The Biz Quiz: Tesco takes on Lidl with new discount store chain, as Aviva battles Unilever relocation plans
PUBLISHED: 10:10 21 September 2018 | UPDATED: 18:40 21 September 2018
It’s been a busy week in the business world, so we’ve rounded up some of our biggest and most interesting stories that may have gone under the radar - and you can test your knowledge of both national and East Anglian stories in this week’s Biz Quiz.
• New discount chain Jack’s opens its first store, and where might one open in Norfolk?
Since announcing its new discount store chain Jack’s, Tesco has remained tight-lipped on the possible 15 locations it is considering for future stores.
But despite radio silence on exact locations of their next 15 stores, executives have said that Jack’s shops could be placed next to existing Tescos, or will take over smaller Express or Metro units.
Ananlyisis of competition, footfall, and disposable income, have thrown up likely locations to be Great Yarmouth, north Norwich, King’s Lynn, or a strong market town with no current Aldi or Lidl stores.
• Lisa Angel opens new shop in Norwich
Lisa Angel’s new outlet in Intu Chapelfield officially opened to the public on Thursday, September 13.
It marked 10 years since the company set up its ground floor stand in the shopping centre, following two years selling products from a table in the dining terrace.
The launch of Lisa Angel’s permanent Chapelfield stand in 2008 came with growth in its product ranges and workforce, and was followed by the opening of its first bricks-and-mortar shop in Lower Goat lane in 2011.
• New Anglia LEP chairman sets out his focus for 2019
Doug Field has reflected on his first year as chairman of the New Anglia LEP, and says there is work left to be done in his tenure.
“For 2019, I want to land a game-changer,” he says. “I want to do something that is going to change our local economy. That’s what I want to do in my three years.”
“It must deliver a material impact in our ambitions and economic indicators” to meet his definition.
“That could be extra jobs or improved productivity, but we have to keep creating that momentum and continue it,” he adds.
• Aviva Investors to vote against Unilever plans to move head office to Netherlands
A row has erupted between Colman’s Mustard makers Unilever and one of its top shareholders Aviva Investors, over the manufacturer’s plans to move its headquarters out of the UK to the Netherlands.
Aviva Investors, part of the Norwich-linked Aviva group, told the BBC this week that it would vote against the move, as UK shareholders could be forced to sell their shares.
• Retail experts say Norwich city centre is thriving despite ‘disappointing’ vacancy figures
Retail bosses have rebuked suggestions that Norwich’s shopping scene is withering despite new figures showing the amount of empty retail space in the city is rising.
The 2018 retail monitor, published by Norwich City Council, shows vacant floorspace in the city centre has risen from 5.8% in 2016 to 7.3% – however, the number of vacant units has decreased slightly to 10.8% – below the separately-calculated national average of 11.2%.
Stefan Gurney, the BID’s executive director, said the Norwich retail scene was holding its own in an increasingly tough market.
“In comparison to national figures I think we sit in a good situation,” he said, “We have seen companies start to rationalise their businesses at a national level. If they are looking to go from 50 stores to 30, Norwich would be one of the ones they keep and that is why our levels have decreased a lot less that the national level.”
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