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Figures from the BRC-Nielsen shop price index showed that food prices fell for the first time in at least eight years as price wars between the major grocery retailers took their toll.Although good news for consumers, it means that pressure on retailers’ margins will be increased in the run-up to...
The Chancellor has announced a review of business rates in order to give help to the high street as it struggles to compete against online businesses.Help for smaller companies is also one of the announcements expected when George Osborne presents his autumn statement today.Business rates are calculated according to the...
Mulberry has announced that freelance fashion consultant Julie Gilhart has joined the board as an independent non-executive director with immediate effect.Ms Gilhart has worked with clients including Amazon.com and LVMH. She previously spent 18 years in various roles at Barneys New York, most recently as fashion director.Godfrey Davis, Mulberry’s executive...
Online shopping is predicted to boost retail sales in Northern Ireland by 4% this year, with the rise of “click and collect’ shopping expected to double on last year.A study from Deloitte said that hoppers are due to spend £42.4 billion throughout the UK this December — an increase of...
Matt Simister, one of the Tesco executives suspended after the company’s profit mis-statement, is due to return to his post. Four of the suspended executives are understood to have left the business, although they have not been named.The news comes in the same week as a reshuffle at the company....
Airline Lufthansa has been forced to cancel 1,350 flights due to pilots preparing to go on strike as talks over retirement benefits collapsed.The latest strike will be the ninth one since April and both short-haul and medium-haul flights will be affected, as well as long-haul flights being affected from Tuesday.The...
Amazon UK has said that Black Friday was the busiest day it has ever seen, with approximately 64 items sold per second. The figures, which included over 5.5 million goods sold in total at the website, came against a backdrop of scuffles in stores around the UK as customers fought...
A wide-ranging overhaul of product and supply chain at clothing retailer Bonmarché has paid off with a rise in both sales and profits.The Wakefield retailer saw pre-tax profit almost double to £6.3 million from £3.7 million for the 26-week period to September 27th.The company put the improvements down to an...
Fights have broken out and the police have had to be called after customers queued all night and shoppers overran supermarkets as Black Friday hit the UK.Officers were called to at least four supermarkets in London alone as shoppers surged into stores. Police were also called to incidents in Manchester,...
One of the Tesco executives suspended earlier this year over the company’s profit misstatement has left the company, according to the reports.Eight executives were suspended by the company following the announcement in September that it had overstated its profit expectations by £260 million.Tesco declined to comment on the departure of...
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