Power play: How Duracell intends to capitalise on 2015 Rugby World Cup with ranking system August 23, 2015 A recent documentary on Britain’s double Tour de France winner Chris Froome, was subtitled “the untold story of power is the ability to go harder and longer than anyone else”. In the offices of Duracell batteries, the marketing team nodded sagely at each other. Power and longevity: their two watchwords. After all, that Duracell bunny [...]
Poundland’s bosses fail to get bonuses August 14, 2015 BOSSES at UK discount retailer Poundland did not receive a bonus for 2015, despite both sales and profits at the company improving last year. Poundland’s annual report said the bonus payments were “self-funding” and “as such, this year’s underlying profit after tax achievement of £33.95m did not trigger payment of bonuses to colleagues.” The company’s [...]
Mapped: These are London’s “filthiest” supermarkets August 12, 2015 Hygiene inspectors have found around a third of Britain's "filthiest supermarkets" are located in London, according to data from the Food Standards Agency (FSA) crunched by the Mirror. The FSA ranking stretches from zero which means urgent improvement is required, to "5" which means the hygiene standards are very good. Those listed were among a handful of [...]
Regulators list problems with Poundland’s £55m 99p Stores merger June 25, 2015 Britain’s competition watchdog unveiled a list of issues it is exploring around Poundland’s £55m merger with 99p Stores after the discount chain agreed to push ahead with an in-depth probe last month. Poundland, which floated on the stock market last year, announced in February that it was going to buy 99p Stores. However, the Competition [...]
FTSE rises after a rally in metals boosts miners – London Report June 18, 2015 BRITAIN’S top share index ended higher yesterday after slipping to a five-month low earlier in the session, with a strong bounce in miners and a rally in US equities helping the broader market. The blue-chip FTSE 100 index finished 0.4 per cent higher at 6,707.88 points. It earlier fell to 6,625.16, its lowest since late [...]
Billion Poundland: Profits up 18.6 per cent for budget retailer in first year since IPO June 18, 2015 Poundland’s profits soared 18.6 per cent in the 12 months to 29 March as it passed £1bn in sales for the first time. Read more: Poundland brings forward competition probe into 99p Stores deal The figures Underlying pre-tax profit hit £43.7m, an 18.6 per cent increase on 2014’s £36.8m. Total sales rose 11.9 per cent to [...]
Higher transport prices could push UK out of deflation – London Report June 14, 2015 RISING petrol costs and an uptick in air and sea transport prices may push the UK out of deflation in May. Data due out tomorrow is expected to show that consumer prices edged up 0.1 per cent year-on-year in May. IHS Global’s Howard Archer said consumer price inflation will likely hover close to zero during [...]
London now has its own £1 café Caffix on Newman Street in Fitzrovia June 4, 2015 It could be argued, in a city where there's a Pret or Starbucks on every corner, we've already reached peak café. But Caffix, on Newman Street in Fitzrovia, is differentiating itself by pricing every single item at just £1. Customers can grab breakfast snacks such as porridge, pastries and yoghurts as well as lunch items like sandwiches, baguettes, noodle [...]
Online marketplace Notonthehighstreet appoints retail veteran Darren Shapland as its chairman June 1, 2015 Online platform for independent retailers notonthehighstreet.com has appointed Darren Shapland as its new chairman. Shapland currently serves as the chairman of the retail businesses Poundland, Topps Tiles and Maplin Electronics. He is also a non-executive director at Ladbrokes and Wolseley, chairing the audit committee. The experienced retailer has also previously worked with other major firms. [...]
B&M eyes more stores as sales jump by a third May 28, 2015 Bargain retail chain B&M has hiked its store expansion targets after reporting a near 30 per cent jump in revenue in its first year as a public company. The company, which sells everything from toys to electrical goods and furniture, yesterday said sales jumped 29.5 per cent to £1.6bn in the year to 28 March, [...]