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. First it lured Natalie Massenet, the queen of online luxury, then it teamed up with fashion bible Vogue, and now it has won a multi-million pound investment from China’s biggest retailer: London-based fashion website Farfetch has rapidly gone from edgy outsider to hot ticket. ... [Read full article on Guardian ]
Friday 23rd of June 2017 11:11:44 PM
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.... Amazon is proposing an approach that looks like their own: a mix of online and physical stores. Traditional retailers have always argued that pure online shoppers don’t really exist. ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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....Store cards in particular appeared to be re-emerging as a problem, James added. These cards are often offered with incentives by retailers, such as an introductory discount at point of sale, although interest rates tend to be far higher than on normal credit cards. ... [Read full article on Guardian ]
Saturday 17th of June 2017 11:05:51 PM
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....The fall in the pound and tougher backdrop for household finances has also hurt the fortunes of some UK focused companies. Hargreaves Lansdown said that while the FTSE 100 was up 18% over the past year, UK focused retailers Dixons Carphone and Next had suffered big falls, with shares down 29% and 27% respectively. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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.... The company now has 461 stores in the US, UK and Canada. On Friday the online retailer Amazon agreed to add Whole Foods to its basket in a $13. ... [Read full article on Guardian ]
Monday 19th of June 2017 06:00:28 AM
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....Individuals working in the private security industry have to be qualified and licensed by the regulator, the Security Industry Authority, which has powers to disqualify any who fall foul of its licence standards. The trade body, the British Security Industry Association, requires its members to subscribe to a code of practice which includes protocols for searching customers, but, it says, many retailers directly employ personnel rather than outsourcing to a professional private security company. ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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....”. The rise of platforms including Uber, Deliveroo and online retailers, most of which say their drivers and riders are independent contractors, has led to growing concern that millions are stuck in insecure and stressful work in the gig economy. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:01:08 PM
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....50, recent business rate changes and the introduction of the apprenticeship levy. Lewis said last year that retailers faced a “potentially lethal cocktail” as profits slump and costs rise. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 02:05:28 PM
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.... He said: “Any suitor needs to remember Nisa shouldn’t be valued by its profitability or asset base,” he said. “The value to members is its lean route to market and the added benefit to the retailer bottom line. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:07:36 PM
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....We’ve smashed them, scooped them, sliced them and blended them. Now we have started tattooing avocados as retailers battle to feed the UK’s growing obsession with the creamy green fruit. ... [Read full article on Guardian ]
Friday 23rd of June 2017 05:09:16 PM
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....O’Grady also highlights the army of people getting work in warehouses through temporary employment agencies, such as with Sports Direct. An investigation by the Guardian highlighted a climate of fear at the retailer’s Shirebrook warehouse in Derbyshire, prompting a select committee of MPs to say it was being run like a Victorian workhouse. ... [Read full article on Guardian ]
Saturday 24th of June 2017 03:00:03 PM
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Latest Finance News related to Retailer

Frances O’Grady on insecure work: ‘the heartbreaking bit is  they think it’s normal’ image
....O’Grady also highlights the army of people getting work in warehouses through temporary employment agencies, such as with Sports Direct. An investigation by the Guardian highlighted a climate of fear at the retailer’s Shirebrook warehouse in Derbyshire, prompting a select committee of MPs to say it was being run like a Victorian workhouse. ...
Handbags at dawn with Farfetch, the latest thing in upmarket online fashion image
. First it lured Natalie Massenet, the queen of online luxury, then it teamed up with fashion bible Vogue, and now it has won a multi-million pound investment from China’s biggest retailer: London-based fashion website Farfetch has rapidly gone from edgy outsider to hot ticket. ...
Nisa members air discontent at prospect of Sainsbury's takeover image
Source : Guardian [Read Article] Friday 23rd of June 2017 06:07:36 PM
.... He said: “Any suitor needs to remember Nisa shouldn’t be valued by its profitability or asset base,” he said. “The value to members is its lean route to market and the added benefit to the retailer bottom line. ...
