Retail news

• Kingfisher struggles to offload lossmaking units

  15-09-2019 14:02
  Chief executive is unlikely to secure a sale before stepping down later this month
  
  Read more

• Slow growth takes shine off Tesco budget chain Jack's a year on

  15-09-2019 13:40
  Supermarket giant opened just 10 discount chain stores, with job cuts and sales of £24mWhen Tesco unveiled its discount chain Jack’s a year ago hopes were high it could pose a serious threat to Aldi and Lidl. A year on fewer stores than expected have opened with recent job losses raising questions about its success.At the media circus that greeted the first store in the small Cambridgeshire town of Chatteris in September 2018, Tesco boss Dave Lewis said 10-15 Jack’s stories wou
  
  Read more

• Ocado’s new offer to investors: quinoa with added robotics

  15-09-2019 09:59
  The company, soon to update on trading, has ambitions to shift from low-margin grocery sales to being a technology platformJanuary will mark 20 years since three former Goldman Sachs bankers with no experience of food retailing hatched a plan for an online grocer.The company started off as Last Mile Solutions and soon changed its name to Ocado. The rest is history – but a bumpy one. Ocado has fallen in and out of favour since its flotation in 2010 as investors have waited for Tim Steiner,
  
  Read more

Follow @retailuknws on Twitter!