Joules pushes back against rumours that Next rescue deal has soured August 30, 2022 Joules has pushed back against reports that discussions with Next over a rescue deal have soured.
National Lottery licence winner Allwyn posts strong quarter despite consumer squeeze and legal battle August 29, 2022 Allwyn, the winner of the fourth National Lottery licence, has posted strong quarterly results this morning despite weaker consumer sentiment and its ongoing tussle for the lucrative contract.
You wonk believe it: Lidl and Waitrose welcome misshapen fruit and veg amid drought conditions August 26, 2022 Both Waitrose and Lidl have come out this week to announce that they would be relaxing size and shape guidelines for fruit and vegetables following drought-like conditions for farmers.
Quality Street tub shrinks once again as inflation bites for Nestlé August 25, 2022 Nestlé has shrunk the size of its Quality Street tubs once again this year as inflation takes a bite into profits.
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]
Shoppers spend more at convenience stores this summer while volume sales at large grocers dip August 23, 2022 Convenience stores have seen sales buoyed this summer, as shoppers coughed up £3.6bn on groceries in them over the past month. Over the four weeks to 13 August, convenience stores made up some 28.9 per cent of sales, according to fresh data published by NielsenIQ on Tuesday. Total till grocery sales saw a growth of [...]
Even as we teeter on the edge of a recession, we will create new opportunities August 23, 2022 NECESSITY, as the old saying goes, is the mother of invention. That’s why periods of economic or social upheaval often coincide with exceptional innovation – the rapid development of the Covid-19 vaccine, based on breakthrough mRNA technology, being a perfect example. Today, the global economy is in precarious shape. Europe, in particular, faces likely recession [...]
Matalan founder Hargreaves guns for outright ownership of retailer August 21, 2022 Fashion retailer Matalan is facing a battle between its lenders and its founder over its ownership as a deadline for refinancing looms. According to a report in Sky News, the retailer’s chairman John Hargreaves has proposed pumping tens of millions of pounds into the clothing firm. Hargreaves is reportedly hoping to retain outright control of [...]
Sunday Sitdown: ‘There is a demand to return to the office’, says boss of City favourite T.M. Lewin August 21, 2022 British menswear brand T.M. Lewin – for decades a favourite among City workers – is back. Two months after the heritage brand struck a last-minute rescue deal with shirtmaker Limited, the company has managed a re-launch after the pandemic nearly killed off the Square mile favourite. Established over 120 years ago, T.M. Lewin is steeped in [...]
Bosses at Joules brace for ‘significant loss’ in pre-tax profit this year August 19, 2022 Bosses at retailer Joules are bracing for a “significant loss” in profit in the first half of this year, as inflation and the recent heatwave hit sales. While the company expects its finances to improve in the second half of the year, the board announced today, Joules is expected to report a pre-tax loss for [...]