Retail news

• Hammond Budget to tackle ‘gap-toothed high street’

  26-10-2018 23:41
  Plan to turn more town centre properties into housing and office space
  
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• How Philip Green accusations could affect fashion empire

  26-10-2018 20:04
  Allegations of misconduct may turn out to be less relevant than pressing commercial issues
  
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• Philip Green: from a £1.2bn payout to fighting fires on all fronts

  26-10-2018 19:14
  With Topshop sales falling, the billionaire accused of abuse is battling to shore up his empireSir Philip Green is now fighting fires on all fronts with the “#MeToo” scandal blowing up at a time when the billionaire is battling to shore up his crumbling high street empire.Profits at Topshop’s owner, Arcadia, have fallen sharply in recent years as the fashion group, which also owns the struggling Evans and Wallis brands, is hit hard by the growth of online shopping. Continue rea
  
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• Next chief hopes for shares bargain

  26-10-2018 19:07
  Chairman buys £300,000 of stock as retailer reports rise in revenues
  
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• Revealed: Philip Green paid seven-figure sums to silence abuse claims

  26-10-2018 18:51
  Exclusive: Insider tells of culture of silence at top of company over tycoon’s behaviour towards women
  Several employees of Sir Philip Green who alleged the tycoon had sexually harassed or bullied them were given enormous seven-figure secret payouts to settle their claims, the Guardian has learned.The huge settlements were part of a widespread culture of silence at Green’s Arcadia Group, an insider said, where the billionaire owner allegedly harassed female staff but few felt able to
  
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• Dry eyes and an absent A-list as the new zeitgeist jettisons Philip Green | Marina Hyde

  26-10-2018 18:46
  Sexual harassment and bullying allegations may signal the end of an era for the Hawaiian-shirted colossusHe reminds me of one of those guys from the 30s,” Simon Cowell once reflected of his friend Philip Green. “Louis Mayer …” Ain’t that the truth. When a couple of thousand people attended the Hollywood funeral of one of those other guys from the 30s, Columbia Pictures’ Harry Cohn, the comedian Red Skelton twinkled: “It only proves what they always say
  
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• Strip Philip Green of his knighthood | Letters

  26-10-2018 18:16
  Readers respond to Sir Philip Green being named as the businessman at the centre of an injunction linked to allegations of sexual harassment and bullyingI note that Philip Green chose his words of denial very carefully indeed (Philip Green: I am not guilty of unlawful sexual, racist behaviour, 26 October).I feel sure most people would think that it might have been more convincing had he not included the word “unlawful”. Shades of Bill Clinton’s equally careful choice of words o
  
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• Asda weighs cutting up to 2,500 jobs in ‘competitive environment’

  26-10-2018 16:22
  Food retail sector faces mounting challenges from discounters
  
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• Asda says 2,500 jobs at risk before Sainsbury's merger

  26-10-2018 16:11
  Grocer eyes back office roles in shake-up, with redundancies not expected before ChristmasAsda has said 2,500 jobs are at risk as the supermarket giant embarks on a fresh round of cost-cutting ahead of its proposed merger with rival Sainsbury’s.The Walmart-owned grocer is looking to reduce costs across its store operations, with staff working in its bakeries, petrol stations and back office among those under scrutiny. The retailer is also considering closing counters used by customers to r
  
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• No 10 refuses to back calls for Philip Green to lose knighthood

  26-10-2018 14:51
  Outcry follows tycoon being named as figure at centre of sexual harassment allegationsDowning Street has refused to back calls for Sir Philip Green to be stripped of his knighthood over sexual harassment and bullying allegations, saying it is a matter for independent review.After Peter Hain used parliamentary privilege in the House of Lords to name Green as the mystery figure at the centre of the allegations, MPs and others called for the title to be removed. However, a spokesperson said Downing
  
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• Patisserie Valerie's finance director resigns amid fraud allegations

  26-10-2018 14:42
  Chris Marsh, who was arrested on suspicion of fraud earlier in October, leaves company The finance director at Patisserie Valerie’s parent company has resigned amid an investigation into alleged “fraudulent activity” at the cake shop and cafe chain.The company said that Chris Marsh, who was suspended on 9 October and has since been arrested and bailed, had resigned “with immediate effect”. Continue reading...
  
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• Waterstones unveils latest store concept

  26-10-2018 13:38 via theretailbulletin.com
  Bookseller Waterstones has unveiled a new store concept at Sheffield’s Meadowhall shopping centre.
  
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• Amazon: push marketing

  26-10-2018 10:35
  Care is needed in navigating privacy concerns about customer data
  
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• Bensons for Beds teams up with sleep expert

  26-10-2018 10:03 via theretailbulletin.com
  Bensons for Beds has embarked on a partnership with sleep physiologist Stephanie Romiszewski who has been appointed as the retailer’s official “sleep expert”.
  
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• Sainsbury's and Oasis embark on new in-store partnership

  26-10-2018 09:54 via theretailbulletin.com
  Sainsbury’s has teamed up with Oasis to enable it to sell the fashion retailer’s ranges in its supermarkets.
  
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• Westgate Oxford celebrates positive impact on local economy

  26-10-2018 09:48 via theretailbulletin.com
  The new Westgate shopping centre that launched in Oxford a year ago has released data to show that its opening has led to an 8.9% rise in footfall in the city year-on-year.
  
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• Holland & Barrett makes two new senior hires

  26-10-2018 09:48 via theretailbulletin.com
  Holland & Barrett has made two new senior hires with the appointment of George Goley as chief technology officer and Doug Nesbit as group strategy and transformation director.
  
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• Richemont strikes China ecommerce partnership with Alibaba

  26-10-2018 08:09
  Deal will see Net-a-Porter and Mr Porter web stores launched on Tmall Luxury Pavilion
  
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• Markets brace for drop in retail property values

  26-10-2018 06:00
  Sector’s real estate investment trusts are trading at steep discounts to the book value of assets
  
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• Sberbank and Yandex launch ‘Russian Amazon’

  26-10-2018 05:00
  Joint venture between state bank and internet company may preclude broader deal
  
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• Are high taxes killing the British high street?

  26-10-2018 05:00
  Business rates at the centre of debate over whether retailers face an unfair burden
  
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• An appless wake-up call for Silicon Valley

  26-10-2018 05:00
  Buck the trend and buy the biggest, loudest and most medieval one you can find
  
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• Alarm clocks will be a Silicon Valley wake-up call

  26-10-2018 05:00
  Buck the trend and buy the biggest, loudest and most medieval one you can find
  
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• Naming of Philip Green will reopen issue of parliamentary privilege

  26-10-2018 01:00
  Ministers may now revisit role of MPs and peers in challenging court secrecyThe secretive high court case over enforcement of non-disclosure agreements came to court over the summer, pitting an unnamed businessman against the media.The dispute began after five anonymised employees brought claims against the executive – now identified as Sir Philip Green – over his “discreditable conduct”. They eventually reached a financial settlement with his firm. Continue reading...
  
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