Mark Price, the managing director of Waitrose, will become a minister of state at the foreign office when he steps down from the grocery chain in the spring. Mr Price has been with the John Lewis Partnership for 30 years and has been a strong advocate of the employee-centric business. He...
Popular fashion retailer New Look has announced that its UK like-for-like sales increased 4.3% in its third quarter thanks to a “robust” Christmas period. Figures show that pre-tax profit rose 38.9% to £87.9 million and revenue rose 5.6% to £1.7 billion in the 39 weeks to 26th December. Chief executive, Anders Kristiansen,...
It has been reported that online grocer Ocado and Cambridge Consultants, the global product development technology consultancy will work together to make Ocado’s warehouse systems more efficient. It is the latest move by the grocer to make deliveries faster and more accurately than any other player in the market. An update...
Pub and brewing group Greene King has said that a strong Christmas performance was behind a rise in sales as more customers visited pubs for lunch and dinner as opposed to just drinks. Combined Retail sales were up 67% after 40 weeks benefitting from a 33 week contribution from the Spirit...
Homeware retailer Dunelm has said that its three-part growth strategy is showing success with growing like-for-like sales, rolling out new stores, and growing its home delivery channel. In the 26 weeks to January 2nd, total sales grew 10.3% and like-for-like sales were up 4.6%, underpinned by strong performance from curtains and...
Agent Provocateur’s chief executive Garry Hogarth has stepped down ahead of a possible sale of the luxury lingerie chain by its private equity owners 3i. Mr Hogarth was with the business for nearly 10 years having joined when the company was still being run as a small enterprise of 14 shops....
Giles Brook, the boss of coconut water brand Vita Coco has accused Tesco suppliers of ”bleating” about “unfair” treatment at the hands of the supermarket and to accept that “business is business”. The move follows a report from the Grocery Code Adjudicator which said that Tesco “seriously breached a legally binding...
Fashion and homeware retailer and former Arcadia stablemate BHS is reportedly planning the next stage of its revamp after being bought out by Retail Acquisitions last year. The next phase will involve the closure of at least 30 of 50 unprofitable stores already earmarked for relocation or sale and a plan...
Results from Kantar Worldpanel show that Sainsbury’s outperformed the other ‘big four’ grocers. In November, the company said that it had delivered operating cost savings of £115 million in the first half of the year. Full year cost savings are now expected to be around £225 million and the group said...
It has been reported that fashion retailer Next has called an emergency shareholder meeting due to the company paying dividends on four occasions without informing Companies House that it had the money. The situation was brought to light due to 11 shareholders coming forward in October 2014 saying they had written...
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