All articles by Hugh Radojev – Page 59
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NewsAmazon names Doug Herrington as new retail chief executive
Retail giant Amazon has named Doug Herrington as the new chief executive of its retail arm, weeks after the previous boss stepped down.
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Opinion‘Is UK retail’s £2.8bn excess stock timebomb set to be the sector’s next big crisis?’
UK retail is facing a perfect storm of rising costs and plummeting consumer confidence. Could an excess of stock be the final nail in the coffin for many in the squeezed mid-market?
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NewsGrocery inflation hits 13-year high costing customers an extra £380 a year
Grocery inflation has hit a 13-year high in the month of June, with food bills on course to increase by an average of £380 a year for customers.
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News‘The worst is yet to come’ on food prices warns ex-Sainsbury’s boss
Former Sainsbury’s chief executive Justin King has warned consumers “the worst is yet to come” on food prices amidst warnings that doubledigit inflation could last for more than a year.
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NewsBoots deal in the balance as banks stop lending
The long running auction for Boots is in danger of imploding as the ongoing cost-of-living crisis spooks prospective buyers and debt markets freeze up.
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NewsPrimark launches first ecommerce foray with click-and-collect trial
Primark is moving into multichannel retailing with the launch of its first-ever click-and-collect trial later in the year.
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AnalysisAnalysis: Basket sizes shrink and customers trade down at Tesco as cost-of-living crisis worsens
While Tesco delivered a steady set of first-quarter results, boss Ken Murphy is braced for worse to come this year as he outlined changing customer behaviour in response to soaring costs.
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NewseBay European boss poached by Asda owner TDR Capital
The head of eBay Europe, Rob Hattrell, is leaving the marketplace giant to join private equity firm and Asda co-owner TDR Capital in the autumn.
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NewsH&M sales jump as post-pandemic recovery marches on
H&M has continued its post-pandemic recovery with sales across all markets jumping 12% in its second quarter.
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NewsWHSmith sales soar ahead of pre-pandemic levels as travel recovers
WHSmith has reported sales ahead of pre-pandemic levels for the first time as revenues soared off the back of a strong recovery in travel.
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NewsAsda reshuffles senior management pack after KFC poaches director
Asda has reshuffled its senior management team after KFC poached its chief customer officer Meg Farren.
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NewsMorrisons increases basic pay for all UK staff to £10.20 an hour
Morrisons has increased its base pay rates for frontline staff to £10.20 an hour across the whole UK, making it the highest-paying supermarket in the country.
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NewsCD&R clears final hurdle for £7bn Morrisons acquisition
Clayton, Dubilier & Rice (CD&R) has been given the all-clear to complete its £7bn acquisition of Morrisons after the competition watchdog agreed to its offer to sell some petrol forecourts.
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NewsAO scraps German business following strategic review
Electrical goods etailer AO.com has taken the decision to close its German business after eight years of trading, following a strategic review into its performance.
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NewsJohn Lewis names first three locations for house-building scheme
John Lewis has confirmed the first three locations for its build-to-rent scheme as it aims to build 10,000 homes by 2030.
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NewsQuarter of UK households turn to second-hand market to beat cost-of-living crunch
New data shows that nearly a quarter of UK households are looking to the second-hand or resale markets as they look to deal with steepling costs driven by rampant inflation.
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NewsPlatinum jubilee drives footfall bounce as grocers report strong trading
The extended platinum jubilee bank holiday was a boon for retail footfall, as some grocers reported strong sales in alcohol and commemorative food products despite the cost-of-living crisis.
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GalleryStore gallery: H&M and Ikea open first Atelier100 store in London
Swedish fashion giant H&M and Ikea’s largest franchisee Ingka Group have collaborated to open the first Atelier100 store at the Livat shopping centre in Hammersmith, west London.
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NewsIncidents of violent crime and abuse of retail staff trebled during pandemic
Incidents of abuse and violent crime towards frontline retail workers trebled during the first year of the pandemic, despite vast swathes of bricks-and-mortar stores being closed.
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NewsAuthentic Brands Group moves into pole position to buy Ted Baker
The US-based Authentic Brands Group has emerged as the frontrunner to win the battle for Ted Baker and is being advised by Bank of America on a £300m deal.