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India

James Davey

Britain's John Lewis announces $1.3 billion recovery plan

16 Oct 2020

LONDON Britain's John Lewis Partnership will invest 1 billion pounds ($1.3 billion) to expand its online business and improve its stores, and will diversify beyond retail and seek more partnerships as it aims to recover profits, it said on Friday.

UPDATE 2-Britain's John Lewis announces $1.3 billion recovery plan

16 Oct 2020

LONDON, Oct 16 Britain's John Lewis Partnership will invest 1 billion pounds ($1.3 billion) to expand its online business and improve its stores, and will diversify beyond retail and seek more partnerships as it aims to recover profits, it said on Friday.

Spectre of unemployment weighs on ASOS despite profit jump

14 Oct 2020

LONDON The prospect of a major increase in unemployment over the coming months amongst ASOS's core 20-something customer base and a hit to their disposable income sent shares in the British online fashion retailer lower on Wednesday. | Video

Bored with your flat pack furniture? - IKEA will buy it back

13 Oct 2020

LONDON People tired of their flat pack IKEA dressers, drawers, cabinets and tables will now be able to sell them back to the furniture retailer for resale in its stores as secondhand. | Video

UPDATE 2-Bored with your flat pack furniture? - IKEA will buy it back

13 Oct 2020

LONDON, Oct 13 People tired of their flat pack IKEA dressers, drawers, cabinets and tables will now be able to sell them back to the furniture retailer for resale in its stores as secondhand.

UK grocery sales rise, but shoppers aren't stockpiling - Kantar

13 Oct 2020

LONDON British grocery sales growth accelerated in September as shoppers geared up for new restrictions to stem the spread of COVID-19, though there was "limited evidence" of a new wave of stockpiling, industry data showed on Tuesday.

UPDATE 2-UK grocery sales rise, but shoppers aren't stockpiling - Kantar

13 Oct 2020

* UK grocery sales up 10.6% in 4 weeks to Oct. 4 * Britons eat and drink at home more * "Limited evidence" of stockpiling * Morrisons is best performer of "big four" (Adds details, table) By James Davey LONDON, Oct 13 British grocery sales growth accelerated in September as shoppers geared up for new restrictions to stem the spread of COVID-19, though there was "limited evidence" of a new wave of stockpiling, industry data showed on Tuesday. Market researcher Kantar said sales rose 10.6% year-on-year in the four weeks to Oct. 4 as shoppers moved a greater proportion of their eating and drinking back into the home. "This is likely a response to rising COVID-19 infection rates, greater restrictions on opening hours in the hospitality sector, and the end of the government’s 'Eat Out to Help Out' scheme," said Fraser McKevitt, head of retail and consumer insight at Kantar. He noted that alcohol sales alone were worth 261 million pounds ($340 million) more to the grocers this month than the same month last year, with pubs, bars and restaurants now subject to a 10pm curfew. But he said there was only limited evidence of consumers stockpiling goods at a national level. The seven days to Sept. 27 were the busiest since March, with 107 million trips to supermarkets recorded, but that number was nowhere near the 175 million seen just prior to the first national lockdown. That said, sales of toilet rolls and flour rose by 64% and 73% during the week, showing that consumers were wary of potential new restrictions. Last month, market leader Tesco and No. 4 player Morrisons both reintroduced purchase limits on some products. Morrisons was the best performer of the country's so called "big four" supermarkets, with sales up 11.5% over the 12 weeks to Oct. 4. Sales rose 9.2% at Tesco and were up 6.8% at Sainsbury's and 5.4% at Asda. Sales at online grocer Ocado, which started delivering Marks & Spencer products on Sept. 1, were up 41.9%. Market share and sales growth (%) 12 wks to 12 wks to pct change Oct. 4 2020 Oct. 6 2019 in sales Tesco 26.9 26.9 9.2 Sainsbury's 14.9 15.3 6.8 Asda 14.4 15.0 5.4 Morrisons 10.1 9.9 11.5 Aldi 8.0 8.1 7.8 Co-operative 6.6 6.6 9.3 Lidl 6.1 6.0 11.7 Waitrose 5.0 5.0 8.9 Iceland 2.3 2.2 17.3 Ocado 1.8 1.4 41.9 Source: Kantar ($1 = 0.7677 pounds) (Reporting by James Davey; editing by Sarah Young and Mark Potter)

Haunted by Christmas past, Britain's M&S tackles food waste

11 Oct 2020

LONDON British retailer Marks & Spencer, seeking to avoid a repeat of last Christmas when its performance was ruined by excessive food waste, is rolling out a supply chain programme it says will crack the problem.

New Tesco boss says Christmas 2020 can still be a merry one

07 Oct 2020

LONDON The new boss of Tesco, Britain's biggest supermarket group, said he expected the country to celebrate Christmas in a big way this year despite a recession and government curbs on socialising to stem the spread of COVID-19.

New Tesco boss says Christmas 2020 can still be a merry one

07 Oct 2020

LONDON, Oct 7 The new boss of Tesco, Britain's biggest supermarket group, said he expected the country to celebrate Christmas in a big way this year despite a recession and government curbs on socialising to stem the spread of COVID-19.

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