retail market competition”, leaving it with 8. ...
SSE profits reignite row over energy prices image
Source : Guardian [Read Article] Wednesday 18th of May 2016 07:15:52 AM
....SSE said the retail arm has been bolstered by growth in business customers but it had suffered from cutting gas prices to domestic customers earlier this year, its third such reduction in 12 months. Alistair Phillips-Davies, SSE’s chief executive, admitted the company was feeling the heat from newer independent retail supply companies such as First Utility, Ecotricity and Ovo Energy: “The operating environment presented a number of complex issues, including the impact of low wholesale gas prices and intense retail market competition. ...
Upmarket tailor Austin Reed 'on radar' of Dragons' Den star image
Source : Guardian [Read Article] Thursday 5th of May 2016 06:06:32 PM
.... It also moved out of its vast London flagship store at 113 Regent street in 2011, exchanging it for smaller premises over the road. At the time of its collapse the administrators said Austin Reed had “cash flow difficulties arising from challenging retail market conditions”. ...
Upmarket tailor Austin Reed goes into administration image
Source : Guardian [Read Article] Tuesday 26th of April 2016 08:59:40 AM
....The company has struggled in recent years and closed 31 unprofitable stores in 2015 using a company voluntary agreement. The administrators said the retailer had cash flow problems resulting from “challenging retail market conditions”. ...
Sir Philip Green must sort out the BHS pension mess image
Source : Guardian [Read Article] Monday 25th of April 2016 01:16:46 PM
.... BHS was “always going to be very, very hard to turn around”. It is an underinvested, loss-making chain in a corner of a tough retail market where the death of the department store was being debated even before internet shopping arrived. ...
Sainsbury's hires 150 digital experts for face-off with Amazon and Tesco image
....The price of failing to keep up was spelled out by Next last month which admitted that poor Christmas sales were partly the result of its failure to develop the way it sold via mobile phones - the fastest growing method of shopping. Sainsbury’s is in the process of buying Argos, the multi-channel retailer, which it believes will help it take on Amazon and diversify away from the ultra-competitive food retail market. ...
Poundland admits buying rival 99p Stores hit sales image
Source : Guardian [Read Article] Thursday 14th of April 2016 02:47:53 PM
....Stifel analyst James Collins was concerned about the loss of momentum. “Management continues to cite disruption from the 99p Stores conversion programme and a tough retail market,” he said. ...
Source : Reuters [Read Article] Thursday 14th of April 2016 07:26:23 AM
. A record number of British energy users have switched from large to independent electricity and gas suppliers, Britain's energy lobby group said on Wednesday, showing that smaller providers are continuing grow retail market share. ...
WH Smith's high street sales buoyed by colouring books image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:56:40 AM
....”. He said WH Smith had performed well despite tough times for the wider retail market, questions over the economy and technology replacing paper reading matter because it had invested in stores and products. ...
Misconduct 'has cost UK's banks £53bn over 15 years' image
Source : Guardian [Read Article] Monday 11th of April 2016 10:07:13 AM
....5bn in fines and redress for mistreatment of customers in the previous 15 years. The report focuses on the retail market so does not include the scandals that have hit the investment banking industry for rigging Libor or foreign exchange markets. ...
Source : Reuters [Read Article] Thursday 7th of April 2016 12:00:26 PM
....The Investment Association, which represent top funds in Britain, said it was pleased the FCA has recognised that most funds have high standards. "The industry will continue to work closely with regulators and distributors to ensure that disclosure standards and investor expectations are met across the retail market," the IA said in a statement. ...
Argos owner Home Retail backs Sainsbury's £1.4bn takeover bid image
Source : Guardian [Read Article] Friday 1st of April 2016 07:21:22 AM
....The deal ends months of manoeuvring between the retailers since Sainsbury’s revealed in January it had expressed an interest in Home Retail in November. Sainsbury’s has secured a deal it said will help it take on Amazon and diversify away from the ultra-competitive food retail market. ...
Source : Reuters [Read Article] Thursday 17th of March 2016 07:43:14 AM
....Retaining the right to sell UCITS internationally, and hold onto the assets already managed for valuable continental European retail clients, may prove difficult in the event of a messy split with Europe, lawyers and consultants said. "For the retail market, the EU boundary is a hard boundary," Julie Patterson, KPMG's head of investment management said. ...
Competition regulator's energy market plan 'will lead to junk mail deluge' image
....Roger Witcomb, head of the CMA investigation, insisted the “coherent and comprehensive package of reforms” would transform the energy sector. He added: “In those parts of the retail markets where competition is working, customers are benefiting to the tune of hundreds of pounds a year by switching. ...
