High street – Page 16
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NewsWilko sells distribution centre to DHL for £48m
The business refinancing will let the homes and garden retailer improve its proposition and customer experience across its 402 stores and online, according to Wilko
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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NewsCity snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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NewsCity snapshot: Retail footfall slips back in October
Retail footfall remains almost 12% down on pre-pandemic levels after slipping back further in October amid rising inflation and energy bills
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NewsWilko raises entry-level pay for store and logistics staff
The privately-owned homes and garden retailer is also introducing a temporary further 50p-an-hour hike for logistics staff, lasting until the end of March 2023
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NewsBoots launches drive for 10,000 temp staff over Christmas
The retailer said new employees would be part of its enhanced staff discount programme, which was introduced to provide support during the cost of living crisis
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NewsBoots becomes latest retailer to partner with RangeMe to find new suppliers
It will give brands increased access to Boots’ buying team to help expand ranges, according to the retailer
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NewsPoundland not yet in compliance with rules on products high in fat, sugar or salt
A store visit on Monday (17 October) found non-HFSS compliant chocolates and sweets still lining the checkout queueing area and next to a checkout, contrary to the rules
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Comment & OpinionWaitrose’s free coffee may be grabbing headlines, but its Caffè Nero tie-up is the real news
Waitrose commercial director Charlotte Di Cello has hailed the partnership “an ideal fit” and hinted at “more benefits in the pipeline”
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NewsBoots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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NewsCity snapshot: UK retail footfall rises to post-pandemic high
UK footfall came within 10% of pre-pandemic levels for the first time in September, despite mounting pressure on consumer spending
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NewsWilko appoints Haulfryn’s Dave Murphy to new position of finance director
He previously served for six years at Pizza Express
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NewsCity snapshot: UK retail sales slump as consumers cut back spending
UK retail sales volumes slumped by 1.6% in August 2022, continuing a downward trend since summer 2021 as inflation and economic uncertainty hits consumer spending
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NewsOne Below becomes One Beyond as pricing strategy switches from ‘£1 or less’ to ‘from £1’
The discount chain was launched in early 2019 by Chris Edwards and his son of the same name, the duo who were behind Poundworld in its heyday
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NewsCity snapshot: ABF warns on profits as currencies and economic volatility weigh on Primark
ABF has warned its profits next year will be hit by the strength of the US dollar and ‘signficant market voility affecting costs’, which will hit margins at its Primark retail arm.
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NewsBoots launches 60-strong value range of essentials starting from 50p
The own-label range of 60 products is available online at Boots.com from today. It is due to be rolled out to over 1,000 stores over the next few weeks
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Comment & OpinionCelia Marsh inquest may make the case for more allergen action
The inquiry over the next three weeks will focus on the circumstances around Marsh’s death. Namely, how did a supposedly vegan yoghurt end up containing deadly traces of dairy?
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NewsCity snapshot: UK retail sales slow in August despite rising prices
UK retail sales growth slowed in August, with a small rise in sales making a much larger drop in volumes due to soaring inflation.
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NewsThe Original Factory Shop sees profit growth as concessions open in Co-op
The performance in the 12 months to 27 March 2022 was also up on a two-year basis
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NewsTributes paid to Poundland co-founder Keith Smith
The lengedary entrepreneur died on 12 August after a short battle with lung cancer, aged 79