Tattooing avocados helps keep up supply of smash hit image
Source : Guardian [Read Article] Friday 23rd of June 2017 05:09:16 PM
....We’ve smashed them, scooped them, sliced them and blended them. Now we have started tattooing avocados as retailers battle to feed the UK’s growing obsession with the creamy green fruit. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....The fall in the pound and tougher backdrop for household finances has also hurt the fortunes of some UK focused companies. Hargreaves Lansdown said that while the FTSE 100 was up 18% over the past year, UK focused retailers Dixons Carphone and Next had suffered big falls, with shares down 29% and 27% respectively. ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
....Jill McDonald, the boss of Halfords, is missing out on £1. 7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer. ...
Government inspectors should enforce workers’ rights, says Law Society image
....”. The rise of platforms including Uber, Deliveroo and online retailers, most of which say their drivers and riders are independent contractors, has led to growing concern that millions are stuck in insecure and stressful work in the gig economy. ...
Whole Foods for thought: Austin foodies ponder future under Amazon image
Source : Guardian [Read Article] Monday 19th of June 2017 06:00:28 AM
.... The company now has 461 stores in the US, UK and Canada. On Friday the online retailer Amazon agreed to add Whole Foods to its basket in a $13. ...
Humiliation on the high street as security guards rob shoppers of their dignity image
....Individuals working in the private security industry have to be qualified and licensed by the regulator, the Security Industry Authority, which has powers to disqualify any who fall foul of its licence standards. The trade body, the British Security Industry Association, requires its members to subscribe to a code of practice which includes protocols for searching customers, but, it says, many retailers directly employ personnel rather than outsourcing to a professional private security company. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
.... Amazon is proposing an approach that looks like their own: a mix of online and physical stores. Traditional retailers have always argued that pure online shoppers don’t really exist. ...
Debt bubble returns millions to days of 2008 crash image
Source : Guardian [Read Article] Saturday 17th of June 2017 11:05:51 PM
....Store cards in particular appeared to be re-emerging as a problem, James added. These cards are often offered with incentives by retailers, such as an introductory discount at point of sale, although interest rates tend to be far higher than on normal credit cards. ...
Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker image
Source : Guardian [Read Article] Saturday 17th of June 2017 12:35:00 PM
....The sale of Nisa, which would include members receiving a payout, would be akin to a demutualisation. According to last year’s annual report, the retailer has around 1,400 members who hold between 1 and 250 shares each. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
....For example, Tesco operates a scheme where the basic pension contribution by workers is 4% of salary, matched by a 4% employer contribution. However, employees can increase their contributions at any time, and the retailer will match their payments up to a maximum of 7. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....15m in the year to February, 10% less than the £4. 63m in the previous year, after the retailer failed to hit all targets attached to his bonus. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
.... Entirely due to the whole team? Then don’t annoy everybody with a top-up that just looks greedy. It is rarely wise to read too much into a sofa retailer’s view of the trading outlook. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
. A worse-than-expected decline in retail sales volumes has sparked the biggest daily fall in the FTSE 250 since last summer, with shares in retailers, housebuilders, restaurant chains and car dealers all going into reverse. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....The chief executive of DFS, Ian Filby, blamed a sharp fall in orders in recent weeks on the upheaval created by the general election as well as the general air of uncertainty hanging over the economy. This backdrop had deterred consumers from committing to “big ticket” discretionary purchases with the retailer experiencing a huge slump in the number of shoppers visiting its stores, he said. ...
Sir John Hegarty: Einstein didn't have a brainstorm session image
Source : Guardian [Read Article] Wednesday 14th of June 2017 06:00:19 AM
....After running BBH for over 30 years, Hegarty has turned his attention to the next generation of entrepreneurs with the incubator for seed stage companies he co-founded alongside venture capitalist Tom Teichman in 2014. The startups backed by The Garage include the online mattress retailer Simba and property technology business Settled. ...
