Sainsbury’s has seen a loss of £290 million on flat retail sales in the half year to September 27th, as the grocery sector undergoes “structural change”.The UK’s third-largest supermarket said that the effects of customers shopping more frequently as well as using online, convenience and discounters more meant that like-for-like...
Sports Direct founder Mike Ashley, owner of Newcastle United, has revealed that he plans to open 200 gyms which will offer membership from just £5 per month."This will be affordable fitness on an unprecedented scale," said a spokesman for Sports Direct. “It will revolutionise the market by making private gym...
New runways at Gatwick and Heathrow could cost up to £3.4 billion more than the airports claim, according to a report from the airport commission.In an assessment of the options to increase airport capacity in the south east of England, three options have been considered – an extension to an...
An anti-Valentine’s Day celebration adopted by online retailer Alibaba to boost sales is expected to see record-breaking results for the Chinese company after it sold $2 billion (£1.2 billion) of goods in the first hour alone. The country’s annual Singles Day began in 1993 when students created a day for...
Discount supermarket chain Aldi has announced it is set to create 35,000 new jobs in Britain in the coming eight years, looking to double their number of supermarkets by 2022.Aldi has confirmed a £600 million investment to expand operations in the UK over the next two years, with plans to...
An 18-month study of over 4,000 bottles of wine has concluded that Lidl is the best supermarket in terms of value for money.Researchers from the Wotwine app sampled wines from every UK supermarket (Asda, Aldi, the Co-op, Lidl, Marks & Spencer, Morrisons, Sainsbury's, Tesco and Waitrose).The study found that nearly...
Luxury department store Harrods is considering expanding its banking operations into retail banking, according to reports.Harrods Bank, established in 1893, currently concentrates on private, high net worth banking clients, but now looks likely to launch a standard savings account from 2015, according to the Financial Times.The bank currently resides on...
The Confederation of British Industry has said that the Government should do more to support working families by making childcare more affordable.The business leaders’ group said that the slow pace of economic recovery meant that families and people on low incomes were still struggling.The average couple with two children saw...
A shopper is thought to have killed himself after falling to his death from a third floor escalator at Debenhams’ Oxford Street store at 6.15pm yesterday.A Met police spokesman said: “Police were called to Debenhams in Oxford Street to a man who had fallen from an escalator. Police and London...
Sainsbury’s has opened the first of 15 stores with budget chain Netto in Leeds, taking the national chain into the £10 billion discount sector for the first time.The move marks a return to the UK for Netto, which sold its 193 stores to Asda four years ago. The stores will...
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