Click and collect services could boost in-store sales October 16, 2019 Investment in click and collect services could boost bricks and mortar sales as customers make last minute purchases when they pick-up items in store. More than eight in 10 customers said they buy extra items in store when using click and collect, according to the latest research, and more than three quarters of retailers said [...]
Eco-friendly product sales surge on climate change awareness October 16, 2019 Environmentally aware consumers moved away from one-use plastics this year as climate change activism hit the headlines, sparking a surge in sales of eco-friendly items. Sales of reusable straws increased 1,573 per cent at John Lewis due to heightened awareness of the environmental impact of single-use plastics. Read more: Climate activists target bankers during second [...]
Blame game: Thomas Cook bosses point finger at government as MPs slam high pay October 15, 2019 Former Thomas Cook bosses have pointed the finger at the government for failing to stump up emergency cash to keep the firm trading last month, in a heated evidence session with MPs. Members of the collapsed holiday giant’s board, including chairman Frank Meysman and chief executive Peter Fankhauser, were today hauled in front of MPs [...]
Business committee chair Rachel Reeves attacks defiant Thomas Cook leadership October 15, 2019 Business select committee chair Rachel Reeves launched a stinging attack on Thomas Cook executives today in a heated evidence session into the firm’s collapse last month. After hearing evidence on how the company was allowed to fall into liquidation, putting 9,000 people out of a job and 150,000 more stranded abroad, she told chief executive [...]
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 [...]
Marston’s forecasts lower profit on food sales slump October 15, 2019 Pub operator Marston’s said it expects to post a dip in profit this year due to weakening food sales. Shares fell more than eight per cent after the Pitcher and Piano owner said it expected to report underlying profit before tax of around £101m, compared to £104m last year. Read more: Beer sales slump dampens [...]
Sports Direct calls for probe into Nike and Adidas October 14, 2019 Sports Direct called this evening for a competition probe into the market dominance of sportswear brands such as Nike and Adidas. In a statement, the company said top brands “use their market power to implement market-wide practices aimed at controlling the supply and, ultimately, the pricing of their products”. Read more: Corbyn kicks up fresh [...]
Fast food chain Leon launches new product range with Sainsbury’s October 14, 2019 Fast food chain Leon has launched a partnership with Sainsbury’s to sell its first range of grocery products. Customers will be able to buy a range of Leon condiments, oils and bread in more than 600 stores as the chain expands beyond its London focused restaurant portfolio. Read more: Leon reports widening losses as rising [...]
Cake Box on track to meet expectations after sales and stores grow October 14, 2019 Cake Box said it expects to meet full-year expectations after sales and store numbers both grew in the first half of the year. The egg-free cake retailer said it expects to report revenue growth of about six per cent to £8.8m, compared to £8.3m in the first half of last year. Read more: Cake Box [...]
Laura Ashley shares plunge as finance chief steps down after two decades October 14, 2019 Laura Ashley’s share price plunged more than 26 per cent this morning after the retailer announced its finance director Sean Anglim has stepped down after more than two decades at the firm. Anglim, who is also joint chief operating officer, will be replaced by Sagar Mavani, the company announced today. Read more: Laura Ashley drops [...]