Why Asos shares have shrugged off warehouse fire damage news June 23, 2014 Despite slumping by around three per cent in early trading, Asos shares have seen a recovery after Friday's warehouse fire. Traders have been waiting until today to respond to a fire at the company's Barnsley distribution centre, where around 70 per cent of the company's total stock is held. South Yorkshire Police are treating the [...]
Three messages to warm your spirits during the hectic Christmas period December 20, 2012 AHECTIC round of after-work parties and shopping, interspersed with a few brief moments wondering where the year went. Then a frenzy of unwrapping, a battle in the kitchen with a recalcitrant turkey, the family lunch, a silly game, a surreptitious snooze in the middle of Pirates of the Caribbean. Christmas has its routines, but every [...]
Bottom Line: Forty-year-old retailer is true pioneer in age of the internet September 24, 2013 WE DON’T think retail is dead. It is just being repositioned.” So said Ebay president Devin Wenig yesterday, as the US auction giant launched a tie-up with Argos that will see some of the latter’s 700 stores used as drop-off points for deliveries from 50 Ebay sellers. Once again the catalogue firm – founded in [...]
Springbok spicing up the wine market January 19, 2014 Annabel Palmer talks to Rowan Gormley, the South African taking on wine’s giants with venture Naked Wines THE DAYS of the wine snob – so brilliantly caricatured by Richard E Grant’s the Hon Simon Marchmont in the BBC’s Posh Nosh – could be coming to an end. It’s an industry long characterised by an assumption [...]
Should Sunday trading hours be extended in supermarkets for the Christmas period? November 22, 2012 YES Dalton Philips The seven trading days before Christmas day are the busiest days of the year for grocery shopping. This period puts a huge strain on staff across our business, but particularly those in stores, logistics, and in manufacturing. Our analysis shows that, in the seven days prior to our early closing on Christmas [...]
Thorntons gets taste of success as profit returns September 11, 2013 THORNTONS customers have rediscovered their sweet tooth as the chocolatier reported a return to profit yesterday, thanks to strong appetite from grocers and the launch of new products. Profit before tax and exceptional items jumped to £5.6m in the year to 29 June from £0.9m the previous year, the retailer said yesterday, beating City forecasts. [...]
Ofgem probes energy firms on power cuts March 6, 2014 OFGEM yesterday said that it is going to investigate UK Power Networks’ (UKPN) and SSE’s performance during the Christmas storms, after the two electricity distribution network operators were found to have been the slowest in responding to customers. The energy regulator is also looking to increase payments to customers who have their electricity cut off [...]
Rosy results for Sainsbury’s with increased sales, stores and new mobile service October 2, 2013 Sainsbury's has reported strong sales which have delivered continued outperformance, with total sales for the second quarter up five per cent (4.6 per cent excluding fuel). (Release) Like-for-like sales for the same period were up 2.1 per cent (2.0 per cent excluding fuel), with total sales for the first half of 2013 coming in up [...]
Suitors abuzz over Maplin after backers plug in for £200m sale March 3, 2014 HIGH Street electronics retailer Maplin has been put up for sale with a price tag of up £200m after its private equity owners decided to exit the business. Maplin, which reported sales of £213.5m for the year ending 2012, is owned by Montagu Private Equity and has about 230 stores across the UK and Ireland, [...]
Royal Mail staff to strike on 4 November October 16, 2013 Royal Mail staff will strike on 4 November after the Communication Workers Union's (CWU) ballot of around 115,000 members returned a 4-1 decision in favour of industrial action, it has been announced. In the midst of controversy around its sell-off, the CWU, the main postal union, balloted around its members for industrial action on privatisation, [...]