Retail news

• Stock market investors are finally facing up to global turmoil

  23-10-2018 20:47
  Early declines signalled acknowledgment of US-China trade war and other eventsStock market investors’ ability to ignore big geopolitical events is legendary. Give them a whiff of lower interest rates and most big-picture troubles can be relegated to the status of passing worries. In the absence of cheaper money, however, the story can be different. Tuesday’s early declines, which were really a continuation of a losing run that has lasted for most of October, marked a moment when inve
  
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• Bid target Intu sells advantages of living at the mall

  23-10-2018 20:42 via ft.com
  Shopping centre group discovers residential attractions as suitor circles
  
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• Gilberto Benetton, Italian industrialist, 1941-2018

  23-10-2018 19:25 via ft.com
  Financial brain who spearheaded expansion to conglomerate with €12bn assets
  
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• Amazon opens pop-up fashion shop in central London

  23-10-2018 19:07
  Baker Street store will sell own-label items and other brands during week-long trialAmazon has opened its first British fashion store, in the form of a central London pop-up where the retailer is seeking shoppers’ views on its clothing ranges, prices and store experience.The Baker Street pop-up is the first of its kind in Europe. It will be open for a week, during which time it will host events including denim customisation by Pepe Jeans, beauty trend discussions with Vogue’s Jessica
  
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• Self-driving taxis – a dystopian future? | Brief letters

  23-10-2018 18:18
  Addison Lee’s future cars | Dishwashers | Waitrose, Lidl and Brexit | Gaby’s DeliWould you like to ask Addison Lee whether the “self-driving” cars it aims to deploy in London by 2021 (Report, 22 October) will in fact have remote control capability? If so, the term “self-driving” would be a misnomer. The remote control would be dangerous for dissidents and whistleblowers – if you ride in a “self-driving” taxi with remote control capability, an
  
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• Smart Shopping with Sainsburys SmartShop App

  23-10-2018 15:21 via theretailbulletin.com
  Sainsbury’s has implemented SmartShop; an app shopping experience that requires no queuing or payment at the tills. It’s the first supermarket in the UK to implement shopping with technology in this way. Simply browse, scan and bag –just scan the QR code on the way out to complete the shop!
  
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• Phew, let’s stop sweating it over Brexit – the thong is back | Ariane Sherine

  23-10-2018 15:19
  Rising sales of tiny smalls mean boom time for Britain, so forget stockpiling baked beans and start living it upDon’t worry about Brexit – it’s all going to be OK! How do we know? Because John Lewis says thongs are popular again (yes, thongs, ladies, those abominations you surreptitiously pull out of your bum cheeks in deeply elegant fashion). And if long skirts mean a recession and miniskirts mean boom times, then excruciatingly skimpy undies must signal that we are headed for
  
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• John Lewis sales fall by 1.2% last week

  23-10-2018 14:01 via theretailbulletin.com
  Sales at the John Lewis & Partners department store chain fell by 1.2% year-on-year last week despite an uplift in fashion sales.
  
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• Stance to open first store outside US in Covent Garden

  23-10-2018 11:58 via theretailbulletin.com
  Apparel brand Stance will be opening its first physical store outside of the US in London’s Covent Garden shopping district next month.
  
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• John Lewis says 2018 one of toughest years for retail as it looks back on year's product trends

  23-10-2018 11:58 via theretailbulletin.com
  The John Lewis department store chain has said 2018 was one of the toughest years for retail in the latest edition of its annual John Lewis & Partners Retail Report.
  
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• Intu hails strong operational performance

  23-10-2018 11:58 via theretailbulletin.com
  The Intu shopping centre operator has reported that it agreed 84 longterm leases from 1 July to 23 October at rental levels 8% above previous passing rent.
  
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• New Look to exit China

  23-10-2018 11:31 via theretailbulletin.com
  Fashion retailer New Look is to exit its retail business in China after gradually reducing its number of stores in the country.
  
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• Bawbags teams up with Cyrenians to provide underwear for the homeless

  23-10-2018 11:31 via theretailbulletin.com
  Scottish underwear brand Bawbags has partnered with homelessness charity Cyrenians to provide an often overlooked essential for people without a roof over their head.
  
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• John Lewis says 2018 one of toughest years for retail as it looks back on year's trends

  23-10-2018 10:02 via theretailbulletin.com
  The John Lewis department store chain has said 2018 was one of the toughest years for retail in the latest edition of its annual John Lewis & Partners Retail Report.
  
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• Wickes' like-for-like sales suffer during 'challenging' third quarter

  23-10-2018 09:52 via theretailbulletin.com
  Travis Perkins, the owner of Wickes and Toolstation, has said its consumer division battled a challenging UK DIY market in its third quarter with like-for-like sales down 4.2%.
  
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• Quiz opens flagship store at Liverpool ONE

  23-10-2018 09:52 via theretailbulletin.com
  The Quiz fashion brand has opened a new store at the Liverpool One shopping centre.
  
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• ASOS hires chief financial officer

  23-10-2018 09:52 via theretailbulletin.com
  Online fashion retailer ASOS has appointed Mathew Dunn as its new chief financial officer.
  
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• Rain was the last straw for my panama hat

  23-10-2018 08:00
  I was caught out in rainy Sicily and the hat was ruinedI bought a £70 foldable Brisa panama hat from the Panama Hat Company this summer. I was aware that it should not be worn continually in wet weather. However, I was caught out by a rainy afternoon in Sicily this September. Where do you put a hat that should not be worn or folded damp when out for the afternoon? It was not soaked, but did not regain its original shape. The company said that by getting it wet it was my fault. It said it c
  
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• Volkswagen and the moral business lessons

  23-10-2018 05:02 via ft.com
  Understanding the cause of unethical practices can avoid large-scale scandals
  
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• DVDs have had their day as shoppers go skimpy and sustainable

  23-10-2018 01:01
  Alarm clocks and trouser presses are also out as John Lewis report reveals shopping trends Some 20 years after the first DVD players went on sale, they’re history. John Lewis won’t be restocking when the current players have sold out, the retailer said, after a 40% dive in sales this year.The DVD player’s demise is revealed in the annual snapshot of buying trends compiled by the department store group. A number of other devices and electricals are also in steep decline: sales o
  
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