Retail news

• ‘Global greedflation’: big firms ‘driving shopping bills to record highs’

  12-03-2023 17:00
  
  Analysis by UK union shows large corporations have improved profits with price rises in cost of living crisisLarge corporations have fuelled inflation with price increases that go beyond rising costs of raw materials and wages, pushing shopping bills to record highs, according to an analysis of hundreds of company accounts.Highlighting a trend dubbed “greedflation”, the research indicates that supermarkets, food manufacturers and shipping companies are among hundreds of major firms w
  
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• ‘Global greedflation’: big firms ‘drive shopping bills to record highs’

  12-03-2023 17:00
  
  Analysis by UK union shows large corporations have improved profits with price rises in cost of living crisisLarge corporations have fuelled inflation with price increases that go beyond rising raw materials and wages costs, pushing shopping bills to record highs, according to analysis of hundreds of company accounts.Highlighting a trend dubbed “greedflation”, the research shows supermarkets, food manufacturers and shipping companies are among hundreds of major firms who have improve
  
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• Co-op, Morrisons and Waitrose among retailers dimming lights to cut energy costs

  12-03-2023 12:23 via retailgazette.co.uk
  
  // Retailers have stepped up efforts to cut soaring energy bills as government support finishes at the end of March
  // Co-op, Morrisons and Waitrose have dimmed its lights in stores to reduce power usageUK retailers are speeding up their efforts to bring down soaring energy bills as the government’s energy subsidies finish at the end of this month.
  Many supermarket chains, including Co-op, Morrisons and Waitrose, have turned down their lights to reduce energy usage.
  Similarly, electri
  
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• Issa brothers explore sale of Asda’s £8.6bn property estate to reduce debts

  12-03-2023 11:48 via retailgazette.co.uk
  
  // Asda’s owners have launched a review of the grocer’s £8.6bn property estate in a bid to reduce growing debt
  // The Issa brothers are understood to be targeting the sale and leaseback of Asda’s sitesAsda’s billionaire owners have kicked off a review of the supermarket’s £8.6bn property estate in bid to combat its piling debt.
  The Issa brothers are pursuing the sale and leaseback of the supermarket’s store estate to reduce surging interest bi
  
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• Tesco suppliers fear survival over new fulfilment fees

  12-03-2023 11:13 via retailgazette.co.uk
  
  // Tesco suppliers and farmers fear the grocer’s new fulfilment fees could put them out of business
  // The supermarket giant is set to introduce new “Amazon-style” charges to each item sold through its UK and Ireland website as well as through its appTesco suppliers and farmers have warned new fulfilment fees imposed by the grocer on produce sold through its website could put them out of business.
  The supermarket chain wrote to suppliers last week explaining it would intro
  
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• Family business and the succession trap

  12-03-2023 06:00
  The changes afoot at C&A owner Cofra show how families are having to adapt in order to invest and attract talent
  
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• In The Style collaborates with Happy Mum, Happy Baby by Giovanna Fletcher

  12-03-2023 01:00 via theretailbulletin.com
  
  In The Style has announced a new collaboration with Giovanna Fletcher’s Happy Mum, Happy Baby. The partnership officially launched on 12 March with the ‘Not Just... View Article
  
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