Netflix and Amazon 'will overtake UK cinema box office spending by 2020' image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:01:18 AM
.... The report predicts that internet video will overtake DVD sales this year, but some analysts claim this has already happened. “The failure in this market is the high street retailers, supermarkets and specialist stores [that sell DVDs and Blu-ray],” said Stokes. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
.... For a time, UK consumers were protected from the impact of the weakness of sterling because importers were hedged against currency movements. But those hedges have now expired, leaving retailers with little choice but to raise prices. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....The warning comes as financial speculators circle London’s stock markets and investors bet on the value of the pound, triggering a period of intense volatility while No 10 attempts to restore a sense of confidence in the government. On Friday, in the hours immediately after the surprise election result, the pound fell to an eight-week low and shares in banks, builders and retailers fell. ...
Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
. The pound fell to an eight-week low and shares in housebuilders, banks and retailers lost ground after the shock election result, which increased uncertainty over both the forthcoming Brexit talks and the UK’s economic prospects. ...
Mars recalls chocolates over salmonella fear image
Source : BBC [Read Article] Friday 9th of June 2017 02:31:32 PM
....Other products included in the recall include Galaxy Milk 4x42g multipacks and Galaxy Counters 78g and 112g pouches with the 6 May 2018 and 13 May 2018 best-before dates. The company has asked food retailers across the UK and Ireland to pull the affected products from shelves immediately. ...
L’Oréal to sell Body Shop to Brazil's Natura in €1bn deal image
Source : Guardian [Read Article] Friday 9th of June 2017 10:45:16 AM
....The Body Shop is to be sold in a €1bn (£877m) deal to Brazilian cosmetics company Natura, which owns the Aesop brand. L’Oréal, the owner of the British ethical retailer, is in exclusive talks with Natura and expected to finalise a deal this year. ...
Alphabet sells off 'BigDog' robot maker Boston Dynamics to Softbank image
.... Softbank’s shares rose 7. 4% in Tokyo on news of the acquisition, although some of that increase was down to an unrelated jump in the US shares of Chinese retailer Alibaba, in which Softbank holds a $105bn stake. ...
Pound sinks but FTSE 100 climbs after shock election result image
Source : Guardian [Read Article] Friday 9th of June 2017 08:22:37 AM
....2670 while shares in Lloyds Banking Group were down, along with those in Royal Bank of Scotland and the housebuilders Barratt and Taylor Wimpey. Shares in the fashion retailer Next were also lower on fears that consumer confidence would take a knock. ...
Boohoo co-founder sells £80m in shares as he reveals 'supersite' plan image
....6m shares. The Manchester-based retailer also raised £50m through the placing of 22. ...
Why Topshop is falling out of fashion with the Instagram generation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 04:47:19 PM
....But now young consumers are more likely to pick their party outfits and festival fashion on their phones than traipse to bricks and mortar stores. And Topshop, once a stalwart of the British high street, is falling behind the rash of other UK retailers offering up fast(er) fashion, on the cheap, online. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
....Sir Philip Green’s retail empire suffered a worse than expected 79% fall in profits last year as it reeled from the closure of BHS and a tough fashion market, during which Topshop’s UK sales fell for the first time in more than a decade. The company said it faced competition from new fashion retailers at a time when clothing had become a less important part of the household budget. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....Burberry is to hand Christopher Bailey shares worth £10. 5m next month when day-to-day management of the luxury goods retailer switches to a newly recruited chief executive. ...
Retail sales down as consumers start to feel the pinch image
Source : BBC [Read Article] Tuesday 6th of June 2017 08:51:42 AM
....However the figures come after a relatively healthy month in April. Paul Martin, UK head of retail at KPMG, said retailers had been "brought back down to earth with a thump". ...
FTSE 100 steady as Burberry shares fall image
Source : BBC [Read Article] Tuesday 6th of June 2017 08:06:48 AM
....Nordic Capital and Avista raised £805m by selling 250 million shares. In the FTSE 250, shares in electrical appliances retailer AO World fell 10. ...
