Unitas Wholesale said its trading director John Baines has retired on 27 May, after 40 years working in the industry in both wholesale and retail channels.
He had announced his decision to step down from the role in September last year.
Baines has played a leading role in the buying group since he joined Nisa/Today’s in 1994. As part of the senior team he was pivotal in working with the executive in both the 2012 demerger of Today’s from Nisa and the 2018 merger of Today’s Group and Landmark Wholesale to form Unitas Wholesale.
Baines was also recognised by the wholesale trade body the FWD for his service to wholesale at their 2021 annual awards with an Outstanding Contribution Gold Medal.
He said: “I have spent many enjoyable years working in the wholesale sector and have made many friends along the way; however, I am now looking forward to spending quality time with my family and particularly my young grandchildren who have arrived over the last three years”.
John Kinney, managing director of Unitas, added: “John is a hugely valued member of Unitas and the wider wholesale community and his knowledge and experience will be missed by both the Unitas team and the channel, however, after many years of great service I fully respect John’s wishes to retire to spend time with his wife and family, wish him a long and happy retirement, and thank him for the support he has given me personally, his colleagues in the buying group and the wider industry”.
Aoife Kenny will officially commence her role as commercial director in September 2022, with Cheryl Hope reporting to her as director of trading and development. Hope took up her post in the middle of May 2022.
Post Offices handled £3.69 billion in cash deposits and withdrawals in October, reaching the highest monthly amount since July when a record £3.78 billion was handled over the counter, shows new figures released today (11).
Personal cash deposits totaled £1.52 billion which was up 2.2 per cent month-on-month (£1.49 billion, September 2024) and up almost 15 per cent year-on-year (£1.32 billion, October 2023). October 2024 was only the third time personal cash deposits have exceeded £1.5 billion in a single month (previously July and August 2024).
Business cash deposits totaled £1.21 billion which was up almost 4% month-on-month (£1.16 billion, September 2024) and up almost 8% year-on-year (£1.12 billion, October 2023). October 2024 was only the second time business cash deposits have exceeded £1.2 billion in a single month (previously July 2024).
Personal cash withdrawals totalled £928 million which was up 6.6% month-on-month (£871 million, September 2024) and up 13% year-on-year (£821 million, October 2023). The amount withdrawn over the counter was just below the record amount withdrawn in a single month set in December 2023 (£930 million).
Ross Borkett, Post Office Banking Director, said, “Our figures indicate that demand for cash is as strong as ever as people rely on cash to budget, particularly in the run-up to Christmas, and businesses rely on it to survive a volatile trading environment. Postmasters and their teams play a vital role in supporting small businesses to trade by providing a convenient and secure location to deposit their cash takings with many branches open long hours and some at weekends.”
Post Office Cash tracker data – October 2024
Cash deposits value (business & personal)
MOM%
YOY%
Cash withdrawals value (business & personal)
MOM%
YOY%
Total cash deposits & withdrawal value for October 2024
As at 16 October, 88 hubs have been opened in partnership between Cash Access UK and the Post Office. 168 Banking Hubs have now been announced by LINK with further openings planned for later this year.
Chancellor Rachel Reeves' budget is expected to prove to be “a big burden for the retail industry to carry”, Asda chair Stuart Rose has said, warning that the “consequences” of the budget will lead to some price increases.
Rose said the increase in employers’ NICs and changes to tax thresholds would have “consequences” and meant it could not rule out some price increases.
“If you get presented with a bill unexpectedly for around £100m, even if you’re a business as big as us, that takes some digestion. So we’re looking at the consequences of that, but you cannot rule out the fact there will be some inflation,” Lord Rose told the Guardian.
Rose added that the changes in last week’s budget were “a big burden for the retail industry to carry” and meant that Asda would “have to look hard at every piece of expenditure”, including the annual pay increase for staff, and may limit how many workers it hires.
“We’ve seen an increase in national minimum wage,” he added. “We want to attract good staff, but we have to look very, very hard to affordability.”
It comes a day after Asda released its gloomy numbers the slide in total revenues, excluding fuel, by 2.5 per cent to £5.3bn in the three months to the end of September, while like-for-like sales were 4.8 per cent lower than the same quarter in 2023.
Asda’s warning about the cost of budget measures comes only days after it announced hundreds of head office job cuts and a restructuring in an attempt to turn around the business.
The retailer said it would slash 475 management roles in Leeds and Leicestershire to “remove duplication and simplify structures” amid a “challenging” market. The remaining staff have also been told they will be required to spend at least three days a week in the office from January.
“We are a business that relies on teams working together. It’s not always as efficient with those teams working together in terms of online, in terms of Zoom calls," Rose said.
Asda has been without a chief executive since the co-owner Mohsin Issa stepped back from executive duties in September, leaving the retail veteran Rose in the lead role.
Rose, who had previously called on Issa to step back, said he was “embarrassed” by Asda’s performance.
