Retail

Businesses going bust increase in double-dip recession

The number of retailers going out of business has risen by 38% in the first quarter of 2012, according to accountancy firm Wilkins Kennedy.

Government performs pasty tax u-turn

The government has performed a dramatic u-turn on its tax for hot pies and pasties.

Bakers keen to support workable VAT solution

The baking industry is keen to promote its alternative 20% tax solution to the government, saying it understands the government’s desire to reduce anomalies and raise revenue.

Greggs backs food hygiene scheme

Greggs has given its backing to web-based certification SOFHTe, from The Society of Food Hygiene Technology (SOFHT).

Tesco boss refuses £372,000 bonus

Tesco chief executive officer Phillip Clarke has declined his annual bonus, as UK employees share more than £110m.

Starbucks burdened by high London rents

Starbucks UK has confirmed less profitable outlets in central London locations have contributed to its five-year run of losses.

Economic boost with "tax cuts" and lowest inflation rates

Businesses could benefit from potential temporary tax cut measures and the latest levels of inflation dropping to their lowest in more than two years.

Own-label NPD beats branded

The level of own-label food and drink NPD has risen above branded for the first time, according to new research by Mintel.

Sales up 3.7% at Krispy Kreme

Krispy Kreme, the doughnut retailer, has reported a 3.7% rise in revenues, driven by an increase in same-store sales.

High Street footfall reaches new low

The British Retail Consortium (BRC) has reported a 12.6% decrease in the number of town centre shoppers in the three months to April – the worst drop in footfall since November 2009.

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