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....The case centred on so-called interchange fees, the charges levied by credit and debit card companies such as MasterCard on merchants’ banks, which card companies say cover the costs of operating card services, security and innovation. It alleged these fees were a significant cost for retailers and were passed on through increased prices of goods and services to all UK consumers, including those who paid in cash and not just MasterCard holders. ... [Read full article on Guardian ]
Friday 21st of July 2017 10:39:18 PM
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....co/DAvDiN1hAq. Announcing the retailer’s change of stance on Friday night, a spokesman for Boots said: “Pharmacy and care for customers are at the heart of everything we do, and as such we are truly sorry that our poor choice of words in describing our position on emergency hormonal contraception has caused offence and misunderstanding, and we sincerely apologise. ... [Read full article on Guardian ]
Friday 21st of July 2017 01:34:17 PM
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....The cafe obtains surplus food from a wide range of places including supermarkets, restaurants, wholesalers and food banks. This is always safe to eat and may simply have been over-ordered, failed to meet retailer specifications, or be close to its best before date. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 06:00:31 AM
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....When I phoned up about our awful experience, I was told that they were too busy with Ascot to deal with my complaint. Moss Bros, which claims to offer more styles and sizes than any other British retailer, says Koolen’s case was an isolated incident. ... [Read full article on Guardian ]
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Latest Finance News related to Retailer

Don’t bin it … how we served the UK’s first ‘food waste wedding’ feast image
....The cafe obtains surplus food from a wide range of places including supermarkets, restaurants, wholesalers and food banks. This is always safe to eat and may simply have been over-ordered, failed to meet retailer specifications, or be close to its best before date. ...
Moss Bros outfit delivery isn’t its strong suit image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....When I phoned up about our awful experience, I was told that they were too busy with Ascot to deal with my complaint. Moss Bros, which claims to offer more styles and sizes than any other British retailer, says Koolen’s case was an isolated incident. ...
UK court blocks £14bn class action case against MasterCard image
Source : Guardian [Read Article] Friday 21st of July 2017 10:39:18 PM
....The case centred on so-called interchange fees, the charges levied by credit and debit card companies such as MasterCard on merchants’ banks, which card companies say cover the costs of operating card services, security and innovation. It alleged these fees were a significant cost for retailers and were passed on through increased prices of goods and services to all UK consumers, including those who paid in cash and not just MasterCard holders. ...
Boots apologises over morning-after pill pricing row image
Source : Guardian [Read Article] Friday 21st of July 2017 01:34:17 PM
....co/DAvDiN1hAq. Announcing the retailer’s change of stance on Friday night, a spokesman for Boots said: “Pharmacy and care for customers are at the heart of everything we do, and as such we are truly sorry that our poor choice of words in describing our position on emergency hormonal contraception has caused offence and misunderstanding, and we sincerely apologise. ...
Boots faces boycott over refusal to lower cost of morning-after pill image
Source : Guardian [Read Article] Thursday 20th of July 2017 07:02:23 PM
....Rivals Tesco and Superdrug halved the price of the emergency contraceptive following a campaign from the British Pregnancy Advisory Service (BPAS), a leading provider of abortion care. The charity had written to retailers asking them to consider offering a more affordable product, after it was revealed that British women are forced to pay up to five times more than their European peers for the contraceptive. ...
Peak Bake Off? UK's home baking boom soggy bottom image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:31:44 PM
.... Only Dr Oetker, the German maker of icing, sprinkles, flavourings and other baking ingredients, increased sales volumes. Thomas Steel, an analyst at Kantar, told the Grocer trade journal that consumers are purchasing both less per trip and not as often: “Home baking across all retailers has seen brands being ousted by own-label ranges. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....The high street fashion chain is set to be valued at £200m when it floats on Aim, the junior London stock market, later in July. The retailer was founded by entrepreneur Tarak Ramzan in the early 1990s but the windfall is being shared among nine family members including sons Sheraz and Haris, who will continue to work for the chain. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....“In any case higher inflation should prove transitory, falling back to 2% by the end of 2018. Indeed, there are already signs that the effect of the weaker pound on retailers’ costs is starting to wane. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....As households feel the squeeze, shoppers are seekingbetter value for money by heading to discount chains and buying budget basics. Premier said retailers are also cutting back on promotions, and it blamed the warm June weather for slowing sales of cooking sauces, flavourings and seasonings. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. But shares in the retailer closed up nearly 11. ...
M&S slashes plastic use in food packaging to cut waste image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....As a result of so-called ‘Project Thin Air’, more than 140 of Marks & Spencer’s best-selling products have been redesigned and repackaged in smaller, less bulky packets containing the same amount of food as before. The biggest reductions have been achieved in the retailer’s popular popcorn range, with a 37% slimming down in pack size. ...
