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Shoppers also face more ‘shrinkflation’ as manufacturers ‘try to offset rising production costs’Exchanging Easter eggs and tucking into a roast dinner are among the highlights of the spring holiday but Britons face paying more for this year’s celebrati…
Mutual reports increase from £28m to £161m, but says ministers ‘layering costs’ on retailers could hit high streetsThe Co-operative Group plans to open at least a further 120 grocery shops this year after profits rose more than fivefold, but told the g…
Lidl and Ocado grow strongly, but Asda loses market share despite recent reset, Kantar figures showBusiness live – latest updatesFood inflation increased last month, driven by price rises in chocolate and confectionery, while Britons have already splas…
Paul Marchant accepts behaviour fell below standards expected at owner Associated British FoodsThe boss of Primark has admitted an “error of judgment” and resigned following an allegation made by a woman about his behaviour towards her in a social situ…
Shareholder meeting turned into latest episode in battle between fashion retailer and Mike Ashley’s retail empireBusiness live – latest updatesThe fashion group Boohoo is to forge ahead with a plan to change its name to Debenhams, despite Mike Ashley’s…
New owner Modella says made-up moniker aims to evoke ‘sense of family’, but brand experts unconvincedWH Smith name to disappear from high street in agreed £76m sale to ModellaBusiness live – latest updatesThe news of the disappearance of the WH Smith n…
Under terms of deal with Hobbycraft owner, 233-year-old brand will become TGJonesBusiness live – latest updatesWH Smith is to sell its 480 retail stores to the Hobbycraft owner, Modella Capital, in a deal worth £76m, and has confirmed that the 233-year…
Retailer ‘defies gravity’ to become only fourth in UK to pass £1bn profit thresholdIt may not be a fashion leader or the cheapest place to fill your wardrobe, but Next has quietly confirmed its place as a British success story by ringing up £1bn in pro…
Axa and Scottish Widows back ShareAction campaign for chains such as Next to pay at least £12.60 an hourMajor investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to …
Government accused of increasing retailers’ NI contributions and business rates but aiming to cut tax for big techBusiness live – latest updatesThe owner of B&Q has called on Rachel Reeves to reconsider planned tax increases for retailers before We…