Food Price Inflation Drives Grocery Sales Growth, Volume Sales Decline
Inflation hits grocery sales as total till sales rise 7.6% due to food price inflation reaching 13.8% in January,...
Monthly Archives: February 2023
Aldi Donates £1m for Apprenticeship Funding to Support SMEs Across UK
Aldi plans to donate £1m to support local apprenticeship schemes for small and medium-sized businesses in 2023. The supermarket...
Amazon Sublets Empty Warehouses, Cuts 18,000 Roles Amid Slowing Growth and Profit Halving
In a surprising move, Amazon is reportedly subletting empty warehouses across the UK as it halts growth plans after...
Frasers Group Eyes £100m Shopping Centre Acquisition Amid Pandemic Recovery
Mike Ashley's Frasers Group is reportedly set to acquire two shopping centers: Overgate in Dundee for £30m and The...
UK Trade Bodies Demand Reform of ‘Broken’ Apprenticeship Levy System
UK Retail and Hospitality Trade Bodies Call for Reform of "Broken" Apprenticeship Levy SystemFour UK trade bodies, including the...
Tesco Executive Jason Tarry Eyed as Potential Replacement for Morrisons CEO
Tesco executive Jason Tarry emerges as a potential candidate to replace Morrisons CEO David Potts, with both sharing a...
Screwfix Nears 1,000 Store Target with 87 New Sites in a Year
Screwfix, a trade retailer, is on track to reach its goal of opening over 1,000 stores across the UK,...
Apple Reports 5% Revenue Drop in Q1, Declares Cash Dividend Amid Challenging Environment
Apple's revenues dropped 5% to $117.2bn in Q1, with product sales falling to $96bn but services sales increasing slightly...
JD Sports Aims for Rapid Expansion with New Growth Strategy
JD Sports plans to open 250-350 new stores annually in underpenetrated markets, investing £500m-£600m per year in expansion. CEO...
Amazon’s Profits Plummet Despite Strong Holiday Sales
In a surprising turn of events, Amazon's full-year profits plummeted by 50% to $12.2 billion in FY22, despite a...