Made in Britain: As Brexit and Covid dismantle supply chains, boom in ‘reshoring’ leads to renaissance in UK manufacturing April 18, 2022 sAs the government admitted last week that there are ‘significant challenges’ to UK stock levels because of Brexit and Covid, is reshoring then perhaps the answer? Last week’s government report, from the Office for National Statistics (ONS), revealed the full extent of tumbling stock levels and broken global supply chains in the wake of Brexit and [...]
Next snaps up JoJo Maman Bebe April 17, 2022 Next and a group of finance firms have snapped up JoJo Maman Bebe in a push for the baby goods retailer.
Ocado pays out £20k following fire safety resignation April 17, 2022 Ocado is set to fork out £20,000 in damages after a former employee raised alarms about warehouse fire safety issues. The company is facing allegations that the worker was forced out of his job after he said the cardboard materials and pallets blocked fire exits. The Telegraph reported that court documents said a “witch hunt” [...]
Ted Baker founder Ray Kelvin backs Sycamore bid April 17, 2022 Ousted Ted Baker founder Ray Kelvin has given his support to taking the retail giant private following a rocky performance since his departure.
Bank Holiday shopping: High streets anticipate Easter weekend footfall boost April 16, 2022 High streets are set to receive a footfall boost over the Easter weekend as shoppers make the most of good weather. Retail insight firm Springboard has forecast footfall will rise 6.2 per cent week on week, across all retail destinations. A spike on Saturday will see footfall lifted some 13.3 per cent, from the week [...]
Fishermen leave vessels in ports and seafood price rises loom after fuel costs surge April 14, 2022 Some fishermen have been forced to leave their vessels in ports due to the surge in fuel prices, with fears seafood prices could spike further. According to a report in The Telegraph newspaper, the war in Ukraine has meant diesel prices have risen from 74p a litre in early February to highs of 151p. A [...]
Grocers see more than £1bn wiped off value after Tesco profit warning April 14, 2022 Supermarkets had a total of more than £1bn chipped off their market value on Wednesday, after a warning over inflationary pressures from Tesco. Grocers including Ocado and Sainsbury’s suffered poor performances on Wednesday, after Tesco warned that profit could be hammered by rising costs and shifts in shoppers’ behaviour. Ocado took a hit on the [...]
Dunelm warns of ‘significant headwinds’ but maintains profit guidance April 14, 2022 Dunelm’s boss warned of increasing financial pressures on shoppers but said the company’s variety of products would help it continue to grow. In an update on the London Stock Exchange, the homeware retailer said it hit £399m in total sales in its third quarter. This was up 69 per cent on the year prior, when [...]
Sainsbury’s and Waitrose ‘investigating as a matter of urgency’ after worker at sushi supplier has finger tips cut off April 13, 2022 Waitrose and Sainsbury’s are investigating “as a matter of urgency” after a worker had finger tips chopped off in Taiko Foods’ factory, which supplies sushi to the retailers. The retailers are looking into the incident, in which Viraj Kakadia operated reportedly unsafe and dangerous vegetable cutting machine at the Taiko Foods factory in Acton. The [...]
Fortress and TDR Capital among potential future bidders for £600m holiday chain Butlins April 13, 2022 Seaside resort chain Butlins could be subject to a fierce bidding war with Sky News reporting that some big names in leisure are mulling takeover bids. According to the news organisation, suitors looking at snapping up Butlins include Fortress Investment Group, the owner of Punch Taverns. Another high-profile bid could be launched by TDR Capital, [...]