Archive of all news articles – Page 811
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Media Bites 14 May: Tesco, Trade Credit, Alternative Meat
Tesco executives were able to enjoy a pay boost after online supermarket Ocado was removed from a group used to calculate comparative returns.
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City snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.
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Sainsbury’s and customers raise over £4m for Comic Relief and Children in Need
The supermarket is also donating more than 750,000 new items for men, women and children from its Tu clothing range to loc…
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M&S to reopen cafés for takeaway hot drinks
One member of staff will both make drinks and take payment, for better social distancing
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Poundland staff deliver care packages to frontline workers
More than 700 care packages were delivered over the VE bank holiday
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Müller sees yoghurt sales soar during lockdown
During the eight weeks to 18 April, volumes for the Corner brand as a whole rose by 14%
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Alpro creates coffee shop hardship fund
Supported by UK Coffee Week, the ‘In It Together’ Fund will make grants available to business owners to manage cashflow
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Number of suppliers experiencing GSCOP-related issues continues to fall
The percentage of suppliers claiming to have been affected by a code-related issue has fallen for the seventh consecutive year
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William Reed postpones UK Food Shows to April 2021
Organisers had hoped to run the shows in September
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Waitrose revamps Essential range with shift to sustainable packaging
The range has been relaunched with more than 200 new and refreshed lines
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Crowdcube reports activity resurgence as brands settle into ‘new normal’
The level of investment into businesses on Crowdcube reached £9.2m last month, up 58% on March
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Booze delivery startup Drinkly rebrands to reflect crisis operations
The Scottish startup has rebranded as Shoply and has been working to bring convenience stores’ full ranges onto the platform
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Poundland to reopen its 100 temporarily closed stores starting next week
Thirty-six stores will reopen from Monday 18 May with the rest to follow, the variety discounter said
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Government agrees plan to underwrite trade credit insurance
The move is designed to keep supply chains moving during the coronavirus crisis
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Co-op teams up with running clubs to launch volunteer shopping scheme
The retailer is connecting its most vulnerable customers with a volunteer to shop and deliver essential food supplies
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Chuckling Goat ads censured by ASA over immune system claims
”This is unfortunately one of those places where the government has not caught up with the science”, said the brand’s director Shann Jones
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City snapshot: Stock Spirits reports ‘minimal’ impact from coronavirus pandemic
Stock Spirits said trading remained resilient after reporting a 15% increase in first half revenues. Plus, UK retail sales dropped almost 20% in April, Applegreen enhances liquidity position and all the rest of the latest news from the City.
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Media Bites 13 May: Morrisons, Sainsbury’s, UK Retail
Online deliveries boost Morrisons’ first quarter sales, Sainsbury’s hand out almost £2m in bonus shares and Britain’s retailers warn of mounting risk of shop closures and job losses.
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Specialist food and drink stores see 40% sales hike in April
Online spending for eating and drinking – which includes takeaways – also saw growth of 24.6%
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Vegan protein powder brand Neat Nutrition turns to the crowd
The 2015-established company hit Crowdcube last week looking to raise a minimum of £125k