More on Me + Em – Page 324
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NewsPoundstretcher announces pay rise for employees as inflation soars
Poundstretcher announced that it would give a 10% pay rise to nearly 4,000 employees, effective from April 1.
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DataGrocery food inflation hits record levels as shopping bills surge
Grocery food inflation hit record levels in the month of January, driving already sky-high shopping bills even higher and wiping out any sense of relief shoppers may have felt at the end of 2022.
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NewsTesco makes changes to stores risking 2,100 jobs
Tesco is planning a raft of changes to stores, including closing its remaining counter services and reducing store manager numbers.
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NewsWickes nets strong growth boosted by energy-saving buys
Wickes has posted strong sales growth across the golden quarter as demand for energy-saving products stabilised slowing DIY sales.
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NewsPets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.
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NewsPaperchase faces collapse as solvent rescue hopes fade
Paperchase is on the brink of collapse as hopes of a solvent rescue deal have faded.
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NewsNumber of UK female CEOs hits highest level on record
The number of female CEOs in the UK has risen to its highest ever level, with 13 new female bosses being appointed in 2022.
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NewsMatchesfashion owner injects £60m to revive business under new leadership
Matchesfashion has announced that its owners, private equity firm Apax Partners, are set to invest £60m into the business.
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NewsAsda leverages credit to offer financial support to suppliers
Asda has launched a programme leveraging its credit to provide working capital to suppliers in the face of the cost-of-living crisis.
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NewsFrasers Group launches buy now, pay later scheme on new app
Sports Direct owner Frasers Group has launched a new buy now, pay later scheme via its app, having upped its stake in fashion retailer N Brown.
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NewsAsos partners with Secret Sales to clear stock at discount
Asos has announced a new partnership with Secret Sales to sell a range of its products at a discounted price.
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NewsJD Sports targeted by hackers in cybersecurity breach
JD Sports has warned customers to be vigilant after it was targeted in a cybersecurity hack, which may have exposed its data to fraudsters.
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NewsLidl pledges spend of £4bn with British suppliers this year
Value grocer Lidl is accelerating its spend with British suppliers this year as it positions itself as a champion of national produce.
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Innovation of the WeekInnovation of the Week: On Running launches global running series ‘On Track Nights’
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our analysts
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Retail VoiceThree tips to boost in-store profits in 2023
With a whole succession of record-breaking issues hindering the retail sector, Maze’s Mark Rice examines three ways firms can look to push profits.
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NewsH&M profits plummet due to departure from Russia and rising costs
H&M has blamed its plummeting profits on “negative external factors” including one-time costs as a result of winding down trading in Russia, Belarus and Ukraine, as well as its cost and efficiency programme.
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NewsDreams hires first head of people as it adds to executive team
Dreams has appointed Shelly Dickinson and Emma Long as its new head of people and chief customer officer respectively.
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NewsCostcutter owner Bestway Group takes £200m stake in Sainsbury’s
Bestway Group, which owns c-store chain Costcutter, has taken a £200m stake in Sainsbury’s.
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NewsLVMH reports record year despite economic and geopolitical environment
LVMH achieved a record year in 2022 and remains confident for growth in 2023 despite economic and geopolitical challenges.
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NewsLevi’s sales rise as direct-to-consumer gains momentum
Levi’s has reported a revenue boost for 2022 as its direct-to-consumer sales rise and demand for denim holds up.