AO World warns of 'significant' slowdown in UK growth image
Source : BBC [Read Article] Tuesday 6th of June 2017 07:33:02 AM
. Shares in AO World, the online domestic appliance retailer, have fallen sharply after the firm warned that growth at its UK business was expected to slow "significantly" in the first quarter. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
.... Taking less volatile figures for the last three months together, food sales rose but non-food sales were down. “After the surge in retail sales last month – the byproduct of this year’s relatively late Easter – retailers have been brought back down to earth with a thump,” said Paul Martin, UK head of retail at the BRC report’s co-authors KPMG. ...
Airline shares lower after terror attack image
Source : BBC [Read Article] Monday 5th of June 2017 08:11:29 AM
....Ocado shares closed down 1. 7% despite the online retailer securing its first overseas deal to set up an online grocery service for a European retailer. ...
It’s part-eBay, part-Instagram, but is Depop safe for your teenagers? image
....A spokeswoman for Depop says the company was set up in 2011 by Simon Beckerman in Milan but is now based in London, and that it takes its responsibilities seriously. Depop is one of a number of websites that are challenging the likes of eBay and conventional retailers. ...
Jeff Bezos: the 'obsessive' Amazon founder and world's next richest man image
.... But it is now the fourth most valuable company in the world behind Microsoft, Google’s parent company, Alphabet, and Apple. Amazon is worth more than 30 times the stock market value of Tesco, Britain’s biggest retailer. ...
Walmart asking staff to deliver online orders on their way home image
Source : Guardian [Read Article] Friday 2nd of June 2017 06:36:59 PM
.... In the US, Walmart has been struggling to keep up with Amazon’s fast deliveries, which have tempted some shoppers to switch from travelling to the supermarket to having their goods delivered via Amazon Prime, which offers next-day delivery in more than 5,000 US cities. Lore has been spearheading Walmart’s drive to catch up, since the Arkansas-based retailer bought his Jet. ...
Arora brothers cash in £227m of shares from B&M retail chain image
Source : Guardian [Read Article] Friday 2nd of June 2017 12:13:31 PM
.... Former Tesco boss Sir Terry Leahy is chairman and the group owns the Jawoll chain in Europe as well as hundreds of UK outlets. B&M is one of the UK’s fastest growing retailers, benefiting from consumers seeking a cheaper alternative to mainstream supermarkets, health and beauty shops or department stores. ...
M&S offers cash grants to community businesses in ethical relaunch image
Source : Guardian [Read Article] Thursday 1st of June 2017 06:32:53 PM
....Marks & Spencer has pledged to raise £25m for mental health, heart and cancer charities, and halve food waste across its operations by 2025, as it steps up its ethical commitments under its new chief executive, Steve Rowe. Rowe, who took charge of M&S just over a year ago, said the fashion, food and homewares retailer was also “determined to play a leading role” in social change by supporting community projects in 10 cities, including Rochdale, Glasgow, Liverpool and Middlesbrough. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....But its previous foray into the public eye was more painful. Greybull was one of the investors in a controversial deal, led by private investment group OpCapita, for doomed electricals retailer Comet in 2011. ...
Chateau Brexit? Average price of bottle of wine reaches record high image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:15:00 AM
.... The 3. 9% rise in alcohol duty announced by the chancellor in the spring budget, which took effect on 13 March, adds a further 8p to the average bottle if passed on in full by wine retailers. ...
'I’m irritated you even asked': What's the worst customer service you've had? image
. I would like to nominate online plant retailer Scentedgeraniums. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
.... But in a small percentage of cases it can create bad publicity because the firms involved are "so contradictory". This happened when retailer Walmart acquired the trendy US online fashion firm ModCloth in March. ...
G4S rejoins FTSE 100 as Debenhams drops out of FTSE 250 image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:56:36 PM
....In the latest reshuffle of the FTSE share market indexes, security company G4S is rejoining the FTSE 100. But department store Debenhams has lost its spot in the broader FTSE 250, alongside online electrical retailer, AO World. ...
Aldi and Lidl sales soar as prices rise image
Source : BBC [Read Article] Wednesday 31st of May 2017 10:53:37 AM
.... . The two retailers' combined sales rose almost 20% in the 12 weeks to 21 May compared with the same period last year, Kantar Worldpanel said. ...
