Wickes sales grow 5.2% as energy-saving products provide boost
Wickes has announced that its like-for-like sales grew by 5.2% in Q4 up to 31 December, as it saw strong demand for energy-saving products such as loft insulation and draught excluders. Its “Do It For...
View ArticleGrocery Price inflation hits record 16.7%
Grocery price inflation hit a record 16.7% in the four weeks to 22 January 2023, according to Kantar, the highest level since it started tracking the figure in 2008. Overall take-home grocery sales...
View ArticleJohn Lewis customer director steps down amid role consolidation
John Lewis has announced it is consolidating its customer relations management, with Charlotte Lock taking on the newly created role combining its pan-partnership customer and capabilities teams. Lock...
View ArticleCanada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale shipments and lower revenue in Mainland China related to Covid-19...
View ArticleMike Ashley eyes two shopping centres in £100m deal
Mike Ashley has lined up a £100m acquisition of two shopping centres, according to The Times. Frasers Group is in advanced talks to buy the Overgate centre in Dundee for £30m, along with The Mall in...
View ArticleGrocery sales rise 7.6% due to food price inflation
Total till grocery sales rose by 7.6% in the four week period to January 28, but this was due to an increase in food price inflation, which reached new highs of 13.8% in January, according to the...
View ArticleSainsbury’s unveils Black founder-led brands amid £1m incubator success
Sainsbury’s has announced the first three Black founder-led brands to be hitting shelves this year after being selected to take part in Thrive with Sainsbury’s – its £1m incubator programme....
View ArticleWhat the Amazon strikes mean for the retail industry
Last month, Amazon workers staged its first ever strike in the UK, with hundreds of fulfilment centre employees voting to walk out “in anger” over the company’s 50p per hour pay offer and poor working...
View ArticleSeasalt partners with Reskinned for new takeback and resale scheme
Seasalt has announced it has partnered with Reskinned, to launch a new takeback and resale scheme. As part of the scheme, Seasalt has committed to taking in old clothes from customers, repairing them,...
View ArticleWatches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company...
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