The end of rip-off energy bills? Millions to have details shared to boost switching  image
....Mr Witcomb added: "We have found that the six largest suppliers have learned to take many of their existing domestic customers – some 70 per cent of whom are on ‘default’ standard variable tariffs – for granted, not just over prices, but with their service and quality. "Yet in those parts of the retail markets where competition is working, customers are benefiting to the tune of hundreds of pounds a year by switching. ...
UK watchdog accused of bowing to pressure from 'big six' energy suppliers image
....He admitted the six largest suppliers had been taking existing domestic customers – some 70% of whom are on “default” standard variable tariffs – “for granted, not just over prices, but with their service and quality”. But he added: “In those parts of the retail markets where competition is working, customers are benefiting to the tune of hundreds of pounds a year by switching. ...
Source : Reuters [Read Article] Thursday 10th of March 2016 07:23:23 AM
....ON and EDF Energy were abusing their control of the market. The "Big Six" still control roughly 85 percent of the energy retail market but smaller suppliers, such as Good Energy, First Utility and Ovo Energy, are rapidly gaining market share by offering cheaper deals. ...
Plans for wide-ranging cap on energy bills expected to be scrapped image
Source : Guardian [Read Article] Friday 4th of March 2016 12:01:18 AM
....The Competition and Markets Authority (CMA) is also likely to announce that it is lifting a limit on the number of tariffs that companies can offer, scrapping a policy that was introduced by industry regulator Ofgem to provide more clarity for consumers. The CMA has already retreated from other, bolder moves that it threatened to make, including the breakup of large firms such as Centrica and SSE that dominate the wholesale as well as the retail markets. ...
Amazon to start selling fresh and frozen Morrisons food image
Source : Guardian [Read Article] Monday 29th of February 2016 01:36:59 PM
.... Monteyne added: “Letting the Barbarians in’ is the other potential long term outcome. Having a credible fresh food supply in the UK will allow Amazon to build scale and expertise and really make an impact on the UK food retail market. ...
Asda sales plunge amid pressure from Aldi and Lidl image
Source : Daily Express [Read Article] Friday 19th of February 2016 12:01:00 AM
.... They certainly stepped up. “The UK retail market is continuing to undergo significant and permanent structural change, competition in our sector has been fierce and our market share has come under pressure. ...
Asda serves up worst ever quarterly sales on record after bleak Christmas image
Source : Telegraph [Read Article] Thursday 18th of February 2016 12:31:05 PM
.... Mr Clarke admitted: "2015 was a difficult year and 2016 will be tough. The UK retail market is continuing to undergo significant and permanent structural change, competition in our sector has been fierce and our market share has come under pressure. ...
Asda sees biggest sales fall on record image
Source : BBC [Read Article] Thursday 18th of February 2016 12:26:20 PM
....Discounters Aldi and Lidl, are both thriving and expanding fast. Mr Clarke said the UK retail market was undergoing "significant and permanent structural change". ...
Hackers in China attack 20m accounts on Alibaba's Taobao shopping site image
Source : Guardian [Read Article] Thursday 4th of February 2016 05:46:02 PM
....The number of accounts, 20. 59m, represents about 1 out of every 20 annual active buyers on Alibaba’s China retail marketplaces. ...
Stelios Haji-Ioannou opens easyFoodstore with 25p offer image
Source : Guardian [Read Article] Monday 1st of February 2016 07:09:19 PM
....When he first announced the idea, Haji-Ioannou said he had been inspired to launch easyFoodstore by the widespread use of food banks. “I have a feeling that there is a gap in the food retail market – a niche below some of the current budget operators such as Aldi and Lidl,” he said. ...
Sir Stelios takes on the supermarkets with food for 25p image
Source : Telegraph [Read Article] Monday 1st of February 2016 06:24:17 PM
.... . Sir Stelios said in 2013 that his interest in the food retail market was sparked by the widespread use of food banks. ...
New year nightmare for traders as FTSE suffers worst week since August image
Source : Telegraph [Read Article] Friday 8th of January 2016 07:24:01 PM
.... . James Anstead, a Barclays analyst, said: “Although we remain fully conscious of the difficult state of the UK food retail market - and the as yet unproven nature of Tesco’s recovery - we believe that after recent sustained weakness, the Tesco share price now offers considerably more upside than downside. ...
Mountain Warehouse bucks trend and reports strong Christmas trading  image
Source : Telegraph [Read Article] Friday 8th of January 2016 11:35:37 AM
. Discount outdoor clothing seller Mountain Warehouse bucked the gloomy trend in the wider retail market to report a 15pc rise in sales over the Christmas period, as exports to Asia and a newly-launched yoga range took off. ...
FTSE recovers in cautious trading with Tesco leading the way image
Source : Guardian [Read Article] Friday 8th of January 2016 09:43:53 AM
.... Analyst James Anstead said:. We think recent share price underperformance has left Tesco’s valuation at attractive levels, although we remain conscious of the numerous headwinds facing the UK food retail market. ...
