Retail news

• Ka-ching: Retailers could pull in more than $1.1tn this holiday season

  19-09-2018 23:19 via ft.com
  Ecommerce sales projected to rise between 17-22%, Deloitte says
  
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• Funding Circle’s price should be more fin than tech

  19-09-2018 21:13 via ft.com
  Peer-to-peer lender’s business model faces challenges
  
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• Kingfisher: every tool in the box

  19-09-2018 18:50 via ft.com
  Chief’s five-year improvement plan could take much longer than stipulated
  
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• Farfetch raises share price range ahead of IPO

  19-09-2018 17:56 via ft.com
  Online fashion retailer set to be valued at between $4.9bn and $5.5bn
  
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• Chappell accused of telling ‘pack of lies’ on BHS

  19-09-2018 15:47 via ft.com
  Former bankrupt who bought store chain for £1 appeals against conviction
  
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• Tesco launches Jack's discount chain

  19-09-2018 14:22 via theretailbulletin.com
  Tesco has launched a new discount chain called Jack’s as it looks to compete with the likes of Aldi and Lidl.
  
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• Aldi and Lidl won't be scared by Tesco's new discount Jack's | Nils Pratley

  19-09-2018 13:31
  Supermarket giant is wise not to bet the farm on its ‘rough copy of Aldi’ – the real battle will be making a profitJack’s, Tesco’s answer to Aldi and Lidl, would have been a good idea 15 years ago. Back then, the German discounting duo, after a stuttering start in the UK in the 1990s, still operated outside the food retailing mainstream, which is where Tesco wanted to keep them. These days they are 13% of the market in combination and harder to knock off their strid
  
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• Turkey’s shops at sharp end of currency crisis

  19-09-2018 12:57 via ft.com
  Plunging lira stokes tensions between mall owners and retail tenants
  
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• 'Queen of prints' Orla Kiely's fashion brand set for liquidation

  19-09-2018 12:43
  High street woes continue as Irish designer’s fashion label closes website and storesOrla Kiely, the brand known for its 1970s-inspired prints and favoured by the Duchess of Cambridge and Alexa Chung, has closed its stores and website in the UK and Ireland after its parent company, Kiely Rowan, appointed administrators to wind down the company.The company, named after the Irish designer who owns it – known as the “queen of prints” – and her husband, Dermott Rowan, s
  
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• 'Queen of prints' designer Orla Kiely set for liquidation

  19-09-2018 12:43
  High street woes continue as handbags-to-homeware design brand closes websites and storesOrla Kiely, the brand known for its 1970s-inspired prints, has closed its stores and website in the UK and Ireland after its parent company, Kiely Rowan, called in administrators.The company, owned by Irish designer Kiely – known as the “queen of prints” – and her husband, Dermott Rowan, said it was entering voluntary liquidation “following various challenges that have faced the
  
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• 'Queen of prints' designer Orla Kiely goes into administration

  19-09-2018 12:43
  High street woes continue as handbags-to-homeware design brand closes websites and storesOrla Kiely, the brand known for its seventies-inspired prints, has closed its stores and website in the UK and Ireland after parent company Kiely Rowan called in administrators.The company, which is owned by Irish designer Kiely, known as the “queen of prints” and her husband, Dermott Rowan, said it was entering voluntary liquidation “following various challenges that have faced the company
  
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• Zendesk guide: A Retailer’s Guide to Getting Omnichannel Customer Service Right

  19-09-2018 12:00 via theretailbulletin.com
  Retail and omnichannel customer service
  
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• UK households face squeeze after surprise inflation jump to 2.7%

  19-09-2018 12:00
  Dearer autumn clothing ranges boost CPI to six-month high despite a forecast fallUK inflation unexpectedly rose to the highest level in six months in August, pushed up by the rising cost of theatre tickets and high street shops launching their new-season autumn clothing ranges.The Office for National Statistics said the consumer price index (CPI) jumped to 2.7% last month from 2.5% in July, confounding economists’ forecasts for the rate to fall to 2.4%.Inflation is when prices rise. Deflat
  
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• Introducing: Red Hot Penny

  19-09-2018 12:00 via theretailbulletin.com
  Are you prepped for Peak? Red Hot Penny help ecommerce retailers and online brands who want to grow to identify and acquire customers...
  
