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Sadiq Khan: Business rates reforms place "our local high streets under threat"

Tuesday 21 February 2017 - Posted by Elias Jahshan

London Mayor Sadiq Khan has joined forces with some of the city’s leading business and retail lobby groups to criticise the looming business rates revaluation and urge the Chancellor to reconsider the reforms. Khan has said he was "shocked" by the business rate rises, which he...

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Chancellor Philip Hammond in "listening mode" over controversial business rates

Tuesday 21 February 2017 - Posted by Elias Jahshan

Chancellor Philip Hammond has hinted at the possibility that the government could look at alleviating the impact of the impending changes to business rates, which has triggered widespread backlash from retailers, business leaders and some Conservative MPs. During a closed-door...

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Sainsbury's CEO Mike Coupe brands business rates "archaic & outdated"

Monday 20 February 2017 - Posted by Ben Stevens

The business rates battle continues with Sainsbury's chief executive Mike Coupe launching an attack on the government. Coupe, who said high streets "face serious challenges", is the latest in a spate of high-profile retail figures to oppose the new rates revauluation that are ...

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Argos forced to pay £2.4 million back to underpayed employees

Thursday 16 February 2017 - Posted by Ben Stevens

A £1.5 million fine has been handed to Argos, alongside a £2.4 million repayment bill, after it was found to have paid staff less than the minimum wage. Following a report naming and shaming retailers who were in breach of minimum wage laws, HMRC has issued a penalty fine to t...

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Wesfarmers posts £28 million UK losses

Wednesday 15 February 2017 - Posted by Ben Stevens

Wesfarmers has revealed a £28 million loss in the UK as it continues its Homebase rebranding operation. The Homebase parent company attributed the hefty loss in its half yearly report to a largescale restructure and price cut programme. In the six months to the end of December...

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Tesco wants to double click-and-collect spots to 8000

Tuesday 14 February 2017 - Posted by Elias Jahshan

The chief executive of Tesco has revealed plans to rapidly expand the grocer’s click-and-collect spots following its acquisition of Booker. Mentioned in a conference call with City analysts after the announcement of the surprise acquisition, Tesco boss Dave Lewis said the prop...

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8 out of 9 top grocers show growth as Aldi overtakes Co-op

Tuesday 07 February 2017 - Posted by Ben Stevens

German discount grocer Aldi has lived up to predictions it would overtake Co-op to become the fifth largest supermarket in the UK. New results from Kantar Worldpanel indicate that Aldi’s sales grew by 12.4 per cent in the 12 weeks to January 29, boosting its market share to 6....

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Amazon Go reportedly scouting for London location

Monday 06 February 2017 - Posted by Ben Stevens

Amazon is reportedly on the hunt for physical shop space in central London as it aims to introduce its checkout-free grocery chain in the capital. According to The Times, a source stated that around a dozen prospective sites have been scouted by the online retail giant, with p...

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Sainsbury's Habitat returning to Leeds with new mini store

Thursday 26 January 2017 - Posted by Elias Jahshan

Furniture retailer Habitat is returning to Leeds with the opening of its first stand-alone mini store this weekend as part of a trial in regional touchpoints around the UK. Taking up 2000sq ft, the Mini Habitat store will include an edit of over 600 products across furniture, ...

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'Big shop' at Big 4 £15 more than discounters

Thursday 26 January 2017 - Posted by Ben Stevens

Discount grocers Aldi and Lidl have dealt another blow to their Big 4 rivals as new results have shown a “big shop” could cost nearly £15 less in their stores. Fresh data from retail analysts Nielsen have found that the average cost of a shop for at least 20 items is £38.76 at...