The Co-op convenience chain is overhauling its store management structure in a move that will impact more than 2,000 staff.
The retailer revealed it is cutting four layers of managers in each store to three following a successful trial in around 300 shops over the past two years.
It will axe the role of team manager across its 2,600 stores, but...
Domino’s Pizza has seen sales surge by nearly a fifth over its first quarter as demand for takeaways jumped during lockdown.
The takeaway chain reported an 18.5% hike in UK and Ireland like-for-like sales – excluding stores opened near another outlet in so-called split territories – for the three months to March 28.
Domino’s, which is holding its annual general meeting...
Commercial landlord Hammerson has sold its last remaining retail parks to a Canadian investor for £330 million.
The company said its Middlesbrough and Falkirk sites are among those being transferred to Brookfield.
The sale knocked 8% off the £357 million book value the seven retail parks had been given at the end of last year.
Today, we announce that we have exchanged...
The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award as the retail giant weathered torrid high street conditions amid the pandemic.
Chief executive Lord Simon Wolfson enjoyed a 28% pay hike thanks to a £2.4 million long-term shares bonus – taking his overall package to the...
Changes to enable cashback without purchase in shops must be part of a wider strategy to make sure people are not cut off from cash, according to Which?
The consumer group welcomed changes in the House of Lords to the Financial Services Bill, which will mean corner shops, pubs and cafes will soon be able to offer cashback without people...
Argos has said it is set to close its Somerset distribution site.
The Unite union has warned that the move will put “230 jobs at risk” at the retailer’s Bridgwater warehouse.
It said it is “committed to fight to save as many jobs as possible” after the site was earmarked for closure next year.
Argos owner Sainsbury’s has confirmed that the depot...
Amazon is cutting into the hair styling sector with the opening of its own salon in the UK.
The bricks-and-mortar “experiential” venue is launching in London’s Spitalfields, on Brushfield Street, as a showcase for new products and the latest industry technology.
This includes augmented reality hair consultations to virtually test out a new hair colour, as well as point-and-learn technology where...
Primark’s owner will repay £121 million in furlough money claimed under government job retention schemes and pay out a dividend to shareholders despite a slump in profits.
Associated British Foods (ABF) said the decision comes despite stores remaining closed for most of the autumn and winter period, leading to revenues and profits plunging.
Sales were down 17% to £6.3 billion and...
Much has been documented about the death of the high street and irrevocable ecommerce trends rendering stores obsolete. But might physical stores see something of a comeback once restrictions are lifted?
On the one hand, online penetration will inevitably remain higher than it was pre-Covid. Indeed, John Roberts, CEO of AO World, recently said that he believed the shift to...
LINK, the UK’s main ATM cash machine network, has welcomed legislation supported by the Government that will help to facilitate a potential nationwide rollout of free cash withdrawals from participating retailers’ tills.
The legislation forms part of the Financial Services Bill and once successfully passed through the House of Commons means that, over time, potentially thousands of shops could begin to offer the service. Last night (19 April 2021), the Government accepted an amendment in the...
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