West End businesses lose £12m in two days during climate change protests April 17, 2019 West End businesses have lost an estimated £12m in sales due to the disruption caused by climate change protesters this week. Extinction Rebellion protests at Oxford Circus, Piccadilly Circus, Marble Arch have hit retailers in London’s main shopping district, with some stores reporting a 25 per cent drop in footfall. Read more: Climate change protesters target [...]
Subway launches first vegan sub after Greggs vegan sausage roll success April 17, 2019 Subway has jumped on board the vegan bandwagon after Greggs' vegan sausage roll proved a runaway success with everyone from flexitarians to – gasp – meat eaters. Read more: 25 weird items people left in their Uber rides The sandwich chain's new vegan sub lands in stores today priced from £3.80, alongside a vegan-friendly salad. [...]
Danone stays on track despite falling Chinese birth rate and Moroccan protests April 17, 2019 Evian-owner Danone confirmed its outlook for 2019 this morning as the firm said it was investing in products that cater to alternative diets. Danone, which is the world’s largest yoghurt maker, said it was pouring cash into growing segments of the yoghurt market including plant-based, probiotic and low-sugar alternatives. Read more: Danone hit by Morocco consumer [...]
Topshoppers are not put off by Sir Philip Green’s troubles April 17, 2019 Last week, Sir Philip Green appointed restructuring specialists to the boards of his Arcadia retail empire in preparation for a major reconfiguration in May to tackle the company’s £500m deficit. Green has pinned Arcadia’s struggles on a challenging retail market and the ailing British high street, however Arcadia’s brands may have been affected by his [...]
Just Eat announces acquisition of software provider Practi April 16, 2019 Just Eat has acquired Practi, a software service that trades in tablet-based Point of Sale (PoS) and restaurant management systems. The food delivery marketplace has bought Practi for £6.7m, with further payments dependent on certain commercial milestones. Just Eat plans to roll out Practi's software to its restaurant partners, providing partners with PoS, payment handling, inventory management, [...]
Morrisons granted permission for Supreme Court appeal over data breach ruling April 16, 2019 Morrisons has been granted permission to appeal to the Supreme Court after losing a major court case over a data leak. In October the UK’s fourth-biggest supermarket lost an appeal against a High Court ruling that concluded the firm was legally liable for a former employee leaking personal information about 100,000 staff members, meaning it [...]
Asda under fire over new employee proposals April 16, 2019 Supermarket giant Asda has been accused of using a proposed pay rise as a "smokescreen" for unpaid breaks and shortened night shifts. The grocery firm recently announced a set of potential contract changes for its workforce, pledging to hike the basic hourly rate of pay for retail employees. Read more: Asda and Sainsbury's propose selling 150 [...]
JD Sports shares rise as retailer bucks high street woes to boost profit and revenue April 16, 2019 JD Sports’ shares jumped today as it bucked the trend of struggling high street retailers to boost profit and revenue. Executive chairman Peter Cowgill credited the shoe and fashion store’s focus on remaining relevant to its millenial and Generation Y consumers for its success, saying the firm is “obsessed” with its customers. Shares rose 7.6 [...]
Johnson & Johnson defies baby powder asbestos concerns to beat first quarter forecasts April 16, 2019 Shares rose at Johnson & Johnson this afternoon as the world’s biggest healthcare company beat revenue and profit forecasts for the first quarter. Read more: Johnson & Johnson share price falls as baby powder probe intensifies The New York-listed firm withstood concerns about asbestos in its baby powder which surfaced late last year, which drove poor [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]