Retail news

• Struggling Debenhams draws up restructuring plans

  09-09-2018 19:11
  Chain may seek compulsory voluntary arrangement as UK high street woes spread
  
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• John Lewis Partnership made 1,800 redundancies in the past year

  09-09-2018 18:11
  New jobs created at Westfield and other centres mean job losses amount to 700, according to staff magazineThe John Lewis Partnership made more than 1,800 people redundant in the year to the end of June, nearly three times the level in the previous year, as it cut costs amid a profits slump.The scale of the cutbacks made over the past 12 months emerged in an update to employees in the staff magazine, the Gazette. John Lewis said 1,838 people had been made redundant in the past year, 289% more tha
  
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• John Lewis made 1,800 redundancies in the past year

  09-09-2018 18:11
  New jobs created at Westfield and other centres mean job losses amount to 700, according to staff magazineThe John Lewis Partnership made more than 1,800 people redundant in the year to the end of June, nearly three times the level in the previous year, as it cut costs amid a profits slump.The scale of the cutbacks made over the past 12 months emerged in an update to employees in the staff magazine, the Gazette.John Lewis said 1,838 people had been made redundant in the past year, 289% more than
  
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• Wall St cuts forecasts for dozens of US retailers

  09-09-2018 13:43
  Analysts’ downgrades cast fresh doubts on sector despite higher consumer spending
  
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• The investors aren’t happy. But Mike Ashley doesn’t have to care

  09-09-2018 08:00
  Shareholders have a litany of issues to raise at Sports Direct’s AGM. But the boss won’t be there to hear themAs the owner of Newcastle United Football Club, Sports Direct tycoon Mike Ashley is used to being shouted at for 90 minutes by angry people dissatisfied with his stewardship. Happily, he will face no such ordeal at next week’s Sports Direct annual meeting, thanks to a stroke of genius on his part. He isn’t going to show up.It’s rather unusual for a company t
  
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