Retail news

• Aston Martin gears up for better governance

  10-09-2018 21:00
  Addition of eight new directors to board should be welcomed
  
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• Q&A: Retail consultant, Elaine Scott, discusses the new Cybertill consumer research

  10-09-2018 20:14 via theretailbulletin.com
  The needs of parents whilst shopping can be vastly different to any other demographic. What can retailers do to to accommodate this?
  
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• Debenhams must be quicker in revealing what's in store | Nils Pratley

  10-09-2018 19:56
  Despite saying it is well equipped for choppy waters the board has to be prepared for fresh stormsPhew, there will be no catastrophe at Debenhams imminently. The department store chain was silly to wait until lunchtime, by which time its share price had fallen 17%, to attempt a few reassuring words but at least the board addressed some key points eventually. Pre-tax profits this year will be about £33m before one-offs, which is a miserable return but no worse than predicted in June. The de
  
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• Insurance shares sink as Hurricane Florence looms

  10-09-2018 19:49
  Category 4 storm menaces US east coast
  
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• Bread prices to keep rising after reduced wheat harvest

  10-09-2018 19:44
  Cost of wheat has increased by up to 30% after dry summerThe cost of bread is forecast to rise after the effects of a dry summer pushed up the price of wheat by 25% to 30%.Prices in stores have already risen in recent months and are likely to continue going up as Associated British Foods (ABF), the owner of Kingsmill, said the impact of its rising costs would be “reflected in our ongoing discussions” with retailers. Continue reading...
  
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• Holly Willoughby unveiled as new face of M&S fashion campaign

  10-09-2018 19:43
  Marks & Spencer’s new brand ambassador selects ‘must-haves’ from autumn collectionMarks & Spencer has announced that the star of its latest fashion campaign will be the TV presenter Holly Willoughby.In her role as the retailer’s brand ambassador, the host of This Morning and I’m a Celebrity … has chosen a selection of “must-haves” from the autumn collection.The micro-collection will go on sale on 27 September. Continue reading...
  
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• Italian retailers warn of 50,000 job losses if Sunday trading curbed

  10-09-2018 17:40
  Populist government wants to limit trading hours to preserve family traditionsItalian supermarket chains have forecast tens of thousands of job losses if the country’s populist government goes ahead with plans to curtail Sunday trading.Luigi Di Maio, the deputy prime minister, said the government would introduce measures limiting Sunday trading in large shopping centres before the end of the year in an attempt to preserve family traditions. Continue reading...
  
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• Alibaba - change at the top

  10-09-2018 17:39
  Jack Ma to step down as chairman of Chinese ecommerce group next year
  
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• Debenhams battles to calm investors amid store closure rumours

  10-09-2018 15:23
  Department store chain insists it is on track for £33m profit after share price plungesDebenhams has tried to reassure investors by confirming that it expects to make £33m of annual profits after the department store’s shares dived amid rumours that it was considering mass store closures.The company issued a stock market announcement after its shares dived by about 15% to 11p in morning trading on Monday, after weekend media reports that it was considering a company voluntary a
  
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• Debenhams rushes out trading update after shares drop

  10-09-2018 14:48
  Stock falls almost a fifth as UK department store mulls restructuring
  
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• Debenhams under pressure as it weighs restructuring

  10-09-2018 11:30
  Shares in UK department store chain fall as much as 16%
  
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• UK GDP growth lifted by hot weather and World Cup

  10-09-2018 11:27
  Retail sales pick up, while construction sector bounces back after weak start to yearThe hottest summer since records began helped the British economy gather strength in the three months to July, as shoppers hit the high street and England progressed to the semi-finals at the World Cup.The Office for National Statistics said GDP increased by 0.6% in the period from a rate of 0.4% in the previous three months, driven by a rise in activity in Britain’s dominant services sector. The latest sn
  
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• Primark full year sales to be 5.5% up on last year

  10-09-2018 09:54 via theretailbulletin.com
  Primark owner Associated British Foods is expecting the fashion retailer’s full year sales to be 5.5% ahead of last year at constant currency.
  
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• M&S launches digital food campaign featuring celebrity fans

  10-09-2018 09:54 via theretailbulletin.com
  M&S Food has launched a new digital food campaign featuring celebrities Amanda Holden, Rochelle Humes, Paddy McGuinness and Emma Willis.
  
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• Debenhams calls in KPMG to consider future options

  10-09-2018 09:54 via theretailbulletin.com
  Debenhams has hired advisers from KPMG to look at options for the future of the business, according to reports.
  
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• ABF blames heat on Primark’s drop in same-store sales

  10-09-2018 08:46
  Food and fashion group’s shares also under pressure from weakness at its sugar business
  
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• Retail footfall down 1.6% in August

  10-09-2018 08:25 via theretailbulletin.com
  New figures have revealed that UK retail footfall dropped by 1.6% year-on-year in August. The decline followed a 0.8% fall in July.
  
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• Richemont luxury goods group appoints Lambert as CEO

  10-09-2018 08:08
  Cartier and Montblanc brand owner fills role after leaving it vacant for two years
  
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• Sainsbury’s admits probe could scupper Asda merger

  10-09-2018 05:00
  Mike Coupe cites ‘extreme scenarios’ of regulatory remedies that may kill the deal
  
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• Co-op cuts funeral costs as price war hots up

  10-09-2018 01:01
  Mutual to reduce fee for cheapest service by £100 as family finances are stretched
  
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