WHSmith has rolled out a digital voucher service across all UK stores as it removes paper vouchers from its supply chain to reduce its environmental impact
The bakery chain reported reported underlying pre-tax profit of £167.7 million versus £148.3 million in the previous year and a 19.6 per cent revenue rise to around £1.8 billion.
Nine in 10 retail workers have faced abuse at work, with 84 per cent shouted at, a third threatened with violence, 14 per cent physically assaulted and 10 per cent spat on
Tesco Bank has announced it will increase pay by £1,250 for over 3,400 staff. Negotiated to help employees throughout the cost-of-living crisis, the salary uplift follows discussions between the (Union of Shop, Distributive and Allied Workers (Usdaw) and the supermarket’s banking arm.
Amazon is putting $450 million towards a new education programme, employer-sponsored pensions, and pay rate increases for its drivers over the next 12-months.
PayPoint is adding more than 20 retail brands to its emergency e-voucher service, an initiative designed to help financially support the most vulnerable people in society.
Consumer delivery company Hermes UK has revealed it is rebranding to ‘Evri’.
The company said it will soon roll out a new logo and brand identify across its locations, vehicles, and ParcelShops.
British home improvement company Homebase has announced that it will create new jobs for people aged 16-24 in Newcastle-under-Lyme in September. The company is the first home and garden retailer to take part in the government’s Kickstart scheme.
Sir Philip Green’s Arcadia Group had a pension deficit of £510 million at the time of its collapse last November - around £150 million more than expected. In total, the Topshop, Dorothy Perkins, Burton and Miss Selfridge parent is said to have owed creditors £800 million when it called in the administrators from Deloitte.
The recent sale of TopShop to Asos could mean former Arcadia workers will recover more from their pension savings than expected. Trustees of the group’s pension schemes told employees that £173 million had been secured to help pay for their pensions.
Arcadia Group is set to embark on a wide-ranging restructure of its businesses as the Coronavirus pandemic continues to batter the UK High Street. Philip Green’s retail empire - which includes Topshop, Burton, Dorothy Perkins and Miss Selfridge - has presented a plan to reduce costs to The Pensions Regulator, according to reports in the Sunday Times.
Debenhams today has filed a Notice of Intent to appoint an administrator, naming Geoff Rowley and Alastair Massey of FRP Advisory. The department store chain explained that the move will protect it from the threat of legal action that could have the effect of pushing the business into liquidation while its 142 UK stores remain closed in line with the government’s current COVID-19 pandemic advice.
The future of Philip Green’s Arcadia retail empire is set to be decided at a crunch vote today, after it emerged that landlord Intu was planning to reject proposals for a Company Voluntary Arrangement (CVA). It was reported by Sky News yesterday that Intu, Arcadia’s second biggest landlord, could vote to scupper the CVA rescue deal put forward by Green, potentially tipping the High Street giant - which includes Topshop, Dorothy Perkins, Miss Selfridge and Burton - into administration.