John Lewis set to announce job cuts and store closures July 1, 2020 Department store giant John Lewis is planning to slash jobs and close some of its stores as the coronavirus crisis continues to weigh on the retail sector. John Lewis has so far reopened 22 of its 50 UK stores as the lockdown begins to ease, but said it is likely that some shops will remain [...]
A Machiavellian mastermind or a naïve kid? The story of the Flash Crash Trader June 5, 2020 On a cold morning in April 2015, half a dozen FBI agents and police officers pulled up outside a modest semi-detached house in Hounslow to arrest a man they considered to be among the most prolific and dangerous market manipulators in the world. Their target, Navinder Singh Sarao, had accumulated $70m buying and selling futures [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
When Moon? A momentous last week June 2, 2020 When Moon? A phrase often used in the crypto space to describe when a coin price will blast off in value. This week we have seen Bitcoin finally rebreach the US$10,000 and notably my friends at Cardano saw their market cap increase 52% catapulting it back into the top 10 cryptocurrency chart by value for [...]
John Lewis reveals first 13 stores to reopen next month May 27, 2020 John Lewis has revealed further details of its plans to phase the reopening of its department stores, saying 13 shops will be open by 18 June. The high street retailer announced today that its department stores in Poole and Kingston will reopen on 15 June, which is the first day non-essential retailers are allowed to [...]
John Lewis to phase reopening of department stores from 15 June May 26, 2020 Department store chain John Lewis said it will open its stores on a “phased basis” after the government said non-essential retailers could reopen from 15 June. The retailer did not say how many of its 50 stores would open in mid-June, but said that the reopening would be phased to test in-store changes required to [...]
Aldi launches grocery delivery trial with Deliveroo May 18, 2020 Budget supermarket Aldi has announced that it will launch its first grocery delivery service today in partnership with Deliveroo. The retailer will trial a rapid delivery service from a store in Nottingham before extending the service to a further seven East Midlands stores next month. The German grocer said it could roll the service out [...]
UK lockdown: Shoppers spend more on booze, beauty and crafts May 7, 2020 Brits have been splashing out on tequila, crafts and their beauty and exercise regimes during the UK lockdown, according to the latest data on consumer spending. The data from John Lewis showed that sales of skincare products jumped 183 per cent and facial masks are hair treatments soared 187 per cent during the UK coronavirus [...]
Waitrose hires ex-Sainsbury’s director as new boss April 29, 2020 Waitrose has appointed former Sainsbury’s buying director James Bailey as its new boss to steer the supermarket through the coronavirus crisis. Bailey, who worked for Sainsbury’s for 18 years, will join the John Lewis Partnership as an executive director today and will be responsible for managing the supermarket’s response to the coronavirus pandemic. He will [...]
Full-year sales at John Lewis stores could fall 35 per cent April 21, 2020 Full-year sales at John Lewis could fall around 35 per cent, around double the current level, as the department store faces a significant drop in demand due to the coronavirus pandemic. The department store said a 35 per cent drop would be the worst case scenario, assuming a significant drop between April and June, and [...]