Retail news

• Why it’s not quite back to the 70s with talk of food price controls

  30-05-2023 22:25
  
  Statutory caps were brought in under Heath, now the government wants a voluntary store scheme to meet Sunak’s pledge to halve inflationA cost-of-living crisis. Pressure on the government to step in to help hard-pressed consumers. Calls for supermarkets to cut prices on staple food items. Substitute Rishi Sunak for Ted Heath, step into a time capsule and journey back to Britain in 1972.Let’s be clear: ministers are not considering imposing the sort of statutory price controls on a loa
  
  Read more

• Talks over supermarket-led price curbs reveal extent of UK inflation worries

  30-05-2023 19:29
  
  Ministers are seeking to come up with something – anything – to fulfil Sunak’s pledge for this year as price rises prove stickier than expectedA cost of living crisis. Pressure on the government to step in to help hard-pressed consumers. Calls for supermarkets to cut prices on staple food items. Substitute Rishi Sunak for Ted Heath, step into a time capsule and journey back to Britain in 1972.Let’s be clear: ministers are not considering imposing the sort of statutory pri
  
  Read more

• UK food inflation dips in May, raising hopes rate of price growth is slowing

  30-05-2023 16:54
  
  British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh highFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery price growth may have reached its peak after keeping the broader consumer prices index painfully high so far this year.After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said annual food inflation eased this month from 15.7% to 15.4%, even as the
  
  Read more

• Nvidia becomes world’s first chipmaker worth more than $1tn – as it happened

  30-05-2023 16:48
  
  The AI boom is driving demand for chips from manufacturers like Nvidia, which has seen its share price soarShares in ITV have fallen as much as 1.3% this morning to their lowest level in five months, as the broadcaster deals with the fallout of a scandal involving one of its former stars.The drop comes on the first day of trading since This Morning star Phillip Schofield quit, having admitted he lied to the broadcaster over a relationship with a younger worker.Continue reading...
  
  Read more

• Advertisement

• Waitrose apologises for bare shelves after IT glitch

  30-05-2023 16:39 via retailgazette.co.uk
  
  // Waitrose stores across the country faced stock shortages over the Bank Holiday weekend
  // This was caused by an IT glitch, which the supermarket said had now been fixedWaitrose has apologised to its customers after an IT glitch had left shelves bare across many of its supermarkets over the Bank Holiday.
  The issue meant essentials including fruit and vegetables were not delivered as a system update took longer than expected.
  Shoppers in stores from Edinburgh to the Channel Islands all claimed
  
  Read more

• Amazon UK to offer parents term-time only contracts

  30-05-2023 16:30 via retailgazette.co.uk
  
  // Amazon is set to offer warehouse staff the option to work in term-time only
  // The move follows Amazon’s dispute with the GMB, after months of strikes at its Coventry warehouseAmazon UK will offer parents, grandparents or guardians working in its warehouses the option to work only in term time, as the battle over pay and conditions with the GMB union rages on.
  The new contracts would guarantee those who care for school-age children, including guardians, six weeks of holiday in the summe
  
  Read more

• Amazon to offer parents term-time only contracts

  30-05-2023 16:30 via retailgazette.co.uk
  
  // Amazon is set to offer warehouse staff the option to work in term-time only
  // The move follows Amazon’s dispute with the GMB, after months of strikes at its Coventry warehouseAmazon’s UK business will offer parents, grandparents or guardians working in its warehouses the option to work only in term time.
  The new contracts would guarantee those who care for school-age children, including guardians, six weeks of holiday in the summer and two weeks over the Easter and Christmas brea
  
  Read more

• Nvidia becomes world’s first chipmaker worth more than $1tn – business live

  30-05-2023 15:53
  
  The AI boom is driving demand for chips from manufacturers like Nvidia, which has seen its share price soarShares in ITV have fallen as much as 1.3% this morning to their lowest level in five months, as the broadcaster deals with the fallout of a scandal involving one of its former stars.The drop comes on the first day of trading since This Morning star Phillip Schofield quit, having admitted he lied to the broadcaster over a relationship with a younger worker.Continue reading...
  
  Read more

• Advertisement

• Asda chair defends £2.3bn deal for UK operations of sister group EG

  30-05-2023 15:18
  Stuart Rose says purchase of businesses from heavily indebted EG will help Asda’s push into convenience sector
  
  Read more

• Asda to buy petrol stations group EG UK as it aims to overtake Sainsbury’s

  30-05-2023 14:42
  
  Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR CapitalAsda is poised to acquire 350 petrol forecourts and 1,000 takeaways in the UK and Ireland from its sister business EG Group, in a deal worth £2.27bn, helping the retailer in its ambition of overtaking Sainsbury’s to become Britain’s second biggest grocer.The supermarket group’s chair, Stuart Rose, said the acquisition would create a “powerful consumer champio
  
