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Exclusivity clauses excluded from zero hour contracts

Tuesday 26 May 2015 - Posted by Editorial Assistant

The poor practice of exclusivity clauses in zero hour contracts maintained by retailers such as Sports Direct has been successfully banned. New rules affirm that zero hour contracts that come into effect from today onwards, will not permit exclusivity clauses which prevent hourly staff working for other employers. For too long the exclusivity clause has meant that employees on zero hour con...

W1siziisijiwmtuvmduvmjyvmdkvndyvmtqvmjg1l015dghlcmvzys5kuecixsxbinailcj0ahvtyiisijiwmhgymdajil1d appoints new CFO

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

Germany luxury etailer has named Markus Holzherr as Chief Financial Officer. Holzherr has been working at the Munich based company as Head of Finance for three years. “Owing to the terrific growth of the company and its status as a subsidiary of the Neiman Marcus Group, the Finance department must account for new challenges,” comments Michael Kliger, President of mytheresa. “Mar...


Retail parks and shopping centres in decline over bank holiday weekend

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

The UK’s high streets enjoyed a welcome lift over the bank holiday weekend as the warm weather and the start of Whitsun half term encouraged shoppers into stores. According to figures released this morning by retail analysts Springboard, footfall rose by 4.4% over the weekend compared with the same time last year, overcoming the decline seen in recent months, according to figures out today ...


Five minutes with James Averdieck, Founder of Gü puds

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

Like the guérande salted caramel in a Gü melting middle, British entrepreneur James Averdieck seems warm and friendly when he takes the stage at an Evening Standard business connection event. He’s modest about the company he sold for around £35m in 2010, 7 years after he launched it with only £100,000 SEED funding, but he’s more astute than he wants the audience to believe. Gü’s genesis com...


M&S pushing programme to open Simply Food stores

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

Upmarket retailer Marks & Spencer is set to surpass the magical 1,000 store number after pushing the opening of Simply Food grocery outlets. The boost in shop numbers will place the British retailer among the few store groups to pass the milestone. M&S was trading from 852 stores in March across clothing and food and plans to accelerate growth, which could see it reach the target...


Chairman Paul Mason said to be leaving New Look

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

New Look’s Chairman, Paul Mason, will reportedly step down from his role at the high street fashion giant, following its £2bn takeover by private investment firm Brait. Mason, a retail veteran, was formerly Chief Executive at grocers Asda and Somerfield (credited for the latter’s turnaround). He started his career at Mars before joining B&Q and has also held senior positions at Matalan ...


Retailers missing out on £6.6bn a year by not going mobile

Tuesday 26 May 2015 - Posted by Veebs Sabharwal

UK retailers are collectively missing out on a staggering £6.6bn a year due to a lack of investment in their mobile offering, according to a new report into mobile spending from and the Centre for Retail Research (CRR). Despite retailers reporting their mobile share of online sales almost doubled from 2013 to 2014, from 15% to 28%, the study reveals a multi-billion pound opp...


Lush named best high street retailer by consumers

Friday 22 May 2015 - Posted by Veebs Sabharwal

Cosmetics and skincare retailer Lush has been named the best high street brand for the second year in a row, narrowly overtaking John Lewis, according to the annual retailer survey by consumer watchdog Which? In contrast, EE ranked at bottom of the top 100 list following complaints from customers around long waiting times, busy stores and relatively unhelpful staff. EE said that it was disa...


Moss Bros like-for-like sales looking sharp

Friday 22 May 2015 - Posted by Veebs Sabharwal

Suit maker Moss Bros Group said this morning that it’s on track in the first fifteen weeks of its financial year, with vigorous retail sales and hire growth meaning it is confident it will hit market expectations for the year as a whole. The company said total sales in the fifteen weeks from to May 16 rose 6.4%, with like-for-like sales up 7.4%. Like-for-like retail sales, including its e-c...


EE targeted by Phones 4U administrator

Friday 22 May 2015 - Posted by Veebs Sabharwal

Administrators to Phones 4U, the UK’s second biggest mobile phone retailer which went into administration last year, are inching towards launching legal action against third party debtors including the UK's biggest mobile phone group, Sky News reports. PricewaterhouseCoopers (PwC) has issued a series of so-called "letters before action”, setting out the obligations of debtors to repay money...

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