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In for a penny: Poundland launches transactional website

Tuesday 01 September 2015 - Posted by Philip Gallagher

Today Poundland has launched its first transactional website, which is currently running on a trial basis, and was introduced in response to customer feedback and market research. Poundland has 550 UK stores and enjoys an average of 5.3m customers each week and the “online channel will make shopping even easier,” says Chief Executive Jim McCarthy. “It’s convenient and caters for shoppers who ...

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The Big Interview – Shannon Edwards, CEO, Styloko

Tuesday 01 September 2015 - Posted by Veebs Sabharwal

I meet Shannon Edwards the morning after I've finished reading Tech Bitch. This seems fitting given that the book is about women in the 21st century's multimedia landscape (who according to the book must adapt or die), and Edwards is the CEO of Styloko: 'The fashion discovery engine'. I'm telling Edwards all about the book, how the millennials in it are social media obsessed and tech savvy li...

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Aldi is dwarfing other retail players

Tuesday 01 September 2015 - Posted by Veebs Sabharwal

Amid an increasingly intensifying supermarket war, Aldi is poised to grow its market share with the opening of 65 new stores in Australia by the end of 2016.   The expansion is nothing short of aggressive, as the German discounter seeks up to 20 locations across South Australia and Western Australia. “ALDI's popularity with consumers and success on the eastern seaboard has given us the c...

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Oliver Bonas becomes first high street retailer to pay the national living wage

Tuesday 01 September 2015 - Posted by Philip Gallagher

British retailer Oliver Bonas has become the first retailer to bring living wage to UK high streets. The lifestyle brand, which trades from 43 stores across London and the UK, has committed to pay all directly employed staff, as well as third party contractors, the Living wage. The Living Wage is an independently calculated figure based on the cost of living in the UK. The UK rate is cur...

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Why is the contactless transaction threshold increase significant?

Tuesday 01 September 2015 - Posted by Veebs Sabharwal

Today the contactless transaction threshold increases to £30. According to data by Visa, this could affect approximately 3m Visa transactions a day, for a total of over £70m. Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase as 12-20% of all of their transactions fall into the £20-£30 band, and supermarkets will be the biggest ben...

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The rise of local vendors

Tuesday 01 September 2015 - Posted by Editorial Assistant

Recent research has found that one in three Britons prefers to shop with local vendors, saving £287.64 per year. A survey by Vouchercloud asked 2,316 Britons  about their shopping habits, revealing that 32% of Britons prefer to shop with smaller businesses than large retailers, with 49% of respondents shopping with local vendors ‘at least once per week’. ‘Better value for money’, ‘keepin...

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Tesco to bring back vinyl

Tuesday 01 September 2015 - Posted by Editorial Assistant

Tesco will become the first UK supermarket to tap into the rapidly growing vinyl music market when it stocks the triple-vinyl format of Iron Maiden’s latest album which will be released on Friday 4 September. Maiden’s first studio offering in five years, ‘The Book Of Souls’, will go on sale in 55 Tesco Extra stores, whilst the CD format will be sold in 850 of Tesco’s UK stores and online at...

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Black Friday 2015 set to be Britain’s first £1bn online shopping day

Friday 28 August 2015 - Posted by Philip Gallagher

Following the immense success of the 2014 Black Friday online sales in the UK, global digital commerce consultants Salmon today predicted that this year’s event on the 27th November will see the first £1bn UK online shopping day. The prediction comes following a steady increase in online shopping generally, as well as more widespread consumer knowledge of what Black Friday has to offer foll...

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Former Tesco CEO to be quizzed by the Serious Fraud Office

Friday 28 August 2015 - Posted by Editorial Assistant

Former Tesco boss Philip Clarke will face questioning by the Serious Fraud Office (SFO) as part of a probe into the supermarket giant’s recent accounting scandal. The 55-year-old, who left Tesco last year following a slump in sales and profits, will be interviewed along with ex-Commercial Director Kevin Grace. Both will be spoken to as potential witnesses but will be under caution. Repor...

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Woolworths Chairman Ralph Waters steps down as profits slump

Friday 28 August 2015 - Posted by Editorial Assistant

Woolworths Chairman Ralph Waters is stepping down after the supermarket’s full-year profit fell 12.5% from the previous financial year. Woolworths made a net profit of $2.15bn for the financial year ending 30th June, down from $2.45bn in 2013/14. The retailer this morning announced its appointment of Gordon Cairns to replace Waters when he leaves the company on the 1st September. Wate...

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