Whole Foods was Amazon’s grocery debut, now it’s time for a main course November 11, 2021 Amazon took its first major step into grocery when it bought Whole Foods Market in 2017 for $13.7bn. The purchase sent shockwaves through the retail world at the time. It marked Amazon’s first step into brick-and-mortar retail and analysts interpreted the move as an effort to muscle in on the supermarket sector. But Amazon’s Whole [...]
British brands to miss out on Chinese shopping occasion Singles Day November 11, 2021 British brands are set to lose out on the Chinese shopping occasion Singles Day today as consumers opt for local brands instead. More than a third of Chinese shoppers said they would buy fewer products from British brands this year compared to last year. Consultancy AlixPartners, who organised the survey of over 2,000 Chinese consumers, [...]
M&S on the verge of a FTSE 100 comeback November 10, 2021 Marks & Spencer is closing in on a return to FTSE 100, with the retailer ranking 110th on this evening's close.
M&S shares surge more than 15 per cent following full year profit hike November 10, 2021 Marks and Spencer (M&S) has lifted its full year profit expectations as the high street retailer looks to expand its store offering – and take over six former Debenhams sites. Shares surged a massive 15.76 per cent to 225.10p per share by mid-morning, boosting the entire market. “The shares have come roaring back from the [...]
This is not just results: London markets boosted by M&S profit hike November 10, 2021 UK retail institution Marks and Spencer boosted London markets during the opening session today as investors poured into the stock after it hiked its profit outlook. The capital’s mid-cap FTSE 250 index, which M&S is listed on, advanced 0.34 per cent to 23,445.61 points. The premier FTSE 100 index was up 0.33 per cent to [...]
Halfords upgrades profits guidance to £80-90m as autocentres drive rising revenues November 10, 2021 Halfords has upgraded its full-year profits guidance amid rising revenues for the rebounding company. The motoring and cycling retail giant £80-90m in full-year profits before tax, a hefty increase on previous estimates of £75m. The company has enjoyed a 19.2 per cent growth in revenues over the first half of the financial year. This has [...]
Shepherd Neame reports strong recovery as pandemic restrictions end November 9, 2021 Shepherd Neame is brewing a comeback as demand recovers following the end of pandemic restrictions. Its full-year results reveal consumer appetite has been robust in a recovering market, with retail pubs achieving 62 per cent of 2019 sales between 12 April and 16 May when pubs re-opened outside, and 97 per cent of previous sales [...]
Ocado sees biggest sales jump from pre-pandemic levels November 9, 2021 Ocado has been dubbed one of the big winners from Covid-related changes to shopping. Its sales have grown 35.7 per cent, the strongest increase out of all supermarkets, according to the latest figures from Kantar. The retailer’s market share stayed flat at 1.7 per cent. “Generally, online has done fantastically well in the pandemic, the [...]
A winning wee dram: The Dalmore boss looks for global market November 8, 2021 SOME 6,000 miles separate the sleepy, picture-perfect waters of the Cromarty Firth and the Sotheby’s auction room in Hong Kong, but they are now bound together in the record books. A fortnight ago a collection of six rare whiskies from the Dalmore distillery in the far north of Scotland was auctioned off in the Asian [...]
China exports surge despite port disruptions at regional lockdowns November 8, 2021 Asia markets have got the week off to a quiet start this week, with the latest China trade data for October giving a mixed insight into the world’s second biggest economy. The last couple of months have proved to be “fairly resilient” ones for China trade, despite disruption at Chinese ports, and the various lockdown restrictions [...]