High Street News

The latest craic on what is happening on the high street.

Sainsbury's sales on the slide

They may have just announced one-hour bicycle delivery, but Sainsbury's sales are not great at the moment, falling for a second consecutive quarter. The supermarket says this is because of the drop in food prices. Chief executive Mike Coupe is optimistic though, saying that he's got a strategy which should mean that Sainsbury's "outperform our…

Sainsbury's launch one-hour delivery!

One-hour delivery is a hot-thing in the world of retail, with Amazon leading the way. Now, Sainsbury's are getting in on the action, and launching their own service. The supermarket have developed an app called Chop Chop, and through it, you'll be able to order (up to) 20 items which will be delivered from your…

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£300m Aldi investment in UK

£300m Aldi investment in UK

The UK wing of Aldi has announced that they're going to invest a whopping £300 million into their stores, after notching up a 12% increase in sales, which raked in a massive £7.7 billion in 2015. There's currently 785 Aldi stores in the UK and Ireland, and there's going to be 70 more in 2017,…

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The return of BHS

The return of BHS

BHS is coming back, after it looked like it had sunk without a trace. However, we won't be seeing it on the high street by the looks of it, as it'll be relaunched as an online retailer, as soon as this week. A Qatari group called the Al Mana Group bought the rights to the…

Former Tesco directors plead 'not guilty'

Tesco's accounting fiasco is reaching the business end of things, as three former directors have been accused of acting in the interests of personal gain, and acting dishonestly, as they look at the charges of false accounting and fraud. While the company continues to try and turn things around after the £263 million (plus) scandal…

Today, students get 10% off at Morrisons

This week, is Fresher's Week, so if you live near a university, be prepared for a lot of yelling and screaming at peculiar times of the night, and a lot of small silver gas canisters littered about the place. If you're a student, you're probably thinking about boozing, macking out with strangers, and worrying about…

Sports Direct to allow independent review

After getting it in the neck from all angles, Sports Direct have finally given in to the pressure, and said that they'll undertake an independent review of working practices and corporate governance. Employees and MPs have been putting the heat on the company, and it worked. Initially, Sports Direct were going to have their '360…

Co-op's promise to British farmers

The Co-op have announced that they're going to be selling more British meat to consumers. The supermarket have said that they are going to ensure that all their own-brand fresh bacon and lamb will be 100% from May next year. Now, Co-op already use British wares for their own fresh beef, chicken, pork and turkey…

Next hit by Brexit and weather

Next have said that the current quarter is going to be their toughest this year, and that Brexit is going to hurt their sales. That means they're going to be putting their prices up, if you're wondering what this means for you and your bank balance. The clothing retailer have seen their profit margins shrinking,…

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Morrisons on the up!

Morrisons on the up!

Morrisons have reported a rise in first-half profit for the first time in four years, which is a third straight quarter of sales growth, which is nice for them. The supermarket still lags behind Tesco, Sainsbury's, and Asda, and of course, is being chased by Aldi and Lidl, but momentum is momentum. Morrisons made a…

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John Lewis owner, down 75%

John Lewis owner, down 75%

It isn't a good day for the owner of John Lewis and Waitrose - they've reported a drop in half-year profits to the tune of 75%, to £56.9 million. That's still a lot of money in the bank, but it isn't a good trend. Of course, when this happens to companies, they've usually update their…

Ocado shares fall (and fun facts about their name)

Ocado has seen their shares tumbling, apparently because of the 'death of the weekly shop'. We'll get to that, but we'd like to point out that, once upon a time, on Ocado's Wikipedia page, it had the glorious fact: "Ocado is the last five letters of avocado". This has since been replaced with a quote…

Investigation launched into Hermes?

According to business minister Margot James, tax authorities could be launching an investigation into Hermes, as there is talk of them paying their workers less than the than the minimum wage. There's been a number of complaints from former couriers for the company, regarding the treatment they received from the firm. Hermes don't directly employ…

Buy snozzcumbers at Morrison’s

If your child (or indeed, yourself) is a huge fan of Roald Dahl, Morrison's would like you to see what they're doing today. Today, September 13th, would have been the 100th birthday of the much loved author, and with that, the supermarket are selling snozzcumbers for 41p each. Now, it goes without saying that snozzcumbers…

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Charges over Tesco fraud

Charges over Tesco fraud

The accounting blackhole that has been a constant nightmare for Tesco, has seen three of the supermarket's former executives being charged with fraud and false accounting. You'll remember that Tesco £260 million profits overstatement in 2014, which has been a disaster for the chain. The Serious Fraud Office (SFO) said that former UK finance director…