Helen Dickinson news, features and comment – Page 8
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NewsCity Snapshot: Footfall falls back in September
UK football eased back in September as consumer caution constrained spending in stores
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NewsCity snapshot: Greggs sales growth tops 20% as evening shoppers boost trading
Sales are continuing to boom at food-to-go stalwart Greggs as new openings and increased customer visits boosted third quarter revenues
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News88 retail leaders send plea to home secretary for tougher action on crime
The CEOs of Tesco, Sainsbury’s, Morrisons and Aldi, along with Asda co-owner Mohsin Issa, are among retail leaders to have written to Suella Braverman
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NewsFinsbury Food Group recommends £143m takeover offer to shareholders
Listed bakery group Finsbury Food has agreed to a £143.4m takeover offer from Isle of Man-based asset management firm DBAY Advisors. Plus, food price inflation eases for fifth month in a row.
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NewsRetail leaders write to Jeremy Hunt calling for business rates freeze
Without a freeze in the business rates multiplier – used to calculate the commercial property tax – there will be new upward pressure on prices just as inflation has begun to ease, according to a letter signed by major supermarkets
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NewsCity snapshot: UK retail sales boosted by improved consumer confidence
UK retail sales were up 4.1% in August as consumer confidence improved amid easing inflation. Plus PZ Cussons makes offer for Nigerian business, trading update from DS Smith and all the latest news from the City
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NewsCity snapshot: UK food inflation continues to decelerate
Annual shop price inflation dropped to 6.9% in August as food inflation continues to decelerate, albeit food price growth remains in double digits
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NewsSuperdrug calls for Apprenticeship Levy reform to stop ‘great applicants’ being turned away
The BRC-backed campaign is calling for more flexibility in how retailers can spend Apprenticeship Levy funds, to allow training which better meets the industry’s needs
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NewsCity snapshot: Wet weather dampens UK retail demand
UK retail sales growth fell back in July as damp weather and persistent inflation hit shopper activity, according to the monthly BRC-KPMG retail sales monitor
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsCity snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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NewsCity snapshot: Unilever hires Compass Group’s Ian Meakins as chair
Unilever has announced the appointment of Ian Meakins as chair designate to replace outgoing chair Nils Andersen
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NewsUK loses 6,000 retail outlets in five years
It comes as the store vacancy rate continued to climb this year, with rising rents and increased competition putting pressure on small and independent businesses
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NewsCity snapshot: THG sells unwanted OnDemand and ProBikeKit assets
THG has offloaded its unwanted OnDemand business to the division’s management team as part of a strategic review to “simplify and streamline” operations. Plus, UK retail sales beat expectations in June but consumer confidence fell July as household resilience “collapsed”.
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NewsCompetition watchdog probe clears supermarkets of profiteering
The next stage of the probe will look at whether large branded suppliers hold too much sway in negotiations
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NewsCity snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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NewsClampdown on business rates relief for empty property slammed as ‘out of touch’
The government has said evidence points to abuse of Empty Property Relief (EPR) as one of ‘the most common methods of rates avoidance’
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsCity snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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NewsCity snapshot: Warm weather boosts grocery sales volumes in June
A June heatwave helped improve grocery volumes and saw sales edge upwards, according to new data from NIQ