Retail news

• Debenhams shares fall by 21%

  14-11-2018 19:26
  Department store chain’s sharp decline came after very poor weekly sales Debenhams shares plunged by more than a fifth on Wednesday amid fears for its financial health, as a grim year for some of the high street’s best-known names threatened to get even worse.The 240-year-old department store chain was valued at just £65m by the end of the day, after its shares fell by 21% amid reports that it was now being shunned by suppliers. It was the biggest one-day fall recorded by the r
  
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• Toilets are essential for disabled shoppers | Letter

  14-11-2018 18:55
  This is not just a matter of ‘public convenience’ but a basic right that is too often forgotten, writes Carol PackhamI was interested to see the feature about Purple Tuesday and bringing awareness as to how to enable access for disabled shoppers (G2, 13 November). Many of the suggestions are also enabling for other potential shoppers, eg older people, pregnant women, those with small children. This is particularly the case in relation to accessible, free, unlocked toilets. This are e
  
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• Canada Goose shares soar on rosier outlook

  14-11-2018 18:05 via ft.com
  China, direct-to-consumer sales are driving revenue growth for the parka maker.
  
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• Victoria’s Secret chief executive Jan Singer resigns

  14-11-2018 17:22 via ft.com
  Parent L Brands to officially announce departure on Monday
  
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• Berketex wedding firm collapses leaving brides without dresses

  14-11-2018 16:27
  Berketex Bride goes into administration leaving customers disappointed and out of pocketUK bridal chain Berketex Bride has collapsed into administration leaving customers thousands of pounds out of pocket and without a wedding dress in the latest retail failure.The Grantham-headquartered chain said it had closed its doors on Tuesday and would not be reopening, affecting about 300 people who had placed orders.Feeling very #heartbroken because of #berketex they have now gone into administration an
  
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• Four more House of Fraser stores to close as rent talks fail

  14-11-2018 15:44
  Nottingham, Norwich, Newcastle and Thurrock outlets to stop trading in 2019Four more House of Fraser department stores are to close down after Mike Ashley’s Sports Direct failed to agree a new, lower rent deal with the stores’ landlord.The stores, in Nottingham, Norwich, Newcastle’s Metro Centre and the Lakeside shopping centre in Thurrock, Essex, all belong to the property business Intu. Continue reading...
  
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• UK inflation steady at 2.4% in October after food price war

  14-11-2018 12:03
  A rise had been predicted and ONS says cost of fuel pushed up cost of livingUK inflation was unchanged at 2.4% in October after a rise in the cost of petrol and utility bills was offset by falling food prices.City economists had predicted an increase to 2.5% but a price war on the high street, especially among food retailers, drove down the cost of the weekly shop and held back consumer inflation. Continue reading...
  
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• Iceland to let loose animatronic orangutan after Christmas ad ban

  14-11-2018 10:30
  Retailer’s choice highlighting impact of palm oil production is deemed too political for TVIceland is to unleash a life-size animatronic orangutan on the streets of the UK after its Christmas advert highlighting the impact of palm oil production was banned for breaching political advertising rules.The supermarket chain has turned to special effects technology befitting Hollywood to create an ultra-realistic robotic orangutan for a stunt to raise awareness of the plight facing the species f
  
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• Amazon's new headquarters to be split between New York and Virginia

  14-11-2018 09:49 via theretailbulletin.com
  Amazon has announced that its new headquarters will be split between New York and Arlington in Virginia.
  
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• Superdrug's new Bedfordshire store to feature 'Beauty Studio' concept

  14-11-2018 09:48 via theretailbulletin.com
  Superdrug will be opening a new store in Biggleswade that features a ‘Beauty Studio’ and nail bar offering a range of treatments.
  
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• Insight: half of UK shoppers buy local to support small producers

  14-11-2018 09:47 via theretailbulletin.com
  A new survey has found that 55% of UK consumers buy local brands as a means of supporting small producers and those in their local area.
  
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• The Food Warehouse launches Wine Warehouse concept

  14-11-2018 09:35 via theretailbulletin.com
  Iceland Foods owned The Food Warehouse has opened a new £1.5 million store that incorporates its first ever Wine Warehouse department.
  
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• John Lewis sales down 8.3% last week due to warmer weather

  14-11-2018 09:35 via theretailbulletin.com
  John Lewis saw its sales decline by 8.3% year-on-year last week due to unseasonably mild weather and the fact it was price matching a competitor in the corresponding week last year.
  
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• Festive advertisers dump TV for online media

  14-11-2018 01:01
  TV ad spend expected to fall by almost £44m in final quarter, despite overall riseUK advertisers are cutting almost £44m from their TV ad campaign budgets in the run-up to Christmas, as a shift in focus to targeting shoppers on digital media could give Google, Facebook and YouTube a bumper festive season.As the annual Christmas advertising battle hots up – Burberry’s campaign featuring Matt Smith, Kristin Scott Thomas and Naomi Campbell the latest to be unveiled – T
  
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