Retail news
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Non-food inflation falls to zero
- Posted:
- 08 February 2012 10:06
The BRC-Nielsen Shop Price Index (SPI) today reported that shop price inflation in the non-food category has fallen to zero. Overall SPI fell to 1.4% in January from 1.7% in December. This is the lowest inflation rate since March 2010. Food inflation slowed to 3.7%, the lowest since July 2010.The ...read more
Virgin reveals first class overhaul
- Posted:
- 07 February 2012 09:48
Sir Richard Branson's airline, Virgin Atlantic, has pledged £100 million to be spent on improving its first class cabins. The changes, aimed at improving Virgin's share of the business traveller market, include better seats, a futuristic bar and other cabin updates.Travellers in first class - called upper class by Virgin ...read more
Argos appoints new boss
- Posted:
- 02 February 2012 09:48
American businessman John Walden, who has held senior positions at BestBuy and department store Sears has taken on the task of reviving catalogue chain Argos.Mr Walden, whose retail career began in the 1990s when he was chief operating officer at internet grocery operation Peapod, will bring a "valuable, fresh perspective" ...read more
Tesco sees first market share dip in seven years
- Posted:
- 01 February 2012 09:57
Tesco has seen its share of the grocery market dip below 30% for the first time in nearly seven years as it struggled to compete with low-cost rivals in the sector, figures showed today.Tesco's drop in market share, to its lowest level since May 2005, came as Sainsbury's took its ...read more
Northern Ireland introduces shopping bag tax
- Posted:
- 31 January 2012 10:03
A 5p tax on plastic, single-use carrier bags will be introduced in Northern Ireland next year.The levy will double in 2014, when a 10p charge on the more durable multi-use shopping bags will also be brought in, according to Stormont Environment Minister Alex Attwood.Northern Ireland will become the second UK ...read more
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