Year: 2019

Co-op and Superdrug agree meal deal partnership

The Co-op has struck a “meal deal” with Superdrug which will see it supply the health and beauty chain with an extensive food-to-go range including sandwiches, salads and fruit. The trial will see Co-op become Superdrug’s food-to-go partner and initially supply its award winning own-brand products to seven branches located…

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How Making Tax Digital is going to help the retail sector

Shop closures are an all too familiar scene. A recent study by The Guardian found that English and Welsh town centres have lost 8% of their shops on average since 2013 (equating to 40 shops per town centre). While the sector is riding the waves of a storm, the digitisation…

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Amazon invests in Deliveroo

Deliveroo has announced it has received $575m (£450m) in investment from online retailer, Amazon. The investment makes Amazon the largest investor in Deliveroo’s shared funding round, which the app hopes will allow it to invest heavily in expanding the company’s tech team at its UK Headquarters, expand further to reach…

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Brands vs the people: the rise of independent online retailers

After the hard knock the UK’s retail sector took following the 2008 financial crash, things are finally starting to look brighter. Consumers are driving this up-turn with their clicks; with the majority of Gen Z and Millennials now choosing to do most of their shopping online. This year, more than…

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Asda experiences sales dip after failed merger

Asda has seen its sales drop amid an “incredibly challenging backdrop” during which it also saw its Sainsbury’s merger plans with rival Sainsbury’s scuppered by the CMA. Asda said the decline, which ends its record of seven consecutive quarters of growth, arose due to the later timing of the busy…

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Waitrose & Partners plans to ‘treble’ size of online operations

Waitrose and Partners has announced plans to treble the size of its online grocery operation to a £1bn business over the next three years, working in partnership with Today Development Partners (TDP) . According to the grocer, the move with TDP, which is headed by Jonathan Faiman and Mo Gawdat,…

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The state of the UK high street in 2019

We may only be in the first half of the 2019 but there has already been a continuation of 2018’s disastrous year for the UK high street. In recent weeks we’ve seen Debenhams slide into administration with other household names like fashion retailer Select and off-license group Oddbins both close…

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Farfetch revenues jump 39% in Q1

Online fashion retailer Farfetch has reported a 39% increase in revenue for the first quarter of 2019 ending 31 March. Revenues increased by $48.4m (£3.7m year-over-year from $125.6m (97.8m) in first quarter 2018 to $174.1m (135.6m) in 2019. The increase was primarily driven by 43.2% growth in platform services revenue…

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Yours Clothing sees 87% profit rise

Discount clothing retailer, Yours Clothing has announced it has seen its full year pre-tax profits for the year ending 3 February rocket by 87% up to £12.4m. Yours Clothing also said it saw year-on-year sales rise by 19%, with in store sales rising by 20% and online sales jumping up…

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Morrisons boss hands back £600,000 in bonuses

The chief executive of Morrisons has waived over a third of his bonus despite the ‘Big Four’ Grocer reporting its third consecutive year of growth in both sales and profits. David Potts has given up £598,000 in bonuses of a potential maximum of £1.7m. The company’s annual report reveals that…

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