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Bakery chain to pay shop staff at least £10.60 an hour after price of sausage rolls went up to £1.20Greggs has handed a 10% pay rise to workers as it warned of “material cost inflation” that prompted a third rise in the price of its sausage rolls in a …
Retailer reports much better than expected data in December but remains ‘cautious’ about 2023 Next has upped profit forecasts for the year by £20m after better sales than expected in the run-up to Christmas, but said it remained “cautious” about the ye…
Discount retailer also rejigs leadership team, replacing relative of founder as chairThe discount retailer Wilko has borrowed £40m from restructuring specialist Hilco and rejigged its leadership team as it faces a cash squeeze after falling to a loss a…
Third pay rise in a year gives staff 7.3% rise amid fierce competition to retain and recruit employeesSainsbury’s is giving its lowest-paid workers their third pay rise in a year, taking hourly wages to at least £11, amid fierce competition for shop wo…
Spending higher than year earlier, with World Cup football pushing up beer salesUK households spent £1.1bn more on groceries in December than a year earlier, taking Christmas spending to a record £12.8bn, but got 1% fewer items in their baskets as ramp…
Fifty retail outlets to close by April but owner says ‘online business will continue to operate and will service many loyal customers’Get our morning and afternoon news emails, free app or daily news podcastThe dominance of digital music and streaming …
British Retail Consortium figures come amid concern over economy and rising cost of energy billsUK food price rises soared to a record rate in December, figures show, as retail industry bosses warned that high inflation would continue in 2023 amid the …
Number of shoppers out between Christmas and new year only 7.2% higher than in 2021, amid Omicron fearFootfall on Britain’s high streets and shopping centres plunged by more than a quarter in the week after Christmas compared with the week before, figu…
Centre for Retail Research says 17,145 stores shut in total, up almost 50% on 2021, during pandemicLast year was a “brutal” one for Britain’s retail sector, with more shops shutting down than at any other point in the last five years, and 2023 will be …