Category Archives: Retail industry

More than a fifth of Britons struggling as grocery price inflation hits 13-year high

Posted on by

Nine in 10 people say they are worried about the rising price of their shop, Kantar survey finds

More than a fifth of households in Great Britain say they are struggling to make ends meet as the price of the weekly grocery shop rises 7%, the highest level of inflation in 13 years.

Nine in 10 people say they are worried about the rising price of groceries, according to the market research group Kantar, putting the issue in second place behind concerns about energy bills as the cost of living crisis hits families hard.

Continue reading...

Trader Joe’s workers push to unionize amid wave of organizing efforts

Posted on by

Branch in Hadley, Massachusetts, would be the first unionized store out of more than 530 locations in the US

Organizers have begun a unionization campaign at the upscale supermarket chain Trader Joe’s after workers at a branch in Hadley, Massachusetts, announced they were forming a union and intend to file a petition with the National Labor Relations Board to hold an election.

It would be the first unionized Trader Joe’s store out of more than 530 locations in the US. Workers are organizing independently, citing the similar framework of the Amazon Labor Union, which is not affiliated with traditional, established labor unions.

Continue reading...

Pay gap in UK between bosses and workers likely to widen in 2022

Posted on by

After narrowing during pandemic, analysis suggests FTSE 350 CEOs will collect 63 times average median pay at their companies

The gap between the pay of bosses and employees will widen again this year after narrowing during the pandemic, research suggests.

FTSE 350 chief executives are expected to collect 63 times the average median pay of workers at their companies , according to the High Pay Centre thinktank, which campaigns for fairer pay structures.

Continue reading...

M&S chair attacks ‘pointless’ post-Brexit rules for Northern Ireland

Posted on by

Archie Norman backs UK plans to scrap parts of protocol, saying lorries require ‘700 pages of documents’

The chairman of Marks & Spencer has backed government plans to override parts of the Northern Ireland protocol, saying that some food exported south of the border now requires 700 pages of customs documents, partly written in Latin.

Archie Norman, a former Conservative MP, called on the UK government and EU to come to an agreement, saying the rules for sending food between them were “highly bureaucratic and pretty pointless” given that British food standards were in line with or higher than those of Brussels.

Continue reading...

UK preparing for Queen’s platinum jubilee with thousands of events

Posted on by

Celebrations to be spread out across country during extended bank holiday weekend but royal family urge more to get involved

The UK is preparing to celebrate the platinum jubilee weekend in style, with 1,458 public events and 1,775 street parties or private events officially registered to take place from 2 to 5 June.

The celebrations are spread out across the country, with 240 in and around London, 208 around Manchester, 133 near Birmingham, 98 in Scotland – including four in the Orkneys and one on the Isle of Lewis – 21 in Northern Ireland and two in Guernsey.

Continue reading...

John Lewis boss calls for Covid-style cost of living aid package

Posted on by

Dame Sharon White follows Tesco chief in urging UK government to help with rising energy and grocery bills

The boss of John Lewis has urged the governmentto intervene with a financial package of support to protect families from the cost of living crisis on the same scale as it did to help the nation deal with the Covid pandemic.

Dame Sharon White, a former second permanent secretary at the Treasury, said the government needed to act urgently as families struggle to pay utility and food costs as energy bills and inflation soars.

Continue reading...

Boohoo likely to raise prices after pre-tax profits fall 94%

Posted on by

Fast fashion retailer blames delivery disruption and wavering pandemic demand for increasing costs

Boohoo has admitted its clothing prices are likely to rise this year after profits almost halved amid weakening consumer demand and rising costs.

The online fashion specialist said pre-tax profits fell 94% to £7.8m in the year to 28 February. Sales rose 14% to almost £2bn but growth was down more than 40% in the previous year, as deliveries overseas were held up by disruption to international shipping and wavering demand during the pandemic.

Continue reading...

Rising feed prices mean chicken could soon cost as much as beef, says Co-op

Posted on by

Price of UK’s most popular meat is rising faster than any other protein, according to retailer’s boss

Chicken’s relative affordability has helped make it the country’s meat of choice but one of the UK’s biggest food retailers has warned it could soon be as pricey as beef as production costs soar.

Steve Murrells, chief executive of the Co-op, said that feed costs had become a huge challenge for the poultry industry. “Chicken could become as expensive as beef. Chicken, which was incredibly cheap and great value for money, is rising quicker than any other protein.”

Continue reading...

Why are UK supermarkets rationing cooking oil?

Posted on by

Tesco, Morrisons and Waitrose have limited sales after concerns over shortages caused by Ukraine war

The latest supermarket data from Kantar shows shoppers have been stockpiling cooking oil due to concerns about the shortage of sunflower oil caused by the Russia-Ukraine war.

Here we look at what’s behind the shortages, what the situation means for consumers and how long it might last.

Continue reading...

Shelf shock: soaring supermarket prices shoppers find hard to swallow

Posted on by

From dog food to coffee, readers are reporting some basic goods’ prices are rising by far more than inflation

Inflation is rampant, and supermarket prices are no exception. Shoppers are returning to stores to find old favourites have leapt in price from one week to the next. The cost of consumer goods is spiralling at such a rate that retail analysts have coined a new term, shelf shock.

