All articles by Hugh Radojev – Page 25
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NewsSainsbury’s boss warns government of heaping more costs on retail with rates reform delays
Sainsbury’s chief executive Simon Roberts has joined the chorus of larger retail business bosses in warning the government its business rates reform delays will cost them more money.
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InterviewQ&A: Tesco boss on customer sentiment, Christmas and dealing with increased costs
On a day that Tesco delivered the results of its “biggest ever Christmas”, chief executive Ken Murphy and chief financial officer Imran Nawaz spoke to the press about how customers behaved during the busy festive period, and how the grocery giant will deal with mounting costs.
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NewsTesco sales jump as boss Murphy hails ‘biggest ever Christmas’
Tesco has delivered a jump in sales as boss Ken Murphy said the grocer’s focus on investing in value, quality and service led to it delivering its “biggest ever Christmas” trading period.
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NewsThe Range has confirmed the locations for new superstores following Homebase acquisition
The Range owner CDS Superstores has confirmed the next wave of openings for its new superstores, following its acquisition of Homebase.
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NewsUniqlo, Gymshark and Lush have stopped hiring through gig economy apps
Uniqlo, Gymshark and Lush, have stopped using freelance retail workers through apps, after facing fierce criticism from unions.
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NewsAldi hails ‘best ever’ Christmas as customers trade up
Discounter Aldi has recorded its best-ever Christmas and said customers marked the festive season by trading up to premium own-label products.
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NewsShein and Temu summoned to face MPs over employment rights
Fast-fashion giants Shein and Temu are set to be grilled by a parliamentary committee as part of an ongoing probe into employment rights.
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NewsBrompton boss says bike industry ‘in turmoil’ as profits nearly wiped out
The chief executive of Brompton has said the industry is “in turmoil” and predicted that 2025 will be another tough year after profits nosedived.
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NewsOcado bolsters health offering with Holland & Barrett partnership
Ocado has partnered with health retailer Holland & Barrett to sell a selection of health and wellness products on its ecommerce platform.
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NewsAsda and Morrisons kick off new year with price cuts on hundreds of products
Supermarket giants Asda and Morrisons have both kicked off the new year by rolling out price cuts across thousands of products.
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NewsFootfall has peaked at just the right time for retailers in the run-up to Christmas
Christmas might not have come early for retail but it is at least coming, with footfall predicted to soar over the last weekend before the big day.
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NewsBestway turns to CVA for some stores as it reaches impasse with landlords
Bestway Group has reportedly turned to a company voluntary arrangement (CVA) for some of its off-licences, after reaching an impasse with landlords over leases.
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NewsUK inflation climbs to highest levels seen since the start of the year
Inflation across the UK hit its highest level seen since March, as surging petrol and clothing prices drove up costs in November.
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NewsKingfisher has sold its Brico Dépôt Romania business
Kingfisher has agreed to sell its Brico Dépôt Romania business, after what it described as a “competitive process” to find a bidder.
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NewsShoe Zone will close stores and slash jobs after profit warning
Struggling footwear retailer Shoe Zone has issued a profit warning and said it plans to close “a number of stores” due to increased costs related to the Budget.
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NewsLandsec snaps up majority stake in shopping centre for £490m
Landsec has snapped up a majority stake in shopping centre Liverpool One in a deal worth £490m.
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NewsRetail sheds 225,000 jobs in five years with Budget heaping on further pain
The sector shed over 225,000 jobs over the last half a decade, with the Budget set to heap further pain on retailers, warns the British Retail Consortium (BRC).
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NewsLush and Gymshark top list of retailers accused of hiring young Christmas staff without rights
Unions have accused a host of retailers of utilising social media apps like TikTok to draft in young staff on gig contracts without basic employment rights in the run up to Christmas.
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NewsUK businesses slashing staff at fastest rate in years after Budget
UK businesses are slashing staff numbers at the fastest rate since the global financial crisis, according to a new survey which blames the government’s October Budget.
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NewsSainsbury’s has opened its first airport store
Grocery giant Sainsbury’s has said it will target more openings in travel hubs across the UK after opening its first airport store.