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Retail

  • Supermarkets supplying N. Ireland to get three month grace period after transition period

    December 9, 2020

    Supermarkets selling into Northern Ireland will have a grace period to adapt their supply systems to the post-Brexit trading reality, Michael Gove said today. When the Brexit transition period ends at the end of the year, Northern Ireland will remain aligned to the EU’s single market and goods arriving in Northern Ireland will be subject [...]

  • Asda to close stores on Boxing Day so staff can see family

    December 9, 2020

    Asda will not open its stores on Boxing Day, instead choosing to give thousands of employees the chance to stay home with loved ones.  The supermarket said the decision was made in recognition of employees’ efforts as key workers during the Covid-19 pandemic.  All 631 of Asda’s stores will close for two days over the [...]

  • What it’s like to launch a restaurant in a pandemic

    December 9, 2020

    New Indian restaurant Pali Hill’s Avinash Shashidhara tells us what it was like opening a restaurant just as the government announced a national lockdown – not once but twice. I left the River café in 2018 after 10 amazing years and I felt like I was leaving home all over again. I wanted my own [...]

  • Canada launches gift card to boost spending at Square Mile businesses

    December 9, 2020

    A new gift card for Canada has been launched to make up for lost spending time during the pandemic.

  • Tesco to complete £8bn sale of Thai and Malaysian units this month

    December 9, 2020

    Tesco is set to complete the sale of its Thailand and Malaysia businesses later this month after all conditions for the deal were satisfied. The UK supermarket giant announced in March that it was going to sell the two Asian businesses to Thai conglomerate CP Group. The deal is worth £8bn. Tesco is seeking to [...]

  • Give our events industry the tools to save itself from Covid

    December 9, 2020

    More than 1.5 million people are employed in the UK’s events industry and we all have one thing in common: we are problem solvers.  That is what we do, day in, day out. We are logistics experts, known the world over for our technical and creative talents.  We are ready to get back to work, [...]

  • Stephan Shakespeare: Could Mike Ashley bring in customers to save Debenhams?

    December 9, 2020

    Customers of Mike Ashley’s Fraser’s Group are typically more likely to consider buying from struggling department store Debenhams, YouGov research has revealed. It has been a tough year for retail but Debenhams has been hit particularly hard, with several of its stores closing their doors in May. Now, liquidators have been brought in to start [...]

  • Sunday’s shopping surge beats Black Friday to largest shopping day of the year

    December 8, 2020

    In what will be seen as a big boost for retailers, this past weekend has beaten Black Friday to the current crown of busiest shopping day of the year so far. This follows data released by Barlcayard Payments, which processes nearly £1 in every £3 spent in the UK, revealing that this weekend was the [...]

  • CMA launches probe into billionaire brothers’ takeover of Asda

    December 8, 2020

    The UK’s competition regulator has launched its stage one probe into the billionaire Issa brothers’ takeover of supermarket Asda. Back in October the brothers, along with private equity group TDR Capital, agreed to buy the grocer from US giant Walmart for £6.8bn. At the time, Walmart said that it expected the deal to be subject [...]

  • Joules sales hit by lockdowns and country show cancellations, sending shares lower

    December 8, 2020

    Sales at Joules sunk in the six months to the end of NOvember due to lockdowns and Covid-19, sending shares lower

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