Consumer and retail in the news

Issue 518

Here are this week’s top stories in the consumer and retail sector:

WH Smith and M&S among companies fined in the UK for paying below minimum wage
(Reuters) 

Boohoo prepares for shareholder activism at next AGM over executive bonuses
(Retail Gazette)

Holland and Barrett becomes the latest high street shop to invest in artificial intelligence to improve its operations
(Retail Week) 

Asda introduces electric delivery vehicles to three stores in move to reduce greenhouse gas emissions
(Retail Gazette) 

Peloton's COVID success has ended according to 13% decline in sales in the past financial year
(The Guardian) 

Frasers Group buys a £22 million stake in Boohoo to strengthen their brand proposition
(The Guardian)

Morrisons slashes food prices by 25% and invests £26 million into supporting their customers
(Retail Gazette)

CMA reviews plans from Vodaphone and Three to merge their UK-based operations
(BBC News)

WH Smith looks to fuel global growth through refinancing
(Retail Gazette) 

Molson Coors launches multi-million marketing interactive campaign
(Talking Retail)

Tesla slashes prices and offers consumers free supercharging for three years to make the vehicles more competitively priced
(Business Insider)