Amazon reportedly planning 3,000 cashierless convenience stores September 20, 2018 Online retail giant Amazon is reportedly planning to open 3,000 cashierless stores over the next few years as it bulks up its bricks-and-mortar retail presence. Amazon could aggressively expand its Amazon Go brand with plans to open 10 locations by the end of this year, according to Bloomberg, with 50 locations in major cities by [...]
Trolley wars: Drastic Dave’s no-frills move must hit the Jackpot for shareholders September 20, 2018 Tesco took a cheap shot at budget retailers Aldi and Lidl yesterday, launching its own discounter chain, Jack’s. Chief executive Dave Lewis opened the first store in a mothballed former Tesco outlet in the small Cambridgeshire town of Chatteris yesterday, with another 10 to 15 launches in the pipeline. The chain is named after Tesco founder [...]
Trolley wars: Drastic Dave’s no-frills move must hit the Jackpot for shareholders September 20, 2018 Tesco took a cheap shot at budget retailers Aldi and Lidl yesterday, launching its own discounter chain, Jack’s. Chief executive Dave Lewis opened the first store in a mothballed former Tesco outlet in the small Cambridgeshire town of Chatteris yesterday, with another 10 to 15 launches in the pipeline. The chain is named after Tesco founder [...]
Retail sales beat expectations as shoppers continue spending spree September 20, 2018 Retail sales volumes beat expectations and rose 0.3 per cent in August as British shoppers continued to spend. The Office for National Statistics data showed sales jumped 3.3 per cent on August last year. There were increases across all sectors except food, clothing and petrol. Read more: Retail industry fears 'tipping point' amid looming business [...]
Retail sales beat expectations as shoppers continue spending spree September 20, 2018 Retail sales volumes beat expectations and rose 0.3 per cent in August as British shoppers continued to spend. The Office for National Statistics data showed sales jumped 3.3 per cent on August last year. There were increases across all sectors except food, clothing and petrol. Read more: Retail industry fears 'tipping point' amid looming business [...]
Nestle announces plans to put skin health unit up for sale September 20, 2018 Food giant Nestle today announced plans to sell or spin off its skin health business, prompting speculation the company could get rid of its €26bn stake in L’Oréal. The company said the move was part of efforts to sharpen its focus on food, beverage and nutritional health products, adding that opportunities for Nestle Skin Health were "outside [...]
Nestle announces plans to put skin health unit up for sale September 20, 2018 Food giant Nestle today announced plans to sell or spin off its skin health business, prompting speculation the company could get rid of its €26bn stake in L’Oréal. The company said the move was part of efforts to sharpen its focus on food, beverage and nutritional health products, adding that opportunities for Nestle Skin Health were "outside [...]
French Connection losses deepen as it rues tough trading environment September 20, 2018 Retailer French Connection said it was still on track to return to profitability by the end of the year despite reporting declining revenues. Its shares took a six per cent hit on Thursday morning after the update. The figures Group revenues took a 2.4 per cent hit to fall to £58.1m, as the company said [...]
French Connection losses deepen as it rues tough trading environment September 20, 2018 Retailer French Connection said it was still on track to return to profitability by the end of the year despite reporting declining revenues. Its shares took a six per cent hit on Thursday morning after the update. The figures Group revenues took a 2.4 per cent hit to fall to £58.1m, as the company said [...]
Spirit in the sky: City Pub Group sees profits jump after bumper World Cup summer September 20, 2018 Aim-listed pub landlord City Pub Group has posted a 73 per cent rise in pre-tax profit on the back of a bumper summer of good weather and a successful World Cup run. Profits before tax rose to £1.6m in the first six months of 2018, rising from £0.9m compared with the same period last year, [...]