Back in fashion? Austin Reed is braving a return to the high street months after collapse November 23, 2016 We only just heard the news that the UK high street was losing another retail name in office chain Staples, but Austin Reed wants to buck the trend with a return to bricks-and-mortar. The menswear retailer is coming back to the high street as part of a £100m three-year revival plan, according to the owner [...]
Retailers’ share prices stung by the rise in the national living wage in the Autumn Statement November 23, 2016 Retailer's share prices are suffering this afternoon after chancellor Philip Hammond said the national living wage would rise in April next year. The national living wage hourly rate will increase from £7.20 an hour £7.50 an hour in 2017, Hammond said. Read more: The National Living Wage is going up again next April The change [...]
MPs are going to debate shutting shops on Boxing Day after petition November 23, 2016 MPs are going to debate shutting shops on Boxing Day after a petition calling for stores to close on the 26 December gathered more than 130,000 signatures. The debate is scheduled for 12 December. The petition, created by Jack Johnson, has gathered 137,871 signatures. Johnson said in the introduction to his petition: "Retailers ram boxing [...]
Tech enthusiasts plot Black Friday spending spree, planning £425 of purchases November 23, 2016 Tech enthusiasts are planning to go wild this Black Friday, according to a new study. Some 60 per cent of those surveyed by media company Future said they were planning to make a purchase this year, compared with 34 per cent who did so last year. Read more: Morrisons are getting hunks to help lift [...]
Chapel Down toasts to future success with its best harvest and highest quality fruit yet November 23, 2016 English winemaker Chapel Down toasted prolonged profits today as it announced its most successful harvest yet. The Kent-based winery said although yields were down from expectations, it was still the company's third largest harvest, producing the highest ever quality grapes. Frazer Thompson, chief executive, said he is excited about the potential for higher-quality wines created by the harvest, which he [...]
Ex-Sainsbury’s boss Justin King thinks the price of your weekly grocery shop is about to rise five per cent November 23, 2016 Sainsbury's boss Justin King is one of those retail legends who, like former Tesco chief exec Sir Terry Leahy, had the foresight to get out just as things were about to get hairy. Now King has used that foresight to suggest the price of your weekly shop could be about to leap. In an appearance [...]
Sir Philip Green won’t be giving up his yacht any time soon, the work and pensions committee hears November 23, 2016 Assets owned by Sir Philip Green will not be seized by authorities for some time, as the process to force the former BHS owner to plug the retailer's terminal pension deficit is "very much at the earlier stage". The chief exec of The Pensions Regulator (TPR) Lesley Titcomb answered questions on the failure of BHS in front of the [...]
The world’s oldest port brand is now available in Waitrose November 23, 2016 The world's oldest brand of port uncorked plans to sell at Waitrose after a successful launch at Marks & Spencer last month. Kopke, a top-tier port brand that was founded in 1638, has launched its Kopke Reserve Tawny in the major retailer just in time for Christmas. The company is part of the Sogevinus Group, the fifth largest producer [...]
Morrisons are getting hunks to help lift your Black Friday shopping November 23, 2016 Morrisons will have dedicated strong men and women in stores on Black Friday to help you with your heaving bags. Black Friday is set to be bigger than ever this year and has already started online, with several deals available with Amazon. Read more: AO World delivers £1.5m in earnings ahead of Black Friday But Morrisons [...]
That annoying Heinz baked beans ad has been banned November 23, 2016 An advert for Heinz baked beans has been banned by the Advertising Standards Authority (ASA). The ad, which features children, teenagers and adults using empty or full tins of baked beans to drum out the rhythm of the 'Can Song' drew complaints – not because of the annoying tune, but due to safety concerns. Complainants said [...]