All articles by Hugh Radojev – Page 11
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News
Walmart raises profit outlook as US consumers focus on value
US retail giant Walmart raised its profit outlook on Thursday, as stubbornly high prices and customer flight to value saw it grab market share in grocery and general merchandise.
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News
Costco targets new UK stores as part of major expansion
Value retailer Costco has targeted 14 new UK stores over the next two years, as part of a major UK expansion.
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News
BRC warns failure to act on business rates will add £400m ‘additional pressure’
The British Retail Consortium has welcomed falling inflation but warned the government risks adding £400m additional pressures on prices without business rates freeze.
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Gallery
Asda unveils new food-to-go format ‘Asda Food Hub’
Supermarket giant Asda has unveiled a new food-to-go store concept, designed to drive footfall by “providing great quality food-to-go options at an affordable price”.
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News
Asda credits focus on value for sales jump
Supermarket chain Asda has reported a 9.6% increase in like-for-like sales, which it credited to its “continued focus on value”.
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News
Grocery sales tick up as food inflation falls again
Grocery sales were steady in August as stubbornly high prices for food fell for another month.
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News
B&M and Poundland in running to save Wilko
Value retailers including B&M and Poundland are eyeing possible bids for struggling retailer Wilko after it fell into administration.
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News
Pandora ups sales guidance amid strong growth
Jewellery specialist Pandora has updated its full-year revenue guidance after driving robust growth in the second quarter of the year.
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News
Marks & Spencer upgrades profits as sales grow
M&S has upgraded its profit outlook after growing market share in its clothing and home and food businesses.
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News
Wilko on brink of administration
Embattled retailer Wilko has filed a notice of intention to appoint administrators after failing to find investment.
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News
ScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
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News
Pets at Home customer numbers grow as revenues spike
Pets at Home has reported an increase in “active VIP” customers and a jump in both total and group like-for-like sales.
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News
Next increases full-year profit guidance as sales jump
Next has increased its full-year guidance for group profit before tax by £10m, following a “much better than expected” period of full-price sales.
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News
Iceland reviews Holiday 1p Helpers with new items for summer
Frozen food specialist Iceland has brought back its 1p online sale for the summer holidays to help customers through the cost-of-living crisis.
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News
Greggs boss warns higher prices are baked in
Greggs chief executive Roisin Currie has said that while the retailer is seeing inflation coming down, she expects higher prices will remain indefinitely.
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News
Shoplifters who commit repeat offences threatened with prison
Shoplifters, thieves and violent people who commit repeated offences could be handed mandatory prison sentences under plans being mulled by the government.
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News
Shop price inflation falls to lowest levels in a year during July
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
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News
Amazon closes first ever UK Just Walk Out store
Amazon has closed its first ever checkout-less Just Walk Out store in west London after just over two years of operation.
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News
Wickes rolls out share buyback programme
Wickes has launched a £25m share buyback programme to return “surplus cash” to shareholders after improved second-quarter trading.
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News
Harrods unveils plans for first private members’ club in Shanghai
Luxury department store Harrods has unveiled plans to open its first-ever private members’ club in Shanghai, China, by the end of the year.