US bookshop chain Barnes & Noble blames election for sluggish sales November 22, 2016 US bookshop chain Barnes & Noble is hoping it can sell more books now the distraction of the US election is over. The company has had another losing quarter, this time it says because of the race for the White House sucking up too much of everyone’s time. “We did experience sluggish sales, which we [...]
Campbell Soup slurps up a spoonful of profit as costs fall November 22, 2016 Shares in US soup maker Campbell have climbed in premarket trading in New York after the company announced a better-than-expected quarterly profit due to falling costs. The world's largest soup maker is in the midst of a cost cutting programme as it battles against falling consumer demand for non-fresh and seemingly unhealthy foods. The numbers [...]
Tesco denies discriminating against state school children in Edinburgh outlet November 22, 2016 Tesco has been forced to deny that it was discriminating against state school students at one of its outlets in Edinburgh. The supermarket has come under attack for reportedly forcing children from Boroughmuir high school, a state school in the city, to stand behind a barrier and only allow the children inside in small groups. However, [...]
Snapped up: Healthy drinks company Bai has been acquired by Dr Pepper Snapple to meet demand for nutritious beverages November 22, 2016 Growing consumer demand for healthier beverages has persuaded Dr Pepper Snapple Group (DPS) to buy Bai Brands LLC, an antioxidant beverage maker for $1.7bn (£1.4bn) in cash. Bai is a fast-growing beverage brand that presents Dr Pepper Snapple (DPS) with a strong platform on which to grow "better-for-you beverages", including enhanced water, carbonated flavoured water, coconut water [...]
These products “on sale” at Amazon cost the same at John Lewis November 22, 2016 If you're shopping for Black Friday deals online, shop around. Amazon has lots of great deals on at the moment, but on some products, it's not actually a price reduction – you can get the same thing at John Lewis, for the same amount of cash. Read more: Has Havaianas come up with the best [...]
Mitchells & Butlers reports a drop in annual profits citing cost pressures and competition November 22, 2016 Pub and restaurant operator Mitchells & Butlers announced a drop in like-for-like sales as annual profits fell by more than a quarter for the year ended 24 September. The figures Like-for-like sales were down on the whole by 0.8 per cent, but the company is progressing toward growth with a rise of 0.5 per cent the last eight weeks' sales. Like-for-like food volumes [...]
Morrisons is bringing back the Safeway brand for a wholesale range and opening ten new convenience stores November 22, 2016 Morrisons is bringing back the Safeway brand, the supermarket announced today, as well as launching a new convenience store offering. The Safeway brand is to be revived as a range for wholesale to independent retailers – Morrisons said the re-introduction of the brand will enable it to "leverage its sourcing and unique food maker skills to [...]
Kingfisher’s share price drops as French business holds back sales November 22, 2016 Kingfisher's share price has dropped this morning after the company revealed its French business has been holding it back. The retailer – known for B&Q and Screwfix in the UK – has had good sales this side of the channel, but its share price was down 1.43 per cent at the time of writing. The figures Kingfisher's like-for-like [...]
AO World delivers £1.5m in earnings ahead of Black Friday November 22, 2016 UK internet retailer AO World said this morning that it has clocked up earnings of £1.5m, swinging back from a £4.5m loss last year. The figures The company said its group revenues had grown 23 per cent to £324.76m in the six months to 30 September. Read more: Here are the best deals available on Amazon today [...]
Peppa Pig owner Entertainment One reports 19 per cent increase in revenue but profit dives in first half November 22, 2016 Entertainment One has reported declining profits for the six months to 30 September, despite revenue climbing almost 20 per cent. The figures Group revenues were up 19 per cent to £401m from £337m this time last year. Adjusted profit before tax dropped 40 per cent from £40m to £24m, while reported pre-tax profit was down [...]