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• Kingfisher profit impacted by weak French sales

  19-09-2018 11:04 via theretailbulletin.com
  Kingfisher, the owner of B&Q and Screwfix, has reported a 30.1% drop in half year profit as it works through the challenges arising from its transformation plan.
  
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• Tesco unveils discount chain Jack’s

  19-09-2018 11:00 via ft.com
  Britain’s largest supermarket group plans to open 10 to 15 stores during 2019
  
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• Waitrose pilots two-hour deliveries

  19-09-2018 09:42 via theretailbulletin.com
  Waitrose & Partners is piloting a new faster delivery service where customers can have their food and drink delivered to their home within two hours or on the same day.
  
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• Sosandar makes good progress

  19-09-2018 09:42 via theretailbulletin.com
  Fashion retailer Sosandar has reported making good progress since its admission to AIM last November.
  
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• Shop Direct boosted by strong performance at Very

  19-09-2018 09:42 via theretailbulletin.com
  Shop Direct, the owner of Very.co.uk and Littlewoods.com, has seen its full year revenue rise by 1.5% to £1.95 billion following a strong performance at Very.
  
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• B&Q owner Kingfisher announces change to supply chain leadership

  19-09-2018 09:42 via theretailbulletin.com
  B&Q owner Kingfisher has announced a change in the leadership of its offer and supply chain organisation with Arja Taaveniku being succeeded by Henri Solère.
  
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• Bershka to open first Welsh store at St David's

  19-09-2018 09:32 via theretailbulletin.com
  Fashion retailer Bershka has selected Cardiff’s St David’s shopping centre for its first store in Wales.
  
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• Tesco opens discount store Jack's to take on Lidl and Aldi

  19-09-2018 09:06
  Supermarket’s first new store opens in Cambridgeshire with 60 more cut-price shops opening soonTesco is stepping up its fightback against Aldi and Lidl with the launch on Wednesday of its own cut-price chain, Jack’s.The first store will be unveiled later by the Tesco chief executive, Dave Lewis, in the small Cambridgeshire town of Chatteris. The new chain is named after Jack Cohen, who founded Tesco 99 years ago, earning the nickname “Slasher Jack” for his “pile-it-
  
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• Asda-Sainsbury’s merger faces in-depth competition probe

  19-09-2018 08:31 via ft.com
  CMA says preliminary investigation found ‘sufficient concerns’ of effect on consumers
  
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• Asda-Sainsbury’s deal faces in-depth competition probe

  19-09-2018 08:31 via ft.com
  CMA says preliminary investigation found ‘sufficient concerns’ of effect on consumers
  
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• We spent £1,281 on a House of Fraser sofa – have we lost our cash?

  19-09-2018 08:00
  We ordered it in store before Sports Direct bought the chain out of administrationIn early July I ordered a £1,281 sofa from House of Fraser. It was due to be delivered on 20 August and I was assured up until the beginning of that week that it would go ahead despite the store going into administration. It never arrived.I’ve now been told by the administrator, EY, that I am a creditor and will need to make an unsecured claim, though I would most likely receive a very small amount, if
  
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• US business groups criticise latest Trump tariffs

  19-09-2018 06:03 via ft.com
  Trade associations say there are better ways to prod China to open markets
  
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• Young shoppers love real stores full of real stuff

  19-09-2018 06:00 via ft.com
  Walmart and ‘clicks-to-bricks’ newcomers still have appeal
  
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• Starbucks’ European unit paid 2.8% UK tax last year

  19-09-2018 01:23 via ft.com
  Bill reduced partly by tax breaks on share payments to employees
  
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• Starbucks’ European business paid 2.8% UK tax last year

  19-09-2018 01:23 via ft.com
  Bill reduced partly by tax breaks on share payments to employees
  
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