All articles by Hugh Radojev – Page 26
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NewsPeel Hunt downgrades profit forecasts for six retailers due to Budget impact
Investment bank Peel Hunt has downgraded its profit forecasts for six retailers, including struggling fast fashion player Boohoo and cycling and motoring specialist Halfords, due to the effects of changes to national insurance made in the recent Budget.
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GalleryMajestic Wine opens new store at The Range’s head office
Majestic Wine has teamed up with The Range to open its first store in Plymouth at the value retailer’s head office.
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VideoTesco’s gingerbread-filled Christmas ad debuted during Great British Bake Off
Tesco’s festive ad for 2024 will debut on TV later tonight, centred around “helping feed your Christmas spirit”.
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NewsSupermarket sales hit 2024 highs as inflation creeps up ahead of Christmas
Take-home sales at the grocers hit their highest point of the year, even as inflation began to inch up in the run-up to the all-important Christmas period.
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NewsAsda appoints new interim ecommerce boss bringing over two decades of expertise
Asda has today announced the interim appointment of Barney Burgess as vice president of online, as it waits for David Devany to join the business later in 2025.
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Opinion‘Grocers’ Budget anger is understandable, but passing on the pain to consumers would be unforgivable’
The supermarkets have led an uncharacteristically brutal retail response to the recent Budget. While grocers have every right to feel aggrieved, Hugh Radojev writes, they’d do well to have a good hard think before passing costs onto their consumers
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NewsGoPuff launches Aldi price match on 50 essential items in time for Christmas
On-demand delivery brand GoPuff has launched an Aldi price match scheme on 50 essential items just in time for Christmas
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NewsLord Rose: ‘Business has been clobbered’ by the Budget and Trump election will stimulate growth
The defacto interim chief executive of supermarket giant Asda Lord Stuart Rose has joined the chorus of senior retailers slamming the recent Budget as “unhelpful” while being cautiously optimistic about Trump’s election win stimulating economic growth.
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AnalysisBudget backlash: Sainsbury’s boss warns tax rises will lead to higher prices
Despite posting surging profits and sales at the half year, Sainsbury’s boss Simon Roberts became the latest retail boss to warn that Labour’s all stick and no carrot approach to business will lead to higher prices.
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NewsAsda to axe jobs as it forces staff back to the office three days a week
Asda has confirmed it will be slashing jobs and making changes to its hybrid working model in a bid to reverse its decline.
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NewsM&S profits and sales soar as strong food and clothing sales drive growth
Marks & Spencer’s profits and sales have soared, driven by strong sales performances from its food and clothing businesses.
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VideoWaitrose ramps up the star power in bid to crack a Christmas cold case
Waitrose has unveiled the first part of its Christmas ‘whodunnit’, featuring a star-studded cast for its festive season ad campaign.
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NewseBay to open ‘Listings in Lights’ Christmas pop-up
Online marketplace eBay is set to open a pop-up on Tottenham Court Road for two days, offering a range of pre-loved gifts just in time for Christmas.
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VideoM&S doubles down on Dawn French in latest Christmas ads
Marks & Spencer has launched its 2024 Christmas food advert, featuring twice the amount of beloved actor and comedian Dawn French.
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NewsMike Ashley lashes out at ‘desperate’ Boohoo over CEO snub
Frasers owner Mike Ashley has hit out at fashion retailer Boohoo, calling its decision to snub his demand to be made CEO in favour of promoting from within “desperate”.
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NewsSainsbury’s becomes first supermarket to match Aldi prices in c-stores
Sainsbury’s has become the first supermarket in the UK to price-match discounter Aldi across its convenience store estate.
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NewsAmazon profits and revenues exceed expectations off the back of strong retail performance
Amazon posted profits and sales ahead of market expectations overnight, driven by a strong retail performance in its third quarter.
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NewsBoohoo snubs Ashley demand as it names Debenhams boss as new chief executive
Boohoo has snubbed the demands of its largest shareholder by appointing former JD Sports and current Debenhams boss Dan Finley as its new group chief executive.
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NewsSainsbury’s sells Argos credit card business as it focuses on core grocery offering
Sainsbury’s has sold its Argos credit card arm for £720m, as part of its continued strategy of focusing on its core retail offering.
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VideoSainsbury’s goes big with new Christmas ad featuring iconic BFG
Grocery chain Sainsbury’s has kicked off its Christmas campaign with its television ad featuring iconic literary character the Big Friendly Giant (BFG).