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Paul Polman, chief executive of Unilever, has said that global goods giant Unilever suffered a “challenging” 2015, seeing profits fall 5% and said that 2016 would be a year of “high volatility”. Emerging markets, where Unilever makes 58% of its sales, grew 7.1%, although there was little, if any, growth in...
Data from the British Retail Consortium and Springboard has revealed that footfall in the UK was down in 2.2% in December, marginally lower than the 2.1% decline in November and underperforming the three-month average rate of -1.6%. Footfall in retail park locations increased 2.1% year-on-year. This is slightly above November's 2.0%...
Small businesses have accused healthcare retailer Holland & Barrett of squeezing suppliers by demanding they contribute to the retailer’s expansion plans. In a letter sent earlier this month, the retailer said that it was asking for a decrease of at least 5% in supplier costs to contribute to its recovery following...
Adidas’ shares have risen more than 5% after the German sportswear firm named its new chief executive. Kaspar Rorsted, who Adidas called the "perfect candidate", will take over on October 1st. Mr Rorsted is currently the boss of Henkel, whose brands include Persil detergent and Schwarzkopf shampoo. He replaces Herbert Hainer, who...
Britain’s third largest supermarket chain, Asda, will be cutting hundreds of jobs due to fierce competition from discount rivals in the increasingly challenging grocery sector. Asda is owned by the world’s biggest retailer Wal-mart, which announced its first ever bulk store closure last week. Sky News has reported that Asda will...
Home Retail Group has accepted an offer from Australian group Wesfarmers to buy the Homebase chain for £340 million. In a statement, John Coombe, chairman of Home Retail Group, said: "We are very pleased to have reached agreement with Wesfarmers regarding the sale of Homebase. We believe that this is the...
Waitrose has said that it will speed up payments to smaller suppliers after it was reported to be taking three times longer than Tesco to pay its bills. The supermarket has appointed its director of commercial operations Matthew Frost to lead a review into supplier terms. One supplier, who wished to remain...
A "significant” growth in online sales has helped drive a strong Christmas trading performance for Fortnum & Mason. At the end of a year the upmarket retailer posted a 31% rise in annual profits, Fortnum & Mason's like-for-like sales over the five weeks up to 3rd January showed a 15%...
Bonmarche had a shaky Christmas, with like-for-like sales across its 310 stores dropping by 1.3% in the 13 weeks to 26th December. This was balanced by a 3.9% rise in ecommerce, while total sales for the quarter increased by 3.4%. In-store sales declined by 2.7% and online trading also fell 2.4%...
It has been announced that BT and EE are to finally merge after being given the go-ahead from the Competition and Markets Authority (CMA). The acquisition, which has been in the planning since March 2015 and been beset by doubts that it could lead to substantial lessening of competition (SLC) in...
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