Channels news – Page 531
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NewsM&S profits plunge 62% amid store closure costs
Marks and Spencer’s pre-tax profits have plunged by 62.1% to £66.8m for the year, with performance hit by tightening food margins and the cost of store closures.
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NewsClosure of Tesco Direct non-food website puts 500 jobs at risk
New CEO Charles Wilson said Tesco Direct will cease trading on 9 July. The Fenny Lock fulfilment centre will also close
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NewsHotel Chocolat extends swap offer in Waitrose 'copycat' row
An HC spokeswoman said more than 200 of the £2 Waitrose bars had been swapped for its own £3.95 slabs over the weekend
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NewsFormer Dixons chief Bickerstaffe to join M&S board
Bickerstaffe has previously held senior roles at Somerfield and Kwik Save
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NewsMarks & Spencer to close more than 100 stores by 2022
M&S said the closures were in line with its target to take at least a third of sales online and here will also be 15 fewer Simply Food stores opening this year as it scales back its Food business plans
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NewsBurnley shakes up Asda management with Nick Jones appointment
The move will allow CMO Jesús Lorente to focus on the food side of the business
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NewsWaitrose trialling black plastic alternatives this month
Retailer is switching the black plastic on ready meals, drinks bottles and meat
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NewsPoundland links with Greencore for chilled food supply deal
Previous chilled and fresh supplier Kerryfresh fell into administration in March
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NewsTesco Asia boss Hoggett returns as UK COO in shakeup at top
Former chief people officer Alison Horner takes over as Asia CEO, and Natasha Adams is promoted to chief people officer
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NewsEat 17 taps healthy convenience trend with new homemade range
The range spans 72 lines and encompasses sandwiches and wraps, dinner options, sides and desserts
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NewsGovernment keeps 'open mind' on latte levy
Environmental Audit Committee chair Mary Creagh blasted the government’s unwillingness to ban disposable cups
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NewsSupermarkets appeal against extra ATM rates demands
Case is being brought by retailers including Tesco, Sainsbury’s and the Co-op
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NewsIceland installs first machine in DRS trial
The Co-op is also launching a DRS trial with reverse vending machines across four major music festivals this summer
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NewsM&S store closures could rise from 60 to 100, reports suggest
Like-for-like food sales are set to be down 0.2%, with clothing and home like-for-likes down 1.1%
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NewsJohn Menzies upbeat despite distribution arm sale delay
Menzies said it remained fully engaged with a number of potential buyers
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NewsMedia Bites 21 May: Lidl, Sainsbury's/Asda, M&S
Lidl is planning an online delivery service in yet another assault against the UK’s biggest supermarket chains, writes The Daily Mail.
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NewsCostcutter appoints Mike Hollis as retail director
Hollis joins Costcutter from Wickes, where he worked as COO for three-and-a-half years
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NewsSpar rapped over 'everyday wines' press releases
Alcohol Concern Wales complained that Spar’s phrasing in two releases alluded to drinking the product every day
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NewsBest-one recruits 125 stores in first four months of the year
Bestway previously said it had signed up 60 ex-Costcutter and Mace stores to Best-one in February
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NewsHotel Chocolat offers Waitrose customers chocolate slab swaps
Shoppers can trade in £2 Waitrose ‘copycat’ bars for the original £3.95 version