All articles by Hugh Radojev – Page 89
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NewsCo-op to invest in prices and tech to ‘stay relevant’ in looming grocery war
The Co-op is set to invest in pricing and customer-facing technology, as boss Steve Murrells pledges to keep the core food business relevant to more price-conscious consumers.
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NewsGovernment extends commercial evictions ban until the end of 2020
The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.
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NewsWaitrose to close three stores and sell one to Tesco
Waitrose is set to close three stores and sell another to Tesco after struggling to make the sites profitable in the long term.
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NewsLego to ditch plastic packaging following customer pressure
Toy giant Lego has confirmed that it will begin phasing out plastic packaging from next year, following pressure from customers over its sustainability record.
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NewsSainsbury’s offers customers Nectar points at Argos for first time
Grocery giant Sainsbury’s has begun offering customers Nectar points when shopping for Argos products.
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NewsThe Hut Group begins trading on London Stock Exchange after successful float
The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.
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NewsNew Look CVA gets green light from landlords saving over 11,000 jobs
New Look has had its company voluntary arrangement (CVA) seeking to move over 400 of its stores on to turnover-based rents approved by creditors, saving over 11,000 jobs.
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NewsOcado struggling with new customer backlog despite capacity increase
Ocado’s chief financial officer has defended the retailer’s response to growing demand for its service, despite saying it was “barely scratching the surface” with regards to its backlog of new customers.
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NewsTesco wades into supermarket price war with two-pronged savings salvo
Supermarket giant Tesco has become the latest grocer to wade into the price war, unveiling sweeping cuts to customers through Clubcard and its Aldi Price Match.
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NewsAldi launches click-and-collect trial as it ramps up digital capabilities
Aldi has launched a click-and-collect trial for staff at one of its stores in the Midlands, with a view to rolling the service out for customers in the “coming weeks”.
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AnalysisAnalysis: The local councils on a mission to revive shopping centres
While shifting customer behaviours and now coronavirus have taken a heavy toll on traditional shopping centre owners, Retail Week looks at the councils and retailers seeking to revitalise these spaces.
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AnalysisAnalysis: Does a new golden age beckon for UK grocers following pandemic?
Morrisons boss David Potts described the first half of the year as the “renaissance of the British supermarket”. Retail Week analyses whether the stats back up his assertion and what it means for the wider grocery market
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NewsMorrisons boss Potts pledges further price cuts in run-up to Christmas
Morrisons chief executive David Potts has pledged that the grocer will make further price cuts in the run-up to Christmas as the effects of the recession continue to bite.
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NewsTiffany sues LVMH after it pulls out of $16bn takeover
The world’s largest luxury group LVMH is being sued by Tiffany after it said it was pulling out of its agreed $16.6bn takeover of the jeweller.
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NewsIceland creates 3,000 new jobs to deal with ecommerce surge
Frozen food specialist Iceland has created 3,000 new jobs to help it cope with the boom in ecommerce demand driven by the coronavirus pandemic.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
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NewsAlibaba targets 2,600 new international brands for Tmall
Alibaba is aiming to add 2,600 new international brands to its Tmall marketplace by Singles’ Day, as the coronavirus has led to “significant growing demand” in China for imported goods.
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NewsBooker chief executive Charles Wilson to step down early next year
Booker chief executive Charles Wilson will stand down after 15 years with the wholesaler in February, Tesco has announced.
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NewsNew Look landlords accuse retailer of inconsistency as CVA teeters
New Look is facing an uphill battle in convincing landlords to vote in favour of its CVA, with many store owners growing increasingly disgruntled about the retailer’s perceived lack of transparency in negotiations.
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NewsMorrisons wades into pricing wars as recession begins to bite
Supermarket chain Morrisons has become the latest of the big four to invest in pricing by slashing prices on more than 400 essential products.