Where Co-op will open 30 new stores before Christmas December 10, 2019 Co-op is aiming to open 30 new stores in the run-up to Christmas, as it invests £25m in sites at transport hubs, residential blocks and key city locations. The new stores are expected to create up to 500 jobs, bringing some festive cheer to the UK retail industry following a challenging year for the high [...]
Ocado bags sales jump amid decline in supermarket sector July 23, 2019 Ocado has posted a double-digit rise in sales over the last quarter as it defied an overall decline in the supermarket sector. The online retailer boosted its sales by 11.9 per cent in the 12 weeks to 14 July, stealing a larger chunk of the competitive grocery market. Read more: Sainsbury’s sales slip in ‘tough’ [...]
Halma raises payout as profit grows 14 per cent November 19, 2019 Halma, the global life-saving technology company, increased its interim dividend today on the back of record first half results. Read more: Lidl brings hourly pay rate in line with living wage The figures The FTSE 100 company saw revenue grow 12 per cent to £653.7m, up from £585.5m in the same period in 2018. A [...]
Top City investors urge UK firms to pay living wage November 28, 2019 Some of the City’s biggest investors have written to the chief executives of companies including Just Eat, British Airways, and Royal Mail urging them to pay the so-called real living wage. The letter, published today, outlines a growing business case for the living wage, arguing that it can boost productivity, reduce staff turnover and improve [...]
Tesco chief resigns after turning the brand around November 27, 2019 Tesco’s chief executive Dave Lewis will leave the Big 4 retailer next summer, an announcement that sent shock waves across the industry. Tesco is currently the highest-ranking retailer in the FTSE 100 thanks to Lewis’ turnaround plan implemented shortly after his arrival in 2014. At the time Tesco was facing a crisis following the million-pound [...]
Supermarket chain Iceland takes a hit as insurers freeze out suppliers October 20, 2019 Suppliers to supermarket chain Iceland are said to have had their insurance cover cut amid concerns about the impact of Brexit on the company’s supply chain. Paris-based insurer Euler Hermes reduced the credit cover it provides to Iceland’s suppliers over the summer, while rival Atradius is also mulling a possible cut, the Sunday Times reported. [...]
Sainsbury’s sales dip while Ocado and Lidl gain in latest grocer data June 26, 2018 Sainsbury's was the only supermarket to see a decline in sales during the 12 weeks to 17 June, new data shows. Sales slipped by £10m compared to the same period last year, bringing its market share down to 15.6 per cent, according to Kantar Worldpanel. Tesco, Asda and Morrisons also all lost market share despite [...]
Sainsbury’s beats rivals to report sales growth October 15, 2019 Sainsbury’s beat its rivals to become the only major UK supermarket to report sales growth in the last 12 weeks. The grocer’s sales increased 0.6 per cent, its fastest rate since October last year, while the other “Big Four” supermarkets- Tesco, Asda and Morrisons – saw sales decline 0.2 per cent, 0.9 per cent and [...]
Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]