All articles by Hugh Radojev – Page 52
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NewsMulberry swings to loss in face of increased costs
Global handbag and accessories retailer Mulberry has swung to a loss as it grapples with factors such as the end of government Covid-19 support and the cost-of-living crisis.
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News‘Bleak winter’ ahead as inflationary shop prices break new records
With shop price inflation showing no signs of slowing down heading into the final month of the year, the British Retail Consortium has predicted an “increasingly bleak” winter for retail.
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AnalysisAnalysis: What does shopper behaviour on Black Friday mean for Christmas?
From surprisingly strong in-store results to the rise of the indies, shopper behaviour this Black Friday has produced some key lessons for retailers ahead of Christmas
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NewsExclusive: Wilko starts tough year on back foot with loss
Wilko swung to a loss at the beginning of the year, as the tail end of lockdowns, supply chain disruption and plummeting consumer demand all took their toll.
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NewsBlack Friday sales ‘go gangbusters’ as shoppers splurge on deals
Brits smashed transaction records on Black Friday as cash-strapped consumers splurged on deals despite the cost-of-living crisis.
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GalleryFirst look: H&M puts sustainability at centre of Regent Street revamp
H&M has reopened its Regent Street flagship with new in-store services and a broader focus on sustainability and the circular economy
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NewsHalfords hails resilient performance despite profit slump
Halfords boss Graham Stapleton has hailed his business’ resilience in the face of the cost-of-living crisis, despite underlying profit falling in the first half.
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NewsPets at Home profits fall due to increased costs of energy and freight
Pets at Home has blamed rising energy and freight costs for a slump in profit before tax, but has not changed its full-year guidance as customer levels remain strong.
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NewsJoules makes senior team redundancies following administration
Embattled fashion brand Joules has made several senior directors redundant, just a week after it collapsed into administration.
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NewsHalf of customers set spending limits for Christmas presents
Half of UK customers are setting themselves spending limits on Christmas presents for children and partners this year as inflation continues to run rampant.
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NewsTesco offers staff pay advances to help with cost-of-living crisis
Supermarket giant Tesco is offering staff advances in their pay to help them navigate key debt deadlines amid the ongoing cost-of-living crisis.
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NewsGovernment announces transitional relief scheme for business rates
The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.
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NewsBurberry unveils new British brand focus as profits and sales grow
Burberry has said it will refocus its branding on its British heritage under chief creative officer Daniel Lee, as sales and adjusted profits grew in the first half of the year.
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NewsLidl profits soar as customers switch millions of pounds to discounter
Lidl profits and sales have soared as deepening food inflation and the worsening cost-of-living crisis have seen hundreds of thousands of customers a week making the switch from supermarkets to the discounter.
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NewsJoules collapses into administration putting 1,600 jobs at risk
Fashion retailer Joules has collapsed into administration just days after talks over financing broke down putting 1,600 jobs at risk.
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AnalysisWhere do humans fit into Amazon's new age of robotics?
Once the preserve of science fiction, US tech giant Amazon is working hard to herald the age of robots. What do these latest innovations mean for the future of fulfilment and the people who work in it?
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NewsAmazon plans 10,000 job cuts as Bezos warns of US recession
Tech giant Amazon is reportedly planning to shed 10,000 jobs in its corporate and technology divisions as founder Jeff Bezos warned US businesses should “batten down the hatches”.
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NewsWilko sells £48m distribution centre as it battles to shore up balance sheet
Wilko has completed the sale and leaseback of one of its distribution centres as it struggles to shore up its balance sheet after a bruising trading period.
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NewsMorrisons invests £3m in slashing prices on Christmas staples
Supermarket chain Morrisons has slashed the prices of 52 products it says “see a spike in sales” over the festive period, to help customers with the rising cost of living.
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GalleryFirst look: Asda debuts Express standalone convenience store format
Asda has opened its first standalone Express c-store in the West Midlands, signalling a first shot across the bows of competitors in the crowded convenience market