Retail news

• ‘Tesco could have gone under’: how Dave Lewis saved the firm from disaster

  05-10-2019 17:20
  The retailer’s departing boss did not solve all its problems. But the stable operation he leaves behind was in turmoil in 2014When Dave Lewis took the helm of Tesco five years ago he whisked his 15 most senior managers off to a remote holiday cottage in Norfolk. There, the assembled executives were forced to step out of the executive bubble and get back to basics: shopping for food and cooking for themselves.It was the autumn of 2014 and the retail giant was in crisis. Its dominance of the
  
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• Tesco and M&S likely to have soya linked to deforestation in supply chains

  05-10-2019 09:02
  Exclusive: UK supermarkets admit there may be soya-led deforestation in their supply chains due to problems with traceabilityRise of the ‘wonder bean’: from deforestation to your plate
  Home to the screaming hairy armadillo: the forest the world forgot
  Tesco, M&S and several other UK supermarkets admit that they cannot guarantee that soya from deforested areas is not in their supply chain despite commitments to phase out its use, the Guardian has found.An investigation has reveale
  
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• Has the suit and tie had its day? Maybe, says M&S

  05-10-2019 09:00
  UK’s biggest suit seller is trimming its tailoring range as changing habits keep formal garb on the pegSuits you sir? Maybe it doesn’t any more. Sales of formal tailoring have taken a fresh dive as chinos and trainers replace suits and ties in the office.In a presentation to City analysts earlier this week, Marks & Spencer, the UK’s biggest menswear retailer, said it was cutting back its formalwear ranges and the space devoted to selling suits, pointing to a market-wide 7%
  
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