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Argos concessions to open in Sainsbury’s supermarkets

Posted:
30 January 2015 11:47

It has been reported that Sainsbury’s is to join forces with catalogue giant Argos and open concessions to use unwanted space in its supermarkets. Ten concessions will be opened originally to test the success of the scheme.Sainsbury’s chief executive Mike Coupe said the Argos outlets would bring something “new and ...read more

Amazon reports weak profits despite sales rise

Posted:
30 January 2015 11:47

Amazon has reported it had weaker profits over the Christmas holidays, although a 15% rise in sales kept investors happy.In the last three months of 2014 Amazon made a net profit of $214 million (£142 million) a fall of $25 million on the same period in 2013. The news comes ...read more

Men and young workers seeing “biggest falls in pay”

Posted:
30 January 2015 11:46

A new report from the Institute for Fiscal Studies has said that, despite the employment rate returning to its pre-crisis levels, wages remain well below their 2008 peak with men and younger workers hit the hardest.New analysis by IFS researchers shows that these changes have affected different groups in quite ...read more

UK retailers on-track for green goals

Posted:
30 January 2015 11:44

The British Retail Consortium BRC has said that UK retailers are on course to meet “ambitious” voluntary targets to reduce the direct environmental impact of their operations.In a progress update to its report a Better Retailing Climate (ABRC) released today, the BRC said that retailers are working in partnership with ...read more

Tesco lists stores to close

Posted:
29 January 2015 11:01

Supermarket chain Tesco has confirmed the 43 stores that it will be closing as part of plans to cut costs across the business. It is thought that approximately 2,000 staff will have their jobs cut from March 15th for Express and Homeplus stores and from April 4th for Metros and ...read more

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