All articles by Hugh Radojev – Page 50
-
NewsBritish Land splashes out £94m on three new retail parks
British Land has acquired three retail parks for £94m and sold its 50% stake in another out-of-town retail destination in Preston.
-
NewsAldi unveils another pay rise for shop workers
Discounter Aldi has given shop workers a fresh pay rise, taking their base pay across the UK to £11.40 an hour.
-
NewsDeliveroo on ‘path to profitability’ as losses narrow
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.
-
News‘No comfort’ for retailers in ‘missed opportunity’ Budget
The Budget has been met with a largely tepid reaction from retailers and industry bodies, after the chancellor failed to address several important issues.
-
DataThe health of UK bricks-and-mortar retail in six charts
After the best part of two years of intermittent lockdowns and store closures, 2022 was the first post-pandemic year retailers could trade without restrictions.
-
NewsVirgin Wines profits wiped as Christmas trading impacted by operational issues
Virgin Wines profits and sales dropped in the first half, as the cost-of-living crisis exacerbated what the chief executive called “certain internal and operational challenges” over Christmas.
-
NewsSainsbury’s splashes out more than £400m on supermarket freeholds
Grocery giant Sainsbury’s has bought the freeholds of 21 supermarkets for £431.5m from Supermarket Income REIT (SIR).
-
NewsM&S boss calls on government to slash red tape in Budget
Marks & Spencer chief executive Stuart Machin has called on the government to conduct a strategic review of legislation and its implementation to alleviate the burden on retailers.
-
NewsSupermarkets begin to lift buying limits on fruit and vegetables
Grocers such as Asda, Morrisons and Lidl have all begun to lift customer limits on buying fresh vegetables, despite ongoing supply chain pressures.
-
NewsExclusive: Dwindling retail space under pressure as new development hits 20-year low
Pressure is being applied to new retail stock at a time when desire for new physical space is peaking and construction starts reached a 20-year low.
-
NewsCo-op poaches former N Brown executive for CFO role
Convenience store specialist Co-op has poached former N Brown and Aer Lingus executive Rachel Izzard as its new chief financial officer.
-
NewsJohn Lewis’ Wicks departure comes amid ‘culture clash’
The sudden departure of Pippa Wicks from John Lewis last week has been blamed on a culture clash at the partnership.
-
NewsFood tsar blames grocery shortages on ‘weird supermarket culture’
Food tsar and Leon founder Henry Dimbleby has blamed the UK’s “weird supermarket culture” for the ongoing shortages of certain vegetables on grocers’ shelves.
-
NewsMorrisons puts 1,000 roles at risk as it ditches 80 maintenance suppliers
Supermarket giant Morrisons has made the decision to shift to a single maintenance provider, down from more than 80, putting more than 1,000 jobs at risk.
-
AnalysisAs Ocado banks on international tech success, is this as good as it gets at home?
After Ocado swung to a £500m annual loss, any momentum it built up over the last few years has all but vanished.
-
NewsSainsbury’s cuts 1,400 warehouse jobs in £90m automation of logistics network
Sainsbury’s will close two of its general merchandise depots affecting 1,400 jobs as it rolls out a £90m investment in automation to modernise its general merchandise logistics network.
-
NewsQuarter of shoppers struggling as grocery inflation soars to highest recorded level
A quarter of UK customers are struggling with their food bills as grocery inflation soared to its highest level ever recorded.
-
NewsFormer Co-op food boss emerges as frontrunner in Matalan CEO race
Former Co-op chief executive of food Jo Whitfield has reportedly emerged as the frontrunner for the vacant top job at embattled fashion retailer Matalan.
-
NewsTesco and Aldi latest grocers to place purchasing limits on fruit and veg
Supermarket giant Tesco and discounter Aldi have placed limits on fruit and veg purchases, following moves by competitors Morrisons and Asda.
-
NewsWalmart pins second straight profit warning on cautious US consumer
Walmart has issued a second straight profit warning and offered cautious guidance for the year ahead.