Category Archives: Retail industry

Falsely labelled ‘organic’ products rife on Australian shelves, shoppers warned

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Organic farmers sound alarm about greenwashing amid push to introduce national domestic standard

Organic farmers and retailers have warned that Australians are being misled by producers who engage in a form of greenwashing by falsely labelling their products “organic”.

Australian consumers may be happy to pay higher prices for meat, cheese, cosmetics and other goods marked “organic” but producers can use the term without meeting any particular standards or being certified.

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‘So immoral’: gig economy workers forced to pay fee to receive their wages

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Retail assistants on low pay using YoungOnes platform docked cash or told to wait up to 30 days for earnings

Retail assistants have accused a gig economy firm of “holding them to ransom” by making them pay a fee if they want to receive their wages within a month.

A new payment system brought in by YoungOnes, which supplies “freelance” retail assistants to many well-known high street stores, charges gig workers 4.8% of their earnings to be paid in one minute or 2.9% to be paid in three days. If they decline, they typically have to wait 30 days. Previously the workers were paid in three days, without a charge.

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Tesco enjoys ‘biggest ever Christmas’ as shoppers switch from rivals

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Supermarket now controls 28.5% of grocery market, with sales at UK stores up 4% in six weeks to 4 January

Tesco has recorded its “biggest ever Christmas”, with the UK’s largest supermarket chain landing its biggest share of the festive shopping trolley since 2016.

Sales at established UK stores rose 4% in the six weeks to 4 January, with fresh food performing particularly strongly and clothing and homeware sales also up.

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UK retailers may have to cut thousands of jobs after bleak Christmas

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British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

Britain’s largest retailers are warning they could be forced to cut thousands of jobs this year as the industry braces for higher taxes and employment costs after a bleak Christmas shopping season.

In the latest sign of tough trading conditions on the high street, figures from the British Retail Consortium (BRC) show sales growth over the “golden quarter” between October and December came close to flatlining.

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Number of UK retailers on brink of collapse soars by 25%

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Report for final three months of year shows pressure driven by rising costs and weak consumer confidence

The number of UK retailers on the brink of collapse soared by a quarter in the final three months of the year, driven by a combination of rising business costs and weak consumer confidence, according to a report.

The proportion of retail businesses classed as being in “critical” financial distress jumped 25% to 2,124 in the fourth quarter compared with the third, the insolvency specialists Begbies Traynor said.

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Boxing Day footfall down on UK high streets despite discounts

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Data may reflect shift in behaviour influenced by cost of living crisis or front-loading of spending

Fewer consumers made the journey to high streets and shopping centres in search of Boxing Day discounts this year.

Footfall across UK retailers was down 8.9% as of 3pm on Thursday, compared with Boxing Day in 2023, according to data from MRI Software.

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Boxing Day sales: crowds flock to stores around Australia in search of bargains

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Shoppers expected to splurge on homewares and beauty products, with retail spending projected to top $1.3bn on Boxing Day

Shoppers have flooded stores to make the most of Boxing Day bargains.

Australians are projected to spend $1.3bn on Boxing Day and a further $2.4bn during the last days of December, Australian Retailers Association and Roy Morgan research shows.

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CEO of Mike Ashley’s Frasers Group says budget felt like being ‘kicked in the face’

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Sports Direct owner reports weaker consumer confidence before and after the budget as it cuts profit expectations

The chief executive of the high street retail giant Frasers said that “we felt we’d been kicked in the face” after Rachel Reeves’ autumn budget.

Frasers said it had witnessed weaker confidence among shoppers leading up to and since the budget, as the company reduced its profit forecasts for the year.

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Ikea opens Oxford Street shop dedicated to its famous blue carrier bag

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Pop-up Frakta shop offering blue candy floss and mirrored room opens on site of delayed larger store

Glass cases house beautifully displayed arm-candy at the latest new entry on a reviving Oxford Street in central London.

This is not a designer handbag purveyor but a store dedicated to Ikea’s signature bright blue Frakta carrier bag – a pop-up shop paving the way for the home furnishing retailer’s delayed move into a larger store on-site, which is due to open next year.

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UK sales of seasonal pet treats, toys and food rocketing

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Sales of Christmas pet lines up 964% year-on-year at Waitrose online as people spend more on pet care

Unlike buying a present for a fussy father-in-law or an awkward aunt, a dog won’t complain if their treats aren’t the latest, and a cat is not likely to turn its nose up at a Christmas tree-shaped scratch tree.

Perhaps that’s why Britons are so happy to spend on their pets this Christmas, with sales of seasonal pet treats, toys and food booming.

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Retailers warn inflation could hamper UK shoppers in run-up to Christmas

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British Retail Consortium figures come alongside data showing a fall in household disposable income

Shoppers’ ability to afford Christmas treats has been put under threat as retailers warned November could mark a turning point for inflation, with the recent fall in prices slowing amid increased fresh produce costs and fewer discounts on the shelves.