Fraudsters 'use tricks of speech' in cons image
Source : BBC [Read Article] Wednesday 31st of May 2017 09:03:15 AM
....Analysis suggested that fraudsters use snippets of information about their victims, remain patient and acknowledge concerns about security to gain the trust of the person being called. Cases of identity fraud have been rising, with young people a growing target, often after people give up personal information to someone pretending to be from their bank, the police or a retailer. ...
Strong sales growth at Aldi and Lidl takes their market share to 12% image
Source : Guardian [Read Article] Wednesday 31st of May 2017 08:55:13 AM
....3% fall in the volume of goods sold. “The return of inflation has helped supermarkets grow sales but the challenge for the summer is to sustain this by encouraging shoppers to put more items into the weekly basket,” said Mike Watkins, Nielsen’s UK head of retailer and business insight. ...
Food inflation 'hits three-year high' on weak pound image
Source : BBC [Read Article] Wednesday 31st of May 2017 07:58:59 AM
....It blamed the pound, which has fallen about 16% since the Brexit vote last June, increasing costs for businesses that import goods into the UK. BRC chief executive Helen Dickinson said: "With shorter stock turnaround times, the impact of the weaker pound has already started feeding through into food prices, although food price inflation this month is still well below the input cost price increases being faced by retailers. ...
Amazon shares hit $1,000 for first time image
Source : BBC [Read Article] Tuesday 30th of May 2017 03:11:46 PM
....Amazon now has a market capitalisation of about $478bn, which is more than twice that of Wal-Mart. After starting as a bookseller, it has steadily expanded to become much broader-based retailer. ...
Tesco boss named as witness in fraud case against former directors image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:58:27 PM
....Lewis is among 10 witnesses lined up by the prosecution, it emerged at a pretrial hearing on Tuesday. They also include the retailer’s head of internal audit. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
.... In the brand’s heyday, its clothes were worn by Audrey Hepburn and Marilyn Monroe but recently it has struggled to turn a profit amid heavy competition. Day is understood to have bought the retailer’s debt and brand name in March but not the main company, meaning that the future of most of Jaeger’s 700 employees and payments for suppliers remains unclear. ...
UK's biggest solar company takes shine to global projects with deals worth £3bn image
....One area of promise is the emerging market for battery and solar installations, which maximise the financial benefits from generating electricity from the sun. The company has a dedicated team working on batteries and is working with an undisclosed retailer on one major storage project. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
....The month must be May, because there’s another revival plan under way at Marks & Spencer, and another chief executive trying to explain why it isn’t going well. A year after taking charge at the retailer, Steve Rowe blamed weakening sales on a generally weak clothing market and a reduction in discounting. ...
Electric bikes help power cycle sales at Halfords image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:38:37 PM
. Bike and car parts retailer Halfords has reported a surge in demand for electric bikes. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
.... Living standards are again falling, but while the economy has slowed markedly, as the latest GDP update showed, it continues to defy the gloomy forecasts of a Brexit recession made by some commentators this time last year. In the latest figures, unemployment is at the lowest level since 1975 and retail sales rebounded as shoppers apparently shrugged off any worries about rising prices to keep spending in April, although many retailers and economists take issue with the accuracy of the official data. ...
FTSE ends flat as Wizz Air takes off image
Source : BBC [Read Article] Thursday 25th of May 2017 08:01:17 AM
....Shares in Halfords added 3. 2% as investors shrugged off news of lower profits at the car parts and bike retailer. ...
Halfords profits hit by weak pound image
Source : BBC [Read Article] Thursday 25th of May 2017 07:13:06 AM
....Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. The car parts, bikes and camping retailer said pre-tax profits fell 10. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
.... “This is an area undergoing the most dramatic change – the council doesn’t use the term ‘gentrification’, they use the term ‘regeneration’,” he said as we strolled down a pleasant high street in the sunshine, looking up at Victorian facades renovated by the council. Along the road, hipster cafes and pubs were interspersed with clothing retailers, halal butchers and phone shops. ...
