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Industry News
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Knowledge is power, or so they say! The People Pod have compiled some of the latest UK retail, FMCG industry and company news, to save you the hassle of sifting through the business pages...
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| | Wed, 5th January 2011 HMV has outlined plans to shut 60 of its HMV and Waterstones stores in the next 12 months as sales have continued to fall over the Christmas trading period and the retailer warned on profits. category Retail | source Retail Week News | |
| | Wed, 5th January 2011 Waitrose reported like-for-like sales up 5.9% on the five days between Christmas and up to December 31, driven by New Years Eve party products including Champagne and party food. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Amazon UK managing director Brian McBride has stepped down from his role for health reasons. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Asda chairman Andy Bond has stepped down from his position to focus on Walmarts Massmart acquisition in South Africa and will leave once that deal is completed, expected at the end of March. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Hitachi Capital Consumer Finance, a finance provider of point of sale (POS) finance facilities, has been appointed by Wickes to provide point of sale finance to customers across its 196 store network. category Retail | source The Retail Bulletin | |
| | Tue, 4th January 2011 Reluctantly, retailers accept the VAT rise is necessary as part of the Government's package of measures to straighten out the public finances. category Retail | source The Retail Bulletin | |
| | Tue, 4th January 2011 Reluctantly, retailers accept the VAT rise is necessary as part of the Government's package of measures to straighten out the public finances. category Retail | source The Retail Bulletin | |
| | Tue, 4th January 2011 Investment in new stores delivers strong sales category Retail | source The Retail Bulletin | |
| | Tue, 4th January 2011 Online retail giant Amazon is reportedly closing in on a deal to buy Lovefilm which could value the movie rental service at nearly £200 million. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Retailers, which saw shoppers flood the high street in the new year in a bid to beat todays VAT increase, are braced to phase in price increases in the coming weeks. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Furniture and fashion retailer The White Company experienced a 24% surge in Christmas sales as gifts, clothing and fragrance helped pull in shoppers. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Barclays Corporate has appointed Ian Gilmartin as Corporate Director within the Retail & Wholesale team. category Retail | source The Retail Bulletin | |
| | Tue, 4th January 2011 Sir Stuart Rose will step down as chairman of Marks & Spencer today as he hands over the reins to former investment banker Robert Swannell. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Blacks Leisure performed very strongly in December with like-for-like sales in its outdoor business up 10.2% for the month. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Shopping Centre Bluewater said it experienced a record Christmas, recording its highest ever footfall of 28.1 million. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 The Co-operative Group has launched an advertising campaign for its food stores focusing on the importance of celebrating quality family time. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Morrisons is pledging to cancel out the effects of todays rise in VAT by slashing prices, with January savings totalling £210m. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Troubled sports chain JJB Sports is expected to ask investors for a further £50m following the £31.5m promised before Christmas, according to reports over the weekend. category Retail | source Retail Week News | |
| | Tue, 4th January 2011 Tesco has kicked off a £340m investment to cut several product lines in a new year blitz. category Retail | source Retail Week News | |
| | Sun, 2nd January 2011 Ex-JJB Sports chief plans return , Bargain hunters enjoy stripped down offer, Families £3,000 worse off, Rose steps down after colourful period at M&S helm, Retailers promise to soften VAT increase blow, Three tax hikes will put 7p on litre of petrol, Sir Tom Hunter warns of High Street gloom category Retail | source The Retail Bulletin | |
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