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Struggling Carpetright slumps to loss as it closes stores

Carpetright has announced a statutory pre-tax loss of £70.5m for the year ending April 2018, having made a small profit 12 months earlier. Like-for-like sales in the UK fell by 3.6%, with the steepest decline coming in the second half of the year. The floor covering firm launched a Company Voluntary Arrangement (CVA) in April […]

Professor Richard Webber

Why diversity matters

Professor Richard Webber, founder of Webber Phillips Richard is the originator of the postcode classification systems Acorn and Mosaic and is a former Director of Experian.  He is a visiting professor at the University of Newcastle and a fellow of the Market Research Society and the Institute of Direct Marketing. The media has been full of […]

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Intel chief resigns over relationship with employee breaking company rules

Chipmaker Intel has announced that its chief executive, Brian Krzanich, is stepping down with immediate effect because of “a violation of Intel’s non-fraternisation policy”. He had been in the post since May 2013. Intel said an inquiry had revealed that Mr Krzanich had had a consensual relationship with an Intel employee, which was against company […]

Uber1

Uber’s appeal over licence refusal begins

A London court will consider later today if Uber is “fit and proper” to hold an operator licence in the capital. The taxi app company will make its case at Westminster Magistrates’ Court in a hearing expected to last several days. Last September, Transport for London refused to renew Uber’s licence on grounds of public […]

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Sales workers are the most likely to comfort eat to deal with stress

Sales businesses should rethink vending machines and snack drawers at work, as workers in this industry are more likely than any other to comfort eat in order to deal with stress, according to new research. More than 1 in every 2 (54%) sales workers admit that stress has this effect on them, according to a […]

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The impact of the World Cup on the workplace: Some tips for employers

With the World Cup now in full swing it is important for business managers and owners to be aware of how the tournament may affect their workforce in the coming weeks. Although excitement around the competition can have a positive impact on employees, research by office stationary supplier Viking indicates that an increased number of […]

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Poundworld to start closing down sales

Staff at discount retailer Poundworld have been told “closing down” sales will start on Thursday. However, administrators Deloitte stressed that no stores were “definitely” closing and that the search for a buyer continued. Deloitte also said it had appointed retail consultants Hilco to help with the management of the stores. Poundworld, which went into administration […]

Dixons Carphone focuses on customers

Troubled Dixons Carphone suffers big fall in profits

Dixons Carphone has reported a big fall in annual profits as the retailer admitted that it had “plenty of work to do” in revamping its business. Pre-tax profits for the year to 28 April fell to £382m, from £500m a year earlier. The retailer is set to close 92 of its more than 700 stores this year […]