All articles by Hugh Radojev – Page 56
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NewsJohn Lewis unveils one-off cost-of-living payment as losses widen
The John Lewis Partnership has authorised a one-off cost-of-living payment bonus and free food over the winter for staff as its losses deepen.
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NewsDFS profits plummet as supply chain issues and inflation take toll
DFS profits have plummeted as the retailer blamed supply chain issues, double-digit inflation and staff shortages for the slump.
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NewsWickes profits slip but full-year guidance remains unchanged
Wickes adjusted profits have slipped despite a marginal increase in sales, although the retailer’s full-year guidance remains unchanged.
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NewsTHG appoints new non-executive directors as losses deepen
THG has drafted in new non-executive directors (NEDs) to improve its ongoing corporate governance issues as its operating losses widened and its profits more than halved.
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AnalysisBig four no more: What next for UK grocery as Aldi overtakes Morrisons?
After years of incremental growth, Aldi has finally overtaken Morrisons in UK grocery market share and ended decades of the ‘big four’. What does this seismic moment mean for grocery in the long term?
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NewsAldi leapfrogs Morrisons for first time as big four supermarket era ends
The era of the traditional big four supermarkets has come to an end with Aldi overtaking Morrisons in terms of grocery market share for the first time.
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NewsHotel Chocolat closes US website as it pulls out of country to focus on UK
Hotel Chocolat has closed its US website months after closing stores in the region to focus instead on its home market
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NewsMorrisons eyes ‘swift conclusion’ to McColl’s acquisition following CMA investigation
Morrisons has welcomed the Competition and Markets Authority (CMA) finding that only a small number of local areas could face competition concerns from its acquisition of former convenience store chain McColl’s.
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NewsRetail and energy chiefs set for crunch talks as cost crisis worsens
Retailers and representatives from the UK energy industry are preparing for crisis talks later this month as fears grow over looming price rises.
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NewsTesco and Pret a Manger end supermarket concessions partnership
UK grocery giant Tesco and Pret a Manger have ended their in-store concessions partnership trial after just over a year.
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NewsDeliveroo gears up for Supreme Court battle over workers’ rights
Deliveroo is preparing for a battle in the Supreme Court after being challenged by a gig economy union over how it treats its riders.
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DataSales growth slows as retailers prepare for ‘tough time ahead’
Sales for the month of August slowed as consumers reined in spending and inflation pushed up costs to historic highs.
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AnalysisRetail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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NewsDiscount grocery start-up Motatos raises £33m for UK expansion
Sweden-based discount ecommerce grocer Motatos has raised £33m in its latest round of seed funding with plans to expand its operations in the UK and Germany.
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NewsNotonthehighstreet promotes from within to replace departing chief executive
Notonthehighstreet has promoted from within in order to replace departing chief executive Claire Davenport.
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Opinion‘Asda is hitting the road in convenience retailing – the £600m Co-op deal proves it’
Both Asda and the Co-op have gained from the sale of the latter’s petrol forecourts to the big-four grocer, but one looks more likely to benefit in the long term than the other, writes Hugh Radojev
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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Analysis‘The days of cheap food are over’ – how food security concerns are fuelling higher prices
With the entire UK state fraying at the seams, surging energy prices, war in Europe and heatwaves have exacerbated worries about the country’s long-term food security
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NewsGovernment fears energy blackouts could lead to empty supermarket shelves
The government has reached out to supermarket leaders to gauge what effect major power outages might have on the UK’s food supply as fears about the energy crisis grow
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NewsMarks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.