Retail & High Street News | Online Retail | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/retail/ Business News Thu, 23 Jan 2025 15:41:38 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Retail & High Street News | Online Retail | LondonLovesBusiness https://londonlovesbusiness.com/business-news/business/retail/ 32 32 Sainsbury’s to axe more than 3,000 jobs https://londonlovesbusiness.com/sainsburys-to-axe-more-than-3000-jobs/ Thu, 23 Jan 2025 12:14:07 +0000 https://londonlovesbusiness.com/?p=189256

Sainsbury’s are to cut more than 3,000 jobs and the supermarket is planning to close their in-store cafes which is part of a major overhaul for the business. Sainsbury’s employs…

The post Sainsbury’s to axe more than 3,000 jobs appeared first on London Business News | Londonlovesbusiness.com.

]]>
Major supermarkets warn Reeves inheritance tax on farmers threatens ‘food security’ https://londonlovesbusiness.com/major-supermarkets-warn-reeves-inheritance-tax-on-farmers-threatens-food-security/ Thu, 23 Jan 2025 10:43:36 +0000 https://londonlovesbusiness.com/?p=189242

The Chancellor has been warned by Lidl and Tesco that her inheritance tax on farmers threatens “food security” for the UK. Rachel Reeves is under immense pressure to U-turn on…

The post Major supermarkets warn Reeves inheritance tax on farmers threatens ‘food security’ appeared first on London Business News | Londonlovesbusiness.com.

]]>
Petpals inspires growth and success at annual franchisee conference https://londonlovesbusiness.com/petpals-inspires-growth-and-success-at-annual-franchisee-conference/ Wed, 22 Jan 2025 07:03:00 +0000 https://londonlovesbusiness.com/?p=189100

Petpals, the UK’s longest-established pet care franchise, recently unleashed a whirlwind of inspiration at its annual conference at the Leonardo Hotel in Hinckley. Centred around the theme ‘Inspiring Growth &…

The post Petpals inspires growth and success at annual franchisee conference appeared first on London Business News | Londonlovesbusiness.com.

]]>
World’s best department store revealed https://londonlovesbusiness.com/worlds-best-department-store-revealed/ Wed, 22 Jan 2025 06:41:27 +0000 https://londonlovesbusiness.com/?p=189118

As shopping online becomes increasingly convenient, retailers need to entice shoppers to their stores with attractive in-store experiences. Department stores often go above and beyond to provide a luxurious shopping…

The post World’s best department store revealed appeared first on London Business News | Londonlovesbusiness.com.

]]>
Mr Kipling owner saw a ‘strong Christmas’ driven be mince pie sales https://londonlovesbusiness.com/mr-kipling-owner-saw-a-strong-christmas-driven-be-mince-pie-sales/ Tue, 21 Jan 2025 12:14:18 +0000 https://londonlovesbusiness.com/?p=189038

Mr Kipling’s owner Premier Foods announced a “strong Christmas” and profits are set to hit the top end of the guidance as mince pies drove sales. In the 13 weeks…

The post Mr Kipling owner saw a ‘strong Christmas’ driven be mince pie sales appeared first on London Business News | Londonlovesbusiness.com.

]]>
Thousands of businesses face 140% rises in rates bills when government policy to reduce reliefs takes effect https://londonlovesbusiness.com/thousands-of-businesses-face-140-rises-in-rates-bills-when-government-policy-to-reduce-reliefs-takes-effect/ Tue, 21 Jan 2025 11:04:46 +0000 https://londonlovesbusiness.com/?p=189025

The Labour Government’s business rates policies will soon put even further pressure on the high street as bills for the new rating year start to drop through the letterbox next…

The post Thousands of businesses face 140% rises in rates bills when government policy to reduce reliefs takes effect appeared first on London Business News | Londonlovesbusiness.com.

]]>
Mulberry’s finance director to resign https://londonlovesbusiness.com/mulberrys-finance-director-to-resign/ Mon, 20 Jan 2025 12:12:24 +0000 https://londonlovesbusiness.com/?p=188929

Luxury brand Mulberry Group has announced on Monday that the UK’s finance director Charles Anderson will resign from his post on 31 January. The company has rejected many takeovers from…

The post Mulberry’s finance director to resign appeared first on London Business News | Londonlovesbusiness.com.

]]>
Morrisons takes out a ‘High Court injunction’ following ‘unlawful protests’ https://londonlovesbusiness.com/morrisons-takes-out-a-high-court-injunction-following-unlawful-protests/ Mon, 20 Jan 2025 10:15:10 +0000 https://londonlovesbusiness.com/?p=188915

Morrisons has taken out an injunction against farmers for “unlawful protests” which is creating a “serious threat” to the retail industry. Morrisons claim they support the farmers in their fight…

The post Morrisons takes out a ‘High Court injunction’ following ‘unlawful protests’ appeared first on London Business News | Londonlovesbusiness.com.

]]>
Shock Black Friday and pre-Christmas retail results reveal unexpected fall in sales https://londonlovesbusiness.com/shock-black-friday-and-pre-christmas-retail-results-reveal-unexpected-fall-in-sales/ Fri, 17 Jan 2025 13:09:26 +0000 https://londonlovesbusiness.com/?p=188892

December’s Office for National Statistics (ONS) retail sales results have confirmed retailers’ fears. Retail sales volumes (the quantity of items we bought) fell by 0.3% against even November’s lacklustre figures.…

The post Shock Black Friday and pre-Christmas retail results reveal unexpected fall in sales appeared first on London Business News | Londonlovesbusiness.com.

]]>
Pound slides as consumer demand remains fragile https://londonlovesbusiness.com/pound-slides-as-consumer-demand-remains-fragile/ Fri, 17 Jan 2025 12:41:07 +0000 https://londonlovesbusiness.com/?p=188888

The British pound continues to face notable headwinds, languishing near multi-year lows as weak economic data reflects persistent challenges in the UK economy. December’s retail sales contracted by 0.3%, falling…

The post Pound slides as consumer demand remains fragile appeared first on London Business News | Londonlovesbusiness.com.

]]>