Minimum Wage
This coverage examines the impact of minimum wage policies on UK retail businesses, with reporting on legislative changes, compliance obligations, cost management, and workforce strategies. Insight focuses on how retailers adapt operations, staffing, and pay structures to meet legal requirements while maintaining commercial performance — supporting executives, HR managers, and owners navigating wage regulation challenges.
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Mar- 2024 -18 MarchFeatures
10 regulations every retailer must follow
Operating a retail business in the UK entails complying with a comprehensive set of laws and regulations to ensure legal compliance, protect consumers, and uphold ethical standards. From consumer rights to employment regulations, understanding and adhering to these laws is crucial for retailers to thrive in the UK market. Here…
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Jan- 2024 -23 JanuaryNews
Today’s news in brief-23/1/24
Boohoo has changed its leadership as Shaun McCabe has stepped down as CFO, and Stephen Morana has been appointed as the new CFO. Morana, known for his ecommerce expertise, will assume the role on 19 February 2024. Boohoo highlighted Morana’s experience, including leading businesses through IPOs and creating significant shareholder…
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23 JanuarySupermarkets
Lidl rewards employees with £37m pay investment
Lidl GB has announced its latest investment of £37m into pay, which will see its 26,000 hourly-paid staff receive the “highest rates of pay in the sector”. From 1 March, the supermarket’s entry level rates will increase from £11.40 to £12.00 outside of the M25, rising to £13.00 with length…
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Dec- 2023 -21 DecemberNews
4,500 retailers in critical financial distress, new data reveals
Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force consumers to hold back from spending big, even in the run up to Christmas, according to new data from Begbies Traynor. Following its findings, which analysed the first 10 weeks…
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15 DecemberNews
Today’s news in brief-15/12/23
Amazon has emerged victorious in a £215m tax dispute with the EU Commission. The European Court of Justice dismissed the Commission’s claims that Amazon had entered into a deal with Luxembourg allowing it to avoid 75% of its EU tax. The court ruled that the Commission failed to prove that…
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15 DecemberHigh Street
Currys boss criticises gov’s minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to raise the minimum wage would “load more costs onto an already overburdened sector”. It comes after chancellor Jeremy Hunt outlined plans to raise the legal minimum wage by 10% to…
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Jun- 2023 -21 JuneHigh Street
WHSmith, M&S and Argos ordered to pay underpaid staff
WHSmith, M&S and Argos have been ordered to pay unpaid wages to thousands of staff following an investigation from the Department for Business and Trade (DBT). WHSmith have been ordered to pay over £1m to over 17,000 workers after a policy making staff supply their own uniform caused their wages…
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Apr- 2023 -26 AprilHigh Street
Majestic makes ‘biggest investment ever’ in staff pay
Majestic, the specialist wine retailer, has revealed it has made its “biggest ever investment” in colleague pay to recognise the “expertise and experience” of its store teams. All store colleagues have been awarded a basic pay increase that takes their hourly rate to at least £10.60, ahead of the National…
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Mar- 2023 -23 March
Amazon staff set for more strikes after ‘insulting’ pay offer
Amazon workers in the UK are planning further strikes after receiving what they called an “insulting” 50p-an-hour increase in base pay for warehouse workers. Amazon stated that it will increase the minimum starting salary of its UK workforce by at least 50p to between £11 and £12 per hour from…
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2 MarchNews
Pret A Manger to give staff third pay rise in a year
Pret A Manger has announced that it will give staff a 3% pay rise, the third one in 12 months. Starting from April, team members will see a pay increase from between £10.30 and £11.55 per hour to between £10.60 and £11.90 per hour depending on location while baristas’ pay…
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