Retail news

• Bernie Sanders targets Walmart and takes aim at low wages and CEO | The Resistance Now

  17-11-2018 16:00
  Stop Walmart Act would prevent large companies from buying back stock unless they pay all employees at least $15 an hourThe Resistance Now is a weekly update on the people, action and ideas driving the protest movement in the US. If you’re not already receiving it by email, subscribe.
  Walmart made more than $13bn in profits last year, while the median worker was paid just $19,177. Instead of using its profits to raise wages to a living wage of $15 an hour, Walmart plans to buy back $20bn o
  
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• Forever in blue jeans? Levi's shakes off its troubles by embracing the past

  17-11-2018 12:00
  The 165-year-old denim brand had faded – but it seems to have hit its stride once more, and is reportedly considering going publicLevi Strauss, the world’s most famous denim brand, opened a new flagship store on Friday in Times Square, New York. The 17,000 sq ft store offers on-site tailoring, a T-shirt printer and a mini-museum of the 165-year old brand.Just a few years ago Levi’s was struggling. Strangled by yoga pants and the rise of “athleisure”, and struggling
  
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• Gift cards for Christmas: it's time to kick the habit

  17-11-2018 10:00
  With the high street in disarray, consumer groups warn that gift cards and vouchers are a bad buyWhat do shoppers at HMV, House of Fraser, Maplin, Toys R Us – and this week, Evans Cycles – have in common? They’ve all had problems using, or been left holding, worthless gift cards after the chain went into administration.With Christmas fast approaching, and reports into the dire state of the high street, consumers are being advised to break the gift card habit and give something
  
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• Klarna: 'buy now, pay later' system that is seducing millennials

  17-11-2018 09:00
  It lets you try before you commit at Asos and other online retailers – but is it a debt trap?Swedish firm Klarna has taken online shopping by storm over the past couple of years. Millennials no longer pay for clothes and gadgets with old-fashioned money – they “Klarna” it.If you’re over 30, you’ve probably never heard of Klarna. It’s a new form of digital payment pitched at people who “wanna cop some new gear but can’t wait until payday&rdquo
  
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• Brexit mayhem leaves voters as divided as politicians

  17-11-2018 05:01
  In Middle England both Leavers and Remainers are switching sides, while many just want it to go away
  
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• Debenhams faces crucial Christmas test

  17-11-2018 05:00
  Big share price swings underline importance of Christmas trading for department store
  
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• Co-op own-brand champagne better than Moët, says Which?

  17-11-2018 01:01
  Supermarket’s bubbly deemed as good as Mumm and best value for ChristmasCo-op’s own-brand champagne is as good as Mumm Cordon Rouge and better than Moët & Chandon, according to tests by Which? naming it as the best value deal for Christmas bubbly.The Co-op Les Pionniers NV champagne sells for £19, almost half the price of a bottle of Moët, but scored joint top with Mumm Cordon Rouge in blind tests by Which? experts. Related: Asda beats Waitrose and Harrods in Whic
  
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• Bug grub: Sainsbury's to stock edible insects on shelves in a UK first

  17-11-2018 01:01
  Supermarket will start selling roasted crickets in 250 of its stores from MondayBarbecued bugs are are going on the shelves of British supermarkets as Sainsbury’s becomes the first big UK grocer to stock edible insects.The retailer will start selling roasted crickets – described as “crunchy in texture with a rich smoky flavour” – in 250 of its stores from Monday, capitalising on the growing prominence of bush tucker in the global warming debate. The damaging environ
  
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• Patisserie Valerie chair hires former SFO investigator as his lawyer

  17-11-2018 00:42
  Cafe chain’s executive chairman Luke Johnson likely to be questioned by fraud investigatorsLuke Johnson, Patisserie Valerie’s executive chairman, is understood to have hired a former top prosecutor at the Serious Fraud Office (SFO) amid an investigation into the cafe’ chain’s finances.Johnson has hired John Gibson, who joined the American law firm Cohen & Gresser in September after serving for five years at the fraud investigator. Continue reading...
  
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