Helen Dickinson news, features and comment – Page 16
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NewsSupermarket price war drives down food prices for first time since 2017
Food prices have fallen for the first time in more than four years as supermarkets continued to slug it out in a bid to win shoppers, according to the latest figure from the British Retail Consortium and NielsenIQ.
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NewsCity snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
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NewsCity snapshot: Home-focused goods growth help retail sales recover in March
Retail sales continued to recover in March, though this recovery was centred on specific ‘home centric’ categories as most sectors remain in significant decline
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NewsCity snapshot: UK retail industry sees green shoots of recovery in March
The UK retail industry saw the green shoots of recovery in March as sales jumped by more than 40% year-on-year after a COVID-induced collapse a year ago. Plus, footfall begins to improve ahead of retail re-opening next week and all the latest news from the City.
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NewsDeliveroo valued at £7.6bn but shares flop in London debut
Shares in Deliveroo crashed as much as 30% this morning as it made its long-awaited debut on the LSE
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NewsRapid Covid home testing kits to be provided to businesses
So far, 60,000 businesses across the UK have registered for regular work-based testing
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Comment & OpinionRetail’s rent debt crisis: how the government’s call for evidence could help
The government has signalled its willingness to resort to ‘legislative options’ to address the impasse over mounting rent debt
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NewsRetailers welcome government extension to ban on evicting businesses
The government has also launched a call for evidence on steps to take on rent after 30 June
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NewsSupermarket bosses urge ministers to delay HFSS proposals
BRC warned it would be impossible for supermarkets to carry out the job of reconfiguring stores and adapting websites
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NewsSupermarket sales growth remains at its highest level since June 2020
UK supermarkets are continuing to see the highest industry sales growth since the summer of 2020 as booming online sales mitigated a small drop in physical stores.
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NewsCity Snapshot: Record online sales mitigate in-store like-for-like sales slide in February
Shuttered high street shops contributed to a 3.1% decline in total like-for-like sales in February but fashion and homeware helped drive online sales to a record high.
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Analysis & FeaturesBudget 2021: the industry reacts
As chancellor Rishi Sunak announces this year’s Budget, industry figures from retail, wholesale, hospitality and finance share their reactions
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NewsCity snapshot: Profits evaporate at Vimto owner Nichols in face of Covid crisis
Vimto maker Nichols has experienced a dramatic slump in sales and profits as it faced the “unequalled challenges” presented by the Covid pandemic. Plus, fierce competition keeps food inflation in check, according to the latest BRC-Nielsen shop price index for February. There are also trading updates from DS Smith and Smiths News.
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Analysis & FeaturesRoadmap out of lockdown: the industry reacts
Industry figures share their reactions to Boris Johnson’s roadmap out of lockdown
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Comment & OpinionForget mass evictions, retailers are in a far stronger position than they may seem
For landlords, a tenant with a year’s worth of rent debt is still preferable to a vacant property. That’s helping retailers dictate terms
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NewsOcado loss falls to £44m after bumper retail growth
The online grocer has cut its annual loss by almost 80% amid booming sales during the pandemic, but warned growing costs will continue to constrain profitability
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NewsSupermarket chiefs call on Sunak to ‘level the playing field’ with online sales tax
The chancellor must use the Budget on 3 March to commit to reducing the burden on bricks and mortar shops, according to a letter signed by 18 retail leaders
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News65 retail CEOs heap pressure on Boris Johnson to tackle shopworker abuse
The bosses of Asda, Sainsbury’s, Morrisons, Aldi and Lidl are among those demanding new legislation to protect shopworkers
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NewsCity snapshot: Shop prices tumble as lockdown drags on
Shop prices have fallen by 2.2% this month as retailers desperately tried to entice consumers to spend money online as lockdown restrictions continued, according to the latest shop price index by the British Retail Consortium and Nielsen.
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NewsRetailers welcome new legal protections for shopworkers in Scotland
Scottish Parliament yesterday voted to support a bill to create a new statutory offence of assaulting, threatening or abusing a retail worker