Tesco to trial a phase-out of single-use 5p plastic bags image
Source : Guardian [Read Article] Wednesday 24th of May 2017 03:20:10 PM
....If successful, it could lead to the bags being phased out completely, less than two years after the law was changed in England to force larger stores to charge for them. Britain’s biggest retailer has launched the 10-week trial in three stores – in Aberdeen, Dundee and Norwich – to see how customers manage without the 5p bag option. ...
Dixons Carphone says consumers keep spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:16:44 AM
. Sales at mobile phone retailer Dixons Carphone rose 4% for the year to April despite what it calls "a lively political backdrop". ...
M&S profits dive by nearly two-thirds as clothing sales slide image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:59:23 AM
....4m as weak clothing sales were compounded by more than £400m of restructuring costs relating to the new chief executive’s turnaround plan. Chief executive Steve Rowe insisted the retailer was on the road to recovery despite a worsening sales performance in both its clothing and food aisles in the last three months of the financial year. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....4m last year following a costly business overhaul. The retailer said that a decline in clothing sales and higher costs from opening new food stores were partly to blame for the 64% fall. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
. A group of suppliers owed millions of pounds by the collapsed fashion retailer Jaeger is considering taking legal action against its former owners. ...
London economy subsidises rest of UK, ONS figures show image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 10:26:10 AM
....The CBI’s latest health check of the retail sector – its monthly distributive trades survey – found that the boost to spending seen in April was short-lived. Of the 117 retailers questioned, 29% said sales were higher in May than a year earlier, while 27% said they were lower. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....7m zero-hours contracts, representing 6% of all employment contracts, across 905,000 workers at the end of last year. Zero-hours contracts are common among big retailers such as Sports Direct, restaurants such as McDonald’s, and among leisure companies and hotels. ...
I’m innocent, so how can I park this fine back with Aldi? image
Source : Guardian [Read Article] Monday 22nd of May 2017 06:00:15 AM
.... SD, Stalybridge, Cheshire. Aldi’s car parks throughout the UK are managed by ParkingEye, though the retailer encourages shoppers who have been slapped with what they consider to be an unfair charge to complain directly (via customer. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
....The disappointing finish to the year will be revealed alongside a sharp fall in annual profits. Hopes that M&S chief executive Steve Rowe had come up with a winning formula for the UK’s biggest clothing retailer were raised after it recorded its first underlying growth in nearly two years over the key festive quarter. ...
Marks & Spencer’s underwear is level at 30,000 feet image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
....Its newish chief exec, Steve Rowe, is to be joined by a fresh chairman, former Asda chief executive Archie Norman. Meanwhile, the retailer is also poaching Halfords boss Jill McDonald to run the clothing business – the improvement of which is Rowe’s “number one priority” as well as it being something of a family dominion. ...
How workable – and how expensive – might Labour’s renationalisations be? image
....This is likely to be a more organic process, whereby the government funds municipal networks that will take over the National Grid on an area-by-area basis. In addition, the government will support a new breed of local supplier to compete with the big six retailers of power that include Centrica, E. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
....Ikea is considering making more products in the UK as the Swedish furniture chain bids to fend off Brexit-led price rises. The retailer already makes some sofas and mattresses in Britain, but UK boss Gillian Drakeford said it was actively examining how it might increase that work while looking at other products that can be sourced domestically. ...
Foot Locker shares plunge after weak sales image
Source : BBC [Read Article] Friday 19th of May 2017 04:03:23 PM
....Why we love trainers. Sales increased as the period progressed, he added, repeating observations made by other retailers. ...
Marlboro maker accused of using branded tins to sidestep plain packaging rules image
....Philip Morris, one of the world’s largest tobacco companies, came under fire from MPs and anti-smoking campaigners on the eve of the biggest change in tobacco regulation since the smoking ban. From Saturday, retailers will no longer be able to sell branded cigarette packets, as a 12-month grace period to allow tobacco firms to phase out old cartons comes to an end. ...

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