All articles by Hugh Radojev – Page 49
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GalleryStore gallery: B&Q opens Local c-stores in high street push
DIY specialist B&Q has opened its first two smaller-format Local convenience stores as it plans to sharpen its focus on the high street.
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NewsExclusive: B&Q severs Asda partnership to focus on smaller-format stores
B&Q has decided to end its partnership with Asda and close eight concessions around the country to instead focus on rolling out smaller-format, high street fascias.
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NewsCompetition watchdog launches review into supermarket pricing
The Competition and Markets Authority (CMA) is launching a review into supermarket pricing to ensure that retailers are sticking to rules that help shoppers accurately compare products.
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DataGrocery food inflation hits record levels as shopping bills surge
Grocery food inflation hit record levels in the month of January, driving already sky-high shopping bills even higher and wiping out any sense of relief shoppers may have felt at the end of 2022.
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NewsDunkerton: Free trade deal with EU key to breaking inflationary cycle
The boss of Superdry has said he believes that striking a free trade deal with the European Union is key to breaking the UK out of its current inflationary cycle.
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NewsMorrisons profits come in at top end of guidance despite slump
Morrisons has reported a slump in full-year profits and sales but said adjusted EBITDA will come in at the top end of guidance in the third quarter.
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NewsAsda owners weigh up £12bn merger with EG Group petrol stations
Billionaire brothers Mohsin and Zuber Issa are exploring a merger of Asda and their petrol forecourt empire.
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NewsHotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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NewsDeliveroo profits break even despite dwindling order volume
Deliveroo has taken a step towards profitability, having broken even on EBITDA, despite dwindling order numbers across its UK and international businesses.
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NewsDunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.
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NewsBoohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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NewsCMA launches inquiry into £600m Asda forecourt c-stores deal
The Competition and Markets Authority (CMA) has launched an inquiry into Asda’s proposed £600m acquisition of 129 Co-op forecourt convenience stores.
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NewsAldi increases base rate of pay for warehouse workers
Discounter Aldi has raised the base rate of pay for its warehouse workers by 20%, following on from an increase for store staff earlier in the month.
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NewsWHSmith in ‘strongest ever position’ as international travel opens up
WHSmith is in its “strongest ever position as a global travel retailer” after travel revenues across its UK and international travel businesses soared.
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NewsCurrys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
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AnalysisAnalysis: After festive footfall miracle, is bricks-and-mortar having a renaissance?
As a fuller picture of Christmas trading begins to take shape, it is emerging that retailers with stores fared better. Is bricks-and-mortar back for good, or will a new year bring new headaches?
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NewsDFS reiterates profit guidance after strong start to the year
Furniture specialist DFS has reiterated its full-year profit guidance and hailed a strong start to winter trading, having spent much of last financial year struggling with low customer demand.
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AnalysisAnalysis: How retail confounded the doom and gloom to achieve a very merry Christmas
As soon as retailers’ Christmas updates started coming in, it was clear that something unexpected had happened – the festive season had been better than anticipated for many
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AnalysisAnalysis: After a bumper Christmas, is Argos finally back to its best?
Argos was the surprise star performer for Sainsbury’s over Christmas, driving strong general merchandise sales growth. After years of underperformance, is Argos back at its best?
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NewsSainsbury’s defies inflationary gloom to deliver ‘best possible Christmas’
Sainsbury’s has raised full-year profit expectations after reporting a jump in sales across its core grocery and Argos businesses during the festive period.