Retail news

• Sears shares at record low as retailer prepares to file for bankruptcy

  10-10-2018 20:47
  Shares were down 31% at 40.5 cents, giving the company that traded above $100 a decade ago a market capitalization of $40mSears is preparing to file for bankruptcy protection in the coming days, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low.The bankruptcy filing would end a standoff between the chief executive officer, Eddie Lampert, the retailer’s biggest shareholder and lender, and a spe
  
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• Tesco chief ‘shocked’ by 2014 accounting practices

  10-10-2018 20:17
  Dave Lewis takes stand at trial of two former senior managers accused of fraud and false accounting
  
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• Patisserie Valerie accounts leave boss with egg on his face

  10-10-2018 20:09
  Café chain uncovers ‘potentially fraudulent, accounting irregularities’
  
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• Patisserie Valerie faces '£20m accounting hole' and winding up order

  10-10-2018 19:05
  Owner unaware of insolvency action as it suspends shares over ‘potentially fraudulent’ financial irregularitiesThe owner of Patisserie Valerie has been plunged into financial crisis after it revealed a multimillion pound accounting black hole and that its main trading subsidiary was facing a winding up order.The 92-year-old cake chain, which has more than 200 stores, halted trading in its shares as it revealed “potentially fraudulent” financial irregularities that, accord
  
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• Why I like Taylor Swift 100% more | Brief letters

  10-10-2018 18:49
  Twins | Flu vaccine | Taylor Swift and Trump | Shopping | Plumbing BrexitI am a twin. One thing that grated when my sister and I were growing up was the constant reference to us as “the twins” or “one of the twins”. You aren’t an individual. You’re something different, not even just sisters but a twin. Is it relevant to your report (Care home that lets people live in the past, 6 October) that Damian and Danny are twins? No. Brothers yes, but twins? No. Why use
  
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• HMRC files winding up petition against Patisserie Valerie

  10-10-2018 15:41
  Fresh revelation comes hours after board suspends CFO and discloses ‘potentially fraudulent’ practices
  
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• Patisserie Valerie halts trading in its shares

  10-10-2018 14:54
  Board suspends chief financial officer and discloses ‘potentially fraudulent’ practices
  
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• HMRC files petition to wind up Patisserie Valerie

  10-10-2018 14:54
  Fresh revelation comes hours after board suspends CFO and discloses ‘potentially fraudulent’ practices
  
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• Ikea eyes transformation of stores network

  10-10-2018 13:29
  Retailer aims to use out-of-town outlets as distribution sites and unveils assembly push
  
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• Chinese consumption concerns weigh on luxury groups

  10-10-2018 10:48
  Morgan Stanley downgrades its recommendation on the sector to ‘underweight’
  
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• Flaky Patisserie

  10-10-2018 10:41
  “Significant, and potentially fraudulent, accounting irregularities”.
  
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• UK growth flatlines in August but quarterly picture is brighter

  10-10-2018 10:39
  Latest ONS data shows growth on rolling three-month basis, from June to August, was 0.7%Britain’s economic growth ground to a halt in August, according to official figures. The reading of 0% compared with 0.4% in July, when the economy had been been buoyed by retail sales and construction.However, the rolling three-monthly figure benefited from an upward revision of the UK’s growth. The latest data from the Office for National Statistics showed that UK GDP growth on a rolling three-m
  
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• Patisserie Valerie shares suspended over '£20m accounting black hole'

  10-10-2018 10:01
  Owner notified of ‘significant, and potentially fraudulent, accounting irregularities’The owner of Patisserie Valerie has suspended its shares after the discovery of potentially fraudulent accounting irregularities.Patisserie Holdings said it has been notified of “significant, and potentially fraudulent, accounting irregularities and therefore a potential material mis-statement of the company’s accounts”. Related: Investors cautious ahead of UK growth figures - busi
  
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• Pets at Home hires Robert Kent as chief data officer

  10-10-2018 09:16 via theretailbulletin.com
  Pets at Home has appointed Royal Mail chief data officer Robert Kent to the same role within its business.
  
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• Pets at Home appoints Robert Kent as chief data officer

  10-10-2018 09:16 via theretailbulletin.com
  Pets at Home has appointed Royal Mail chief data officer Robert Kent to the same role within its business.
  
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• Sosandar reports first half sales jump

  10-10-2018 09:11 via theretailbulletin.com
  Women’s fashion retailer Sosandar has said it expects to report a 407% increase in half year revenue compared to the same period in the previous year.
  
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• Sloggi makes two senior appointments

  10-10-2018 09:10 via theretailbulletin.com
  Sloggi, the Triumph owned bodywear brand, has promoted Alex Cara to the new role of global head of omnichannel and appointed Paul Gautier to Cara’s previous role of general manager for northern Europe.
  
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• M&S launches interactive seafood map

  10-10-2018 09:02 via theretailbulletin.com
  Marks & Spencer has launched an interactive map to enable customers to see where the fish or seafood it sells is either caught or farmed.
  
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• John Lewis sales rose by just 0.1% last week

  10-10-2018 09:02 via theretailbulletin.com
  Sales at the John Lewis department stores edged up 0.1% last week compared to the same period in 2017.
  
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• Patisserie Valerie owner probes audit ‘irregularities’

  10-10-2018 08:57
  Trading halted and CFO suspended after chairman Luke Johnson takes charge of inquiry
  
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• Patisserie Valerie owner probes ‘accounting irregularities’

  10-10-2018 08:57
  CFO suspended and shares halted amid investigation
  
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