Day: November 28, 2024
Supermarkets already rethinking investment plans as business rates bill gets second reading
The proposed changes could add hundreds of millions in tax on large supermarkets
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Out of town retailers damaging high streets, warns Lords committee
The Built Environment Committee has made a series of recommendations for boosting high streets, while giving its support to the government’s business rates reform plans
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City snapshot: Remy Cointreau’s cost cutting helps limit profit slide
Remy Cointreau is cutting around €50m in costs this year to help limit its profits slide as sales continue to plummet in the US and China. Also, consumer confidence unaffected by last month’s budget, according to the British Retail Consortium.
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Don’t slap tariffs on spirits that can’t be made in US, spirits group urges Trump
The spirits industry had been ’weighed down by retaliatory tariffs’ since 2018, Discus said
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Nice Rice wins inaugural Future of Food award
Rice has the second highest emissions of any food after beef
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Morrisons ditching Ocado CFC in favour of store pick for online orders
The supermarket has been working with Ocado since 2013, sharing capacity at two of its customer fulfilment centres in Dordon and Erith
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Tesco to roll out own label gut health range in 2025
The supermarket has applied to register the name ‘Gut Sense’ as a trademark
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Black Farmer brand and sheep sector hit by Storm Bert floods
Almost 100 flood warnings are still in place across England and Wales
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Aldi rewarding loyalty at Christmas with ‘Big Advent Giveaway’
Every day from Sunday 1 December, customers will have the chance to win back the cost of their shopping
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Planet Organic ‘forced’ to close another store after failing to agree new lease
The Spitalfields store is the third Planet Organic closed since founder Renée Elliott’s return to the business
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FSA backtracks on plans for supermarkets to run food safety inspections
Today the agency admitted there had been a lack of transparency over the proposals and announced it had put the plans on hold
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Amazon launches first new Fresh store in a year
The store – in West Hampstead – also gives shoppers the option to use a self-checkout till
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Typhoo Tea brings in administrators as vape maker Supreme negotiates rescue deal
London-listed vape manufacturer Supreme confirmed this afternoon it is “currently participating in a process regarding the potential acquisition of Typhoo Tea”
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Pets at Homes shares tank amid profit warning and worries of ‘subdued’ market
Pets at Home saw more than £200m wiped off its valuation this week as investors raced to sell-off shares after the chain warned of a “unusually subdued” pet retail market
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Arla slams boycott calls over methane-cutting feed additive as ‘misinformation’
The dairy giant this week announced a trial of the use of Bovaer, an additive that is claimed can cut methane emissions by 27%
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Scotmid Co-op teams up with home delivery service Scoffable
Customers can choose from up to 7,000 items, with groceries delivered in an hour. The cost of delivery is £3, alongside a service charge of 50p
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Waitrose opens new store and expands convenience partnerships
Waitrose will expand its franchise partnerships with Shell and Welcome Break, after opening its first new store in six years
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Pets at Home boss has no current plans for job cuts or price rises
Pets at Home boss Lyssa McGowan has refused to rule out job cuts and prices rises ahead of the upcoming tax rises.
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Christmas spending at risk as consumers’ economic fears worsen
Consumer confidence remains subdued as the festive season approaches, with households expr
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Dr Martens swings to first-half loss
Dr Martens swung to a pretax loss in the first half, as elevated costs and weakness in wholesale revenue, especially in the US, weighed on its bottomline.
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