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Grocery
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Court rules "hole in the wall" ATMs must pay separate business rates bill

Friday 21 April 2017 - Posted by Elias Jahshan

The future of free ATMs attached to shops is up in the air after retailers lost a key court battle over business rates bills on ATMs. A recent legal ruling in the Upper Tribunal upheld a decision in 2013 that ATMs built into the front of a shop should have a separate business ...

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Tesco sells in-store opticians service to Vision Express

Wednesday 19 April 2017 - Posted by Elias Jahshan

Tesco has offloaded its opticians business to Vision Express for an undisclosed sum. The grocery giant provides an optician service at 206 of its large stores, and they will now continue to operate as a concession under the management of Vision Express. The move is the latest ...

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Tesco in line to save £105m from new business rates

Tuesday 18 April 2017 - Posted by Elias Jahshan

Tesco is poised to save £105 million thanks to lower business rates cuts on its biggest stores over the next five years, while small retailers face major hikes. A study by rents and rates specialist CVS found also that business rates values for 563 of Tesco’s largest stores in...

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Sainsbury's accelerates Argos integration as 50th store opens

Thursday 13 April 2017 - Posted by Ben Stevens

Following its acquisition of Home Retail Group last year, Sainsbury’s has accelerated the roll-out of Argos stores within its supermarkets. The 50th Argos store since the £1.4 billion takeover has now opened inside a Sainsbury’s, as boss Mike Couple pledges another 200 in the ...

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Asda reignites "fake farm" row with Farm Stores re-brand

Wednesday 12 April 2017 - Posted by Ben Stevens

The fake farm row has been thrown back into the spotlight as Asda relaunched its value food range under the name Farm Stores. Asda has reintroduced its “heritage” Farm Stores brand after a 2001 rebrand to Smart Price in order to expand its product range to more items. The chan...

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Tesco profits skyrocket as sales grow for first time since 2010

Wednesday 12 April 2017 - Posted by Ben Stevens

Tesco's annual financial results celebrate its first year of sales growth since 2010, ahead of its landmark merger with supplier Booker. The grocery giant posted a 30 per cent boost in operating profits, once again breaking the billion mark ahead of city expectations with £1.2...

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Majestic Wine managing director John Colley resigns for CEO role at Hobbycraft

Tuesday 11 April 2017 - Posted by Elias Jahshan

John Colley is stepping down from his role as managing director of Majestic Wine in order to take up a chief executive role at Hobbycraft. His final day with the alcohol retailer is May 31, and he will replace Catriona Marshall at Hobbycraft, Colley, who has been in his role a...

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Tesco to exceed predictions with jump in annual profits

Monday 10 April 2017 - Posted by Ben Stevens

Tesco is expected to see a jump in annual profits as it aims to reassure shareholders ahead of the looming £3.7 billion merger deal with Booker. On Wednesday, the grocer is set to reveal underlying profits above the City’s expectations of £1.2 billion, marking a definitive end...

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Waitrose launches in-store supper club nights

Friday 07 April 2017 - Posted by Elias Jahshan

Waitrose is diversifying its customer experience by introducing an in-store restaurant that will provide visitors a dining experience in the evenings. The grocery chain is launching its first official Supper Club at its new store in Haywards Heath where customers will be able ...

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Co-op posts £132m loss amid banking write down

Thursday 06 April 2017 - Posted by Ben Stevens

The Co-operative Group has reported huge losses as it bore the brunt of the sale of its remaining stake in the Co-op Bank. In its first annual loss in four years, the retailer posted a £132 million pre-tax loss compared to a £23 million profit a year before. After the struggli...