JD Sports will not appeal £1.5m fine from CMA for price fixing Rangers FC shirts September 27, 2022 JD Sports Fashion (JD Sports) has confirmed the company will not be appealing the fine it has been hit with for fixing prices of Rangers shirts.
Oxford Street to slash ‘opening hours’ for Christmas lights amid energy crisis September 27, 2022 Oxford Street will lower its energy usage by two-thirds this Christmas as it lights up for the festive season. Amid the ongoing energy crisis, London’s famous light display is brightening the street with energy-efficient LED bulbs and reducing its operating hours this year. The switch on, taking place on 2 November, will illuminate the sky [...]
Chapel Down on track to double in size after heatwave allows August harvest September 26, 2022 Plans to double the size of Chapel Down have “started strongly” after a hot summer has allowed the English wine maker to begin harvesting in August for the first time. The London-listed firm described its 2022 harvest as looking “very positive”, crediting the heatwave that swept the country this summer. “We expect 2022 to combine [...]
Matalan recruits ex-New Look boss as sale of fashion chain launched September 26, 2022 Matalan has brought in a former New Look chief as it announces the start of a strategic sales process. Nigel Oddy will join the fashion retailer as interim CEO from the start of next month, after leaving the high street chain in June. Oddy will help to deliver a growth strategy and reposition the brand [...]
Aldi: Low prices ‘more important to us than short term profit’ September 26, 2022 Discount Aldi has said it has seen an extra 1.5m customers switch to shopping at its supermarkets over the past three months. The supermarket was recently declared the country’s fourth biggest, knocking Morrisons down the list, according to Kantar data. In full-year results to the end of December 2021, the budget retailer posted an 87 [...]
LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility September 26, 2022 LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
Frasers set for further MySale bid after former chairman offloads stake September 26, 2022 Frasers is set to table another cash offer for Aussie fashion marketplace MySale after a top shareholder made an “irrevocable commitment” to offload his stake to the retail group, handing it 48 per cent control.
Unilever boss to step down from company by end of next year September 26, 2022 Unilever's chief executive Alan Jope has announced his intention to retire from the consumer goods giant at the end of 2023.
Youngsters ditch pints for savings as cost of living woes stunt spending September 26, 2022 Flocks of youngsters are ditching pints and nights outs en masse as the cost of living crunch sinks in. According to PwC’s consumer risk survey, 18-34 year olds are making major cuts to consumer spending, with 69 per cent either reducing or stopping eating out, 57 per cent ditching subscriptions to their streaming/TV services, and [...]
Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]