Tesco & Asda to challenge Ocado in London
Tesco and Asda are planning to expand their grocery delivery businesses in London to challenge Ocado in its stronghold in the capital. Both supermarkets are set to open “ghost stores” in the city to help them deliver more that 10,000 orders each week.
Christmas shopping begins
The Christmas rush is apparently already on as one in six shoppers has started their Christmas shopping, according to a survey by Retail Eyes. Selfridges launches its festive range this week, Poundland and Debenhams follow next week.
Primark poaches COO from Matalan
Primark has appointed Matalan’s buying director John Lyttle as its chief operating officer and second in command to chief executive Paul Marchant.
From The Mail on Sunday
Notonthehighstreet.com attracts investment
Notonthehighstreet.com founders have attracted £7.5m in investment in exchange for a “significant minority” share in the online gift business. Notonthehighstreet had sales of more than £6.4m last year.
Fly53 founder plans standalone stores
Fashion brand Fly53, which is run by ex-musician Will Rigg, is planning to open 10 standalone high street stores.
From The Times
M&S hires WH Smith man to replace Dyson
Marks & Spencer has appointed former WH Smith finance director to replace Ian Dyson, who is leaving M&S to join the Punch pub chain as chief executive.
Tesco eyes Carrefour stores in Asia
Tesco has shown interest in stores that French supermarket group Carrefour plans to sell in Thailand, Malaysia and Singapore.
Aldi founder dies
Theo Albrecht, the co-founder of discount supermarket Aldi has died aged 88. He pioneered the pile-it-high, sell-it-cheap shopping in Germany.
From The Financial Times
Jessops back on track
Specialist photographic retailer Jessops is back on sound financial footing following a major restructure, according to its chief executive Trevor Moore.
From The Guardian