L&G considers selling its Dutch retail unit image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 04:55:16 PM
.... . A sale would mark the insurance and savings giant’s latest withdrawal from the European retail market. ...
Carpetright on a roll as profit and sales rise image
Source : Telegraph [Read Article] Tuesday 15th of December 2015 08:08:31 AM
.... Laminate flooring is a fast-growing niche for Carpetright. "In a retail market which remains very competitive," Mr Walsh said. ...
Anglo American cuts dividend and 85,000 jobs in ‘radical’ restructuring image
Source : Telegraph [Read Article] Tuesday 8th of December 2015 09:30:04 AM
.... “Diamonds are much more robust in our view. We’re hopeful on the retail market for diamonds. ...
French Connection to leave Regent Street store image
Source : Guardian [Read Article] Monday 30th of November 2015 08:58:54 AM
....The brand’s fortunes have waned since it caught the public’s attention with its FCUK logo in the 90s. It has battled to keep up with rivals such as Zara on the high street and Asos online in the fiercely competitive clothing retail market. ...
Retail homogenity is what makes online shopping the place to be, says Not on the High Street boss image
.... However, he admits that his fascination with people’s behaviour has been useful when trying to anticipate how consumers think. Belsham believes that the current price wars are driven by the mass retail market becoming so ubiquitous, which has left customers tired and bored. ...
Virgin Media criticises watchdogs over 'flawed' analysis of BT-EE deal image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 06:53:45 PM
.... . Virgin Media said it was “extraordinary” that the CMA concluded that such price increases at wholesale would not substantially harm competition in the retail market. ...
Darty agrees to £558m Fnac takeover image
Source : Telegraph [Read Article] Friday 20th of November 2015 08:22:02 PM
.... . Alexandre Bompard, the chief executive of Fnac, said that the offer "constitutes a strategic oppportunity for both groups by creating a leader in the French electronics, editorial and home appliance retail markets, as well as key player in the wider European consumer electronics landscape. ...
Home business innovation 2015-16 competition entry: Lucy and Belle image
Source : Guardian [Read Article] Friday 20th of November 2015 04:12:44 PM
....Lucy and Belle is a shopping destination for children’s clothes. We are a small, family home-based business with a big dream to become a leading contender in the online retail market for those shopping for babies and little people. ...
Aldi and Lidl plot to open five times as many new stores as Big Four image
Source : Telegraph [Read Article] Saturday 14th of November 2015 07:30:29 PM
.... . “This data further confirms the changing dynamics within the food retail market in the UK", said Michael Dall, lead economist at Barbour ABI. ...
Sainsbury's launches store wars price cuts image
Source : Daily Express [Read Article] Thursday 12th of November 2015 10:19:00 AM
.... . “The grocery retail marketplace remains challenging and will be for the next six to 12 months. ...
Sainsbury's first-half profits fall image
Source : BBC [Read Article] Wednesday 11th of November 2015 08:22:24 AM
....At the end of September the company reported its seventh consecutive quarter of falling underlying sales. The company's chief executive, Mike Coupe, admitted that "the grocery retail marketplace remains challenging" but said he was "confident we are making progress". ...
Volkswagen embarks on its humble journey down to earth image
Source : Guardian [Read Article] Wednesday 28th of October 2015 08:26:31 PM
.... It suggests that the CMA may be taking a narrow view of the world. The Poundland and 99p Stores deal was deemed to be troubling because it would dominate the single-price retail market, even though no-one shops exclusively in pound stores. ...
Alibaba confounds China slowdown with 32% revenue rise image
Source : Guardian [Read Article] Tuesday 27th of October 2015 01:01:00 PM
.... Shares in Yahoo, which owns 15% of Alibaba, were up 7%. The total value of transactions on Alibaba’s retail marketplaces in China, which Chinese exporters with overseas companies, rose 28% to $112bn. ...
Climate-smart technologies improving livelihoods of Kenyan smallholders image
Source : Guardian [Read Article] Wednesday 7th of October 2015 04:30:24 PM
....African bird’s-eye chillies, also known as piri piri, are Equator’s principle crop. This variety of chilli is highly valued in the high-end retail markets of Europe, Japan and the United States. ...
Argos squares up to Amazon with same-day delivery across UK image
Source : Guardian [Read Article] Tuesday 6th of October 2015 11:01:33 PM
.... Marks & Spencer and the delivery company Yodel, which delivers for retailers including Amazon, Argos, Boots and Tesco Direct, also experienced problems after being overwhelmed with orders during the Black Friday discount weekend. Sophie McCarthy, a retail analyst with Conlumino, said: “This has the potential to be a serious game changer, not only for Argos, but for the wider UK retail market as retailers increasingly chase fulfilment as a competitive weapon. ...

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