Discount supermarket chain Aldi has announced it is releasing its first range of Fairtrade cotton T-shirts as part of its sustainable business development programme. Starting from today, Aldi will be selling men’s and ladies T-shirts at a price of £3.99. Jonathan Neale, Joint managing director for corporate buying, said: “We’re proud to...
Tesco’s recent price-matching Brand Guarantee advert has been banned after the industry watchdog labelled it “misleading”. The UK’s largest supermarket’s rival, Sainsbury’s made a complaint to the Advertising Standards Authority (ASA) saying that the 10 items necessary to be eligible for the discount was not clear. To qualify for your money back...
Leisure and Hospitality group Whitbread has reported total sales growth of 10.4% and announced that it is on-track to deliver full-year results in-line with expectations. This was largely due to its coffee chain Costa, which grew its worldwide total sales by 14.2% and like for like UK sales by 3.0%...
The BRC-Nielsen Shop Price Index has shown that overall shop prices reported deflation of 2.0% in February from 1.8% in January, the 34th consecutive month that prices have fallen. BRC chief executive, Helen Dickinson OBE, said: "Another fall in shop prices was seen in February, down 2.0 per cent compared with a...
It has been announced today that the chief executive of Poundland, Jim McCarthy is to step down with Kevin O’Byrne, former Dixons Retail and Kingfisher director, to take over. Mr O’Byrne will be joining the company on 4th April, becoming chief executive on 1st July. Poundland chairman, Darren Shapland, said: "Jim has...
Research conducted by The Independent Review of Retirement Income (IRRI) and a two year review by the Labour Party has concluded that workers should double their pension savings. At present, workers are saving an average of 4.7%, however it has been suggested that they should be saving 15%. Director of the Pensions...
Waitrose has announced that Ben Stimson has taken on the role of retail director from Rob Collins who will be appointed managing director on 4th April, succeeding Mark Price who is stepping down to become Minister of State for Trade & Investment. Mr Collins said: “Ben is a talented individual who...
Flash sales site Vente-Privee has acquired digital image and software supplier SpinMe, whose clients include Selfridges, Macy’s, Tesco, Wiggle, BHS, Halfrods and Schuh. SpinMe uses imaging technology to display products in a unique, interactive way which mimics the experience of being in-store. Ilan Benhaim, co-founder of Vente-Privee and new chairman of SpinMe,...
DIY chain Homebase, recently bought by Australian group Wesfarmers from Home Retail Group, is to be re-branded in line with the group’s existing Bunnings name. Wesfarmers managing director Richard Goyder said: “We welcome our new employees and are excited about the opportunity to bring the best of Bunnings to the UK...
Starbucks is to partner with developer Percassi to open stores across Italy for the first time in its 33-year history. Starbucks CEO Howard Schultz said that it was a trip to Milan and Verona which inspired him with the “theatre, romance, art and magic of experiencing espresso”. The company opened in Britain...
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