All articles by Hugh Radojev – Page 42
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NewsLidl swings to loss following ‘significant’ investment on price
Lidl has swung to a full-year loss, despite acquiring over 1 million new customers and its revenues soaring.
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NewsJohn Lewis upgrades profit outlook but delays end of transformation plan
John Lewis has upgraded its full-year financial guidance after narrowing losses and increased sales in the first half, but has delayed implementation of its transformation plan by two years.
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NewsTHG losses deepened by one-off disposal costs
THG operating losses deepened due to a one-off, non-cash charge related to the sale of its loss-making business, but the retailer says the disposal has improved its overall financial guidance.
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AnalysisOne year on from losing fourth to Aldi, is there a way back for Morrisons?
A year on from the seismic shift felt in the grocery market when discounter Aldi overtook supermarket giant Morrisons to fourth place, how are the two businesses tracking?
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NewsGrocery price inflation slips to lowest level in over a year
Grocery price inflation fell to the lowest levels seen in the last 12 months, while take-home grocery sales grew month on month.
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NewsJohn Lewis boss White calls for royal commission to save UK high streets
John Lewis Partnership chair Dame Sharon White has called for a royal commission review into the UK’s high streets, arguing that crime, mass store closures and antisocial behaviour were affecting town centres.
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NewsWilko rescue deal collapses, putting thousands of jobs at risk
A rescue deal for Wilko being worked on by HMV owner Doug Putman has collapsed, leaving the future of thousands of jobs in limbo.
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NewsTesco boss Murphy urges government to stand by net-zero targets
Tesco’s chief executive Ken Murphy has called on political parties to stand by the country’s net-zero commitments and give businesses more confidence to invest in green innovations.
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NewsWalmart raises profit outlook as US consumers focus on value
US retail giant Walmart raised its profit outlook on Thursday, as stubbornly high prices and customer flight to value saw it grab market share in grocery and general merchandise.
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NewsCostco targets new UK stores as part of major expansion
Value retailer Costco has targeted 14 new UK stores over the next two years, as part of a major UK expansion.
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NewsBRC warns failure to act on business rates will add £400m ‘additional pressure’
The British Retail Consortium has welcomed falling inflation but warned the government risks adding £400m additional pressures on prices without business rates freeze.
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GalleryAsda unveils new food-to-go format ‘Asda Food Hub’
Supermarket giant Asda has unveiled a new food-to-go store concept, designed to drive footfall by “providing great quality food-to-go options at an affordable price”.
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NewsAsda credits focus on value for sales jump
Supermarket chain Asda has reported a 9.6% increase in like-for-like sales, which it credited to its “continued focus on value”.
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NewsGrocery sales tick up as food inflation falls again
Grocery sales were steady in August as stubbornly high prices for food fell for another month.
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NewsB&M and Poundland in running to save Wilko
Value retailers including B&M and Poundland are eyeing possible bids for struggling retailer Wilko after it fell into administration.
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NewsPandora ups sales guidance amid strong growth
Jewellery specialist Pandora has updated its full-year revenue guidance after driving robust growth in the second quarter of the year.
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NewsMarks & Spencer upgrades profits as sales grow
M&S has upgraded its profit outlook after growing market share in its clothing and home and food businesses.
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NewsWilko on brink of administration
Embattled retailer Wilko has filed a notice of intention to appoint administrators after failing to find investment.
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NewsScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
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NewsPets at Home customer numbers grow as revenues spike
Pets at Home has reported an increase in “active VIP” customers and a jump in both total and group like-for-like sales.