Retail news

• New Jersey urged to enforce ‘code of conduct’ for Amazon workers

  12-12-2018 22:14
  Report details dangerous and unstable work conditions in dozens of warehouse distribution centers for Amazon and other retailersA coalition of labor advocacy groups is pushing New Jersey to enforce a “code of conduct” for warehouse workers at Amazon and other major online retailers, which includes a minimum wage, stabilized work hours and the right to unionise.A report released on Wednesday by Warehouse Workers Stand Up, details the dangerous and unstable work conditions that exist i
  
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• Canada Goose shares slide amid Beijing-Ottawa row over Huawei CFO arrest

  12-12-2018 20:29
  Luxury retailer appears to be first casualty as calls for a boycott spread on social media Weibo and echoed on state-run mediaGrowing tensions between Beijing and Toronto over the arrest of a senior Huawei executive have inflicted damage on the luxury clothing retailer Canada Goose, as Chinese consumers call for a boycott of the brand.Shares in the company have plunged nearly 20% since the arrest last week of Huawei’s chief financial officers Meng Wanzhou in Vancouver. A Canadian judge gra
  
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• Superdry co-founder ramps up comeback campaign as shares plunge

  12-12-2018 20:15
  Julian Dunkerton urges shareholders to help him take back control of brand after fresh profits warningThe co-founder of Superdry has said he needs to be back running the fashion chain within weeks if it is to be turned around by next Christmas – and has called on other shareholders to support his comeback campaign.Julian Dunkerton was speaking after the company issued its second profit warning in two months. Superdry shares collapsed by 38% to 354p on Wednesday, wiping £32m off the v
  
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• Superdry sweats through thick coats and hoodies

  12-12-2018 19:47 via ft.com
  Fashion retailer could have been faster to adapt to changes in climate and fashion
  
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• Sainsbury’s and Asda challenge CMA over merger

  12-12-2018 19:27
  Competition and Markets Authority is investigating fallout of planned deal for shoppers and suppliersSainsbury’s and Asda have launched a legal challenge after complaining they are unable to meet the deadlines of the competition watchdog investigating their planned £7.3bn merger.The deal, which was announced in April, promises to create a new force in UK supermarket retailing that would usurp Tesco as the market leader. Continue reading...
  
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• Dixons Carphone: hang ups

  12-12-2018 17:41 via ft.com
  Shareholders want a fix for group’s mobile division but such hopes remain on hold
  
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• IKEA chooses Bromley for second Planning Studio store

  12-12-2018 16:54 via theretailbulletin.com
  IKEA has chosen Bromley as the location for the opening of a second Planning Studio format store.
  
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• Superdry issues profits warning amid high street downturn

  12-12-2018 13:07
  Shares plunge as mild weather and weak consumer spending hit fashion firmSuperdry shares slumped by more than 30% on Wednesday after it issued a severe profit warning blamed on continued warm weather and weak consumer spending.The collapse in profits will give more credence to the campaign of co-founder Julian Dunkerton to return to a leadership role at the business. The shares have lost 80% of their value this year.Maplin, Toys R Us and Jacques Vert have all collapsed in recent months, but seve
  
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• Superdry warns on profit after 'difficult' first half

  12-12-2018 10:51 via theretailbulletin.com
  Superdry has warned on profit after experiencing “difficult” trading in the first half of its financial year.
  
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• Dixons Carphone swings to first half loss

  12-12-2018 10:08 via theretailbulletin.com
  Dixons Carphone has swung to a first half pre-tax loss following the booking of £490 million in exceptional charges.
  
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• Dixons Carphone loses £440m in six months

  12-12-2018 10:03
  Electronics retailer plans cost-savings of £200m to claw back losses but rules out job cutsDixons Carphone slumped to a loss of £440m in the first half of its financial year, with the struggling electronics retailer announcing more than £200m of cost savings.The big loss came in part because the company, formed through the merger of Dixons with Carphone Warehouse in 2014, was forced to write down the value of the mobile retailing brand which is unprofitable, by £344m. Con
  
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• Sainsbury's and Asda request more time in CMA probe

  12-12-2018 09:39 via theretailbulletin.com
  The Sainsbury’s and Asda supermarket chains have asked the Competitions and Markets Authority for more time to provide and consider all the evidence regarding their proposed merger.
  
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• Superdry shares plunge on profit warning

  12-12-2018 08:59 via ft.com
  Clothing brand says it has been hit by changing consumer behaviour and wider uncertainty
  
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• Sainsbury’s and Asda launch challenge to probe timetable

  12-12-2018 08:38 via ft.com
  Retailers seek to extend timeable of investigation into merger
  
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• Sainsbury’s and Asda launch challenge over merger probe

  12-12-2018 08:38 via ft.com
  Retailers seek more time to respond to investigation by Competition and Markets Authority
  
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• Dixons Carphone swings to loss after nearly £500m in charges

  12-12-2018 08:33 via ft.com
  Retailer also plans to slice dividend as it struggles with weak consumer sentiment
  
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• Dixons Carphone swings to loss after £500m in charges

  12-12-2018 08:33 via ft.com
  Retailer plans to slice dividend as it struggles with weak consumer sentiment
  
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