Aldi reclaims crown as UK’s fastest-growing grocer
Aldi has reclaimed its crown as the UK’s fastest-growing grocer, with sales surging 15.1 per cent year-on-year in the latest quarter. The news comes amid the latest grocery market share figures from Kantar Worldpanel, which show overall grocery sales in the UK...
read moreCan New Look’s fall out of fashion be fixed?
When New Look founder Tom Singh opened the doors of his first shop in Taunton in 1969, he did so with a rag-trader’s self-confidence in picking best sellers. Over the years he has put the fashion chain’s rise in popularity down to his instinct for picking fashion...
read moreAsda posts worst annual figures since Walmart takeover
Asda has posted its worst annual figures since being taken over by the American grocer Walmart, as fierce competition in the UK supermarket sector took its toll. Britain’s third biggest supermarket chain admitted performance was “behind expectations” after pre-tax...
read moreLidl to open 60 stores a year in £1.45bn UK push
German discount grocer has Lidl announced plans to open “at least one shop a week” amid £1.45 billion expansion push. Speaking to the Telegraph the retailer’s UK chief executive Christian Härtnagel said that he plans to open a further 60 stores per year in the UK,...
read moreSainsbury’s keeps lid on key food prices in face of inflation
Prices of many staple items at Sainsbury’s remain cheaper than they were three years ago, despite greater food price inflation. Everyday purchases such as broccoli, chicken and milk are all cheaper, Sainsbury’s chief executive Mike Coupe said as he updated on...
read moreTesco continues savings drive as it cuts 1,200 head-office jobs
Tesco is to cut 1,200 jobs at its head office, only a week after announcing that 1,100 jobs would be axed at a call centre, as its chief executive, Dave Lewis, presses on with a cost-cutting drive. The UK’s largest supermarket chain told staff of the cuts on Wednesday...
read moreTesco reports sixth quarter of like-for-like sales growth
The supermarket’s group like-for-like sales edged up 1% in its first quarter. UK like-for-like sales increased by 2.3% with the rise driven by 2.7% like-for-like growth in food. Total volume growth in the UK remained positive and similar to the fourth quarter as Tesco...
read morePrice cuts help push Morrisons sales up as recovery gathers steam
orrisons’ turnaround has been given another shot in the arm after recording the best sales growth out of its “big four” rivals. The Bradford-based grocer beat City estimates by posting a 3.4pc lift in like-for-like sales during the 13 weeks to April 30. For the...
read moreNext shares hit as it cuts profit outlook
Fashion chain Next’s shares have dropped 6% with investors disappointed by its latest trading update. The High Street retailer warned the market “remains challenging” as it reported a 2.5% drop in total sales for the past three months. Next also cut...
read moreClothing and footwear retail prices fall in April
Clothing and footwear prices fell in stores last month, down 5.4% on the previous April. However, prices crept up 0.1% compared with the previous month, the British Retail Consortium (BRC)-Nielsen Shop Price Index shows. Overall shop prices reported deflation of 0.5%...
read more700 jobs under threat as Jaeger falls into administration
Fashion chain Jaeger has collapsed into administration, putting 700 high street jobs at risk. The group’s directors have appointed AlixPartners to oversee the process following failed attempts by the company’s private equity owner, Better Capital, to sell...
read moreTesco axes 24-hour opening at more stores
Tesco is calling time on 24-hour opening at more of its stores as part of a swathe of operational changes affecting 3,000 staff. The supermarket giant is moving to a night-to-day replenishment model in 69 of its largest sheds, axing round-the-clock opening hours in...
read moreBoohoo figures “at the top end” of estimates following strong sales
Boohoo has hailed strong trading since its last results in January, leading to high expectations for its profits. The online fashion retailer has stated in a trading update before its preliminary results in April that it anticipates profits will be at the forefront of...
read moreGloucester Quays signs on new Ted Baker outlet store
British fashion retailer Ted Baker is poised to open a new outlet centre at Gloucester Quays later this year. The 2200sq ft store will stock the brand’s menswear, womenswear and accessory collections. Ted Baker is the latest in a string of recent signings for the...
read moreWaitrose voted UK’s best supermarket
Waitrose, Iceland and Marks & Spencer have bagged the top slots in a supermarket survey based on customers’ levels of satisfaction when shopping in store and online. The upmarket grocer topped the “bricks and mortar” table in the annual poll by consumer group...
read moreAldi becomes UK’s fifth largest supermarket
Aldi has overtaken the Co-op to become the UK’s fifth largest grocer as the discount supermarket stepped up the pace of growth in January. The German retailer increased its market share to 6.2% in the 12 weeks to 29 January compared with 6% for the previous three...
read moreBooker bosses attempt to douse fears of Tesco merger monopoly
Booker’s bosses will embark on a tour of the UK this week, with plans to address the concerns of thousands of convenience store owners fearful of the implications of the shock Tesco merger. As part of a UK-wide tour, chief executive Charles Wilson and managing...
read moreAsda recognised as one of UK’s top apprentice employers in Centrica Top 100 list
Asda has been included in the Centrica Top 100 Apprenticeship Employer list as one of the UK’s leading employers of apprentices – the only one of the big four supermarkets to be included on the list. Announced on Friday 20 January at the National Apprenticeship...
read morePremier Foods’ shares tank on profit warning and rising costs
remier Foods’ shares have crashed by 16pc after the Mr Kipling maker warned that its profits would be 10pc lower than it had hoped. The British food company blamed the disappointing update on rising commodity costs, exacerbated by the weaker pound, and...
read moreBoohoo beats City forecasts as online retail trumps the high street
Boohoo has delivered fresh evidence of online retailers storming past their high street fashion rivals after beating bullish City forecasts with soaring sales. The online retailer, which targets fashion conscious teens and twenty-somethings, has posted a 55pc jump in...
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