Retail news

• BT’s new chief tries to send message on pay

  25-10-2018 21:07
  New boss Philip Jansen to put his money where his job is
  
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• Tycoon fond of parties and expletives: Sir Philip Green profile

  25-10-2018 20:34
  Famed for his extravagant birthday bashes, Green and his wife are worth about £2bnSir Philip Green lives during the week in a suite in the five-star Dorchester hotel. On Fridays he flies by private jet to the family home in tax-free Monaco or to wherever their £100m superyacht Lionheart is moored. It’s a life far removed from Green’s first job buying up excess clothing from bankrupt companies and selling it on to market traders.Having built a fortune in the retail industr
  
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• Drastic measures are fine, but Debenhams also needs a solid plan

  25-10-2018 19:53
  Cutting stores and negotiating lower rents will help – but these alone will not save Debenhams Christmas matters for all retailers, but for some it matters more. After announcing plans to close 50 stores, the stakes are now especially high for Debenhams.Conditions in the high street could hardly be tougher, with structural change resulting from the move to online shopping meshing with a cyclical downturn caused by a squeeze on living standards and rising costs. Related: Debenhams to close
  
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• Debenhams boss calls for end to 'preferential' tax regime for online retailers

  25-10-2018 19:36
  Call comes as department store announces store closures after worst loss in 240-year historyThe boss of Debenhams has called on the government to end the “preferential” tax regime for online retailers as the department store said it could close almost a third of its stores, putting about 4,000 jobs at risk.The chain said it had dived nearly £500m into the red, the worst annual loss in its 240-year history, as it struggles to adapt to changing habits which have resulted in a qua
  
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• The People’s March, Waitrose and Lidl | Letters

  25-10-2018 19:04
  I’m sick of apologising for being middle class, writes Vicky Dawson. Caroline Duchet says that plenty of remainers shop at Lidl. Plus letters from Susan Price, Dr James Walsh, Steve King and Steve FlatleyYour correspondents (Waitrose is on the march – but what of Lidl Britain, Letters, 23 October) denigrate the People’s March on Saturday for being middle class and predominantly of the liberal elite. Yes, it would have been good to see a broader ethnic mix represented, but I&rsq
  
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• 'It could do with a facelift': the verdict on Debenhams

  25-10-2018 18:54
  Debenhams closures may hit small towns like Staines, where retail is already strugglingOn the first floor of Debenhams in Staines-upon-Thames, Ellie Wickham is perching different fascinators on the side of her head and texting the photographs to her mum for approval for a forthcoming wedding.“It’s pleasant but it could do with a facelift,” says Wickham of the tired store. Continue reading...
  
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• Debenhams in decline: what has gone wrong?

  25-10-2018 14:55
  The retailer is grappling with formidable challenges such as high rents and online shoppingDebenhams has crashed to an annual loss of nearly £500m and confirmed plans to close almost a third of its stores. What has gone wrong? Continue reading...
  
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• UK retail health continues to stagnate despite a brief summer boost

  25-10-2018 14:26
  The KPMG/Ipsos Retail Think Tank (RTT) has determined that retail health in Q3 2018 remained stagnant, despite the summer boost that has benefitted some retailers.Retail health in the UK has been negative or flat for 10 consecutive quarters
  Demand remains volatile, while margins remain under pressure as costs continue to rise
  Success in the all-important ‘golden quarter’ will be determined by ongoing Brexit negotiations and retailers’ ability to navigate the economic headw
  
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• Debenhams store closures put 4,000 jobs at risk

  25-10-2018 13:49
  Department store chain to shut up to 50 shops as it cancels dividend after £500m loss
  
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• House of Fraser: ScS to close all concessions after orders slump

  25-10-2018 13:13
  Furniture and floorings firm latest to abandon stricken department store chainThe furniture and floorings company ScS is to close all of its concessions at House of Fraser after sales at the concessions slumped by more than half since the stricken department store chain was bought by Mike Ashley’s Sports Direct.ScS said the 27 concessions would close by the end of January. The company is the latest among partners and suppliers to abandon House of Fraser. Orders at the ScS concessions fell
  
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• Oracle Netsuite Report: Blurring of the Lines Between Manufacturers, Distributors, and Retailers

  25-10-2018 12:14 via theretailbulletin.com
  The clear distinctions between manufacturers, distributors, and retailers are disappearing. What should your business do to remain competitive?
  
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• ScS to close House of Fraser concessions

  25-10-2018 10:51 via theretailbulletin.com
  Furniture and flooring retailer ScS has reported that its like-for-like order intake rose by 1.2% in the 12 weeks to 20 October as it confirmed plans to close its concessions in House of Fraser stores.
  
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• Debenhams store closure plans put 4,000 jobs at risk

  25-10-2018 10:06
  Department store group to shut up to 50 shops as it cancels dividend
  
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• Palace co-founder Marshall Taylor joins Navabi board

  25-10-2018 09:56 via theretailbulletin.com
  Plus size fashion retailer Navabi has appointed Marshall Taylor, the co-founder of streetwear label Palace, as chairman of its advisory board.
  
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• Radley London signs up Eleanor Tomlinson as brand ambassador

  25-10-2018 09:34 via theretailbulletin.com
  Accessories brand Radley London has signed up actress Eleanor Tomlinson as its brand ambassador as it celebrates its 20th anniversary.
  
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• Deliveroo to deliver food to queuing gamers at GAME stores

  25-10-2018 09:33 via theretailbulletin.com
  Deliveroo has teamed up with GAME to enable the retailer’s customers to order food from restaurants near their chosen GAME store and have it delivered to them while they are queuing to buy the latest games releases.
  
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• Puma lifts outlook for third time this year

  25-10-2018 09:02
  Costs at the German sportswear maker have risen slower than expected, boosting profits
  
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• Debenhams to close up to 50 stores in next three to five years

  25-10-2018 08:59 via theretailbulletin.com
  Debenhams has announced that it will be closing up to 50 stores over the next three to five years as it looks to adapt to changes on the high street. The move could put around 4,000 jobs at risk.
  
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• Debenhams scraps dividend after £500m loss

  25-10-2018 08:40
  Department store group to close up to 50 stores as high street downturn spreads
  
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• Debenhams to close up to 50 stores, putting 5,000 jobs at risk

  25-10-2018 08:17
  Struggling department store chain also unveils near £500m annual lossDebenhams has confirmed plans to shut up to 50 stores, nearly a third of the UK-wide chain, putting up to 5,000 jobs at risk.The struggling department store also unveiled a near £500m annual loss as it writes off the value of its brand and the cost of unwanted shop leases and IT systems. Continue reading...
  
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• Debenhams to close up to 50 stores, putting 4,000 jobs at risk

  25-10-2018 08:17
  Struggling department store chain also unveils near £500m annual lossDebenhams has confirmed plans to shut up to 50 stores, nearly a third of the UK-wide chain, putting about 4,000 jobs at risk.The struggling department store also unveiled a near £500m annual loss as it writes off the value of its brand and the cost of unwanted shop leases and IT systems.If you work for Debenhams and have been affected you can tell us your experience and share your views using our encrypted form.Cont
  
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• Social supermarkets offer working poor a lifeline

  25-10-2018 05:00
  Discount outlets often run by charities are becoming go-to option for many families
  
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• Inditex resilience indicates investor worries are overdone

  25-10-2018 05:00
  Shares in Zara owner have fallen 21% over 12 months but fundamentals are solid
  
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