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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...
Bakery chain Greggs has seen sales rise 5.2% to £835.7 million after healthier options and an extended breakfast menu paid off in 2015. The company has been undergoing a programme designed to transform it from a traditional bakery into a modern, on-the-go food retailer. Now in its second year of the...
It has been announced that Beatrice Lazat is to become the new human resources director at Kering, the group that owns luxury brands including Stella McCartney, Gucci and Alexander McQueen. Reporting to managing director, Jean-Francois Palus, Ms Lazat will join the company on the 3rd March as a member of the...
London’s Marble Arch Business Improvement District (BID) has been voted to head up a new programme of investment in the area by 78% of local businesses, which will see £2.5 million invested in the area over five years. Westminster City Council ran a formal ballot for businesses to submit their votes...
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