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
Convenience grocery chain Costcutter has appointed Nisa as an immediate and short-term wholesale supplier in the wake of Palmer & Harvey’s collapse. The contract, which came into effect yesterday, will remain active until a new, permanent wholesale supply deal with the Co-op comes into effect next spring.
Palmer & Harvey paid out around £70 million in dividends over the last nine years, despite wracking up multimillion-pound losses.
Lidl has officially started operations from its new regional distribution centre in Exeter, which cost the grocer £55 million to build. The 538,195sq ft warehouse in Exeter Gateway business park has created around 500 jobs and will service 40 stores across the south west region during the Christmas period before it rises to 51 stores in February
Handwritten cries for help have been found in the pockets of Zara’s garments, dragging the fashion giant into fresh controversy over labour standards. Shoppers at a Zara store in Istanbul discovered handmade notes thought to have been put in by factory workers alleging they had not been paid for months of work.
Amazon’s new program could give carriers like United Parcel Service and FedEx a run for their money. read more