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H&M quarterly sales shrink 4%

December 15, 2017

The H&M Group has recorded an unexpected shrink in sales in its last quarter, as weaker in-store turnover and fewer visitors at its core brand stores held down full-year gains. The Swedish company – which owns fashion retailers Weekday, Cos, Arket, & Other Stories and the eponymous flagship H&M – posted a four per cent rise in global sales to 2.31 billion kr (£204 million) for the year.

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Alcohol and healthy foods dominate fastest growing grocery products in 2017

December 15, 2017

Fresh fruit, “free-from” food and alcohol have topped the list of the fastest growing grocery products in 2017. According to Nielsen’s annual analysis of sales at UK supermarkets and convenience stores, spend on fresh fruit grew 3.8 per cent or £176.4 million in 2017, while free from products saw an 18.7 per cent rise in spend representing a £146.6 million increase. Alcohol dominated the top 10 fastest growing products list with spirits, sparkling wine, ale and stout growing 3.8 per cent, 10.7 per cent and six per cent respectively throughout the year






Retail News

Sports Direct “reasonably happy” despite near 70% profit drop

December 15, 2017

Sports Direct is “reasonably happy” with its financial position according to its chief financial officer Jon Kempster, despite profits dropping nearly 70 per cent. Yesterday the sportswear retailer reported a 67 per cent drop in reported pre-tax profits to £45.8 million in its half-year results. Despite the seemingly negative financial reports, Kempster pointed out that EBITDA was up seven per cent to £156 million.






Retail News

Conviviality buys over 100 stores from P&H in £25m deal

December 15, 2017

Conviviality has announced a £25 million deal with the collapsed supplier Palmer & Harvey which will see it take control of more than 100 convenience stores. The alcohol wholesaler, which owns retailer Bargain Booze, has tabled a bid for Central Convenience including franchise rights, 127 convenience stores, 47 Post Offices, 18 franchisee-operated stores and 20 petrol stations. READ MORE:  Costcutter adds Nisa to wholesale network in wake of Palmer & Harvey collapse Eight million Conviviality shares were placed on the London Stock Exchange at 375p each as the company hopes to raise £30 million to fund the acquisition






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MPs press Amazon on delivery driver treatment following expose

December 15, 2017

MPs from two separate committees have penned a letter to Amazon’s UK managing director Doug Gurr following revelations last month that delivery drivers were being paid below Minimum Wage. Head of the Works and Pensions Committee Frank Field together with Rachel Reeves of the Business Energy and Industrial Strategy Committee have pressed Gurr on what measures Amazon has taken to ensure drivers are paid fairly and are working safely






Retail News

MPs press Amazon on delivery driver treatment following expose

December 15, 2017

MPs from two separate committees have penned a letter to Amazon’s UK managing director Doug Gurr following revelations last month that delivery drivers were being paid below Minimum Wage. Head of the Works and Pensions Committee Frank Field together with Rachel Reeves of the Business Energy and Industrial Strategy Committee have pressed Gurr on what measures Amazon has taken to ensure drivers are paid fairly and are working safely






Retail News

MPs press Amazon on delivery driver treatment following expose

December 15, 2017

MPs from two separate committees have penned a letter to Amazon’s UK managing director Doug Gurr following revelations last month that delivery drivers were being paid below Minimum Wage. Head of the Works and Pensions Committee Frank Field together with Rachel Reeves of the Business Energy and Industrial Strategy Committee have pressed Gurr on what measures Amazon has taken to ensure drivers are paid fairly and are working safely






Retail News

Steinhoff chairman Christo Wiese quits as scandal develops

December 15, 2017

The embattled retail group Steinhoff has been dealt another major blow as its interim boss and chairman Christo Wiese quits.






Retail News

Steinhoff chairman Christo Wiese quits as scandal develops

December 15, 2017

The embattled retail group Steinhoff has been dealt another major blow as its interim boss and chairman Christo Wiese quits.






Retail News

Steinhoff chairman Christo Wiese quits as scandal develops

December 15, 2017

The embattled retail group Steinhoff has been dealt another major blow as its interim boss and chairman Christo Wiese quits.






Retail News