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Retail

  • Face masks make people look more attractive

    January 20, 2022

    Are you more attractive with a face mask on? The answer may be yes because masks, particularly the surgical kind, make people appear more pretty, according to a new study. The study presented female participants with 40 male faces of “low to high attractiveness” in various states: Partially covered by a cloth mask, a surgical [...]

  • City Pub Group looks to office workers’ return as pub sector faces soaring energy costs

    January 20, 2022

    Premium pub operator the City Pub Group has said it is hopeful the return of office workers will boost its sales in cities across the country. It said there had been a “significant increase in trade” in the last 10 days, which it put down to an increased consumer confidence.  The easing of the government’s [...]

  • After a week from hell: Shareholders tell Unilever to focus on health to avoid being struck hard by regulatory changes

    January 20, 2022

    Food giant Unilever should focus further on health after a week of fierce criticism for the Marmite manufacturer, a group of major asset managers and shareholders said this morning. The coalition of investors, backed by Share Action, said it is urging the company to adopt ambitious targets to increase the share of healthy foods in [...]

  • Christmas sales at Revolution Bars dip as sector welcomes end of Omicron measures

    January 20, 2022

    Revolution Bar Group has posted its disappointing like-for-like sales over the Christmas trading period, when fresh Covid measures hindered pub bosses’ hopes. Like-for-like sales sales for the six week period ending 1 January were down -23 per cent in comparison to the last Christmas before the pandemic struck. Office parties were cancelled in waves as [...]

  • Primark to cut 400 jobs across the UK as part of overhaul of management team

    January 20, 2022

    Primark owner Associated British Foods has reported a 16 per cent boost in group revenues for the 16 weeks up to 8 January 2022.

  • Superdry cuts its losses despite tumbling revenues

    January 20, 2022

    Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.

  • Deliveroo celebrates 70 per cent jump in transactions with average orders per customer climbing to 3.4 per month

    January 20, 2022

    Deliveroo saw sales jump last year as customers continued to increase the number of orders they placed on the platform despite lockdown easing. The company said that gross transaction value – its favourite measure – rose 70% around the world, at the top end of what it had told shareholders to expect. In the UK, [...]

  • Shop staff fear abuse and Covid infection after government ‘flip-flopping’ on mask policy

    January 19, 2022

    Retail workers have called on the government to reconsider its plans to scrap the requirement for shoppers to wear face masks. Prime Minister Boris Johnson announced the end of England’s plan B Covid restrictions yesterday. Mandatory mask rules will be scrapped next Wednesday.  Retail trade union the Union of Shop, Distributive and Allied Workers (Usdaw) [...]

  • Procter & Gamble lifts sales forecast after price hikes and Covid demand for cleaning products

    January 19, 2022

    Consumer goods giant Procter & Gamble hiked its annual sales forecast on Wednesday after a surge in Covid infections led to an invigorated demand for cleaning supplies. It marked a six per cent leap in quarterly sales, beating expectations.  The company, which owns household brands such as Head & Shoulders and Ariel, reported its fabric [...]

  • ‘John Lewis of sleep’: Eve Sleep shares sink 30 per cent despite accelerated lockdown growth

    January 19, 2022

    Mattress retailer eve Sleep has reported lifted group revenue growth on 2019 levels with sleepy shoppers keen to opt for premium products. However the ‘sleeptailer’ saw shares sink 30 per cent on Wednesday after admitting Covid infection rates had “placed additional strain” on deliveries. The group posted two year group revenue growth of 11 per [...]

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