Shop prices fell by 0.6% in November, compared with a fall of 0.8% in October, according to the latest report from the British Retail Consortium (BRC) and research firm NielsenIQ. The slowdown in deflation was driven by non-food goods and a slight increase in fresh food prices, including seafood.

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Amazon workers in 20 countries to protest or strike on Black Friday

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Workers and their representatives to press US retailer to respect their rights and take action on the climate crisis

Thousands of Amazon workers are expected to protest or strike in more than 20 countries during Black Friday to press for better workers’ rights and climate action from the US retailer..

Workers and representatives from unions and workers’ groups intend to join protests against the Seattle-based company’s practices between Black Friday and Cyber Monday (29 November and 2 December), one of the biggest shopping weekends of the year.

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JD Sports shares slump 14% after profit warning

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Lower sales in UK and North America after mild weather and discounting by rivals offset by 3.5% rise in Europe

Mild weather and discounting by rivals hit sales at JD Sports in October, as the trainers and fashion retailer said profits will be at the lower end of expectations.

The gloomy update sparked a sell-off among investors, sending shares down 14% and wiping about £800m off the value of the FTSE 100 company, which owns the JD chain as well as outdoor wear retailers Millets and Blacks in the UK and chains in the US and mainland Europe. Shares in its rival, the Sports Direct owner Frasers Group, also fell, by 2.5%.

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Lidl returns to profit on sales of £9bn after slowing expansion

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UK business says it has gained 300,000 new shoppers and plans 40 branch openings next year

Lidl’s UK business has bounced back into profit after it slowed expansion in favour of improving existing stores, spurring a jump in sales to above £9bn.

The German-owned discounter, which is close to overtaking Morrisons to become the UK’s fifth-largest supermarket, said it had gained more than 300,000 new shoppers and 60% of Britons visited the chain at least once year.

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Tesco’s £25 champagne beats Moët & Chandon in festive taste test

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Supermarket fizz bursts the prestigious French label’s bubble in blind tastings by consumer group Which?

Champagne at prosecco prices? Every little helps. Tesco’s Finest champagne has triumphed over the prestigious French label Moët & Chandon in a festive quaff test.

The Tesco Finest premier cru brut champagne received the top score of 82% in a blind taste test conducted by the consumer group Which?. The £25-a-bottle bubbly was hailed by judges for its “nutty aroma and fresh, fruity flavours”. The supermarket fizz beat Moët & Chandon, which scored 77% and at £44 is almost twice as expensive.

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Burberry’s turnaround chief plans £40m cuts and ‘scarf bar’ rollout

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Shares in fashion brand jump as ‘urgent’ cost-cutting programme announced following half-year losses

Burberry has unveiled a £40m cost-cutting programme as its new chief executive pledged to “stabilise the business” with a turnaround plan aimed at reviving the fortunes of the ailing British luxury fashion brand.

Joshua Schulman, the former Coach boss who replaced his ousted predecessor, Jonathan Akeroyd, in July, said the company was “acting with urgency” after straying too far from its roots of “timeless core collections” and outerwear, including trench coats and scarves with its distinctive Burberry check.

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Boots says it will ‘draw lessons’ from research into links to slavery

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Report looked into donations to Nottingham universities by Jesse Boot, who expanded pharmacy chain

The high-street pharmacy Boots’s links to the transatlantic slave trade have been revealed in new research that shows how the proceeds of enslavement became entangled with British capitalism.

Jesse Boot, the son of the company’s founder, expanded the chemist with the help of banks and premises linked to slavery. He was not identified as involved in the enslavement of people, the trade of enslaved people or trade in goods made by enslaved people.

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UK retail sales growth slumps as shoppers wait for Black Friday deals

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Later October half-term break and budget uncertainty also led to lower spending, says industry

Growth in UK retail sales slumped in October, according to industry figures that suggest shoppers have put off spending in anticipation of Black Friday promotions and because of a later school half-term break.

Figures from the British Retail Consortium (BRC) show total sales grew by 0.6% year on year in October, significantly weaker than September’s and less than half the three-month average growth rate.

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Burberry shares rise after reports Moncler is considering bid

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Head of LVMH, an investor in Italy’s Moncler, reportedly keen to get deal done with British luxury brand

Shares in Burberry have risen by more than 7% after reports suggested Italian rival Moncler may be considering a bid for the British luxury fashion brand.

The spike came after the trade journal Miss Tweed reported that Moncler, which also owns Stone Island, was looking at a potential acquisition of Burberry, which has struggled as demand for luxury goods has fallen.

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Greggs scoffs at reports of snub by its Christmas ad star Nigella Lawson

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TV chef, who has signed up for bakery chain’s first ever festive advert, says she is a fan of its sausage rolls

Nigella Lawson has issued an impassioned paean to the Greggs sausage roll, amid reports of a banger-based dust-up that threatened to cast a shadow over her appearance in the bakery chain’s first ever Christmas advert.

Greggs confirmed on Sunday that the celebrity chef and cookbook author had agreed to star in its inaugural Christmas promotion, in which Lawson will purr over such delicacies as vegan festive bakes.

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