Debt campaigners sound alarm over Deliveroo’s Klarna tie-up October 12, 2022 Debt campaigners have sounded the alarm over a “worrying” partnership between Deliveroo and buy-now pay later firm Klarna today which they claim could land cash-strapped Brits in mounting piles of debt.
M&S to speed up plans to close 1 in 4 larger clothing stores October 12, 2022 Marks & Spencer will accelerate its plans to slash the number of its larger stores that sell clothing and homeware products. In an update to investors on Wednesday, the supermarket revealed it would shutter more than one in four of its so-called full-line stores within three years rather than five. Plans also include the opening [...]
Frasers Group nabs stake in JD Williams and Simply Be owner October 12, 2022 Frasers Group has snagged a 4.5 per cent stake in online retailer and JD Williams owner N Brown, as the retailer continues to put its stamp on the UK high street. The Sports Direct owner is now the sixth-largest shareholder of the Jacamo and Simply Be owner. “We are always pleased to welcome new shareholders [...]
JD Sports’ chief financial officer to exit sportswear retailer October 12, 2022 Sneaker seller JD Sports has announced the departure of its chief financial officer next year. The London-listed firm will now start hunting for a replacement for Neil Greenhalgh, with new chair Andy Higginson leading the search. Greenhalgh, who has been with the high street staple for almost two decades and in his current role since [...]
‘Not a dark kitchen’: Taster to launch two pasta delivery sites a month with Jamie Oliver October 12, 2022 The founder of food delivery start-up Taster has said the firm wants to differentiate itself from dark kitchens, as it aims to roll out two new sites per month for its new pasta brand with celebrity chef Jamie Oliver. Taster hopes to take the Jamie Oliver collaboration “very far” and turn it into the “biggest [...]
Sofa seller ScS: Shoppers may splurge on home makeovers instead of moving amid high mortgage rates October 11, 2022 Sofa seller ScS has suggested that some consumers may invest in home makeovers instead of opting to move house amid historically high mortgage rates. The furniture firm posted record sales growth on Tuesday morning but warned of “subdued” trading in recent weeks against a backdrop of household bills increasing. Revenue rose 8.6 per cent from [...]
YouGov CEO to move to chair role this summer October 11, 2022 Polling firm YouGov has said it will hunt for a new CEO as its current top boss and founder will soon move to the role as chair. The board has unanimously agreed that Stephan Shakespeare should take over the chair position when Roger Parr departs the role. A new CEO will join in August 2023, [...]
Shoppers face £643 increase to yearly grocery bill October 11, 2022 Shoppers are facing an additional £643 jump in their annual grocery bill as grocery price inflation breaks another record. According to freshly published data from Kantar, grocery inflation sits at 13.9 per cent, the highest level since the data firm started tracking prices in the 2008 financial crisis. The average household’s annual grocery bill is [...]
Greencore profit held back by rail strikes and bank holiday October 11, 2022 Food manufacturing giant Greencore has seen profits dented by rail strikes and the bank holiday for the Queen’s funeral in September. In a fourth quarter and full year trading update, the convenience food maker placed its adjusted operating profit at the lower range of £72-77m. The London-listed firm said it had been forced to absorb [...]
Marston’s: Customer demand ‘encouraging’ despite living pressures October 11, 2022 Pub operator Marston’s has said it is still seeing Brits head to their locals in recent weeks despite pressure on budgets. Like-for-like sales were buoyant over the 10 weeks from 24 July to 1 October ,increasing three per cent on the 2019 financial year. Total like-for-like sales had sunk one per cent compared to the [...]
