All articles by Hugh Radojev – Page 58
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NewsTransitional relief will cost retailers £1bn as Frasers boss calls for ‘hard and deep’ cuts
The British Retail Consortium has warned transitional relief could cost retail £1bn over the next three years, as Frasers boss Michael Murray called for drastic government action.
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NewsM&S buys logistics provider Gist for £145m to accelerate transformation
Marks & Spencer has purchased logistics provider Gist as it bids to take control of its end-to-end food supply chain
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NewsSainsbury’s launches £1m incubator for Black-led food and drink start-ups
Grocery giant Sainsbury’s has launched a first-of-its-kind, £1m incubator programme to help nine Black-led food and drink start-ups “scale up to supermarket-level distribution”.
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AnalysisDeep dive: After Bank of England’s horror warning, is your business recession-ready?
Soaring energy prices, growing inflation and nose-diving consumer confidence present a perfect storm for retailers in 2022. What can be done to weather it?
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NewsMorrisons faces CMA probe into McColl’s rescue bid
The UK’s competition watchdog has launched an investigation into the takeover bid for convenience specialist McColl’s by supermarket giant Morrisons.
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NewsUK on verge of dairy shortages warns Lurpak owner
The UK is facing the prospect of a shortage of dairy products as a lack of workers has forced farmers to slash production, the country’s biggest milk and butter producer has warned.
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NewsJoules drafts in KPMG for help as cost-of-living crisis bites
Joules has drafted in advisors from KPMG to help improve profitability, cash flow and liquidity as the cost of living crisis has leached away consumer demand.
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NewsApple’s UK stores paid only £800,000 in tax despite surging sales
Apple’s retail division paid just under £800,000 to HMRC, after utilising a stock option scheme loophole to minimise its tax burden.
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NewsAsda says children can eat for £1 at cafes in response to cost-of-living crisis
Asda has announced that children can eat a hot meal at one of its cafes for £1 as the cost-of-living crisis deepens.
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NewsJD Sports appoints Andrew Higginson as new chair
Fashion giant JD Sports has announced the appointment of former Morrisons non-executive Andrew Higginson as the new chair of the group.
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NewsSainsbury’s defends staff pay after living wage resolution fails at AGM
Sainsbury’s has said it needs to be able to make all business investment decisions independently, following the failure of a living wage resolution bought by several investors.
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NewsTesco squares up to Mars Petcare in fresh supplier standoff over price
Tesco has become embroiled in its second major supplier spat in a month and has pulled Mars Petcare products from shelves while it renegotiates on price.
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NewsAO launches £40m share placing after insurer cuts cover
Pureplay electricals giant AO is aiming to raise £40m through a share placing weeks after its credit insurance for suppliers was cut.
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AnalysisAnalysis: Sainsbury’s boss Roberts’ key takeaways on inflation, suppliers and staff pay
Sainsbury’s chief executive Simon Roberts faced questions on everything from inflation and supplier relationships, to staff pay and Argos’ ongoing underperformance as he presented details of first-quarter trading to the media this week.
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NewsMorrisons blames ‘very challenging’ trading environment for sales drop
Supermarket giant Morrisons has blamed surging inflation and subdued customer sentiment for a drop in second-quarter sales.
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NewsOne-off lease disposal and surging sales behind jump in Mulberry profits
Mulberry has reported a jump in profits off the back of a one-off lease disposal and surging sales in the UK and Asia Pacific markets.
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NewsMoonpig sales and profits drop in first full year results since float
Moonpig has reported falling sales and profits in its first full-year results since it floated on the London Stock Exchange.
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NewsShop prices soar as inflation hits highest rate since 2008
Shop prices have soared across all the metrics with inflation hitting the highest point in 14 years, with consumers facing the biggest cut in income since the 1970s.
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NewsThree-quarters of consumers to cut Christmas spending due to cost-of-living crisis
More than three-quarters of customers are planning to reduce their spending on Christmas this year, with the cost-of-living crisis only set to deepen as the year goes on.
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NewsExclusive: Freshly Cosmetics shutters Carnaby Street store after six months
Spanish beauty brand Freshly Cosmetics has closed its store on Carnaby Street, London, after just six months of trading.