Tesco ‘in talks’ to exit eastern Europe Retail Tesco is reportedly considering cutting loose its business in central and eastern Europe in a move to end its expansion outside of the UK and Ireland. The supermarket giant has hired bankers to explore the possibility of a sale of its operations in Hungary, the Czech Republic and Slovakia, according to the Financial Times. A [...]
Ocado to replace founder Steiner as shares plunge Retail The board of Ocado is on the hunt for a successor to its founder and chief executive, Tim Steiner, as the e-commerce group faces up to a rapidly falling share price. The FTSE 250 firm, which offers online shopping and warehouse automation services, confirmed on Monday that it is putting together a succession plan for [...]
Industry warns Iran war spike to come as food inflation falls Retail The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in [...]
Costco UK profit soars as Brits buy in bulk amid cost of living pressures May 20, 2026 Profit at Costco’s UK subsidiary has soared as Brits flocked to the wholesaler to buy in bulk in a bid to swerve cost of living pressures. The grocery chain, which has 29 stores across the UK, including six in London, generated pre-tax profit of £218.6m in the year to the end of August 2025, a [...]
M&S profit slumps in fallout from cyber attack May 20, 2026 Marks & Spencer saw its profit slump by a quarter as the retailer took more than a £100m hit from its “traumatic” cyber attack last year. The FTSE 100 supermarket and clothing business saw pre-tax profit fall by 29 per cent to £365m in the year to March, despite sales growing by 25 per cent [...]
M&S eyes up Brits’ weekly shops as food arm set to expand May 15, 2026 Marks & Spencer has not been shy over its ambition to conquer the British weekly shop, and the retail giant is nearing a crucial update on its foray into the UK’s fiercely competitive grocery market. M&S Food accounts for more than half (54 per cent) of the retailer’s revenues, and its recent warehouse expansions suggest [...]
Who Gives a Crap: The toilet roll tycoon making a splash May 6, 2026 Simon Griffiths founded Who Gives a Crap toilet paper with the philanthropic aim of ensuring everyone has access to a clean toilet. He has raised £11m so far, but Griffiths tells Felix Armstrong that’s not nearly enough “I was always an entrepreneurial kid at school,” Simon Griffiths says, as he explains the complex process of [...]
BRC chief: Red tape ‘weighs heavily’ on retailers April 23, 2026 Helen Dickinson, the boss of leading trade body the British Retail Consortium, believes red tape “weighs heavily” on retailers. She speaks to Felix Armstrong about food inflation, workers’ rights and her meeting with the Chancellor. Helen Dickinson was six weeks into her job as chief executive of the BRC when the horsemeat scandal landed on [...]
Sainsbury’s to deliver food inflation update as Argos future could be settled April 21, 2026 After Tesco hit back against fears of double-digit food inflation last week, supermarket rival Sainsbury’s is set to update the market this week. From the Iran war to the future of Argos, Felix Armstrong looks ahead to a landmark set of results due on Thursday. Sainsbury’s spooked shoppers last week when it threatened people caught swapping [...]
Co-op merger to bring huge shakeup to retail and funeral giant April 9, 2026 The Co-op Group is preparing to takeover the Southern Co-op, in a merger which would bring a major shakeup to the retail and funeral giant in its bid to move on from a crushing cyber attack. The deal would see the group snap up around 300 food stores, funeral branches and Starbucks coffee shops. The [...]