All articles by Hugh Radojev – Page 43
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NewsNext increases full-year profit guidance as sales jump
Next has increased its full-year guidance for group profit before tax by £10m, following a “much better than expected” period of full-price sales.
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NewsIceland reviews Holiday 1p Helpers with new items for summer
Frozen food specialist Iceland has brought back its 1p online sale for the summer holidays to help customers through the cost-of-living crisis.
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NewsGreggs boss warns higher prices are baked in
Greggs chief executive Roisin Currie has said that while the retailer is seeing inflation coming down, she expects higher prices will remain indefinitely.
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NewsShoplifters who commit repeat offences threatened with prison
Shoplifters, thieves and violent people who commit repeated offences could be handed mandatory prison sentences under plans being mulled by the government.
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NewsShop price inflation falls to lowest levels in a year during July
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
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NewsAmazon closes first ever UK Just Walk Out store
Amazon has closed its first ever checkout-less Just Walk Out store in west London after just over two years of operation.
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NewsWickes rolls out share buyback programme
Wickes has launched a £25m share buyback programme to return “surplus cash” to shareholders after improved second-quarter trading.
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NewsHarrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.
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NewsIceland invests £26m in slashing prices on 500 items
Frozen food specialist Iceland has invested £26m in slashing prices on 500 “weekly shop items” and in putting a third of its entire range into its “mix and match” multibuy offering.
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NewsNisa partners with on-demand delivery firm Just Eat
Nisa has launched a tie-up with Just Eat to launch an on-demand online delivery partnership.
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NewsBurberry sales jump as core categories perform strongly
Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.
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NewsSuperdrug profits surge off the back of strong own-brand product performance
Superdrug has reported surging profits and sales off the back of improved footfall, successful own-brand product launches and a strong Christmas performance.
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NewsWaitrose launches on-demand delivery service on Uber Eats
Waitrose has partnered with Uber Eats to launch a grocery delivery service on the platform.
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NewsMorrisons to stock Savers products in c-stores
Morrisons has become the first supermarket chain to stock entry-level products on convenience store shelves.
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InterviewInterview: AllSaints boss Peter Wood has finally found the meaning of cool
AllSaints CEO Peter Wood talks to Retail Week about the secrets of fashion success, thriving as a British brand overseas and his IPO dreams
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NewsMorrisons closes Bradford packing plant putting 450 jobs at risk
Morrisons plans to close a packing plant in its home city of Bradford as part of cost-cutting measures, putting 450 jobs at risk.
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NewsCompetition watchdog fines Asda for failing to comply with fuel inquiry
The Competition and Markets Authority (CMA) has fined Asda £60,000 and named Morrisons for targeting higher fuel margins, as it sets out its plan to drive down fuel prices.
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NewsMulberry rebuffs Sports Direct Ashley’s boardroom bid
Luxury fashion brand Mulberry has rejected a bid from Mike Ashley to join its board of directors, as the former Frasers chief executive continues to hoover up stakes in various retailers.
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NewsTesco appoints City veteran to replace John Allan as chair
The UK’s largest grocer Tesco has hired Burberry chair Gerry Murphy to replace John Allan, who stepped down from the retailer after allegations of inappropriate behaviour.
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AnalysisExclusive survey: 75% of consumers believe supermarkets profiteering
Despite the protestations of the big supermarkets about falling profits and investment in price, our new consumer survey shows that shoppers feel grocers are profiteering during this ongoing period of high inflation