  Read more

• Asda sets sights on Sainsbury’s as it buys petrol stations group EG UK

  30-05-2023 14:42
  
  Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR CapitalAsda is poised to acquire 350 petrol forecourts and 1,000 takeaways in the UK and Ireland from its sister business EG Group, in a deal worth £2.27bn, helping the retailer in its ambition of overtaking Sainsbury’s to become Britain’s second biggest grocer.The supermarket group’s chair, Stuart Rose, said the acquisition would create a “powerful consumer champio
  
  Read more

• Nearly 800 mortgage deals pulled amid rate hike fears; Asda confirms £10bn merger – business live

  30-05-2023 14:13
  
  New data shows UK lenders are pulling mortgage offers; Asda will buy 350 petrol stations and over 1,000 food-to-go locations from EG Group, creating a £10bn entity.Shares in ITV have fallen as much as 1.3% this morning to their lowest level in five months, as the broadcaster deals with the fallout of a scandal involving one of its former stars.The drop comes on the first day of trading since This Morning star Phillip Schofield quit, having admitted he lied to the broadcaster over a relatio
  
  Read more

• Amazon UK to offer parents term-time-only working amid union battle

  30-05-2023 11:56
  
  Retailer hopes to encourage more people back to work as strikes continue over pay and conditionsParents and grandparents who work in Amazon’s UK warehouses will in future be able to opt only to work in term time, amid a battle over pay and conditions with the GMB union, which is fighting the firm for recognition.The US online retailer said the new contracts would guarantee those who care for school-age children, including guardians, time off during school holidays, including six weeks in t
  
  Read more

• Woolworths subscribers furious at changes to Everyday Extra program

  30-05-2023 11:02
  
  Shoppers slam proposed changes to supermarket giant’s rewards program and say it could mean ‘paying more but getting less’Get our morning and afternoon news emails, free app or daily news podcastWoolworths has signalled it could review proposed changes to its Everyday Extra rewards program for customers most affected, after a barrage of online criticism.Woolworths began trialling their $59-a-year Everyday Extra program a year ago, offering customers a monthly 10% discount on sh
  
  Read more

• Asda to buy UK operations of petrol chain operator EG Group for £2.3bn

  30-05-2023 10:38
  Billionaire Issa brothers mastermind deal that will reduce debt of their company
  
  Read more

• Asda buys EG Group UK for £2.3bn as it vows to be ‘consumer champion’

  30-05-2023 10:04 via retailgazette.co.uk
  
  // Asda has bought EG Group’s UK and Irish operation for £2.27bn
  // Lord Rose, who chairs both firms, said the deal created “a consumer champion like the UK has never seen”Asda has confirmed it has bought the UK operations of petrol station giant EG Group, which is also owned by the Issa brothers and TDR Capital, in a £2.27bn deal.
  The grocer’s chair Lord Rose said the deal would create “a consumer champion like the UK has never seen”. 
  The de
  
  Read more

• Asda confirms £10bn merger with petrol stations group EG

  30-05-2023 09:47
  
  Mohsin Issa will continue to lead business, while Asda will begin search for new group chief executiveAsda has announced it is to acquire the petrol forecourts and convenience store operations in the UK and Ireland of its sister business, EG Group, in a deal worth £2.27bn.The long-awaited tie-up of the two groups, both owned by the billionaire Issa brothers and the private equity firm TDR Capital, is expected to create a combined business worth about £10bn and will allow the supermar
  
  Read more

• Data: Food inflation slows for first time in two years

  30-05-2023 09:46 via retailgazette.co.uk
  
  // Food inflation in May slows for the first time in nearly two years but is still the second-fastest annual increase ever measured
  // Annual food inflation slipped slightly from 15.7% to 15.4% this monthFood inflation has fallen for the first time in nearly two years – but is still 15% higher year on year.
  The latest figures from the British Retail Consortium show annual food inflation slipped slightly from 15.7% to 15.4% in May.
  Despite the fall, it was still the second-fastest annual in
  
  Read more

• Sainsbury’s slashes prices on over 40 own-brand dairy products

  30-05-2023 09:20 via retailgazette.co.uk
  
  // Sainsbury’s cuts prices of more than 40 dairy products by up to 60%
  // The supermarket chain has also added further products to its Nectar Prices campaign.Sainsbury’s has cut the price of over 40 dairy products as it looks to support customers with the rising cost of living.
  From today, shoppers can save up to 60% on popular dairy essentials including cheese, cream and yoghurts.
  The supermarket chain is also adding customer favourites, such as Lurpak and Philadelphia, to
  
  Read more

• Asda confirms £10bn petrol station merger; shop price growth hits record high – business live

  30-05-2023 09:05
  
  Asda will buy 350 petrol stations and over 1,000 food-to-go locations from EG Group, creating a £10bn entity; BRC data shows shop prices rose 9% in MayFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery prices may have reached its peak after keeping the broader consumer prices index painfully high so far this year, my colleague Phillip Inman writes.After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said ann
  
