Retail news

• Timpson family enjoys £12.8 million dividend as lockdown impact fades

  11-06-2023 21:19 via retailgazette.co.uk
  
  // The Timpson family gave themselves a £12.8m dividend last year
  // The high-street retailer’s sales have bounced back post-pandemicThe Timpson family paid themselves a £12.8m dividend in 2022 as the business raked in profits “way beyond” expectations last week.
   In the 53 weeks to 1 October, 2022 the retailers‘ pre-tax profits surged 66% to £40.6m  as sales soared 40% to £297.4m.
  The average number of staff employed by the company
  
  Read more

• Are supermarkets price gouging in a cost of living crisis? - podcast

  11-06-2023 17:00
  
  Australia’s big supermarkets have increased profit margins throughout the pandemic and cost of living crisis, and some critics have accused them of ‘excessive pricing’. In response, Woolworths and Coles argue their promotional items show they are protecting customers from some of the price hikes – but are they actually a good deal?Senior business reporter Jonathan Barrett explores how supermarkets have increased their profit margins, and the calls to reform the sector and
  
  Read more

• Timpson family takes £12.8m dividend after lockdown effect recedes

  11-06-2023 15:33
  
  Demand resurfaces for dry cleaning, watch repairs and key cutting, though shoe repair remains out of favourThe Timpson family paid themselves a £12.8m dividend last year as dry cleaning, key cutting, watch repairs and photo processing bounced back at the high street stalwart after pandemic lockdowns – but shoe mending sales remained downtrodden.The family-owned Timpson Group includes Snappy Snaps, Johnsons dry cleaners and a small group of pubs alongside its namesake shoe-repair and
  
  Read more

• Would you put an erect penis on a packet of cheese? Absolutely no whey | David Mitchell

  11-06-2023 11:00
  
  Removing the incongruous image of the Cerne Abbas giant’s member from a dairy product was the upstanding thing to doHow comfortable are you with sniffing dairy products? Bringing the milky substance right up to your face and giving a long, exploratory nasal inhalation. I’m asking because that’s what M&S now want you to do. They’ve decided to get rid of use-by dates on milk, replacing them with the comparatively toothless best-before dates so “customers can use t
  
  Read more

• Advertisement

Follow @retailuknws on Twitter!