Gig economy: Financial advice for the self-employed  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 12:01:00 AM
.... . They may work for global giants such as online retailer Amazon, taxi hailing firm Uber and delivery service Deliveroo, but have no rights to holiday pay, sickness benefits or redundancy cash. ...
Asos app allows shoppers to snap up fashion image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:02 AM
.... Again. From seeing something you like to having a parcel winging its way to your home is now possible within seconds as new technologies reboot retailers’ websites for the smartphone age. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
....“It’s clear that inflation is beginning to affect shopping habits too, with consumers diverting their spending to essentials,” said Kevin Jenkins, UK & Ireland managing director at Visa. Last month sofa retailer DFS issued a surprise profit warning, blaming falling consumer confidence for a slump in the number of visitors to its stores. ...
Why you might not be getting what you paid for image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
.... By 2014 this had fallen to just 257 – and they’re expected to cover many more areas, such as online scams. The inspection regime dates back to a time when food producers and retailers were largely local. ...
Is your money safe? Banks letting payments through WITHOUT your Pin or signature image
....Even if the wrong number is repeatedly entered, some customers have reported that they were still able to complete their transaction - sometimes without the requirement of their signature. Generally, a bank card will be blocked if a Pin number is entered incorrectly on three consecutive occasions, but some banks have admitted to allowing transactions even if the Pin is entered incorrectly - and simply ask for the retailer to obtain a signature from the customer. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
Lidl and Aldi go head-to-head offering cheap school uniforms image
Source : Guardian [Read Article] Wednesday 12th of July 2017 11:00:37 PM
....A spokesperson for Sainsbury’s said its new Tu school uniform range had over 200 options for customers, with a wide range of colours. Like other retailers, it typically offers items in multipacks - polo shirts in packs of three from £3. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
....Blue claims that during a night of heavy drinking in the Horse and Groom in Fitzrovia, central London, in January 2013 Ashley agreed to pay him £15m if Sports Direct’s shares doubled to £8. The shares did hit £8 but have since collapsed, in part because of reputational damage caused by a Guardian investigation that revealed the retailer was in effect paying staff in its warehouse less than the minimum wage. ...
Tesco faces in-depth investigation into £3.7bn Booker takeover image
Source : Guardian [Read Article] Wednesday 12th of July 2017 08:31:46 AM
....Tesco operates more than 3,000 stores across the UK, while Booker supplies more than 5,000 stores under the Premier, Londis, Budgens and Family Shopper brands. The proposed deal would turn Britain’s biggest retailer into a major supplier to small retailers, serving 125,000 independent convenience stores as well as 468,000 restaurants and pubs. ...
Threats, bullying, lawsuits: tobacco industry's dirty war for the African market image
....BAT said that its products were for adult smokers only and that it would much prefer that stalls sold whole packets rather than single sticks, “given our investment in the brands and the fact there are clear health warnings on the packs. “Across the world, we have very strict rules regarding not selling our products to retailers located near schools. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....A slowdown in food sales at Marks & Spencer has spooked investors who have increasingly relied on brisk trade in its upmarket food halls to prop up its struggling clothing arm. M&S’s shares were marked down by more than 4% after the retailer revealed food sales in stores open more than one year had fallen over the last three months. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
....Struggling fashion chain Store Twenty One is being liquidated with the loss of 900 retail jobs. The value clothing retailer, which was based in Solihull in the West Midlands, has entered compulsory liquidation and its 122 stores which ceased trading on Friday will not reopen. ...
UK households binned 300,000 tonnes of clothing in 2016 image
Source : Guardian [Read Article] Tuesday 11th of July 2017 09:38:16 AM
....”. The organisation is now urging retailers and brands to focus on so-called “priority” garments which have the biggest environmental impact and are also the biggest sellers. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
....Solid neoliberals all, they see all growth as good, especially for their bottom line. They include the banks and financial sector, real estate developers, the housing industry, major retailers, the media and other major players for whom an endless increase in customers is possible and profitable. ...
Should your supermarket receipt count calories? image
Source : Guardian [Read Article] Monday 10th of July 2017 02:25:04 PM
....”. “What would be really interesting is if the retailers link it to algorithms set up for loyalty cards for those who want it,” says Taylor. ...
Brexit breaks breakfast? Hard Brexit could mean hard luck for fry-up fans image
.... Meanwhile wage growth is weak, intensifying the squeeze on household finances. “WTO tariffs could have a significant impact on both consumers and retailers alike – totting up consumer price tags and further squeezing retail margins,” said Bob Jones, director at the accountancy firm. ...
