Sainsbury’s cuts market share decline as Aldi and Lidl soar June 25, 2019 Sainsbury’s has cut short the decline in its market share as discount rivals Aldi and Lidl continue to boost sales. Customer spend at Sainsbury’s dipped 0.6 per cent in the three months to 16 June, an improvement on the 1.2 per cent decline in the previous period following its failed merger with Asda. Read more: [...]
Carpetright shares jump as turnaround plan remains on track June 25, 2019 Carpetright has reported a narrowing of losses and a return to like-for-like sales growth for the full year as it continues to roll out its turnaround plan. Read more: Carpetright shares soar as restructuring plan starts to pay off The figures Revenue fell 13.4 per cent to £386.4m in the 52 weeks to the end [...]
Boots scraps plastic carrier bags in 53 stores June 24, 2019 Boots has said it will begin to replace plastic carrier bags with unbleached brown paper bags in all of its stores across the UK. Read more: Boots mulling more than 200 possible store closures The heath and beauty chain said the new bags will be brought in from today at 53 stores, with plans for [...]
Hot cakes: Cake Box revenue rises in first year as listed company June 24, 2019 Cake Box has posted a sharp rise in revenue and profit for the full year as customers get a taste for its egg-free products. Read more: Cake walk: Cake Box revenues soar 30 per cent after summer IPO The figures Revenue jumped 33 per cent to £16.9m in the year to the end of March. [...]
Is honesty the best policy? Why brands should be open about their weaknesses June 24, 2019 Marketing can be complex, with so many sophisticated models, fancy processes, long words, plus various funnels, pyramids, and flow diagrams to help make people look clever. And the growing importance of data has added complexity to the way in which we plan the strategies behind advertising campaigns. But as the legendary ad man Bill Bernbach [...]
The founder of The Sole Supplier on switching up how we buy footwear June 24, 2019 Earlier in June, thousands of people queued up outside shoe stores to buy a new pair of trainers designed by musician Kanye West. The latest set of Adidas “Yeezys” cost £180 each. But many of the people buying these shoes weren’t just interested in fashion, but in making a profit. Soon after the footwear went [...]
Monsoon asks landlords to back rent cuts as part of rescue plan June 20, 2019 Monsoon Accessorize is planning to slash its rent bill for more than half of its stores, as it becomes the latest troubled retailer to turn to a controversial rescue plan in a bid to avoid collapse. The high street fashion chain is hoping landlords will back its planned rent cuts on 135 stores after offering [...]
Fix the High Street June 20, 2019 I spend a lot of my life on the move. I live near Milton Keynes, my office is in London, and I spend half my time visiting our bases in New York and Los Angeles. I’ve got a lot of air miles, a screwed-up body clock and a ruthlessly controlled diary – as well as [...]
Moody’s downgrades Jaguar Land Rover as it battles China slowdown June 20, 2019 Embattled car giant Jaguar Land Rover (JLR) suffered a fresh blow today after credit rating agency Moody’s downgraded the firm and warned of a “negative outlook”. Moody’s has reduced its corporate family rating to B1 from Ba3 and the probability of default rating to B1-PD from Ba3-PD. It also downgraded the instrument ratings on the [...]
Chance to buy one of the world’s largest retailers cheaply June 20, 2019 By Rodney Hobson from interactive investor. After a temporary technical hitch, this highly resilient company should soon shake off the blip. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. He [...]