Nestlé, the owner of KitKat, Häagen-Dazs and Felix cat food, became the latest consumer goods group to warn of more pain to come on Thursday, saying it had raised prices by 5.2% in the first three months of this year and that rising production costs would force another increase soon.

Continue reading...

UK consumer confidence even lower than in 2008 financial crisis

Posted on by

Slowdown in retail sector feared as public gripped by pessimism about the economy as well as personal finances

Fears that Britain is heading for a marked slowdown in consumer spending have intensified as it emerged that the public is gloomier about the economy than when banks were on the brink of collapse during the financial crisis of 2008.

A combination of rocketing energy prices, higher taxes and a surge in the annual inflation rate to its highest level in three decades meant confidence was in freefall, according to the latest monthly snapshot of sentiment.

Continue reading...

Co-op to ditch use-by dates on its yoghurt to cut waste

Posted on by

UK consumers urged to use their judgment rather than chuck away products that are safe to eat

The Co-op is removing use-by dates from its own-brand yoghurt in an attempt to address the problem of millions of pots that are still safe to eat being wasted each year.

Instead, starting next month, the Co-op’s own yoghurts will carry a best-before date, with shoppers encouraged to “use their judgment” to gauge if they are edible. About 42,000 tonnes of yoghurt – £100m worth – is thrown away in British homes each year because it is out of date, according to the food waste charity Wrap. Half are dumped in unopened packs.

Continue reading...

THG rejects ‘unacceptable’ takeover approaches as revenues jump by 35%

Posted on by

Online shopping group says it has dismissed ‘multiple’ attempts to buy company

Online shopping group THG has dismissed “numerous” takeover approaches as “unacceptable”, saying they undervalued the company.

Manchester-based THG (formerly known as The Hut Group), which runs beauty and nutrition websites including Lookfantastic, Cult Beauty and Myprotein, confirmed there had been interest from third parties, but said the company was not currently involved in any talks.

Continue reading...

Next and group of investment firms buy JoJo Maman Bébé

Posted on by

Baby clothing and maternity wear retailer grew from kitchen table startup

The baby clothing and maternity wear retailer JoJo Maman Bébé – whose high-profile customers include the Duchess of Cambridge – has been snapped up by the high street company Next and a group of investment firms.

Laura Tenison, who started the business in 1993 from her flatshare kitchen table and turned it into one of the UK’s leading mother and baby retailers, said the new owners had “exciting plans to expand and grow the brand much faster than we ever could, giving us the opportunity to open in new markets”.

Continue reading...

Shirtmaker TM Lewin could return to UK high street in rescue deal

Posted on by

Company’s lender, understood to be Petra Group, said to be considering possibility of opening stores

The shirtmaker TM Lewin could return to the high street after being rescued from administration by its main lender, understood to be Petra Group.

It is not clear if the group’s 50 staff will be kept on under the rescue deal for TM Lewin, which called in administrators last month for the second time in less than two years.

Continue reading...

Union rejects pay rise of £1,500 for BT staff and plans strike ballot

Posted on by

CWU bosses say increase is relative cut in salary but BT says it is its biggest award in two decades

BT has given 58,000 workers a £1,500 pay rise that it says is its biggest award in two decades, despite its largest union rejecting the deal and saying it intends to ballot members over strike action.

Last week BT had a £1,200 pay rise offer rejected by the Communication Workers Union (CWU), which represents about 40,000 of the company’s 100,000 employees, with union bosses describing it as “insulting” and a “relative pay cut” as soaring inflation fuels a cost of living crisis.

Continue reading...

Bounce in Easter retail as trend for seasonal decorations grows

Posted on by

High demand for crackers, wreaths and trees as sales soar beyond traditional bunnies and chocolate

Traditionally a time for bonnets, bunnies and a surfeit of chocolate, Easter has increasingly taken on a new aspect, and more so since the lifting of Covid-19 restrictions.

Easter crackers, Easter wreaths, and Easter trees are now critical components in the commercialisation of the Christian festival, with the bank holiday beginning to look a lot like Christmas.

Continue reading...

Deliveroo extends its range adding new partner WH Smith’s products

Posted on by

Deliveries will start in Reading, as the takeaway service continues its expansion into new areas.

Books, stationery, phone chargers, toys and exam study guides are the latest items to be ferried to customers on fast-track delivery bikes via a partnership between WH Smith and Deliveroo.

The high street retailer will offer 600 products for delivery in as little as 20 minutes, joining similar services offered by supermarkets, pharmacies and takeaways.

Continue reading...

‘I am watching my business fall apart’ – Can retailers survive inside Putin’s Russia?

Posted on by

A local partner of one British brand says his hopes are fading and risks deepening as stock dwindles

Western brands have swiftly moved to shut down operations in Russia since the invasion of Ukraine, wiping well-known goods from the shelves. But what does it feel like for those trying to run businesses in the country?

The Russian partner of one western brand shares their story.

Continue reading...

Free-range eggs unavailable in Britain from Monday

Posted on by

Hens have been indoors for months because of avian flu and their eggs must now be differently labelled

Consumers will no longer be able to buy free-range eggs in the UK from Monday, with birds not having been allowed outdoors since November due to fears of avian flu outbreaks.

Eggs sold in shops will have to carry a sticker or label saying they are in fact “barn eggs”, the name given to eggs produced by hens permanently housed indoors.

Continue reading...