“I’d like to see the business flying again, so I stick by what I said,” Rose said. “We’re in here now with our heads together, we’ve got a good management team.”
Family members and employees of post office branch owners who were not considered eligible to make claims over the Horizon IT scandal may be allowed to apply for compensation, postal minister Gareth Thomas told the inquiry into the scandal on Friday (8).
During the hearing, Thomas stated that the government has been looking into the “gaps” in the eligibility criteria for those wanting to make claims under the four redress schemes being administered by the Post Office and the government.
“[Employees and counter assistants] are one of the gaps in the compensation process,” said Thomas. “We are actively looking at what we can do to address those gaps. As indeed we are looking at family members affected very badly by the Horizon scandal and cannot claim compensation either. It was one of those issues identified as being very significant.”
The current schemes exclude applications from family members and assistants at branches because only the person with a direct contract with the Post Office is eligible to apply as managers and counter assistants at branches have a contract with the owner-operator, not the Post Office. And while many branches are run by family teams, not all members have the contract with the Post Office.
Thomas also said that if claimants to the existing schemes can file by Christmas he is confident that payouts can be made by the end of March, the unofficial deadline sought by the leading campaigner Sir Alan Bates.
“Officials have been talking to claimants’ lawyers and looking at potential timings of those claims coming in,” he said. “If claims come in by Christmas we will be able to have made offers of paid financial redress by the end of March.”
Thomas however stressed that no date has been set for a deadline for final applications to be received.
Thomas also said that the government intends to publish a green paper next year to get nationwide views on the future governance options for the Post Office including the ownership of the 11,500 branches. He added that former minister Kevin Hollinrake held “constructive” talks with Post Office workers about ultimately transferring ownership through mutualisation.
“It is difficult to be anything other than concerned about culture in the Post Office,” Thomas said on Friday (8). “There has been some early conversations with stakeholders … about how to change that governance and also look at improvements to culture going forward. We are thinking we will publish a green paper next year to invite wider views about the future of the Post Office.”
Select & Save, which claims to be the UK’s sole independent symbol group, has initiated the rollout of its new identity across its UK estate. Over the past year, the group has invested in its brand to distinguish itself in "an increasingly bland and static market".
Boasting the youngest management team among the UK convenience symbol groups, Select & Save has collaborated with industry experts to redefine its offerings for both retailers and shoppers.
“We believe that without good incentives for retailers, the future of convenience will fall in the hands of the wholesalers, who will ultimately serve their own interests controlling cost pricing and dictating terms,” said Founder and CEO Kam Sanghera.
The group’s new retailer package includes rebates of up to 5.5 per cent and various other incentives. Notably, Select & Save offers a Relief Manager service at no cost, allowing retailers to take well-deserved breaks — a first in the industry.
Store designs have been revamped to enhance inclusivity and visual appeal. The new concept features a distinctive layout with an upgraded colour system, assigning specific colours to each section for an improved shopping experience.
Sanghera added, “This is part of our wider strategy to differentiate ourselves in the market. As most symbol brands have now sold out to a corporate structure, they have no control over their wholesale supply. Once you do that, you lose independence, your individuality, and any negotiating power. We’re making the conscious decision to invest in, enabling us to grow organically as a group by recruiting retailers that share our principles.”
The first rebranded Select & Save store is now open at Calder Drive, Walmley, Birmingham.
Leading buying group Confex has added three new members, further strengthening its buying power and geographical reach.
As reported today (8), Ahmed Foods, A C Georgiades and Regency Service and Solutions have joined Confex. Their combined turnover adds an impressive £56.2 million to Confex's turnover, which further bolsters its strength and buying power as a group.
Tom Gittins, CEO, Confex said, “In addition, these three new members add yet more diversity to the group, which we all benefit from. By combining our insight, knowledge and expertise, it’s no wonder that Confex is outperforming other buying groups in the sector.”
A C Georgiades are a national soft drink wholesaler and distributor located in Morpeth, Northumberland and Stevenage, Hertfordshire. Selling to a wide range of wholesalers, cash and carries, groups and chains.
Chris Georgiades, managing director, “There are really exciting times ahead for us as Confex members. Our aim is to add more variety to our portfolio and to be able to communicate with the wider wholesale industry, so joining Confex was an incredibly easy decision.”
Regency Services and Solution managing director Jarrod Normie said: “As a business, we are really excited to join the Confex family. As we take the business to the next level, joining a buying group is a logical step forward and so far, Confex has delivered a stand-out service.”
Bradford-based Ahmed Foods is a leading supplier of vast range of chilled, frozen, ambient and fresh produce for the hospitality and restaurant trade in the north of England.
Tanweer Ahmed, director, said, “Ahmed Foods Bradford is proud to join the Confex buying group,” said . “We look forward to working closely with the central team who have been extremely attentive. We plan to both expand our current range and strengthen our supply partnerships with the support of the group.”