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Retail

  • Amazon expands Morrisons range as it beefs up grocery deliveries

    August 19, 2020

    Amazon today said it will offer the full range of Morrisons products for delivery as the ecommerce giant ramped up its presence in the UK grocery market. The strengthened deal means Morrisons customers will be able to do their full shop through the main Amazon website. Amazon Prime customers will be offered free same-day delivery [...]

  • Competition watchdog to probe Carlsberg-Marston’s tie-up

    August 19, 2020

    The competition watchdog today said it has opened a probe into a proposed £780m tie-up between beer giants Carlsberg and Marston’s. The Competition and Markets Authority (CMA) said it was considering whether the deal would create a relevant merger situation and damage competition. In May the two companies announced plans to combine their brewing businesses [...]

  • Brute farce: Under Armour scolded by watchdog over shirt strength claim

    August 19, 2020

    Under Armour has been given a ticking off by the advertising watchdog over claims one of its shirts made people stronger. In a promotion for the long-sleeved baselayer shirt, which retails at £55, the sportswear brand said its product had been “tested and proven to improve strength and endurance”. “The way it works is that [...]

  • Pizza Express to cut up to 1,100 jobs after enforced store closures

    August 18, 2020

    Pizza Express has unveiled plans to close 73 of its restaurants in a move that places 1,100 jobs at risk. The dining chain confirmed on Tuesday that it had finalised a proposal to reduce its restaurant and rental costs via a company voluntary arrangement (CVA). The company, which has around 470 sites throughout the UK, [...]

  • Angling Direct reels in strong online sales during lockdown

    August 18, 2020

    Angling Direct has capitalised on pent-up demand as it reeled in strong sales as stores reopened, while maintaining a strong online presence during lockdown. The coronavirus restrictions did little to dent demand as sales jumped to £32.1m in the six months to the end of July. The figures Angling Direct reported a 21 per cent [...]

  • Eat Out to Help Out scheme serves up 35m meals in first two weeks

    August 18, 2020

    More than 35m meals have already been claimed on the Eat Out to Help Out scheme, according to the Treasury. Restaurants, pubs and cafes have so far submitted more than 35m claims to the government for meals that have been discounted under the programme. The scheme gives diners 50 per cent off up to £10 [...]

  • Purplebricks fined £260,000 for breach of money-laundering rules

    August 18, 2020

    Online estate agency Purplebricks has been fined more than £260,000 by HM Revenue & Customs for violating money-laundering rules. Under UK regulations implemented in 2017, estate agencies are required to ensure customers are not using their business to launder money. The legislation says estate agencies are responsible for carrying out financial checks on their clients [...]

  • Marks & Spencer to axe 7,000 jobs within three months amid pandemic

    August 18, 2020

    Marks & Spencer is set to slash 7,000 jobs by December in a huge restructuring brought about by the pandemic, it said today. The high street giant, which was struggling prior to coronavirus, will focus the cuts in its central support centre, regional management and UK stores. It comes on top of 950 job cuts [...]

  • Supermarket visits fall on coronavirus face mask rules

    August 18, 2020

    British shoppers paid fewer visits to supermarkets in the wake of new rules making face masks mandatory, new data has revealed. The number of visits to UK supermarkets was 2m lower than expected in the week after the rule was adopted, according to Kantar. Charlotte Scott, Kantar’s consumer insight director, said the decline showed people [...]

  • Diageo to acquire Ryan Reynolds’ gin brand through Davos Brands deal

    August 17, 2020

    The world’s largest spirits maker Diageo has announced it will buy Ryan Reynolds’ gin brand Aviation American Gin. The company will buy Aviation American Gin, which is co-owned by the Hollywood star, through the acquisition of Aviation Gin and Davos Brands for up to $610m. It will be funded through existing cash and is expected [...]

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