Supermarket chains can help regenerate poor locales
Big supermarket chains help change poverty-stricken communities, according to a report from think-tank Demos, by restoring pride and providing jobs and low cost food.
Ocado customers have chance to buy a stake
Shoppers who have spent £300 or more with Ocado this year will be eligible to buy shares if the company floats in July.
BRC sees shoppers return to high street
British Retail Consortium reports retail sales up 0.8% on a like-for-like basis compared with May 2009 in its latest data. May 2009 was down 0.8%. Total sales were up 3% compared with a 0.8% rise in May last year.
Iceland continues to deliver growth
Iceland posted revenue sup 11% to £184.2m in the year to March 26, delivering a fifth year of strong growth. Like-for-like sales were up 4.3%.
From The Guardian
Retailers anxious over VAT rise
The British Retail Consortium has expressed fears that raising VAT to 20% could cost the economy 163,000 jobs and reduce consumer spending by £3.6 by over four years.
From The Independent
Fashion retailer East back in the black
East, the retailer in which Luke Johnson has a stake, has posted a pre-tax profit of £2.1m for the year to January 31. This compares with a loss of £1.7m the previous year.
From The Daily Telegraph