All articles by Hugh Radojev – Page 25
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NewsCMA finds that supermarket loyalty schemes do offer genuine value
The Competition and Markets Authority has ruled that supermarket loyalty schemes do offer customers genuine value for money, following an investigation into claims of price manipulation.
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AnalysisWhat are shellshocked retail c-suites doing to mitigate the Budget?
As anger at the recent Budget turns to, if not quite acceptance, at least reflection, Retail Week looks at how leaders and senior teams might mitigate its effects
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NewsFrasers acquires South African sportswear retailer as it snaps up stake in Marks Electricals
Frasers Group has snapped up South African sportswear retailer Holdsport Group for an undisclosed sum on the same day it took a £3m stake in British brand Marks Electricals.
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NewsIncreasing shop prices herald return of inflation, BRC warns
The British Retail Consortium has warned we are beginning to see the return of inflation due to the measures announced in the Budget, as shop prices rose in October.
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NewsHalfords urges government to reform apprenticeship levy as sales and profits stall
Halfords has called on the government to urgently reform the apprenticeship levy, as sales and profits trended down in the first half.
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NewsAO upgrades guidance again as profits and sales soar
Electricals giant AO has again upgraded its full-year guidance as both profits and sales soared in the first half.
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NewsConsumer confidence rises as public has ‘moved past’ Budget impacts
Consumer confidence has risen three points in November, as the public moves on from the “potentially worrying impact” of the Budget and Trump’s election in the US.
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NewsHMV suspends new store openings following Budget tax raid
HMV has become one of the first retailers to publicly suspend new store openings across the UK, saying the Budget has made the environment too risky to invest.
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NewsFrasers demands that Boohoo chair Kamani is replaced by Mike Ashley
In the latest escalation of the public war of words between the two retailers, Frasers has this morning publicly called for Boohoo founder and chair Mahmud Kamani to step down.
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NewsDeliveroo has called for riders to be protected from abuse in crime bill
Deliveroo is calling on the government to include its riders in the upcoming Crime and Policing Bill to protect them from abuse and violence from customers.
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NewsRetail leaders call on government to ‘mitigate harmful effects’ of Budget
Leaders from across the sector have signed a letter calling on the government to phase in changes to national insurance contributions to ease the burden on the retail from the Budget.
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NewsHuel posts record sales and triples profits in year of ‘strengthening our foundations’
Huel’s sales for the 2024 financial year surged past £200m for the first time, as its profits more than tripled to £13.8m in the year. It also completed construction of its in-house manufacturing facility in Milton Keynes.
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NewsMorrisons pays down debt and extends revolving credit facility
Supermarket giant Morrisons has announced it has paid down a further £200m of debt and extended the maturity of its revolving credit facility to 2030, reducing its overall levels of debt.
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DataConsumer research: retailers should get set for a bumper Black Friday and bright Christmas
New consumer data from YouGov shows that customers are getting back into the Christmas spirit in 2024.
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NewsLidl increases investment in British made food to £21bn
Discounter Lidl says it is “on track” to increase its investment in British food to £21bn by the end of the year, exceeding its original five-year target by 40%.
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AnalysisAre job cuts, store closures and inflation really inevitable after Labour’s Budget retail ram raid?
From “disappointing” to “clobbered”, the retail backlash to last month’s Budget has only grown with every passing day. The next question is what the sector will do in response?
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NewsBritish Retail Consortium warns Reeves of ‘inevitable’ job losses and price rises due to Budget
The British Retail Consortium has written to chancellor Rachel Reeves warning that her national insurance raid in the recent Budget will inevitably lead to job losses in the sector and an increase of prices for consumers.
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NewsWHSmith profits and revenues soar as travel business takes off
WHSmith has reported increases in profits and revenues, driven by strong performances by its travel businesses in the UK and around the globe.
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NewsBoohoo calls on shareholders to reject Frasers’ proposals as losses deepen
Boohoo has this evening called on its shareholders to vote against all the proposals set out by Frasers, insisting its existing board can turn the ship around even as its losses deepened in the first half.
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NewsThe Range owner completes acquisition of Homebase
CDS Superstores, the owner of The Range and Wilko, has completed its acquisition of Homebase’s brand name, intellectual property, and up to 70 of its UK stores.