Switching your current account – Five minute guide with all you need to know image
....50 a month for each of your first two direct debit payments, minus its monthly £3 fee, with further rewards for home insurance and mortgage customers. It also offers cashback at more than 200 retailers including Boots, Dorothy Perkins, Gap, Miss Selfridge, Matalan, The Body Shop, WH Smith and Waterstones. ...
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
....After six years as chairman of Marks & Spencer, Robert Swannell will take to the podium at an AGM for the final time on Tuesday. The former investment banker will retire in September at a tumultuous time for the retailer. ...
Taylor Swift swan frolic prompts huge expansion in sales of inflatables image
....On Thursday Primark said the inflatables trend had helped it to deliver bumper sales over the past three months as its legion of teen shoppers bought props ranging from £10 unicorns to £1 doughnut-shaped floating cup holders to use as social media props. The retailer said its range of floaties had generated an “incredible response”, with a handful of products gathering almost 300,000 likes on Instagram. ...
Primark's sales soar as shoppers snap up low-cost summer fashions image
Source : Guardian [Read Article] Thursday 6th of July 2017 04:21:37 PM
....But John Bason, finance director at Primark’s parent company, AB Foods, said the fashion chain had returned to form over the past three months. He said the retailer’s success was helped by the recent good weather and its “value” fashion appealing to increasingly hard-up Britons as inflation bites. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....Ashley is defending himself against allegations that during a “night of heavy drinking” in January 2013 he agreed to pay Blue £15m if Sports Direct’s shares doubled to £8. The shares did hit £8 but have since collapsed, in part because of reputational damage caused by a Guardian investigation that revealed the retailer was in effect paying staff in its warehouse less than the minimum wage. ...
Butter could cost more by Christmas, Arla boss warns image
Source : BBC [Read Article] Thursday 6th of July 2017 06:33:10 AM
....A spokesman for industry body Dairy UK said there had been "significant increases" in wholesale prices for butter and cream recently. It added: "To what degree price increases are transmitted to consumers is a matter for retailers. ...
How an 'Airbnb for retail' is bringing entrepreneurs back to the high street image
.... Billed as an “Airbnb for retail”, Bailey had the idea after convincing a landlord to let him borrow a shop for a week in 2012 to sell Olympics and Diamond Jubilee merchandise. Other retailers asked him to help organise their pop-ups and he realised the system wasn’t set up to facilitate the growing trend of temporary retail. ...
Sainsbury's AGM faces protests over plan to drop Fairtrade tea image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:07:34 PM
.... At least one campaigner was not able to ask a question at all. “Are you now reasserting the power of the retailer against that of the producer – taking back control – and putting developing world producers back in the subservient role that Fairtrade redeems them from?” said Douglas James, an independent shareholder. ...
Alibaba reveals Echo-like smart speaker image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:05:12 PM
....Alibaba's new product derives its name from the company's e-commerce platform - Tmall - and during a demonstration in Beijing was used to order a delivery of Coca-Cola and buy credit for a phone. Tmall allows local and international retailers to run their own virtual storefronts on its platform and says it is China's third most visited shopping site. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
.... Four Worldpay directors will join the board of the new group, including Philip Jansen as co-chief executive and Sir Michael Rake, BT chairman and former Barclays deputy chairman, in a non-executive role. Launched in 1989, Worldpay provides the technology that allows retailers and other business to accept card payments and online or mobile transactions. ...
Ikea slams the door on its 25-year kitchen guarantee image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:00:06 AM
....We have covered numerous complaints about Ikea fitted kitchens and readers’ difficulties getting satisfaction through its much-lauded 25-year guarantee. The retailer uses Ecomaster as its inspection company – a third party firm, not part of Ikea – which makes us wonder how much control it has over the outcome. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....“I had been going to extreme lengths to resolve this,” Blue told the court. At one point, after weeks of trying to speak to Ashley, Blue recorded a conversation with the retailer. ...
£8bn battle looms for credit card processor Worldpay as rivals circle image
.... A further announcement will be made if appropriate,” Worldpay said in a statement. Launched in 1989, Worldpay provides the technology that allows retailers and other business to accept card payments and online or mobile transactions. ...
US stock glitch: What can you buy for $123.47? image
Source : BBC [Read Article] Tuesday 4th of July 2017 09:39:44 AM
.... . That works out at almost exactly 7,990 rupees, which will get you a Samsung J3 from local online retailer Flipkart. ...
How the wheels came off my complaint to Very image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:00:33 AM
. In January 2015 I bought a Ted Baker suitcase for £294 from online retailer Very. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
....”. Ashley, who munched on Polo mints while listening to Blue give evidence in the high court, is said to have initially offered the banker £10m if Sports Direct’s share price hit £8 per share but raised it to £15m after he said it was a “high target” and pointed out that the retailer’s Sports Direct stake would be worth more than £1. ...
