All articles by Hugh Radojev – Page 70
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DataData: Retail sales jump in August as customers return to office and social events
Retail sales climbed in August driven by strong formalwear sales as customers returned to the office and socialising.
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NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
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GalleryStore gallery: Johnnie Walker Princes Street flagship opens in Edinburgh
Diageo’s multimillion-pound Johnnie Walker visitor attraction opens its doors to the public today on Edinburgh’s Princes Street.
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NewsAsda sales drop as new owners unveil c-store expansion plans
Grocery giant Asda has reported a dip in second-quarter sales on the day it unveiled expansion plans for its Asda On the Move forecourt store format.
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DataData: Footfall rebounds in August as staycations boost shopper numbers
Footfall in August improved by nearly a quarter, while the gap with pre-pandemic levels closed to less than 20% for the first time since the beginning of the crisis.
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NewsNext boss hits out at ‘insane’ policy blocking temporary foreign lorry drivers
Next boss Lord Wolfson has labelled the government’s immigration policy “insane” and said that retail “desperately needs drivers” in order to stop the ongoing crisis.
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NewsWHSmith warns on future profit uncertainty despite high street and travel rebound
WHSmith said it expects the outcome for the year to August 31 to be ahead of expectation after an uptick in high street and travel trading, yet warned ongoing uncertainty could impact profits in future.
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InterviewInterview: Gail’s boss Tom Molnar on high street survival and sustainable sourdough
The chief executive of high street bakery chain Gail’s Tom Molnar explains how the business has survived the pandemic and how his love of surfing has informed his commitment to sustainability.
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DataData: Fall in shop prices slows as supply chain disruption begins to bite
While shop prices fell in the month of August, deflation eased for the period as experts warned of looming inflation due to wider macroeconomic issues, such as the ongoing supply chain issues.
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GalleryElectric go-karts, arts fairs and whisky tours: Six innovative uses for empty department stores
The department store format has suffered badly over the last five years, with the vast majority of stores which have closed still standing empty. Retail Week looks at six innovative uses of former department store space both from the UK and internationally.
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NewsEG Group profits and sales soar as it eyes Leon expansion
EG Group has reported soaring profits and sales for its second quarter, driven by strong trading in its grocery branch and the continued growth of its foodservice arm.
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NewsWalmart launches GoLocal delivery service for third-party retailers
US giant Walmart has launched GoLocal, a third-party delivery service allowing other retailers to tap into its delivery infrastructure.
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AnalysisHFSS SOS: How grocers can withstand a legislative earthquake
The raft of new legislation around high fat, salt and sugar (HFSS) products could mean ‘the end of impulse shopping’. Retail Week looks at how grocers will be affected and how they can navigate the new rules
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NewsMorrisons pension trustees warn of risks around potential takeover
The takeover offers for Morrisons could “potentially weaken” the security of the supermarket’s pension schemes if no additional protections are offered, according to its trustees.
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NewsRetail bosses demand better protection for frontline staff
Retailers are calling on the UK government to follow Scotland’s example of enshrining better protections for frontline staff into law.
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NewsOcado under fire over on-demand driver wages
Pureplay grocer Ocado has come under fire after it emerged that some of the its Zoom on-demand delivery drivers make less than £5 an hour.
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NewsUK government rejects temporary EU visas to ease driver shortages
The UK government has rejected industry calls to issue temporary visas to European truck drivers to ease the shortages which have played havoc with supply over the last few months.
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NewsSainsbury’s braces for bid as American investors circle
The UK’s second largest grocer Sainsbury’s is reportedly being targeted for a takeover by an American private equity firm, amid mounting mergers & acquisitions in the grocery space.
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AnalysisAnalysis: How do CD&R and Fortress’ rival visions for Morrisons compare?
As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
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GalleryStore gallery: Russian discounter Mere takes off with first UK store
Mere, the discount supermarket chain that claims to be the ‘Russian Lidl’, has opened its first ever UK store in Preston, Lancashire.