  Read more

• Asda to buy UK operations of petrol chain operator EG Group in £2.3bn deal

  30-05-2023 08:55
  Billionaire Issa brothers mastermind deal that will reduce debt of their company
  
  Read more

• Ocado faces demotion from FTSE 100 as shares fall

  30-05-2023 08:44 via retailgazette.co.uk
  
  // Ocado Group is set to be ejected from the FTSE 100 this week
  // The group which made a £21bn debut on the stock exchange in 2020 is now worth less than £4bn.Ocado Group is facing a demotion from London’s leading share index after its shares slumped even further.
  The online grocer’s stock market value has more than halved in the past 12 months and is expected to drop down into the FTSE 250 this week, according to data from FTSE Russell.
  Inflationary pressures and r
  
  Read more

• Superdrug reduces price of own brand suncare range by 20%

  30-05-2023 02:00 via theretailbulletin.com
  
  Superdrug is reducing the price of its own brand suncare range by 20% as it looks to make the products more affordable and help families stay... View Article
  
  Read more

• Sainsbury’s moves value brands to Stamford Street

  30-05-2023 02:00 via theretailbulletin.com
  
  The Sainsbury’s supermarket has rebranded all its entry price point brands to the new name of Stamford Street. Named after the previous home of Sainsbury’s in... View Article
  
  Read more

• Sainsbury’s cuts prices on 40 diary products

  30-05-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s has today cut the price of over 40 dairy products in a further effort to support shoppers with inflation. The supermarket has reduced items including... View Article
  
  Read more

• Primark unveils Bridgerton inspired collection as part of Netflix collaboration

  30-05-2023 02:00 via theretailbulletin.com
  
  Primark has launched a Bridgerton inspired collection as part of its ongoing collaboration with Netflix. Now available in select Primark stores globally, the 23-piece range includes... View Article
  
  Read more

• Olio and Whole Foods Market to tackle food waste in London

  30-05-2023 02:00 via theretailbulletin.com
  
  Olio, the local sharing app, is launching a partnership with Whole Foods Market, supporting the natural and organic food retailer with food waste prevention at its... View Article
  
  Read more

• Matalan appoints chief trading officer

  30-05-2023 02:00 via theretailbulletin.com
  
  Matalan has appointed Ben Smith to the newly created role of chief trading officer. Smith joined the fashion retailer in March as interim buying and merchandising... View Article
  
  Read more

• Mango embarks on UK expansion

  30-05-2023 02:00 via theretailbulletin.com
  
  Fashion retailer Mango is continuing its expansion in the UK with plans for to reach a total of 13 new store openings in 2023. In a... View Article
  
  Read more

• Freemans release first ever Beauty Box as category sales up 33%

  30-05-2023 02:00 via theretailbulletin.com
  
  Digital department store Freemans has launched its first ever beauty box while announcing category sales have soared 33% in the first five months of the year... View Article
  
  Read more

• Evolving to meet changing customer demands

  30-05-2023 02:00 via theretailbulletin.com
  
  Retailers must constantly evolve and adopt more sustainable business models if they are to successfully navigate the changing behaviours and demands of customers. Consumer behaviours are... View Article
  
  Read more

• Birdie Fortescue returns to London’s King’s Road

  30-05-2023 02:00 via theretailbulletin.com
  
  Birdie Fortescue, the luxury home accessories brand, has returned to London’s King’s Road with a second pop-up store. The 1,728 square foot shop will remain open... View Article
  
  Read more

• Asda acquires EG Group’s UK and Ireland business

  30-05-2023 02:00 via theretailbulletin.com
  
  Asda is acquiring EG Group’s UK and Ireland business in a £2.27 billion deal. In a statement, the supermarket said it is purchasing the UK and... View Article
  
  Read more

• Amazon launches new term-time contracts for workforce

  30-05-2023 02:00 via theretailbulletin.com
  
  Amazon has today launched an innovative new contract that offers parents, grandparents and guardians of school-age children the choice to work term-time only. The new contracts... View Article
  
  Read more

• UK shop price inflation rises to record high, industry data shows

  30-05-2023 01:01
  Food cost growth eases slightly as lower energy costs filter through supply chains
  
  Read more

• UK food inflation falls in May, raising hopes prices may have peaked

  30-05-2023 01:01
  
  British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop prices hits fresh highFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery prices may have reached its peak after keeping the broader consumer prices index painfully high so far this year.After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said annual food inflation eased this month from 15.7% to 15.4%, even as the overall ris
  
  Read more

• UK food inflation falls in May, raising hopes price rises may have peaked

  30-05-2023 01:01
  
  British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop prices hits fresh highFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery prices may have reached its peak after keeping the broader consumer prices index painfully high so far this year.After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said annual food inflation eased this month from 15.7% to 15.4%, even as the overall ris
  
  Read more

Follow @retailuknws on Twitter!