All News articles – Page 4
Most recent first.
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NewsGovernment appoints cost-of-living tsar as inflation climbs
The government has appointed Just Eat founder David Buttress to work with companies including grocers to support consumers as the cost-of-living crunch bites.
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Poor working practices in Leicester persist, finds Boohoo-funded survey
A study carried out by the Garment & Textile Workers Trust found that the exploitation of workers has continued to plague Leicester.
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Nearly 650,000 retail jobs lost over last five years
Over half a million retail jobs have been lost and over 70,000 stores closed across the UK since 2017, according to new figures.
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Morrisons owners mulls £600m warehouse sale
The private equity owners of Morrisons are considering a sale of its food production arm as costs across the grocer bite.
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Morrisons increases basic pay for all UK staff to £10.20 an hour
Morrisons has increased its base pay rates for frontline staff to £10.20 an hour across the whole UK, making it the highest-paying supermarket in the country.
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ProCook warns on profits as shoppers ‘tighten their belts’ amid cost-of-living crunch
ProCook has said sales and profits for its current financial year will be behind previous forecasts as shoppers face “exceptional pressures on discretionary spend”.
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Reliance and Apollo team up to lodge £5bn binding bid for Boots
Reliance Retail and Apollo are understood to have made a formal offer for Boots, which would allow current owner Walgreens to retain a significant minority stake.
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Poundland parent’s sales and profits rise as UK shoppers rein in ‘essential’ spending
Poundland owner Pepco Group has said UK shoppers are “scaling back even on essential purchases” amid the cost-of-living crunch.
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CD&R clears final hurdle for £7bn Morrisons acquisition
Clayton, Dubilier & Rice (CD&R) has been given the all-clear to complete its £7bn acquisition of Morrisons after the competition watchdog agreed to its offer to sell some petrol forecourts.
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AO scraps German business following strategic review
Electrical goods etailer AO.com has taken the decision to close its German business after eight years of trading, following a strategic review into its performance.
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John Lewis names first three locations for house-building scheme
John Lewis has confirmed the first three locations for its build-to-rent scheme as it aims to build 10,000 homes by 2030.
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Quarter of UK households turn to second-hand market to beat cost-of-living crunch
New data shows that nearly a quarter of UK households are looking to the second-hand or resale markets as they look to deal with steepling costs driven by rampant inflation.
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Boots freezes prices on 1,500 products as cost-of-living crunch intensifies
Boots has committed to locking the prices of its most regularly purchased own-brand product lines in a bid to “reassure” shoppers amid the growing cost-of-living crisis.
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Zara owner Inditex posts sales and profit rise despite Ukraine war impact
Fashion giant Inditex, owner of Zara, has reported a suresulrge in sales and profits but booked a substantial provision for the costs of Russia’s invasion of Ukraine.
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M&S launches tech start-up sustainability challenge to drive net-zero goals
Marks & Spencer has unveiled a sustainability challenge for tech start-ups as it pursues its ambition to become a net-zero business by 2040.
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Ex-Asos boss Nick Beighton joins Secret Sales
Former Asos chief executive Nick Beighton is set to become chair of discount fashion platform Secret Sales.
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JD Sports faces CMA fine for ‘cartel activity’ on alleged football shirt price-fixing
JD Sports is facing a hefty fine from the competition watchdog after admitting to “cartel activity” by fixing the retail price of football shirts.
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Ted Baker sale in doubt as preferred bidder pulls plug on deal
The proposed sale of Ted Baker has been thrown into doubt after the board’s preferred bidder dramatically backed away from a deal.
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Platinum jubilee drives footfall bounce as grocers report strong trading
The extended platinum jubilee bank holiday was a boon for retail footfall, as some grocers reported strong sales in alcohol and commemorative food products despite the cost-of-living crisis.
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New Look chief executive Nigel Oddy steps down
New Look boss Nigel Oddy has confirmed plans to exit the business.