Nisa denies staff annual bonuses despite hitting performance targets image
....For the deal to go ahead, 75% of Nisa’s 1,400 members, who each own between one and 250 shares in the group, must vote in favour of selling the business. These retailers, some of whom run small chains, have historically prized their independence as part of the Northern Independent Supermarket Association (Nisa), formed to help independents fight back against the “insurgence of the national supermarket chains”. ...
Blooming tasty – edible flowers are summer's hottest food trend image
Source : Guardian [Read Article] Friday 30th of June 2017 12:25:37 PM
....Britons are increasingly taking a leaf out of the recipe books of Michelin-starred chefs and Great British Bake Off contestants by using edible flowers in salads, cakes and cocktails. Such is the demand for flowers to colour and flavour dishes that punnets of violas and marigolds are now to be stocked alongside staple fresh herbs such as coriander and basil in your local supermarket, as mainstream retailers look to cash in on what is being billed as the summer’s hottest food trend. ...
Tesco continues savings drive as it cuts 1,200 head-office jobs image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:05:11 AM
....The UK’s largest supermarket chain told staff of the cuts on Wednesday morning. A quarter of staff at offices in Welwyn Garden City and Hatfield face the axe, along with some jobs at the Birmingham head office of Tesco’s One Stop chain and the retailer’s technology and retail support centre in Bangalore, India. ...
Ocado's self-drive vehicle makes deliveries in first UK trials image
Source : Guardian [Read Article] Tuesday 27th of June 2017 04:02:30 PM
....Ocado has sent a self-driving truck trundling through the backstreets of Woolwich, south-east London, as part of the UK’s first trial of autonomous grocery deliveries. The small vehicle, developed by Oxford-based Oxbotica, is spending 10 days delivering food and snacks to Ocado customers who live in the area, to test Ocado’s plans for its “Smart Platform” – a plug-and-play online shopping business that it wants to sell to grocery retailers around the world who hope to compete with the likes of Amazon and Walmart. ...
Net-a-Porter owner opens tech hub in London image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:25:53 AM
....Yoox Net-a-Porter, the Milan-listed parent group, plans to invest more than €500m (£440m) in technology, warehouses and delivery systems in London and elsewhere to double the size of the business by 2020. With a turnover of nearly €2bn, about half from orders made via mobile phones, YNAP is the world’s biggest online luxury fashion retailer. ...
Ice-cream demand fires up supermarket sales in June image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:11:01 AM
.... Sales of ice-cream rose 12% and cider 16%, according to Kantar. “The early summer weather gave supermarkets a much needed shot in the arm,” said Mike Watkins, head of retailer and business insight at analysis firm Nielsen UK, who found that soft drinks were up 9. ...
Asda is named worst supermarket in treatment of suppliers image
Source : Guardian [Read Article] Monday 26th of June 2017 05:49:44 PM
.... It dropped below Morrisons, which was bottom of the list last year, as the Bradford-based chain took action to improve its performance according to a survey of more than 1,200 grocery suppliers by the industry watchdog. About 12% of Asda’s suppliers said the Walmart-owned chain rarely or never complied with the Grocery Supply Code of Practice, which covers dealings by 10 retailers that sell over £1bn of groceries a year. ...
Holland & Barrett sold to Russian billionaire for £1.8bn image
Source : Guardian [Read Article] Monday 26th of June 2017 07:53:35 AM
....8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman. 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. ...
Online shopping: How to tackle parcel delivery problems image
Source : Daily Express [Read Article] Sunday 25th of June 2017 01:54:00 PM
....Despite feeling let down more than half of shoppers did not take any action if their parcel was late, while one in three who received a damaged parcel failed to complain. Worryingly, 40 per cent of those who did report problems ran into difficulty contacting the retailer or delivery company on the phone, the survey of 2,000 shoppers showed. ...
Bond Street: status of UK's most exclusive shopping street under threat image
. The status of Bond Street as the UK’s most exclusive shopping destination is under threat, as one in four retailers on the famous street consider shutting up shop and moving out as a result of high rents and business rates. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....When four Sainsbury’s executives met farmers from some of Africa’s biggest tea-growing co-operatives in a hotel in Nairobi last month it should have been a mutual celebration of Fairtrade, the gold standard of ethical trading and the world’s most trusted and best-known food certification scheme. But instead of backslapping at the Pride hotel, the world’s largest retailer of Fairtrade products precipitated the greatest crisis in the scheme’s 25-year history by telling the 13 major tea groups and their 228,000 co-operative members that it intended to drop the globally known Fairtrade mark for their produce, and replace it with the phrase “fairly traded”. ...
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. ...

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