All articles by Hugh Radojev – Page 41
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AnalysisBlack Friday: Retailers confident of festive boost despite consumer caution
After one of the roughest years for consumer confidence on record, retailers are entering the golden quarter on less sure footing than ever.
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NewsAsda poaches Aldi director for head of marketing role
Supermarket giant Asda has poached former Aldi marketing director Adam Zavalis to help “deliver outstanding quality products at incredible prices” for UK consumers.
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NewsBusiness rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
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AnalysisFat Face: What sort of business is Next buying and where does it fit?
Although Next boss Lord Wolfson recently said he was determined not to see the fashion giant become a conglomerate-style “corporate blob”, it has snapped up another retailer.
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NewsTed Baker owner steps in to prop up struggling retailer
Authentic Brands Group, the US-based owner of Ted Baker, has moved to head off a cash crunch at the fashion retailer as the company appointed to run operations struggles to raise financing.
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NewsGrocery prices fall for seventh consecutive month
Grocery prices fell for the seventh straight month in September, bringing some much-needed relief to consumers in the run-up to Christmas, but food inflation is still in double figures.
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NewsRiver Island profits plummet as it struggles with excess stock
Fashion retailer River Island has reported plummeting operating profits for the 2022 financial year as the brand battled to clear excess stock and rising inflation.
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NewsUK consumers cut back on dining out to save for Christmas splurge
Cash-strapped consumers across the UK are reining in on eating out and buying takeaways to save up for what many see will be an expensive festive season.
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NewsGreggs opens first-ever cafe in Sainsbury’s
Greggs has launched its first-ever cafe in a Sainsbury’s supermarket, following on from two petrol forecourt stores earlier in the year.
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NewsCMA investigation puts Amazon and Microsoft under microscope
The UK’s media regulator has referred the country’s £7.5bn cloud computing market to the competition watchdog for an investigation over concerns about Amazon and Microsoft.
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NewsAlibaba investigated over ‘possible espionage’ at logistics hub
The Chinese tech and retail giant Alibaba is being investigated by the authorities in Belgium over possible charges of espionage.
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AnalysisTesco’s Ken Murphy on net zero, retail crime and profiteering accusations
On the day that Tesco posted surging profits and sales, its chief executive Ken Murphy gave his takes on a host of issues facing grocery and the retail sector.
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AnalysisSupermarket sweep: What Aldi and Lidl’s results say about the state of the grocery market
Aldi and Lidl’s 2022 results reveal where the two brands are enjoying similar success and where the pair are out of lockstep.
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NewsTesco chief customer officer Bellini steps down
Tesco chief customer officer Alessandra Bellini is stepping down from her role at the end of September, after nearly seven years with the business.
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NewsPoundland relaunches ecommerce website
Value giant Poundland has relaunched its ecommerce website, offering customers a range of around 3,000 products online.
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NewsAsda boosts tech team as it separates systems from Walmart
Asda has appointed two new senior members of its technology team to help boost the development of a new strategy and lead on its separation from Walmart.
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NewsDunelm profits dip despite year of record sales
Dunelm has pinned a slight reduction in full-year profits on controlling margins during a protracted inflationary period, even as it celebrated record sales.
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NewsExclusive: Discounters and value retailers to be fastest growing grocers in next five years
The discounters Aldi and Lidl and value giant Poundland are set to be the fastest-growing food retailers in the UK over the next five years.
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NewsLidl eyes up former Wilko stores as part of physical expansion plans
Lidl boss Ryan McDonnell said his property team were in “close contact” with Wilko’s administrator about the possibility of snapping up some of its former stores.
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NewsGousto on track for record profits despite cost-of-living crisis
Gousto is on track to post record profits this year despite record food inflation and the cost-of-living crisis, the meal kit box subscription business said.