Grocery giant Co-op has become the target of an investigation by an industry regulator over its treatment of suppliers. According to the Groceries Code Adjudicator (GCA), a supermarket regulatory body set up to ensure large supermarkets treat suppliers fairly, the retailer is suspected of breaching GCA rules in the way it de-listed its suppliers.
A score of House of Fraser’s suppliers will be adversely impacted by a credit insurer’s decision to stop offering cover.
Amazon has announced plans to build a new warehouse in Rugby that will create 400 jobs to help meet growing demand for the online retail giant. The fulfilment centre in Rugby will be Amazon’s fourth in the Midlands, and will further add to the 2500 permanent jobs it has reportedly already created in the region at warehouses in Rugeley, Coalville and Daventry. It also adds to Amazon’s £6.4 billion investment in the UK since 2010, directed to its research and development, head office, fulfilment and logistics infrastructure
Palmer & Harvey had debts of over £700 million when it collapsed last year, according to an administrators’ report published this week. Almost 3000 have been made since the groceries wholesaler – which supplied goods to 90,000 grocery and convenience stores including Tesco, Sainsbury’s and Costcutters – went into administration in November
Arcadia Group has dealt a “significant hit” to clothing suppliers by demanding a lower price for any orders made, in signs the fashion giant could be struggling.
Blockchain continues to edge its way into retail-related applications, as IBM and Maersk look to use it to improve international supply chain processes.
In 2000 the number of 16-34-year olds who owned a house in the UK was 53 per cent, while the number of over 65s in the same position sat at 68 per cent. In 2016 this gap increased to 34 per cent and 77 per cent respectively.
Nisa has released its Christmas trading update, reporting an increase in sales boosted by large contracts which grew its supplier network. In the 10 weeks to December 31 Nisa’s sales rose 17.7 per cent to £277 million, while like for like sales increased by 1.7 per cent. The standout sales performers were pre-pack fruit, pre-pack vegetables and ready meals up 38.1 per cent, 38.6 per cent and 43.7 per cent respectively.
Tesco’s £3.7 billion acquisition of wholesaler Booker has been given the final all-clear after an investigation determined it would not lead to higher prices or impact on service for shoppers.
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