Retail news

• Christmas Gift Guide 2018

  06-12-2018 22:27 via ft.com
  From a monogrammed trunk to a box of After Eights, the world’s most stylish people share their seasonal gift ideas
  
  Read more

• Tesco fraud case crumbles as SFO tries to have cake and eat it

  06-12-2018 20:57 via ft.com
  Acquittal of two former directors is a serious blow to agency’s dual-track strategy
  
  Read more

• Two Tesco directors cleared of fraud as judge labels case 'weak'

  06-12-2018 19:11
  Crown court jury instructed to acquit duo over the £250m black hole in profits in 2014Two former Tesco executives accused of masterminding a fraud that triggered the biggest financial crisis in the supermarket chain’s 100-year history have been cleared after the judge threw out the case stating the prosecution case was “so weak” it should not be before a jury.Chris Bush and John Scouler were acquitted after the judge Sir John Royce dismissed the case brought by the Seriou
  
  Read more

• Anta Sports closes in on €5.6bn Amer takeover

  06-12-2018 18:37 via ft.com
  Deal would be largest acquisition in Europe by a Chinese company in 2018
  
  Read more

• Advertisement

• Sears chair Lampert suggests bid for bankrupt retailer

  06-12-2018 15:55 via ft.com
  Billionaire says offer worth $4.6bn, including writing off debt
  
  Read more

• I worked for Ray Kelvin at Ted Baker. I wish I’d stood up to him | Erica Roffe

  06-12-2018 14:06
  As a PR at Ted Baker in the 1990s, I experienced first-hand the humiliating, inappropriate way the CEO treated his employeesWhen I worked for Ray Kelvin, Ted Baker’s founder and CEO, in the mid-1990s he was well-known as an eccentric, exuberant character and a maverick in the industry. He shunned many of the conventions of the fashion business and built a brand on quirkiness and the prevailing lad culture. Related: Ted Baker staff complain of ‘forced hugs’ by company founderCon
  
  Read more

• Tesco executives’ trial collapses as defendants acquitted

  06-12-2018 12:33 via ft.com
  High-profile SFO case relates to retailer’s £250m accounting scandal
  
  Read more

• Two Tesco directors cleared of fraud and false accounting

  06-12-2018 12:31
  Crown court jury instructed to acquit duo over the £250m black hole in profits in 2014Former Tesco directors Chris Bush and John Scouler have been cleared of false accounting at Southwark crown court.The court case related to an alleged hole in Tesco’s accounts revealed in September 2014 when the company told the stock market it had overestimated profits by about £250m. The announcement wiped £1.5bn off the value of Tesco in one day. Continue reading...
  
  Read more

• Advertisement

• Joules stocks up for 2019 amid no-deal Brexit fears

  06-12-2018 11:39
  UK clothing brand brings forward spring-summer orders and rents warehouse in mainland EuropeThe British clothing brand Joules is stocking up early on next year’s spring and summer ranges and has rented an EU warehouse in preparation for a no-deal Brexit.The company said it was bringing forward its product orders for its spring and summer 2019 ranges, including its classic striped Breton Harbour tops, hand-drawn printed scarves and light coats and jackets. This is to ensure its deliveries w
  
  Read more

• Ted Baker revenue down 0.2% following expected decline in wholesale sales

  06-12-2018 09:42 via theretailbulletin.com
  Fashion brand Ted Baker saw its group revenue edge down 0.2% year-on-year in the 16 weeks to 1 December following an expected decline in wholesale sales.
  
  Read more

• Kurt Geiger opens first flagship store in West Midlands

  06-12-2018 09:42 via theretailbulletin.com
  Premium footwear brand Kurt Geiger has opened its first flagship store in the West Midlands at the Bullring shopping centre in Birmingham.
  
  Read more

• Appear Here to launch pop-up concept store at London's Seven Dials

  06-12-2018 09:41 via theretailbulletin.com
  Appear Here, the marketplace for short-term retail space, is opening a pop-up store this month called Give & Receive to showcase independent brands in the run-up to Christmas.
  
  Read more

• Ted Baker: law firm to investigate 'forced hugging' allegations

  06-12-2018 09:20
  Herbert Smith Freehills will examine claims against company founder Ray KelvinTed Baker has confirmed it has appointed the law firm Herbert Smith Freehills to conduct an independent external investigation into allegations that the fashion retailer’s founder and chief executive, Ray Kelvin, forced hugs and kisses on employees.The firm will report to a committee of the non-executive directors that will be chaired by Sharon Baylay, a former BBC Worldwide and Microsoft executive who joined Ted
  
  Read more

• Ted Baker boss to stay on as law firm starts 'forced hugging' inquiry

  06-12-2018 09:20
  Herbert Smith Freehills will examine claims against the company founder Ray KelvinTed Baker boss Ray Kelvin will continue to work in the business during an investigation into allegations that the fashion retailer’s founder and chief executive forced hugs and kisses on employees.Lindsay Page, chief operating officer, said it was “business as usual” at the company as he announced disappointing trading over the last three months, including a 3% fall in sales at established stores.
  
  Read more

• British Corner Shop reports 25% growth

  06-12-2018 09:14 via theretailbulletin.com
  British Corner Shop has reported 25% growth over the last year and said its trading has not been affected by no deal Brexit fears.
  
  Read more

• Ted Baker appoints law firm to probe ‘forced hugging’

  06-12-2018 08:38 via ft.com
  Herbert Smith will look into allegations of inappropriate behaviour at fashion retailer
  
  Read more

• The UK funeral sector is exploiting the vulnerable

  06-12-2018 05:00 via ft.com
  Prices have soared, but are not justified by higher sector costs or better service
  
  Read more

Follow @retailuknws on Twitter!