Retail news
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Budget stores jump up customer satisfaction rankings
- Posted:
- 15 December 2011 09:55
Budget stores Aldi and Lidl have outperformed Marks & Spencer for the first time in an annual supermarket satisfaction report.The Which? survey of more than 11,000 members placed Waitrose in the top spot for the third year running, receiving a score of 83% and praise for its staff and products.Aldi ...read more
Thomas Cook to close 200 stores
- Posted:
- 14 December 2011 10:20
Thomas Cook today said it will close 200 stores over the next two years as it battles to turn around its ailing UK business.It had already said it expects to close about 75 sites following its merger with the Co-op's UK high street travel business, which left it with more ...read more
Co-op chief drums up support for charity
- Posted:
- 09 December 2011 10:06
The boss of the Co-operative Group is drumming up support for charity by appearing in a band to raise money for Mencap.Chief executive Peter Marks is part of an eight-piece group of Co-op employees who have recorded a version of Take That's Greatest Day, with proceeds going to Mencap and ...read more
Discount shops to boost food sales
- Posted:
- 05 December 2011 09:49
Discount retailers are expected to drive a near 20% expansion of the wider food and grocery market over the next five years to a total worth of £184 billion.The UK food and grocery market, valued this year at £156.8 billion by IGD Retail Analysis, will expand as discount retailers, such ...read more
Thomas Cook in cashflow talks
- Posted:
- 22 November 2011 10:41
Thomas Cook said today that it is in further talks with its banks to shore up its finances after trade continued to decline amid dropping consumer confidence.The tour operator wants to adjust the size of its debts to boost cashflow through the seasonal low-point of December to January - following ...read more
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