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Supermarkets
Aldi gives additional pay rise for store staff
Aldi has announced it is raising its starting pay for store assistants to a minimum of £11.40 per hour nationally,…
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Economy
Retailers welcome budget but ‘missed opportunity’ for rates reform
Retail has welcomed the support for households in the face of the cost of living crisis in the chancellor’s Spring…
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Economy
Spring Budget: Corporation tax to rise to 25%
Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a…
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Shopping Centres
Liverpool One hails sales performance
Grosvenor has revealed that Liverpool One has “bucked national trends” since the start of 2023, with a 16.5% uplift in…
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High Street
Severe weather sees footfall drop 7%
Footfall across UK retail destinations declined by -7% last week due to “severe” weather conditions, a far greater decline than…
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High Street
UK retailers reassure investors amid Silicon Valley Bank collapse
UK retailers THG, Moonpig, and Naked Wines have moved to reassure investors of their financial security following the collapse of…
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Property
EG Group revenues jump 25% to $33bn
Asda owners the Issa brothers’ EG Group has revealed its full-year revenues surged 25% to $33.04bn (£22.5bn), which it said…
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Shopping Centres
Hammerson earnings surge 60% amid rental income boost
Shopping centre owner Hammerson has revealed that its FY22 adjusted earnings increased 60% to £105m, boosted by a positive income…
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Supermarkets
Feb supermarket sales rise to 11% amid accelerating inflation
Total till grocery sales soared to 11.1% in the last four weeks ending 25 February 2023, up from 7.6% recorded…
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Supermarkets
Waitrose eyes revamp of its 332 stores
Waitrose reportedly has plans for a major refurbishment programme across its 332 store estate facilitated by a series of cost…
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