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The Co-operative has announced plans to invest £125 million to reduce the prices of fresh fruit and vegetables across their 2,800 stores.The retailer is in a price war with discount retailers Lidl and Aldi, as well as the ‘big four’ supermarkets. In an effort to stay afloat they will soon...
Low-cost retailer Poundland has reported that its annual profits have increased, however the first half of the new financial year will be “relatively subdued”.Figures show that pre-tax profits increased 68.3% to £36.2 million leading to 29th March and an increase in sales by 11.9% to £1.12 billion, the first time...
Retail giant Marks and Spencer has opened its biggest franchise store in the heart of Waterloo station in partnership with SSP.The store, which covers 9,500 sq ft (883 sq m) and is over two floors, offers food on the ground floor and its clothing selection on the first floor.M&S are...
Figures released by leisure group Whitbread have shown a 4.3% rise in first quarter total sales, driven by increasing demand in its Costa Coffee business. Whitbread chairman, Richard Baker said: "I am pleased to confirm that Alison Brittain will now be joining Whitbread as chief executive designate on 28 September. Alison...
It has been announced that Grant O’Brien the chief executive of Australia’s biggest supermarket chain, Woolworths, has resigned.Mr O’Brien resigns after almost four years ahead of plans to cut 1,200 jobs as part of a “strategic change”.After the supermarket saw its first-half profits drop, it announced plans to bring back...
A report from the Chartered Institute of Personnel and Development (CIPD) has revealed that organisations are experiencing escalating skills shortages and increased competition for talent.The Resourcing and Talent Planning survey, launching today at the CIPD’s Recruitment Exhibition found that 78% of organisations have reported recruitment difficulties in the last year...
Official figures have shown a fall in unemployment for the three months to April, with 1.05 million people in work, 114,000 more than in the three months to January 2015 and 424,000 more than a year earlier.The unemployment rate for February to April 2015 was 5.5%, down from 6.6% a...
Luxury online retailer Net-a-Porter has announced record financial results for its last full year before merging with Italian online giant Yoox.Double digit growth in its core markets such as the UK and the US as well as £13.8 million worth of investment in digital innovation. This included the UK’s first...
Hudson’s Bay Company, which owns Saks, has agreed a deal to buy up struggling German department store chain Galeria Kaufhof. The group, which bought the American luxury department store in 2013, is expected to pay €2.8bn (£2.03bn) for the 136-year-old Kaufhof chain, which includes 120 stores across Germany. The deal is...
Gap is gearing up for a significant restructure of its North American division, which the company say is predicted to save it approximately $25 million per year and make the company “faster and more decisive”.The changes include the closure of 175 underperforming stores in North America and 250 corporate jobs. The...
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