Small shops face £1.7bn debt, says report by ex-boss of Iceland July 16, 2021 Small shops are struggling under £1.7bn debt, the former retail chief of Iceland, has warned. Independent businesses’ borrowing increased fourfold during the pandemic, according to the report. While the money borrowed has allowed small shops to survive, the task of paying back the loans still looms over them, said Bill Grimsey, the author of the [...]
Iceland to open borders for fully vaccinated travellers this week March 17, 2021 Iceland will this week open its borders to all visitors who have been vaccinated against Covid-19 without mandatory testing or quarantine. The North Atlantic country hopes more tourists will help revive its pandemic-hit economy. In a statement, the government said it will welcome all fully vaccinated visitors into the country without being subject to border [...]
Iceland to launch new convenience store format Swift this week March 15, 2021 Iceland is preparing to unveil a new convenience store format, with the first branch set to open this week. The frozen food retailer will launch the Swift store concept in Newcastle on Thursday, according to reports. The store will be in a converted Iceland branch and will sell “the full spectrum of grocery” with a [...]
Iceland hires 3,000 workers to keep up with online delivery demand September 8, 2020 Iceland has created more than 3,000 new jobs as the supermarket seeks to meet the surging demand for home deliveries created by the coronavirus lockdown. The budget supermarket announced this afternoon demand for deliveries increased four-fold after the lockdown was announced, with online shopping orders jumping 300 per cent since August last year. Iceland said [...]
Jobs at risk as Iceland launches review of management structure January 26, 2020 Frozen food retailer Iceland has launched a review of its management structure, in a move that could see some roles axed. The supermarket said it will review the structure to ensure it is running the “business as efficiently and economically as possible”. The review is ongoing and no final decisions have been made, although no [...]
How Iceland found the perfect Christmas campaign formula December 11, 2019 Twas the month before Christmas (in 2018), and the festive cheer was seemingly “cancelled” for British frozen food giant Iceland. “We’re absolutely gutted,” a defeated Richard Walker, Iceland’s managing director, told the BBC. “We wanted to share this message far and wide.” Well, for Richard, Christmas miracles are very much real. This particular miracle began when [...]
Virgin Active and Iceland investor Brait to offload assets November 27, 2019 South African investment firm Brait, which owns stakes in New Look, Iceland and Virgin Active, has announced a financial restructuring plan that will see it offload its assets. Shares in the Johannesburg-listed company plunged more than 15 per cent after it unveiled plans to sell off its assets in a bid to reduce debts and [...]
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. [...]
GDPR is one year old, but has the EU’s data protection regulations helped business or eroded trust? May 24, 2019 Saturday marks the first anniversary of the European Union’s General Data Protection Regulation (GDPR) finally coming into force. GDPR was heavily hyped up, with many hoping – or fearing – that it would fundamentally change not only how companies handle people’s data, but also how consumers view their online interactions with businesses. Anyone with an [...]
Debate: Given the problems at Wow Air, should we be worried about the future of the airline industry? April 5, 2019 Given the problems at Wow Air, should we be worried about the future of the airline industry? Yes – Anthony Hynes is chief executive of eNett international. With Iceland’s Wow Air and other airlines going bust recently, it’s undeniable that the airline industry is going through some turbulent times. In fact, our recent study shows that [...]